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Fire Extinguishers Market Research Report Covering Market Share, Market Concentration Rate and Opportunities by 2023
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A fire extinguisher is a firefighting device that is used for controlling small fires, mostly in emergency situations. It comprises a cylindrical pressure vessel containing a fire-extinguishing agent, such as water, foam, carbon dioxide, or dry powder, which is discharged over a burning substance to extinguish the fire.
During the forecast period, the market for portable fire extinguishers is expected to witness higher growth. Being handy in nature, they can be instantaneously used during emergency conditions to douse the fire. Trolley-mounted extinguishers, on the other hand, find major application in large facilities, such as industrial plants and warehouses. This factor limits their demand in the fire extinguishers market.
Globally, North America has been leading the fire extinguishers market and is estimated to contribute more than 30.0% share to the market in 2017 in terms of value. U.S. and Canada are two of the world’s most well-developed demand-generating regions that strictly adhere to fire safety norms.
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Some of the major players operating in the global fire extinguishers market are Amerex Corporation, United Technologies Corporation, Minimax, Britannia Fire Ltd., First Alert Inc., JL Industries, Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG, Tyco Fire Protection Products, and Desautel.
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