Market Research Report
North America Fire Extinguisher Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|North America Fire Extinguisher Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: May 18, 2022
IMARC Services Private Limited
Content info: 105 Pages
Delivery time: 2-3 business days
The North America fire extinguisher market reached a value of US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2027, exhibiting a CAGR of 3.43% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A fire extinguisher is a movable or portable fire protection apparatus used for putting out small fires. It is generally kept at different fire points in factories, buildings, vehicles and public spaces. The device interferes with the fire triangle made of three elements which are required to create a fire, namely, fuel, oxygen and heat. At present, carbon dioxide (CO2), dry chemical, foam-based extinguishers are the different types of fire extinguishers available in the market.
The North America fire extinguisher market is currently being driven by various factors. Most of the demand for fire extinguishers is emerging from the construction sector, which includes both residential as well as commercial units. Therefore, rapid development in the construction sector across the region is having a positive impact on the growth of the fire extinguisher market. In addition to this, various transportation owners have started installing fire suppressant equipment in broad vehicles, such as buses, to ensure the safety of passengers. Moreover, numerous regulations and initiatives have been implemented by the government in the region to mandate the provisions of fire protection which is fueling the demand for fire extinguishers in the region.