Market Overview: The global fire extinguisher market size reached US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2027, exhibiting at a CAGR of 5.4% during 2022-2027.
The global fire extinguishers market was $4.487 billion in 2017, with North America having the largest market share in 2017 at 29.1%. The global fire extinguishers market was estimated at US $5.3 billion in 2020 and is expected to reach US $7.8 billion by 2027 with a compound annual growth rate of 4.6% over the 2020-2027 period.
Fire Extinguisher Market Size, Share, Trends and Analysis by 2023
fire extinguisher market segmentation, by by product; figure 17. fire extinguisher market for multipurpose dry chemical, by country, 2021-2031 ($million) figure 18. fire extinguisher market for regular dry chemical, by country, 2021-2031 ($million) figure 19. fire extinguisher market for portable fire extinguisher, by country, 2021-2031 ($million)
The global fire extinguisher market is estimated to be valued around US$ 3.6 Bn in 2021, exhibiting 1.1 X increase over the previous year. Future Market Insights expects the global Industrial Fire Extinguisher market to expand at over 5.5% CAGR through 2031.
People Also Ask how big is the fire extinguisher market
What is the market size of the fire extinguishers market?
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.
Who are the key players in the fire extinguisher market?
Key players profiled in this report are Amerex Corporation, BRK Electronics, Minimax GmbH & Co. KG, Nationwide Fire Extinguishers, Ansul, Badger fire extinguisher, Kidde, First alert, Rusoh, Inc., and Kanexfire. This report provides an in-depth analysis of the fire extinguisher market to identify lucrative investment pockets.
What is a fire extinguisher?
Fire extinguishers are used for putting out fires and saving loss of property and lives. The fire extinguisher component includes a hand-held cylindrical pressure vessel containing an agent, which can be discharged to extinguish a fire.
Which are some of the leading companies manufacturing fire extinguishers?
Which are some of the leading companies manufacturing fire extinguishers? Some of the leading companies manufacturing fire extinguishers are Kidde, AMEREX CORPORATION, Hochiki Corporation, NAFFCO FZCO, DESAUTEL SAS, HATSUTA SEISAKUSHO Co.,Ltd, Yamato Protec Corporation.
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Work Shop Fire Extinguisher – Choosing the CORRECT ONE and Size? Video Answer
Reference:
https://www.usfa.fema.gov/
https://en.wikipedia.org/wiki/Fire_extinguisher