Fire Extinguisher Market Size was valued at USD 3.8 Billion in 2022. The Fire Extinguisher market industry is projected to grow from USD 4.02 Billion in 2023 to USD 6.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). The increasing number of fire causalities in domestic and commercial premises, strict government rules regarding the installation, and technological advancement are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for fire extinguishers is driven by rising fire causalities in household and commercial premises. The demand for fire extinguishers has increased due to people and organizations becoming more aware of the value of fire safety and the necessity of early fire suppression. Fire safety education efforts, campaigns, and training programs have greatly aided the promotion of fire extinguishers.
Additionally, the demand for fire safety equipment, particularly fire extinguishers, is rising as companies and infrastructure develop. Installation of fire protection equipment, including fire extinguishers, is required during the construction of new buildings, factories, and commercial spaces to ensure the safety of occupants and property.
Furthermore, companies are placing more emphasis on worker safety, including putting fire safety precautions in place. Fire extinguishers are considered crucial instruments to keep little fires under control and put them out before they grow into more enormous catastrophes. Fire extinguishers are essential for protecting buildings and infrastructure in a fire catastrophe. In a study on the efficiency of portable extinguishers in 2100 fire cases in the United Kingdom, the Fire Extinguishing Trades Association (FETA) and Independent Fire Engineering and Distributors Association (IFEDA) discovered that in 80% of the cases, they were successful in putting out the fire, and 75% of those cases, the fire unit was not necessary to respond. The emphasis on worker safety and adherence to safety requirements drives the demand for workplace fire extinguishers.
Rising technological advancement, the demand for lightweight extinguishers is also increasing due to government regulations requiring extinguishers to be installed in cars. Manufacturers are concentrating on making the products more portable and light to meet the rising demand for portable extinguishers. Product adoption is rising as more portable and lightweight extinguishers, including fireballs, become available. As a result, it is anticipated that demand for fire extinguishers will increase throughout the projection period due to the rising requirement for safety and protection in commercial and household premises. Thus driving the Fire Extinguisher market revenue.
The Fire Extinguisher market segmentation, based on type, includes water, Foam, wet chemical, dry powder, carbon dioxide, and dry chemical. The dry chemical segment dominated the market, accounting for the maximum market revenue. The demand for dry chemicals among consumers is quite popular due to their ability to be used on class A, B, and C fires. Additionally, the segment is projected to grow due to the comparatively low pricing and high adaptability.
The Fire Extinguisher market segmentation, based on fire type, includes class A, class B, class C, class D, and class K. The class C category generated the most income. Power acting as a constant source of fire ignition is driving the category expansion, driving the rising need for class C fire extinguishers for energized electrical components, chemicals, or flammable liquid fires that can occur in commercial and residential settings. Additionally, the segment expansion is aided by the rise in fire incidents worldwide.
The Fire Extinguisher market segmentation, based on end users, includes residential, commercial, public areas, and others. The commercial category generated the most income. The need for portable extinguishers is rising due to stringent government fire safety laws and commercial, industrial, and public space regulations. Additionally, increasing investment in the development of commercial areas around the world is hastening the segment's expansion.
Figure 1: Fire Extinguisher Market, by End User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Fire Extinguisher market area will dominate this market, owing to a rise in the number of fire incidents and property damage cases. In addition, the growing construction activities and the implementation of strict fire rules and regulations will boost market growth in this region.
Further, the significant countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FIRE EXTINGUISHER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Fire Extinguisher market accounts for the second-largest market share due to growing construction work. Further, the German Fire Extinguisher market held the largest market share, and the UK Fire Extinguisher market was the fastest-growing market in the European region.
The Asia-Pacific Fire Extinguisher Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the need for large infrastructures in developing economies. Moreover, China's Fire Extinguisher market held the largest market share, and the Indian Fire Extinguisher market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Fire Extinguisher market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Fire Extinguisher industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is a critical business tactic manufacturers use in the Fire Extinguisher industry to benefit clients and increase the market sector. In recent years, the Fire Extinguisher industry has offered some of the most significant advantages to commercial and household. Major players in the Fire Extinguisher market, including KIDDE, KANEXFIRE, RUSOH, INC., BADGER FIRE EXTINGUISHER, MINIMAX GMBH & CO. KG, ANSUL, FIRST ALERT, NATIONWIDE FIRE EXTINGUISHERS, BRK ELECTRONICS, AMEREX CORPORATION, and others, are attempting to increase market demand by investing in research and development operations.
Fike is the trusted authority for rupture disc technologies, explosion protection, fire alarm systems, and fire suppression solutions. In its opinion, every employee who comes in contact with a company's products is a stakeholder charged with keeping secure whatever is most in danger for the businesses and organizations Fike supports. Fike, a 1945-founded company headquartered in Blue Springs, Missouri, has developed into a Fortune supplier with a reputation for quality and innovation. For organizations worldwide that seek peace of mind from suffering the effects of significant financial loss or cyber-attacks, its highly educated workforce creates and constructs precision-engineered solutions and offers an individualized customer support experience. Fike has production facilities in the United States, Belgium, Wales, Canada, and India, in addition to having sales and service offices all over the Americas, including in the Middle East, Europe, Asia, and Latin America. The Fike values include "To eradicate catastrophic loss of life and property for businesses ly." Fike's unrivaled product performance, custom-engineered solutions, continual product development, and on-site consulting are just a few examples of how Fike consistently upholds its goal. In June 2023, Fike Corp., a prominent manufacturer and supplier of fire protection systems with headquarters in Blue Springs, Missouri, released its most recent fire suppression solution. These automated water cannons can put out fires that are difficult to identify quickly, frequently within 15 seconds of being discovered.
Ceasefire is India's most reputable fire safety brand, a rapidly growing conglomerate. The company is among the rarest worldwide to have such a comprehensive product portfolio as part of one eco-system thanks to its ly approved, holistically integrated range of firefighting products. The company is a leading producer of a 360-degree integrated product line that includes a full line of fire extinguishers with the broadest variety of extinguishing agents, special application extinguishers, highly advanced in-panel suppression systems, total flooding systems, greenest technologies, including inert gas-based suppression systems, revolutionary water mist-based suppression systems, and a wide variety of water mist and wet chemical-based kitchen fire suppression systems. In August 2022, Ceasefire Industries Pvt. Ltd. launched an innovative series of residence extinguishers with a compact point-and-shoot layout.
Key Companies in the Fire Extinguisher market include
Fire Extinguisher Industry Developments
July 2023: FireWise, a virtual reality learning program for emergency response and hands-on fire extinguisher safety instruction, will be accessible starting. A leading provider of learning solutions and a member of the Plurbius Technologies family, FireWise is a part of the Learning Network.
September 2022: Activar Construction Products Group, Inc. announced the opening a new warehouse in Salt Lake City. The company will offer local distribution to another significant US urban area by introducing its eleventh site.
June 2021: Summit Fire & Summit Fire Protection, two of the company's subsidiaries, recently finished ten strategic acquisitions; according to an announcement from SFP Holding, Inc., fire protection, life safety, and security systems, Summit Companies offers inspection, testing and monitoring, service and repair, installation, and consultation services.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.8 Billion |
| Market Size 2023 | USD 4.02 Billion |
| Market Size 2032 | USD 6.4 Billion |
| Compound Annual Growth Rate (CAGR) | 6.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Fire Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | KIDDE, KANEXFIRE, RUSOH, INC., BADGER FIRE EXTINGUISHER, MINIMAX GMBH & CO. KG, ANSUL, FIRST ALERT, NATIONWIDE FIRE EXTINGUISHERS, BRK ELECTRONICS, AMEREX CORPORATION |
| Key Market Opportunities | · Rising awareness among consumers regarding personal safety and property protection |
| Key Market Dynamics | · Increase in fire causalities · Strict government rules and regulations |
Frequently Asked Questions (FAQ) :
The Fire Extinguisher market size was valued at USD 3.8 Billion in 2022.
The market is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are KIDDE, KANEXFIRE, RUSOH, INC., BADGER FIRE EXTINGUISHER, MINIMAX GMBH & CO. KG, ANSUL, FIRST ALERT, NATIONWIDE FIRE EXTINGUISHERS, BRK ELECTRONICS, AMEREX CORPORTAION.
The dry chemical category dominated the market in 2022.
The class c had the largest share of the market.
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