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Fire Extinguisher Market - Outline
Emergence of new technologies owing to remarkable breakthroughs in chemical and material sciences have made it possible for the players in global fire extinguisher market to leverage new materials for the manufacturing of fire extinguishers. Certain manufacturers and players in the global fire extinguisher market are introducing new types of products that do not release toxic chemicals when used. Introduction of these eco-friendly and powder or gas based fire extinguishers is expected to create lucrative opportunities in the global fire extinguisher market in coming years. Some vendors are also focused on producing lightweight, cost effective, and compact products that may propel the consumer interest in the global fire extinguisher market.
Rising momentum in the global fire extinguisher market can also be attributed to stringent regulations created by both the governments as well as insurance companies, which mandate the owners of the insured buildings to house a fire extinguisher on the premises. This has resulted in the increased demand in the global fire extinguisher market. However, presence of potent alternative products such as automated sprinkler systems and hydrant systems can negatively impact the growth of the global fire extinguisher market in coming years. On the other hand, cost effective, portable, and easy to use nature of the traditional fire extinguishers still motivates sales of the products in global fire extinguisher market.
A fire extinguisher is an active fire protection device used for extinguishing small fires, often in emergency situations such as no escape route, smoke, and explosion hazard. A fire extinguisher consists of a hand-held cylindrical pressure vessel containing an agent that can be discharged to extinguish a fire. Fire extinguishers also come with non-cylindrical pressure vessels but these are less common. In stored pressure units, the expellant and firefighting agent is stored in the same chamber. Nitrogen is used with dry chemical extinguishers, and air with water and foam extinguishers. Cartridge-operated extinguishers contain the expellant gas in a separate cartridge that is punctured prior to discharge, exposing the propellant to the extinguishing agent. These extinguishers use compressed carbon dioxide
Increasing construction activities for the development of commercial centers, new industrials plants and launch of new housing projects and implementation of strict norms related to fire safety is positively augmenting the growth of the global fire extinguishers market. In addition, innovation in sound-based firefighting technology is another factor likely to influence growth of this market in the near future.
Researchers have developed a new concept of fire extinguishing, namely Vacuum Extinguish Method. VEM is based on the 'reverse' operation of the conventional fire extinguishing procedure. It sucks the combustion products, even flame and the firing source itself, into a vacuum chamber to clean up the firing zone. This concept is beneficial for space use, as it prevents the spread of harmful combustible products throughout the enclosed cabin. It is a major development and will provide immense opportunities in the fire extinguishers market.
Proper use of fire extinguishers is generally safe but there is some risk in terms of mild respiratory, skin, or eye irritation. Use in areas with poor air flow, use with intent to harm someone, or intentional inhalation of fire extinguishers can produce serious toxicity and would require medical evaluation. Fires not only result in the loss of many precious lives and injuries to many but also inflict heavy property loss. Fire in residential buildings, especially in high rise buildings, become more complex and may result in deaths and huge property loss. Such factors restrain the market growth.
From a geographical point of view, North America is likely to dominate the global fire extinguishers market. The U.S. is the largest market for fire extinguishers due to growing construction activities in the region along with the implementation of strict fire norms, which is stimulating growth of this market.
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the fire extinguishers market are:
Fire Extinguishers Market, by Type
Fire Extinguishers Market, by Installation
Fire Extinguishers Market, by Class
Fire Extinguishers Market, by Extinguisher
Fire Extinguishers Market, by End-user
Fire Extinguishers Market, by Region
The report on the fire extinguishers market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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Fire Extinguishers Market
