PUBLISHER: DataM Intelligence | PRODUCT CODE: 1217543
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1217543
Contact us about how to customize the report with add-on data.
The automatic fire ball extinguisher is a fully automatic fire extinguisher. When thrown or rolled into a fire, it will burst and extinguish the fire immediately. It can also pinpoint the hotspots, such as flammable objects, circuit breaker boxes, and gas tanks. It is a round fire extinguisher that self-activates after about three to five seconds of fire exposure. It disperses non-toxic extinguishing chemicals and can extinguish fires within a three-cubic meter radius.
The increasing demand for adequate fire protection systems from residential and commercial areas is expected to propel market growth. Furthermore, the increasing construction activities for developing commercial centers, new industrial plants, and launching new housing projects, as well as implementing strict fire safety norms, augment the market's growth.
The global automatic fire ball extinguisher market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 6.32% during the forecast period (2022-2029).
Market Dynamics: Widely increasing fire incidences are driving the market
Growing fire incidence across the globe is expected to propel market growth over the forecast period. According to the NFPA, in 2021, 1.35 million fires in the U.S. caused 3,800 civilian fire deaths and 14,700 reported civilian fire injuries. The property damage caused by these fires was estimated at USD 15.9 billion. It is anticipated to boost demand for the fireball extinguisher. Automatic fireball extinguishers protect properties and infrastructure during a fire accident. In a study that examined the effectiveness of portable extinguishers in 2100 fire cases in the U.K., the Fire Extinguishing Trades Association (FETA) and Independent Fire Engineering and Distributors Association (IFEDA) discovered that in 80% of the cases, the extinguishers effectively put out the fire. In 75% of these cases, the homeowner did not call the fire department. It is expected to accelerate market growth. For instance, on May 1, 2022, a Mumbai-based fire safety company launched an extinguisher for EV battery fires. The product is specially designed for battery fires, and the ISI is marked as per IS 15683. It uses an aqueous vermiculite dispersion fire extinguishing agent, a revolutionary technology that uses fixed and portable delivery techniques to combat lithium-ion battery fire effectively.
However, increased raw material prices are also hampering the market growth. Furthermore, the market's growth is hindered by a lack of awareness among independent property owners about fire protection and safety and a lack of enforcement laws for the setup of fire protective equipment.
Market Segmentation: Dry powder accounted for the highest share of the global automatic fire ball extinguisher market
Dry powder fire extinguishers are anticipated to remain dominant, accounting for around YY% of overall consumption by the end of 2029. Growth can be attributed to multipurpose applications in varied end-use sectors. A dry powder fireball is an extremely versatile extinguisher choice since it can use on almost all fire types. It is expected to boost market growth over the forecast period. Moreover, they are usually used in residential buildings as they can easily combat all three common household fire types. Comparatively low prices and high versatility are also augmenting the market growth. Since the extinguishing agent in these products is dry, there is minimal damage to electrical appliances at the hazard location. Dry-chemical fire extinguishers mostly find use in industrial settings, such as warehouses and manufacturing units. Carbon dioxide portable extinguishers are anticipated to display promising growth during the forecast period due to their high demand in commercial spaces. These products are exceptionally successful in Class B and K fires because they leave no residue or collateral damage. Furthermore, water and foam extinguishers will reflect notable growth. For instance, in 2022, Remo D'Souza launched an automatic fire extinguisher. Automatic Fireball is the world's first extinguisher that does a firefighter's job and more. It is a futuristic product powered by MAP 90 and made for firefighting. Just aim it at the flames, and it's ready to go. This one-of-a-kind automatic extinguisher explodes in temperatures above 70°C and effectively disperses fire-extinguishing chemicals. Its activation time is just 3 seconds.
Geographical Penetration: Asia Pacific is the dominant region during the forecast period
Asia Pacific dominated the automatic fireball extinguisher market with the highest share in 2021. Local players dominate the region, and the demand for automatic fireball extinguishers is anticipated to increase in emerging economies like China, India, and South Korea. Moreover, the rapid growth of the industrial and commercial sectors in the region is accelerating the demand for fireball extinguishers. The growing reconstruction activities and fire safety codes implemented by various governments are accelerating market growth. Government regulations for fire safety have significantly influenced people's growing acceptance of fire extinguishers. Moreover, the increasing demand for smart buildings and intelligent home automation systems, which deliver optimum safety and security, is expected to drive the adoption of automatic fireball extinguishers in the Asia Pacific. For instance, on September 6, 2019, Pune-based start-up Deccaleap Technologies launched innovative fire safety products for passenger vehicles and home care. The fire safety products, called "Thro" and "F-Protekkt," are claimed to douse fire instantly.
Middle East & Africa is expected to witness a significant CAGR from 2022-2029. Government initiatives, updated fire and life safety rules, and rising energy prices are the main drivers of the market in the region. Moreover, the expanding hotel sector is driving up demand for fireball extinguishers in the Middle East & Africa. Furthermore, North America is estimated to witness significant growth over the forecast period owing to increasing fire incidents and property damages over the last few years.
The major players and new entrants characterize the market. Many big players are increasing their focus on the growing trend of automatic fireball extinguishers. Players in the market are diversifying their service offerings to maintain market share. Some players are Firetech Global, Elide Fire Ball Pro Co., Ltd., L. R. INDUSTRIES, Auto Fireball, Universal Fire Protection, Fireball RSA, DANSA Group Germany, Fire and Safety Systems LTD., and HelloMedicals are among the companies involved in the market. For instance, in April 2019, Firetech Global announced a tie-up with Marvel Gloves for unique fire extinguishers to distribute their products throughout India. In February 2021, Win Time Technology introduced a new, plant-based fire extinguishing agent at the No Agricultural Waste research and development project. The product is set to become an eco-friendly alternative to conventional fire extinguisher offerings.
COVID-19 Impact: Negative impact on the global automatic fire ball extinguisher market
The outbreak of coronavirus around the world badly affected the global economy. Various countries imposed lockdown orders across the globe to break the chain and spread of the coronavirus. It devastated the supply chain, applications, trade, and development of the automatic fireball extinguisher market. Moreover, the global pandemic has caused a reduction in the installation of new fire extinguishers in commercial and residential sectors. The COVID-19 pandemic predictably damaged the automatic fire extinguisher industry across the globe. The fire extinguisher ball supply chain faced several challenges, including a lack of freight capacity and truck driver shortages, warehouse labor shortages, congested ports, and high shipping container costs. The restrictions on the movement of people have particularly delayed the installation of fire extinguishers at various establishments.
The global automatic fire ball extinguisher market report would provide access to approximately 58 market data tables, 55 figures and 170 pages.