Global Fire Extinguishers Market to Reach $9.7 Billion by 2030
In 2022, the global market for fire extinguishers was valued at approximately $5.2 billion. It is anticipated to expand to around $9.7 billion by 2030, showcasing a compound annual growth rate (CAGR) of 8% during the period from 2022 to 2030.
This market analysis encompasses various fire extinguisher types, including dry chemical & dry powder, carbon dioxide, foam-based, and other product variants. These cater to a wide range of applications, such as portable, trolley-mounted, industrial, commercial, and other end-uses. This report serves as a valuable resource for industry professionals and decision-makers who seek insights into historical, current, and future trends in the fire extinguisher market.
Specifically, the dry chemical & dry powder segment, as analyzed in this report, is expected to achieve a CAGR of 7.9% and reach a market value of $6.4 billion by the end of the analysis period. The carbon dioxide segment is also projected to grow at a CAGR of 9.5% over the next eight years.
The United States market is estimated to be worth $1.5 billion, while China is forecasted to experience a CAGR of 9.7%, resulting in a market size of approximately $1.8 billion by 2030.
This comprehensive report offers an in-depth examination of the global fire extinguisher market across various geographical regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The analysis provides annual sales projections from 2022 to 2030, along with historical data from 2014 to 2021. Furthermore, it offers a 16-year perspective covering the years 2014, 2023, and 2030.
In 2022, the fire extinguisher market in the United States was estimated to be valued at $1.5 billion. Meanwhile, China, as the world's second-largest economy, is expected to reach a projected market size of $1.8 billion by 2030, with a CAGR of 9.7% over the analysis period from 2022 to 2030.
Notable geographic markets in this analysis include Japan and Canada, both forecasted to grow at rates of 6.1% and 8%, respectively, over the period from 2022 to 2030. Within Europe, Germany is also anticipated to experience growth at an approximate CAGR of 6%.
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Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
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MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Fire Extinguishers - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Market Direction in Fire Protection Systems Market Remain Strongly Influenced by Trends in the Construction Sector
Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Fire Safety & Security: An Introductory Prelude
Manual & Automatic Technologies for Comprehensive Fire Safety Strategy: A Snapshot
Fire Extinguishers: A Prominent Segment in Safety and Security Industry
Types of Fire and Technologies to Counter Them
Fire Extinguishing Agents
Fire Extinguisher Types: Based on Agents
Market Outlook
Developing Countries Lend Traction
Recent Market Activity
World Brands
MARKET TRENDS & DRIVERS
Increasing Inclination towards Safety and Security Boosts the Demand for Fire Extinguishers
Percentage Distribution of Causes of Fire: 2020
Percentage Distribution of Causes of Fires at Home: 2020
Select Fire Event Related Stats Highlighting the Importance of Fire Extinguishers
Property Damage (In US$ Billion) in the US Caused by Structure Fires for the Years 2010-2019
Steady Increase in Government Expenditure on Fire Protection Services Boosts Market Prospects f: UK Government Expenditure (In Billion GBP) on Fire Protection Services for the Years 2015, 2016, 2017, 2018 & 2019
Implementation of Stringent Regulations and Policies Boost Growth
Drones Emerge as Highly Flexible Firefighting Medium for Wildfires
Amount of Land Burned in Million Acres in te US Due to Wildfires: 2000, 2005, 2010, 2015, and 2020
Number of Large scale Fires in Europe: March 2021 - August 2021
Drone Technology Stays Ahead in Race to Deal with High-Rise Fires
Damage Distribution to High-Rise Structures by Type
Completions of 200-Meter-Plus Buildings: 2010-2021
Recovery in Recovery in Construction Activity Bodes Well for Market Growth
Global Construction Spending in US$ Trillion: 2015, 2020, 2025, 2030, and 2035
Rising Investments in Real Estate Projects Extend New Opportunities
Wheeled Fire Extinguishers Ideal for Large Construction Sites
Mounting Burden of Building Fires Widens Demand
Growing Emphasis on Type Specific Fire Extinguishers
Healthcare Facilities Increasingly Integrate Fire Extinguishers in Building Security Mix
Fire Extinguishers Assume Critical Importance in Industrial Manufacturing Sites
Warehouses & Logistics Sites Prioritize Fire Extinguishers to Avoid Inventory Losses
Smart Cities to Drive Future Growth
Global Smart City Investments (In US$ Billion) for Years 2021, 2024, 2027
Growing Role of Fire Extinguishers in Data Centers
Global Data centers Market Growth Outlook (In %) For Years 2019 Through 2025
Fire Safety Remains an Integral Part of Modern Data Centers
Urbanization: A Key Growth Driver
World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Fire Extinguishers in RVs: A Growing Segment
Rising Need for Fire Extinguishers for Commercial Kitchens
IoT-Ready Fire Extinguishers Come to the Fore
Emphasis on Leveraging New Technologies Bodes Well
Promising Technologies Trending Big in Fire Extinguishers Space
Select Innovative Products
Sonic Fire Extinguisher: An Innovative Offering
Universal Feuerloschgerate Develops Fire Extinguisher with IoT Sensor Technology
en-gauge Fire Extinguishers with High Reliability
F.A.C.E Features Self-Activation Capability
Elide Fire USA Develops Elide Fire Extinguishing Ball
Portable Fire Extinguisher & Water Can: The Power of Two to Douse Small Fires
Throwable Fire Extinguisher
Oval Fire Extinguishers
Industry Witnesses Rise of Eco-Friendly Fire Extinguishing Solutions
Clean Fire Extinguishing Agents
Fluorine-Free Foams (F3)
Water Mist Suppression Systems
Plant-based Sustainable Fire Extinguishers to Douse Concerns over Greenhouse Gases
CASP Aerospace Introduces Eco-friendly 375H673 Portable Fire Extinguishers
US Military Bets on NIST Solution to Douse Vehicle & Aircraft Fires with Eco-Friendly Chemicals
Rise of Human-Safe Fire Extinguishers that are Good for Environment
Product Labeling Inextricably Linked to Fire Extinguisher Brand Recognition
Compliance Labeling
Stored Pressure Fire Extinguishers and Cartridge-Operated Fire Extinguishers: A Review
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