Fire Extinguishers Market Insights, Competitive Landscape and Forecast Report to 2022

The global Fire Extinguishers Market is slated to grow at a fast pace leading to a moderate CAGR in the forecast period. Government mandates implying possible installation of at least two or three in a building premises adds to growth of the market. This mandate extends to automobiles also which have miniature fire extinguishers installed fostering market growth. Product innovation signifies accelerated market growth for fire extinguishers.
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The stringency with respect to automobiles has given rise to ultra-light weight fire extinguishers which is expected to grow in forecast period. Manufacturers have launched ultra-light weight extinguishers resembling a room freshener in anticipation of growing demand from this segment. Segmentation of fire extinguishers market by product type includes dry chemical, foam and carbon dioxide. Segmentation by end-users market includes industrial, commercial and others.
On the basis of fire type, segmentation includes solids, flammable liquids, flammable gasses and electrical equipment, combustible metals and cooking. Segmentation of fire extinguisher market by agent includes mono ammonium phosphate, sodium bicarbonate, potassium bicarbonate and carbon dioxide and aqueous film forming foams. Fire extinguishers are of two types which may take the form of fire suppression systems and small fire extinguishers. Both are used in fire fighting to put out small fires and heavy firefighting equipment are to be strictly left out. On the basis of application, segmentation includes residential, commercial, warehouses, factories and food processing plants, manufacturing and construction sites and others. Segmentation by region includes North America, Europe, Asia pacific, MEA and Latin America.
Large infrastructure demands placed by Asian countries such as India and China are witnessing robust growth due to rapid scale of construction being undertaken in these countries. Dry chemical is proving growth in this particular segment because of its uncanny ability to douse various types of fires. Industrial segment is dominating in this segment by being home to testing labs, research labs and other storage structures. This quantum jump in industrial houses is expected to drive growth of this segment in forecast period.
The key players in the market include Amerex, BRK, Desautel, Minimax and Tyco fire Protection, ANAF and Buckeye.
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New technologies are looking up with nano technologies and use of plastics paving the way forward in building a strong and resilient market for fire extinguishers. Europe ranks heavily in ratings as foremost consumer of fire extinguishers followed by North America and MEA.

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