Fire Extinguisher Market Size - By Product Type (Portable, Fixed systems), By Extinguishing Agent (Dry chemical, Foam, Carbon dioxide, Dry powder, Water, Wet chemical), Class of Fire, Application, Distribution Channel, Capacity & Forecast, 2024 – 2032

Fire Extinguisher Market Size - By Product Type (Portable, Fixed systems), By Extinguishing Agent (Dry chemical, Foam, Carbon dioxide, Dry powder, Water, Wet chemical), Class of Fire, Application, Distribution Channel, Capacity & Forecast, 2024 – 2032

Fire Extinguisher Market Size

Fire Extinguisher Market was valued at USD 10 billion in 2023 and is projected to witness more than 4.2% CAGR between 2024 and 2032. Stringent safety regulations and building codes mandate the presence of fire extinguishers in commercial, industrial, and residential settings. Compliance with these regulations drives the demand for fire extinguishers. Ongoing construction activities and infrastructure development projects contribute to the demand for fire safety equipment, including fire extinguishers. New buildings and facilities require fire protection measures, driving market growth.

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The growth in residential construction and the increasing awareness of home safety drive the demand for portable fire extinguishers for household use. Homeowners are increasingly recognizing the importance of having fire extinguishers on hand. The expansion of manufacturing and industrial facilities increases the need for fire protection measures. Fire extinguishers are essential for controlling and extinguishing fires in manufacturing plants, warehouses, and industrial complexes. Hospitals, clinics, and healthcare facilities have specific fire safety requirements. The healthcare sector's growth and the need for patient and staff safety contribute to the demand for fire extinguishers in these settings.
 

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The industry is heavily regulated, and changes in safety standards and regulations can pose challenges for manufacturers and users. Adapting to new compliance requirements may require investments in research, development, and product redesign. Fluctuations in raw material costs, such as metals and extinguishing agents, can impact manufacturing costs. Companies may face challenges in maintaining profitability if raw material prices rise significantly.

Fire Extinguisher Market Trends

Growing emphasis on environmentally friendly extinguishing agents to replace traditional chemicals with lower environmental impact. Manufacturers are developing alternatives to address concerns about ozone depletion and greenhouse gas emissions. Advances in materials and design to create compact and lightweight fire extinguishers, making them more portable and easier to handle. This trend is particularly relevant for residential and automotive applications. Increased adoption of automatic fire suppression systems in commercial and industrial settings. These systems use advanced technologies to detect and suppress fires without human intervention, complementing traditional fire extinguishers.

Improved designs for fire extinguisher cabinets, incorporating features like transparent or alarm-equipped doors for easy visibility and accessibility. Enhanced cabinets contribute to better aesthetics and compliance with safety standards. Growing popularity of fire extinguisher balls, which are spherical devices that automatically activate in the presence of flames. These can be thrown into a fire, providing an additional layer of fire suppression.
Fire Extinguisher Market Analysis

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The portable extinguishers segment was worth more than USD 7 billion in 2023. Portable fire extinguishers offer versatility and easy accessibility, making them suitable for a wide range of settings, including homes, offices, vehicles, and small businesses. Growing awareness among homeowners and vehicle owners about the importance of portable fire extinguishers for immediate response to small fires. Fixed system fire extinguishers provide continuous, automated fire protection in specific environments, such as server rooms, data centers, and critical infrastructure facilities. Adoption in settings with specific fire hazards, such as aircraft hangars, laboratories, and manufacturing plants, where fixed systems offer targeted protection.

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Based on extinguishing agent, the carbon dioxide segment held the dominant market share of around 31% in 2023. Dry chemical extinguishers are versatile and effective against multiple fire classes (A, B, and C), making them widely used in various settings. Foam extinguishers are effective against flammable liquid fires (Class B) and are commonly used in industrial facilities and chemical processing plants. Widely used for fires involving electrical equipment as CO2 is non-conductive and does not leave residue. Effective against metal fires (Class D), making them suitable for environments with metalworking processes.

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North America region captured around 19% share of the fire extinguisher market in 2023. North America has robust safety regulations and building codes that mandate the presence of fire extinguishers in various settings, including commercial, industrial, and residential buildings. Compliance with these regulations is a significant driver of demand. The growth of commercial and industrial sectors in North America increases the demand for fire protection measures. Fire extinguishers are essential components of fire safety plans in offices, factories, warehouses, and other industrial facilities. Workplace safety standards and regulations mandate the provision of fire extinguishers in commercial and industrial establishments. Adherence to these requirements is essential for ensuring the safety of employees and visitors.

Fire Extinguisher Market Share

Fire Extinguisher industry seem to be highly fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant market players collectively held around substantial 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Fire Extinguisher Market Companies

Major players operating in the fire extinguisher industry include

• Amerex Corporation
• BRK Brands, Inc.
• Britannia Fire Ltd.
• Buckeye Fire Equipment Company
• Desautel
• First Alert, Inc.
• Flamestop Australia Pty Ltd.
• Hochiki Corporation
• Johnson Controls International plc
• Kidde Fire Systems (UTC Fire & Security)
• NAFFCO - National Fire Fighting Manufacturing Company
• Minimax GmbH & Co. KG
• NOHMI BOSAI LTD.
• Tyco Fire Protection Products
• United Technologies Corporation

Fire Extinguisher Industry News

• In February 2022, Resideo Technologies acquired First Alert, a leading North American provider of home safety products including fire extinguishers. First Alert offers a comprehensive portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, and fire extinguishers and other suppression solutions.
  In August 2022, Amerex introduces the all-new SafetyNet EV gas detection system, the only technology that provides early detection of lithium-ion battery fires in commercial electric vehicle fleets. With the new Amerex system, sensors strategically placed in or around the vehicle battery compartments detect off-gases from battery cells at trace levels well ahead of a thermal runaway event. This sounds an alert, giving the driver time to find a safe place to pull over, evacuate the vehicle and contact emergency personnel.

This fire extinguisher market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments

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Market, By Product Type

• Portable
• Fixed systems

Market, By Extinguishing Agent

• Dry chemical
• Foam
• Carbondioxide
• Dry powder
• Water
• Wet chemical
• Others (Halotron, etc.)

Market, By Class of Fire

• Class A
• Class B
• Class C
• Class D
• Class K

Market, By Capacity

• Low(upto 10lbs)
• Mid (10-30 lbs)
• High (above 30lbs)

Market, By Application

• Residential
• Commercial
• Industrial

Market, By Distribution Channel

• Online
• Offline

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA