Global Fire Extinguisher Market was valued US$ 5.35 Bn in 2018 and is anticipated to reach approximately US$ XX Bn by 2026 at a CAGR of XX % during a forecast of 2019-2026.

Fire extinguisher is an dynamic fire safety equipment employed for extinguishing different classes of fires in emergency situations. Increase in construction activities for the development of new industrial plants, commercial centers, housing projects, and execution of stringent fire safety norms in various commercial, industrial, residential and public areas are two key factors driving the market growth. Fire insurance companies oblique their customers to install fire extinguishers for residential and commercial purposes.

Based on product Fire Extinguisher market is segmented into portable and trolley-mounted fire fighting equipment. Portable fire extinguisher is expected to grow at a higher rate due to more effective for putting out fire, also requires less response time. On the other hand trolley-mounted fire fighting equipment finds major application in large industrial plants and warehouses.

Based on Extinguishing Agent Fire Extinguisher market is segmented into Dry Chemical, Foam, Carbon Dioxide, and Others. Out of these dry chemical segment holds more than half of the market share followed by CO2 and foam segment.

Based on End Use Fire Extinguisher market is segmented into Industrial, Commercial, and Residential. Among these industrial segments constitute more than half share of market due to rapid industrialization. Residential and commercial segment are about witness growth as developing countries are investing heavily in new infrastructure.

Based on fire type fire extinguishing market is segmented into class A, class B, class C, class D, class E and class F. Different facilities will require specific extinguishers based on the types of combustible materials. Among these class A and class B leads the market which include fires involving solid materials such as wood, paper or textiles while class B includes fires involving flammable liquids such as petrol, diesel or oils.

Regionally Fire Extinguisher market is categorised into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America holds one third of the market share owing to the government regulations enacted about safety norms. Also high income countries are investing in order to bring modern improvement in the infrastructures. Asia Pacific are about emerge rapidly in a forecast period.

Keyplayer of fire extinguisher market includes Amerex Corporation, United Technologies Corporation, Minimax, Britannia Fire Ltd., First Alert Inc., JL Industries, Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG, Tyco Fire Protection Fire Type s, and Desautel.

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