Rising popularity of fire extinguishers due to growing numbers of fire causalities is expected to drive market expansion in the near future at a CAGR of 6.00% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the "Global Fire Extinguisher Market" that contains information from 2018 to 2032. The Fire Extinguisher market is estimated to register a CAGR of 6.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Fire Extinguisher Market— KIDDE, KANEXFIRE, RUSOH INC., BADGER FIRE EXTINGUISHER, MINIMAX GMBH & CO. KG ANSUL, FIRST ALERT, NATIONWIDE FIRE EXTINGUISHERS, BRK ELECTRONICS, AMEREX CORPORATION.

Market Highlights

The global Fire Extinguisher market is accounted to register a CAGR of 6.00% during the forecast period. It is estimated to reach USD 6.4 billion by 2032.

The key market drivers are the growing number of fire causalities in domestic and commercial premises and strict government rules and regulations for fire extinguishers. The high raw material cost and growing demand for fire extinguisher systems from several commercial and manufacturing sectors are restraining the market growth. Increasing consumer awareness regarding property protection and personal safety is anticipated to spur the use of Fire extinguishers, which is expected to promote the development of the global Fire Extinguisher market.

Segment Analysis

The global Fire Extinguisher market has been segmented based on product type, fire type, and end user.

On the basis of product type, the market is segmented into water, foam, wet chemical, dry powder, carbon dioxide, dry chemical, and others. The dry chemical segment held the largest market share in 2022 due to its capability to be used in class A, B, and C fires.

Based on fire type, the global Fire Extinguisher market has been segmented into class A, class B, class C, class D, and class K. The class C segment was expected to hold the largest market share in 2022 due to its power acting as a constant fire ignition source.

Based on end users, the global Fire Extinguisher market has been segmented into residential, commercial, and public areas. The retail segment was expected to hold the largest market share in 2022 due to the need for portable extinguishers.

Regional Analysis

The global Fire Extinguisher market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Fire Extinguisher market comprises Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Fire Extinguisher market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World Fire Extinguisher market comprises the Middle East, Africa, and Latin America.

The largest market share for Fire extinguishers was maintained by the North American regional sector. This increase is attributed to growing construction activities and implementing fire incidents and property damage cases. Additional factors promoting market growth include increased investor investments, government support, and the technology's viability in the area. Implementing stringent rules, the growing trend of using fire extinguishers, and the considerable presence of significant technology providers and major production companies all impact the US market.

Moreover, the European market has been persistently growing over the forecast period. The demand for Fire extinguishers is driven by rising construction work. The market expansion is supported by an growth in the deployment of fire extinguishers due to a rise in consumer preference for safety and property protection.

Additionally, due to the need for extensive infrastructure, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from the rapid growth of the commercial and industrial sectors in the region.

Furthermore, the Rest of the world's Fire Extinguisher market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the growing government initiatives, life safety codes, revised fire, and recovering oil prices. The rising hospitality industry is one of the critical factors to the market expansion.

Key Findings of the Study

• The global Fire Extinguisher market is expected to reach USD 6.4 billion by 2032, at a CAGR of 6.00% during the forecast period.


• The Asia-Pacific region was the fastest-growing global market due to increased property damage cases and fire incidents.


• Based on product type, the dry chemical segment was attributed to holding the largest market in 2022.