Bharat Book Bureau Provides the Trending Market Research Report on “Global Fire Extinguisher Market Report and Forecast 2021-2026 “ under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
According to Expert Market Report’s latest report, Fire Extinguisher Market Report and Forecast 2021-2026’, the global fire extinguisher market attained a value of USD 4.27 billion in 2020. Aided by the development of advanced and innovative fire extinguishers, the market is projected to further grow at a CAGR of 5.4% between 2021 and 2026 to reach a value of USD 5.93 billion by 2026.
A fire extinguisher is an equipment that is utilised to manage and extinguish fires as an emergency response. It contains an extinguishing agent, which can effectively extinguish small fires when discharged. Diverse types of fire extinguishers are available that are used for different classes of fires for domestic and industrial uses. Fire extinguishers are helpful in controlling small fires and preventing collateral damage. As uncontrolled fire can result in carbon and greenhouse gases emission, fire extinguishers are used to minimise the spread of pollutants. The use of the right fire-extinguisher can protect lives and prevent property damage. Hence, it is increasingly used in domestic and industrial sectors, which are contributing significantly to the market growth for fire extinguisher.
The development of fire extinguisher that can use low-frequency sound waves to extinguish the flames in small fires is expected to invigorate the market growth. The use of green liquids in fire extinguisher to suppress the fire, cool the surface, and prevent the reignition of fire is also anticipated to propel the industry growth. The trend of self-activating extinguishers is further augmenting the growth of the fire extinguisher industry. Moreover, the rising demand for aesthetic and environmentally friendly extinguishers is aiding the market growth. The increasing use of foam as an extinguishing agent owing to its effectiveness for high-hazard flammable fires is further fuelling the industry growth. In addition, the development of fluorine free foams that do not release harmful chemicals is expected to aid the growth of the fire extinguisher industry in the forecast period. Moreover, technological advancements and innovations are enabling the development of small and portable fire extinguishers that can be effectively deployed to reduce response time between alarms and firefighting. This is providing further impetus to the market growth.
The market report by Expert Market Research analyses the market based on segmentations such as product, extinguishing agent, fire, application, and major region.
Market Breakup by Product
Market Division by Extinguishing Agent
•Dry Chemical (Powder)
Market Segmentation by Fire
Market Classification by Application
Market Breakup by Region
•Middle East and Africa
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
•The Desautel Group
•Britannia Fire Ltd.
•BRK Brands, Inc.
•Ceasefire Industries Pvt. Ltd.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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