Fire Extinguishers Market Size & Growth Analysis to 2030

The global fire extinguishers market size was valued at around $4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of over 5% during the forecast period from 2023 to 2030. The growth in the market is driven by factors such as increasing government regulations regarding fire safety, growing awareness about fire safety in residential and commercial buildings, and the development of innovative fire extinguisher technologies.

The market is expected to see significant growth in the Asia Pacific region, primarily due to the increasing industrialization and urbanization in countries such as China and India. North America and Europe are also expected to see steady growth in the market due to the high adoption of fire safety measures and the presence of established fire safety equipment manufacturers in the region.

The portable fire extinguishers segment is expected to hold the largest share of the market during the forecast period, driven by the increasing demand for portable fire extinguishers in residential and commercial buildings. Additionally, the increasing adoption of advanced technologies such as clean agent fire extinguishers and automatic fire extinguishers is expected to further boost the growth of the market.

Market Drivers:

Government regulations: Governments around the world are increasing their focus on fire safety regulations, which is driving the demand for fire extinguishers. In many countries, it is mandatory for commercial and residential buildings to have fire extinguishers installed, which is boosting the demand for these products.

Increasing awareness about fire safety: With the growing awareness about the importance of fire safety, more people are taking steps to protect themselves and their property from fires. This has led to increased demand for fire extinguishers, especially in residential buildings.

Growth in the construction industry: The growth of the construction industry, especially in developing countries, is also driving the demand for fire extinguishers. As more buildings are constructed, there is an increasing need for fire safety measures such as fire extinguishers.

Advancements in technology: Advances in fire extinguisher technology, such as the development of clean agent fire extinguishers and automatic fire extinguishers, are also driving the growth of the market. These products offer improved performance and safety compared to traditional fire extinguishers.

Increasing industrialization: The growing industrialization in developing countries is driving the demand for fire extinguishers in industrial settings such as manufacturing plants and warehouses. These settings are at a higher risk of fire, and fire extinguishers are an essential safety measure.

Overall, the fire extinguishers market is expected to continue to grow due to these driving factors, as well as increasing investments in research and development to develop more advanced and effective fire extinguisher technologies.

Market Attributes:

To know more about the research study, request sample papers

Market Insights:

Global Fire Extinguishers Market Analysis by Type:

The global fire extinguishers market is bifurcated into type, product type, class, end-use, and geography. On the basis of type, the market is further segmented into portable, wheeled, automatic, and fixed fire suppression systems. The portable fire extinguisher segment is expected to hold the largest share of the market, due to the wide use of these devices in various settings. The automatic fire extinguisher segment is also expected to see significant growth, due to increasing demand for fire safety measures in industrial settings.

Portable Fire Extinguishers: These are handheld fire extinguishers that are designed for use in small fires. They are easy to use and can be carried to the location of the fire. Portable fire extinguishers are commonly used in residential and commercial settings, as well as in transportation settings such as vehicles and airplanes.

Wheeled Fire Extinguishers: Wheeled fire extinguishers are larger and more powerful than portable fire extinguishers, and are designed for use in larger fires. They are mounted on wheels, making them easy to move to the location of the fire. Wheeled fire extinguishers are commonly used in industrial settings and large commercial buildings.

Automatic Fire Extinguishers: Automatic fire extinguishers are designed to automatically detect and extinguish fires in enclosed spaces. They are commonly used in industrial settings, such as manufacturing plants and warehouses, where fires can quickly spread and cause significant damage.

Fixed Fire Suppression Systems: Fixed fire suppression systems are designed to automatically detect and extinguish fires in specific areas, such as server rooms, kitchens, or electrical cabinets. These systems typically use a combination of fire extinguishers, sprinklers, and other fire suppression technologies.

Global Fire Extinguishers Market Analysis by Product Type:

On the basis of product type, the global fire extinguishers market is segmented into ABC powder, carbon dioxide, wet chemical, water mist, foam, and clean agent fire extinguishers. The dry chemical fire extinguisher segment is expected to hold the largest share of the market due to its wide use in various settings, including residential and commercial buildings, industrial settings, and transportation. The foam fire extinguisher segment is also expected to see significant growth due to its effectiveness in extinguishing fires in Class A and B settings.

Dry Chemical: This type of fire extinguisher is the most common type and is effective for extinguishing Class A, B, and C fires. It uses a dry chemical powder to extinguish fires by interrupting the chemical reaction of the fire.

Foam: Foam fire extinguishers are ideal for use in Class A and B fires. The foam forms a blanket over the fire, smothering it and preventing oxygen from reaching the fuel source.

Carbon Dioxide: Carbon dioxide fire extinguishers are effective for use in Class B and C fires. The carbon dioxide gas displaces the oxygen in the air, suffocating the fire.

Water: Water fire extinguishers are suitable for Class A fires, but not for use in electrical fires. They work by cooling the fuel source and preventing the fire from spreading.

Wet Chemical: Wet chemical fire extinguishers are designed for use in Class F fires, which involve cooking oils and fats. They work by creating a barrier between the fuel source and oxygen, preventing the fire from spreading.

The fire extinguishers market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• Portable Fire Extinguishers
• Wheeled Fire Extinguishers
• Automatic Fire Extinguishers
• Fixed Fire Suppression Systems

By Product Type:

• ABC Powder Fire Extinguisher
• Carbon Dioxide Fire Extinguisher
• Wet Chemical Fire Extinguisher
• Water Mist Fire Extinguisher
• Foam Fire Extinguisher
• Clean Agent Fire Extinguisher

By Class:

• Class A (ordinary combustibles)
• Class B (flammable liquids)
• Class C (electrically energized fires)
• Class D (flammable metals)
• Others

By End-Use:

• Residential
• Industrial
• Commercial

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the fire extinguishers market report comprises dedicated sections centering on the regional market revenue and trends. The fire extinguishers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The fire extinguishers market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Fire extinguishers market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global fire extinguishers market are Kidde, ACTIVAR INC., AMEREX CORPORATION, BRITANNIA FIRE LTD., Ceasefire Industries Pvt. Ltd., and DESAUTEL SAS. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. The new product launches demonstrate the industry’s focus on developing more efficient, eco-friendly, and technologically advanced fire extinguishers for various settings. There have been several new product launches in the fire extinguishers market. Some of them are:

Amerex Halotron I Fire Extinguisher: This is a new type of fire extinguisher that uses a clean agent, Halotron I, which is designed to be eco-friendly and non-toxic. The extinguisher is also designed to be non-conductive, making it safe for use in areas with sensitive electrical equipment.

Ansul Sentry CO2 Fire Extinguisher launched in 2020: This new CO2 fire extinguisher from Ansul is designed for use in industrial and commercial settings. It has a high discharge rate and is capable of extinguishing fires quickly and efficiently.

Kidde Pro Series Fire Extinguishers: The new Pro Series fire extinguishers from Kidde are designed for use in residential and commercial settings. They come in several different sizes and are equipped with features such as easy-to-read pressure gauges and corrosion-resistant metal valves.

Several companies have launched smart fire extinguishers that are equipped with sensors and can detect smoke, heat, and flames. These smart extinguishers can send alerts to a mobile device, notifying the user of a potential fire. Furthermore, there has been a growing demand for eco-friendly fire extinguishers, which are designed to minimize the environmental impact of the chemicals used in extinguishing fires. Some companies have launched fire extinguishers that use bio-degradable or non-toxic agents, such as foam or water.

Key Companies:

• Kidde
• ACTIVAR INC.
• AMEREX CORPORATION
• BRITANNIA FIRE LTD
• Ceasefire Industries Pvt. Ltd.
• DESAUTEL SAS
• FEUERSCHUTZ JOCKEL GmbH & CO. KG
• FIKE CORPORATION
• FLAMESTOP AUSTRALIA PTY. LTD.
• HATSUTA SEISAKUSHO CO., LTD.
• Jactone Products Limited
• NAFFCO FZCO

Key Questions Answered by Fire Extinguishers Market Report

• Global fire extinguishers market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Fire extinguishers submarket forecasts from 2023-2030 covering the market by type, product type, class, end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level fire extinguishers markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market