Global Fire Extinguishers Market By Type (Water Fire Extinguisher, CO2 Fire Extinguisher, Powder Fire Extinguisher, Foam Fire Extinguisher), By Product Type (Portable, and trolley mounted), By Types of Fires (Class A, Class B, Class C, Class D, Class E, and Class F), By End-Users, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

In 2022, the Global Fire Extinguishers Market was valued at USD 4.5 Billion, and is expected to reach USD 7.8 Billion in 2032 from 2023 to 2032, this market is estimated to register a CAGR of 5.6%.

A fire extinguisher is a device that is used to extinguish small fires by applying a substance on the burning material that cools it, extracts oxygen from the flame, or affects its chemical reactions. It can easily move from one place to another, which means that fire extinguishers are portable or movable.

The two primary functions of water are to absorb heat when converted to steam and to push air away from the flame when steam is used to extinguish a fire. As a result, many fire extinguishers are small tanks with manual pumps or compressed gas sources to drive water through the nozzle.

Water may also contain a wetting agent to increase its effectiveness against fires in furniture and additives to create a stable foam to act as an oxygen-busting barrier or an anti-freeze. Fire extinguishers are used in various places. They are used to snuff out a fire and create a cover around the burning area of an object or material to cool it and prevent it from spreading to other areas.

The market is growing because of the increasing demand for class C fire extinguishers for electrical parts and chemical or flammable liquid fires, which happen in both residential and commercial settings because of the constant ignition of fires due to power.

Key Factors

• In 2022, the Global Fire Extinguishers Market was valued at US$ 4.5 Billion, and from 2023 to 2032.
• In 2022, powder extinguishers accounted for the market share of 2%.
• The portable type of fire extinguishers market accounted for the majority of the market share. In 2022, the portable type held 65% of the global market.
• Class C fire type accounted for the market share of 4% among other fire types.
• Fire Departments and Emergency Services accounted for the largest market share in 2022.
• APAC accounted for the largest market share, with a share of 38.2%.
• Structure fires make up 20% of calls to municipal fire departments and are the cause of 49% of all fire-related deaths, according to the National Fire Protection Association.
• Cooking is the number one cause of residential building fires in the US, accounting for more than 380,000 of them. About a third of these fires are caused by cooking, while the rest are caused by heating or an electrical device going out. (US Fire Administration)
• According to the United States Fire Administration, 41% of all fires reported in the U.S. are classified as outdoor fires. 34% of reported fires involve a residential structure. 14.5 percent of fire incidents involve a vehicle.

 Actual Numbers Might Vary in the final report

Market Scope

Type Analysis

Dry Chemical Extinguishers Accounted For The Largest Market Share Owing To Increasing Demand From Several End Users.

The fire extinguishers market is segmented based on metal type into water fire extinguishers, CO2 fire extinguishers, powder fire extinguishers, foam fire extinguishers, and other types of fire extinguishers. Among these, powder fire extinguishers held the majority of the revenue share. In 2022, powder extinguishers accounted for the market share of 37.2%.

Dry chemical extinguishers are the most rapidly expanding segment of the worldwide fire extinguisher market, owing to their capacity to control a wide variety of flames, thus positioning them as a preferred choice among consumers in the future. The purpose of dry chemical extinguishers is to effectively extinguish fires by depositing a thin dust layer over the fuel, thus preventing it from interacting with oxygen present in the environment.

These extinguishers put out fires because the chemical reaction that causes the fire is stopped by the powder. There are several places where dry chemical extinguishers can be found. They will be found in the open hallways of new construction buildings, offices, university vehicles, laboratory equipment, mechanical rooms, break rooms, chemical storage rooms, and others.

They can also be found in commercial kitchens and in areas where combustible liquids are present. Class B and Class C powder fire extinguishers can be used in commercial kitchens.

Product Type Analysis

Portable Fire Extinguishers Are Preferred More Because Of Their Several Advantages.

The market is segmented into portable and trolley-mounted by product types. Among these, the portable type of fire extinguishers market accounted for the majority of the market share. In 2022, the portable type held 65% of the global market. Due to their versatility, user-friendliness, and broad applicability. Portable fire extinguishers are easily transported to different areas of a building or facility because of their mobility.

In emergencies, users have immediate access to their firefighting tool, allowing them to respond quickly and effectively. Portable fire extinguisher models come in various sizes and types, depending on the fire hazard. Users can select from Class A, Class B, Class C, or a combination of these fire hazards.

This versatility allows users to use their portable fire extinguishers across multiple settings, including homes, schools, offices, and industrial settings. Furthermore, portable fire extinguishers are relatively not more expensive to install and maintain, making them the preferred choice for fire safety.

Fire Type Analysis

The Increasing Demand For Class C Extinguishers Type Is Due To Increasing Fire Incidents All Over The World.

Based on Fire Type, the market is further divided into Class A, Class B, Class C, Class D, Class E, and Class F. Among these, Class C accounted for the largest market share in 2022. Class C fire type accounted for the market share of 40.4% among other fire types.

The growth of the segment is driven by the growing need for class C extinguishers for electrically powered components and chemical or combustible liquid fires that can be caused in both commercial and residential settings due to the continuous ignition of fires caused by power. Additionally, the increasing number of fire incidents worldwide is contributing to the growth of the segment.

Class B is another fastest-growing segment; the growth of the segment is driven by the use of Class B fire extinguishers, which are used to fight fires when they consist of flammable or combustible liquids. Companies all over the world have strict safety rules and regulations that need to be followed to protect people and property in the event of a fire.

These regulations require different types of fire extinguishers, like Class B, to be used in the building, which is driving the growth of the segment over the next few years.

By End User Analysis

The Increased Incidence Of Fire Led To Increased Demand For Fire Departments And Emergency Services

Based on end-user type, the market is further divided into fire departments and emergency services, manufacturing and chemical industries, construction and real estate, oil and gas facilities, and transportation. Among these types of segments, Fire Departments and Emergency Services accounted for the largest market share in 2022.

An increasing number of fire incidents led to an increased demand for this segment type. In an emergency incident, a fire extinguisher is the best tool for firefighting.

Key Market Segments

By Type

• Water Fire Extinguisher
• CO2 Fire Extinguisher
• Powder Fire Extinguisher
• Foam Fire Extinguisher
• Other Types of Fire Extinguishers

By Product Type

• Portable
• Trolley mounted

By Types of Fires

• Class A
• Class B
• Class C
• Class D
• Class E
• Class F

By End-Users

• Fire Departments and Emergency Services
• Manufacturing and Chemical Industries
• Construction and Real Estate
• Oil and Gas Facilities
• Transportation

Drivers

Fire Safety Consciousness Drives the Market Forward

There’s a growing awareness of fire safety, and there’s also a growing need for fire extinguishing solutions. People are more concerned about fire safety than ever, and the demand for effective firefighting solutions has grown exponentially. Dry chemical fire extinguishers help reduce the risk of fire emergencies.

The Growing Adoption Of Advanced Fire Extinguishing Technologies Is Also Propelling The Market Growth.

Fire extinguisher technology has advanced drastically in terms of material, design composition, and the use of fire suppression agents. This has resulted in a more efficient and effective fire-extinguishing solution. Additionally, the development of fire extinguishers has improved their user-friendliness, ease of maintenance, and environmental friendliness, thus supporting the growth of the market for fire extinguishers. These are the several growth factors in the fire extinguisher market.

Restraints

High Cost of Raw Material

The primary restrain to the growth of the industry is the high cost of raw materials. Additionally, the increasing demand for fire extinguishing systems from various manufacturing sectors and commercial buildings may impede the growth of the sector. The availability of raw materials impacts price, and due to this, the growth of the market is hindered. Reduction in the supply of raw materials hamper the production of products and can cause a cut down in supply. Because of these reasons, the growth of this market is hindered.

Opportunity

Growing awareness among consumers regarding personal safety and property protection in an emergency is Increasing the demand.

The prevalence of government mandates that necessitate the installation of mobile fire extinguishers is likely to continue to stimulate the market. In general, the increased concern for personal security and the safeguarding of property in the event of an emergency will contribute to the expansion of the Portable Fire Extinguisher Market.

The demand is driven by increased consumer awareness of personal safety and the importance of property protection in the event of an emergency. According to the NFPA, in 2020, fire-related incidents in the United States caused property damage of USD 21.9 billion and killed 3,500 individuals. The use of fire extinguishers is essential for the protection of property and infrastructure following a fire incident.

FETA and IFEDA evaluated the efficacy of portable fire extinguishers in over 2100 fire incidents in the United Kingdom. The results revealed that 80% of extinguishers extinguished the fire, and 75% of extinguishers were not required to be attended to by the fire department. These are the several reasons that act as opportunities for this market.

Trends

Eco-Friendly Extinguishers

Eco-friendly extinguishers are fire extinguishers that use environmentally friendly materials and methods to extinguish fires. They are designed to reduce fire extinguisher damage to human health, the environment, the ozone layer, global warming, toxicity, and pollution. Eco-labels can also help with waste management and disposal as they do not require any special handling or treatment.

Eco-friendly extinguisher doesn’t cause any environmental damage to the environment, fire personnel, or fire victims. It reduces the rate of water penetration, extinguishes the fire more quickly, uses less water, and reduces water damage and water supply requirements. These are the several reasons for the growth of these fire extinguishers.

2023 Recession Analysis

Recession always has a major effect on markets, and fire extinguisher markets are no exception. The impact of a recession causes businesses and individuals to cut back on their spending, which can lead to a decrease in demand. Due to this, the market for fire extinguisher products is considered recession-proof.

Fire safety is a top priority for both businesses and individuals, Regardless of the prevailing economic conditions; during the pandemic, there was an increase in demand for extinguishers as people became more aware of the dangers of fire in public places. While a recession can have some effect on fire extinguisher products, it is not expected to have a significant effect on the overall growth of the market.

Regional Analysis

Asia-Pacific Region Accounted Significant Share of the Global Fire Extinguishers Market

In 2022, Asia Pacific accounted for the largest proportion of the total revenue, with a maximum share of over 38.2%. This region is projected to continue to grow at a rapid rate over the forecast horizon. The growth of the regional market is largely attributed to the urge for large-scale infrastructure in emerging economies, including India and China, as well as the acceleration of industrial and commercial growth in the region.

Furthermore, the growth of reconstruction activities and the implementation of fire safety codes by governments, including Japan’s Fire Services Law, China’s Code of Design, and Building Standards Law, are contributing to the increasing demand for products in the region.

Key Regions and Countries

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

Industry Leaders Stay Ahead Of The Competition By Putting Effort Into Growing Their Product Portfolio Through Different Tactics.

The key players in the industry are increasingly emphasizing product innovation. Increased competition between the players is resulting in the development of compact and portable fire extinguishers. Several regional manufacturers have developed throw-able fire extinguishers specifically designed for domestic use.

Market Key Players

The Fire Extinguisher market is dominated by a few big players globally. New players entering the market face stiff competition from the existing market leaders, especially those with well-established brands and large distribution channels. Most of these big players are either based in Asia or have a strong presence in the Asia-Pacific region because of the country’s wide range of fire extinguisher products.

Companies have adopted a range of growth strategies, alliances, and research technology innovations to stay ahead of the competition.

• Amerex Corporation
• BRK Electronics
• Minimax GmbH & Co. KG
• Nationwide Fire Extinguishers
• Ansul
• Badger fire extinguisher
• Kidde
• First alert
• Rusoh, Inc
• Kanexfire
• United Technologies Corporation
• JL Industries, Ceasefire Industries Pvt. Ltd.
• Feuerschutz Jockel GmbH & Co. KG
• Tyco Fire Protection Fire Types
• Desautel
• Britannia Fire Ltd.
• Ceasefire Industries Pvt. Ltd.
• Schmitz
• Honeywell
• Tianguang
• Shanghai Jindun
• Jinquiangyu
• Other Key players

Recent Development

• In July 2023, FireWise, a hands-on fire extinguisher safety training, a VR learning application for fire extinguisher training and emergency response, will be available. FireWise is part of the Learning Network, a cutting-edge learning solutions partner that is part of the Pluribus Technologies family.
• In June 2023, Fike Fire Monitors Blue Springs, Missouri-based Fike Corp., a leading global manufacturer and provider of fire protection systems, unveiled its newest fire suppression solution. These automated water cannons can quickly extinguish hard-to-evident fires, often within 15 seconds of being spotted.

Report Scope