Market Research Report
Fire Extinguishers - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||652661|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Fire Extinguishers - Global Market Outlook (2017-2026)|
|Published: April 1, 2018||Content info: 170 Pages||
According to Stratistics MRC, the Global Fire Extinguishers Market is accounted for $ 2928.05 million in 2017 and is expected to reach $4993.19 million by 2026 growing at a CAGR of 6.1%. Factors such as growing demand for the fire extinguishers, rising construction activities and increasing awareness among individuals about safety and protection of assets with increased urbanization are favouring the market growth. However, lack of awareness regarding fire safety norms and huge cost of the fire extinguishers is hampering the market growth.
Based on Fire Type, class A extinguisher segment dominated the market in this segment due to rising demand in ordinary combustible materials such as cloths, woods and plastics. Foam fire extinguishers can be used on class A liquid fires such as petrol or diesel by preventing flammable vapour reaching the air and starving the fire of fuel.
Based on Extinguishing Agents, wet chemical extinguishers are used in class F fires which involve cooking oils and fats, such as lard, olive oil, sunflower oil, maize oil and butter. It quickly knocks the flames out, cools the burning oil and chemically reacts to form a soap-like solution, sealing the surface and preventing re-ignition.
By Geography, Asia Pacific is dominating the market owing to, growing support by the government in the form of fire protection investments, significant development in the infrastructural activities and the implementation of the safety protocols. North America is subjected to grow lucratively due to significant demand for fire extinguishers in upcoming infrastructural projects.
Some of the key players in the Global Fire Extinguishers market are Amerex Corporation, BRK Electronics, Minimax GmbH & Co. KG, Nationwide Fire Extinguishers, Ansul, Badger fire extinguisher, Kidde, First alert, Rusoh, Inc, Kanexfire, NAFFCO, Strike First and Supremex Equipment .
Note: North America, Europe, Asia Pacific, South America and Middle East & Africa tables are represented in above manner.