Press release
Fire Extinguisher Market Trends, Dynamics and Supply Demand 2015-2025
Global Fire Extinguishers Market: Drivers & Restraints
The factors that are contributing to the growth of the global fire extinguishers market are safety government and industrial norms. Increased fire safety expenditure from the industrial segment, and technological innovations in equipment and safety systems are other factors which drive the growth of global fire extinguishers market. Use of automatic and portable fire extinguisher is preferred due to its light weight and is in high demand from consumers end. Growth in infrastructure and construction industry are key drivers for global fire extinguishers market, as fire extinguishers are being made mandatory in every commercial and residential project. Rise in raw material prices and agents used in fire extinguishers is a challenge for global fire extinguishers market.
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Global Fire Extinguishers Market: Segmentation
On the basis of product type, the global fire extinguisher market is segmented into,
Multi-Purpose Dry Chemical
Regular Dry Chemical
Portable Fire Extinguishers
Automatic Fire Extinguishers
Others
On the basis of fire type, the global fire extinguisher market is segmented into,
Solids
Flammable Liquids
Flammable gasses
Electrical Equipment
Combustible Metals
Cooking
Others
On the basis of agents, the global fire extinguishers market is segmented into
Monoammonium Phosphate
Sodium Bicarbonate
Potassium Bicarbonate
Carbon Dioxide
Aqueous Film Forming Foams
Others
On the basis of application, the global fire extinguishers market is segmented into
Residential
Commercial
Warehouses
Factories and Food Processing Plants
Manufacturing and Construction sites
Others
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Global Fire Extinguisher Market: Region-wise Outlook
In terms of geography, the global fire extinguisher market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan.The global fire extinguisher market is expected to register healthy CAGR during the forecast period. Asia-Pacific is the dominant market for fire extinguishers followed by Europe and North America. With growth in infrastructure in regions like Europe and Asia Pacific, mainly in emerging economies such as China, Japan and India, global fire extinguisher market is expected to showcase steady growth over the forecast period. Support of the government and safety initiatives such as increasing fire protection expenditure is expected to fuel the demand for fire extinguishers in Asia-Pacific.
Global Fire Extinguishers Market: Key Players
Some of the market participants in the global fire extinguishers market are Amerex Corporation, BRK Electronics, Minimax GmbH & Co. KG and Nationwide Fire Extinguishers.
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