Fire Extinguisher Market

Apr 2020| VMR1906A| Verified Market Research

Report Highlights

Fire Extinguisher Market Size And Forecast

According to Verified Market Research, Global Fire Extinguisher Market was valued at USD 2.91 Billion in 2018 and is projected to reach USD 4.58 Billion by 2026, growing at a CAGR of 5.86 % from 2019 to 2026.

Global Fire Extinguisher Market Outlook

Rapid industrialization in developing countries, such as China, India, Brazil, and Indonesia, expanding the construction sector and implementation of stringent fire safety norms and regulations is driving the demand for fire extinguishers. Innovations such as sound wave fire extinguisher, water mist systems, early suppression fast response fire sprinkler systems (ESFR), integrated voice evacuation and messaging system, personalized vocal smoke alarms, and video image smoke detection are several best approaches to faster and smarter technologies trending in the market and making firefighting quicker, more effective, and easier. Upcoming construction projects, such as industrial plants, high-rise buildings, and commercial centers, are expected to further propel the demand in the forecast. However, lack of awareness among independent homeowners about fire protection and safety and lack of enforcement laws for the installation of fire protective equipment is hindering the growth of the market.

Global Fire Extinguisher Market Competitive Landscape

The Global Fire Extinguisher Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Amerex Corporation, First Alert Inc., JL Industries, Inc., Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG, United Technologies Corporation, Tyco Fire Products LP, Minimax GmbH & Company KG, Britannia Fire Ltd., and Desautel.

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