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.
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.
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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.
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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. The key
players in the market include Amerex, BRK, Desautel, Minimax and Tyco fire
Protection, ANAF and Buckeye.
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