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Fire Extinguisher Market is expected to reach USD 8.53 billion by 2030 : Cognitive Market Research
Fire Extinguisher Market is expected to reach USD 8.53 billion by 2030 : Cognitive Market Research
- A fire extinguisher is a safety device that is normally used for extinguishing small fires during emergencies and minimizing potential destruction once firefighters arrive. It is composed of a handle, a sprayer, a pressure sensor, and a cylinder carrying an extinguishing substance. It functions primarily by expelling the extinguishing agent under high pressure, which helps to cool the burning material, reduces the flame of oxygen, and interferes with the chemical reaction of the flame. N on-cylindrical pressure vessels are also available in fire extinguishers, although they are less common. The excellent and the firefighting agent are both kept in the same pressure storage chamber.
Market Summary:
● The Global Fire Extinguisher Market size reached USD 7.42 billion in 2022 and will reach USD 8.53 billion by 2030, growing at a CAGR of 8.3% from 2022 to 2030.
● Asia Pacific is forecasted to dominate the fire extinguishers market in terms of revenue share
"To know more about The Fire Extinguisher Market statistics click here: https://www.cognitivemarketresearch.com/fire-extinguisher-market-report
Market Dynamics:
- The increasing number of fire casualties in commercial and household premises dominates the growth of the global fire extinguisher market. In addition, strict government rules and regulations regarding the installation of extinguishers is another factor that drives the demand for the global fire extinguisher market. Furthermore, technological advancement in the fire extinguisher market will provide the opportunity for the growth of the global market.
However, the presence of powerful substitute goods such as automatic vehicle sprinkler systems and hydrant systems may impede the growth of the global Fire Extinguisher Market.
Market Segmentation:
Product Type
● Portable Fire Extinguisher
● Automatic Fire Extinguishers
● Multipurpose Dry Chemical
● Knapsack Fire Extinguishers
● Regular Dry Chemical
● Wheeled Fire Extinguishers
Based on product type, the portable fire extinguisher dominates the global fire extinguisher market with the highest revenue share. This is attributed to these devices being easy to move, control, and operate in an emergency which drives the demand for the global fire extinguishers market.
Application
● Residential
● Non-Residential
The non-residential segment dominates the growth of the global fire extinguisher market. This is attributed to the rapidly growing commercial and industrial sectors Strict government rules and regulations for fire safety in commercial, industrial, and public areas dominate the global market growth.
Extinguishing Agents Type
● Foam Carbon Dioxide
● Dry Chemical
● Dry Powder
● Others
Dry Chemical dominated the growth of the global fire extinguisher market with the highest revenue share. This is attributed to its ability to manage numerous types of fires has made it an attractive selection among consumers as compared to others
The Major Players in Fire Extinguisher Market are:
BRK Electronics, Minimax, Nationwide Fire Extinguishers, Ansul, Badger fire extinguisher, Kidde, First Alert, Rusoh, Kanexfire
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Regional Analysis:
- Asia Pacific has the highest revenue share in the global fire extinguisher market.
Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the speedy growth of the commercial and industrial sectors in the country in the region. North America region is forecasted to dominate the growth of the global fire extinguishers market with the highest growth rate. This is attributed to due to the strict government rules and regulations regarding the installation of extinguishers drives the demand for the global market.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Fire Extinguisher Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Fire Extinguisher Market Segmentation
1.5.1 Fire Extinguisher Market Regional Fragmentation
1.5.1 Fire Extinguisher Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Fire Extinguisher Market
Chapter 4 Global Fire Extinguisher Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Fire Extinguisher Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Fire Extinguisher Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Fire Extinguisher Market by Extinguishing Agents Type Segmentation Analysis (2018-2030)
Chapter 12 Global Fire Extinguisher Market Regional Analysis
Chapter 13 North America Fire Extinguisher Market Outlook (2018 - 2030)
Chapter 14 Europe Fire Extinguisher Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Fire Extinguisher Market Outlook (2018 - 2030)
Chapter 16 Latin America Fire Extinguisher Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Fire Extinguisher Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more Fire Extinguisher Market TOC click here: https://www.cognitivemarketresearch.com/fire-extinguisher-market-report#table_of_contents
Related Report
● Auto Fire Extinguisher Market - https://www.cognitivemarketresearch.com/auto-fire-extinguisher-market-report
● Fire Protection System Market - https://www.cognitivemarketresearch.com/fire-protection-systems-market-report
● Portable Fire Extinguisher Market - https://www.cognitivemarketresearch.com/portable-fire-extinguisher-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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