An Incisive, In-depth Analysis on the Fire Extinguisher Market
This study offers a comprehensive, 360 degree analysis on the Fire Extinguisher market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fire Extinguisher market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Fire Extinguishers Market - Key Research Findings
- The global fire extinguishers market was valued at ~US$ 3 Bn in 2018.
- During the forecast period of 2019-2029, the fire extinguishers market is anticipated to grow at a CAGR of ~ 6%.
- Industrial application of fire extinguishers is likely to result in increased market share through 2029.
- North America is anticipated to hold relatively high revenue share in the fire extinguishers market by the end of 2029.
- North America will continue to be an opportunistic market for fire extinguisher manufacturers and distributors, owing to increasing industrial and infrastructure developments.
- The fire extinguishers market in Western Europe is also anticipated to grow with significant rate, complying with the increasing infrastructural development and stringent regulations imposed by the government for fire safety in industrial as well as residential sectors.
Key Factors Shaping the Fire Extinguishers Market
- Advanced Technologies Emerging as Product Differentiators among Manufacturers
Due to rising integration of automation in the industrial sector, the demand for cost-effective and advanced products is increasing, which is creating pressure on manufacturers to offer technologically-advanced and unique product offerings. Significant investments in research and development to develop unique technologies by manufacturers of equipment can be seen, which will help them differentiate their products in the fire extinguishers market.
- Preference for Lightweight and Compact Fire Extinguishers
By virtue of their high efficiency, dry chemical, carbon dioxide, and foam-based fire extinguishers are getting employed in industries as well as residential sectors for extinguishing purposes, gradually. However, these technologies are now getting inefficient to adhere the current regulations imposed by several countries and environmental organizations. Also, these technologies are feasible under certain conditions, which vary among industries and processes. This, in turn, has raised the need for developing systems, which are effective over a wide spectrum. Moreover, formerly used halon gas fire extinguishers cause ozone depletion. Thus, water mist and clean agent systems are being implemented on account of being an alternative of ozone depleting halon gas fire extinguishers.
For portable operation in emergency conditions, lightweight and compact fire extinguishers are being preferred in the residential and commercial sectors. Complying with demands, several market players are developing systems, which use integrated technology aligned with flame detector working on dual or triple stages. This is estimated to project significant opportunities for growth in the global fire extinguishers market.
- Safety Concerns and Stringent Government Regulations
Owing to an increased incidents of fire breaking in the industrial sector, several countries are emphasizing on crafting regimes for fire safety and management. National Fire Protection Association (NFPA) of U.S. has laid down various regulations related to the mandatory installation of fire extinguishers. One such regulation is NFPA10 for the mandatory usage of portable fire extinguishers in kitchens. Such initiatives taken by government are expected to fuel the demand for fire extinguishers across the globe.Owing to these concerns, installation of fire protection systems and automatic fire supression systems (AFSS) have incereased across the globe, which in turn is anticipated to drive growth of fire extinguishers market.
- Manufacturing Industry Creating Greater Sales Opportunities
Manufacturing activities in Asia Pacific are expected to attract many new market participants to invest in the region, simultaneously promoting the augmentation of the fire extinguishers market. Such manufacturing industries are anticipated to have a medium level impact on the fire extinguishers market.
Fire Extinguishers Market Structure Analysis
- The fire extinguishers market is a moderately competitive market, globally.
- Strategies followed by key players in the fire extinguishers market are business expansion by mergers and acquisitions, product launches, collaborations, and alliances. Key market players focus on strategies such as product expansions and innovations through new dealership networks and collaborations.
- Noteworthy investments in research and development for novel and sturdy products are anticipated to boost the growth of the market.
Key players in the fire extinguishers market are United Technologies Corporation, Johnson Controls International Plc., Hochiki Corporation, Gunnebo AB, Naffco Fazco, Amerex Corporation, Yamato Protec Corporation, Ceasefire Industries Pvt ltd., etc.
Fire Extinguishers Market Analysis 2019-2029
A recent market study published by Future Market Insights on the fire extinguishers market includes global industry analysis 2014-2018 and opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the fire extinguishers market, growth prospects of the market are obtained with maximum precision.
Fire Extinguishers Market: Segmentation
The global fire extinguishers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 – Executive Summary
The report initiates with the executive summary of the fire extinguishers market, which includes a summary of key findings and statistics of the market. It also includes the demand-side and supply-side trends pertaining to the fire extinguishers market.
Chapter 02 – Market Introduction
Readers can find the definition and a detailed segmentation of the fire extinguishers market in this chapter, which will help them understand the basic information about the market. Along with this, a comprehensive information pertaining to fire extinguishers and their properties are provided in this section. This section also highlights inclusions and exclusions, which help readers understand the scope of the fire extinguishers market report.
Chapter 03 – Fire Extinguishers Market Scenario Analysis
This section provides various details about forecast factors and macroeconomic factors and their impact on the fire extinguishers market. It also includes details about opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the fire extinguishers market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the fire extinguishers market during 2019-2029.
Chapter 04 – Global Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Product
Based on product, the fire extinguishers market is segmented into water, foam wet chemical, carbon dioxide, dry chemical, dry powder, and others. In this chapter, readers can find information about key trends and developments in the fire extinguishers market and market attractiveness analysis based on product.
Chapter 05 – Global Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Fire
This chapter provides details about the fire extinguishers market based on fire, and has been classified into Class A, Class B, Class C, Class D, and Class K. In this chapter, readers can understand the market attractiveness analysis based on fire.
Chapter 06 – Global Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by End Use
This chapter provides details about the fire ere Eet Analysis 2014-2018 &029,xtinguishers market based on end use, and has been classified into residential, industrial, commercial, public areas, and others. In this chapter, readers can understand the market attractiveness analysis based on end use.
Chapter 07 – Global Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the fire extinguisher market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa (MEA).
Chapter 08 – North America Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes a detailed analysis of the growth of the North America fire extinguishers market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on product, fire, end use, and countries in North America.
Chapter 09 – Latin America Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the fire extinguishers market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 10 – Western Europe Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the fire extinguishers market in several countries such as Germany, Italy, the U.K., France, Spain, BENELUX, and the rest of Europe are included in this chapter.
Chapter 11 – Eastern Europe Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
The growth of the fire extinguishers market in the Eastern Europe region is provided by focusing on Russia, Poland, and the rest of Eastern Europe.
Chapter 12 – APEJ Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter highlights the growth of the fire extinguishers market in APEJ by focusing on China, India, ASEAN, ANZ, and the rest of APEJ. This section also help readers understand key factors that are responsible for the growth of the fire extinguishers market in APEJ.
Chapter 13 – Japan Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter highlights the growth of the fire extinguishers market in Japan by the end of 2029. This section also help readers understand key factors that are responsible for the growth of the fire extinguishers market in Japan.
Chapter 14 – MEA Fire Extinguishers Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the fire extinguishers market will grow in major countries in the MEA region such as GCC countries, South Africa, and the rest of MEA, during the forecast period of 2019-2029.
Chapter 15 – Competitive Landscape
This chapter provides tier structure of market participants. This section also helps readers understand competitions between key market players. In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the fire extinguishers market, along with a detailed information about each company that includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Babcock & Wilcox Enterprises, Inc., CECO Environmental, ERG (Air Pollution Control) Ltd, Anguil Environmental Systems, Inc, Evoqua Water Technologies LLC, Ecolab Inc., and Tholander Ablufttechnik GmbH, among others.
Chapter 16 –Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the fire extinguishers market report.
Chapter 17 – Research Methodology
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the fire extinguishers market.
Sources and Primary Research Splits (%):-
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and long-Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Publications
- Industry Associations
- International Trade Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Fire Extinguisher Market Reports - Table of Contents
16. Assumptions and Acronyms Used
17. Research Methodology