Lucintel Blog: Lucintel Forecasts Fire Extinguisher Market to Reach $6.6 Billion by 2027

Friday, September 16, 2022

Lucintel Forecasts Fire Extinguisher Market to Reach $6.6 Billion by 2027

According to the recent study the fire extinguisher market is projected to reach an estimated $6.6 billion by 2027 from $4.9 billion in 2021, at a CAGR of 5.1% from 2021 to 2027. Growth in this market is primarily driven by increasing fire incidents, stringent fire safety norms, and growth in the construction industry.

Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in fire extinguisher market by product type (dry chemical and powder, foam based, water based, CO2, and others), by end use industry (industrial, commercial, transportation, forest, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/fire-extinguisher-market.aspx

“Industrial market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the fire extinguisher market is segmented into industrial, commercial, transportation, forest, and others. Lucintel forecasts that the industrial market is expected to remain the largest segment due to rapid industrialization in emerging economies, increasing demand of fire extinguishers in oil & gas, mining, and chemical industries, and strict fire safety regulation.

“Within the fire extinguisher market, the dry chemical and powder segment is expected to remain the largest product type.”

Based on product type the dry chemical and powder segment is expected to witness the highest growth over the forecast period.

“Asia pacific will dominate the fire extinguisher market in near future.”

Asia Pacific is expected to witness the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and stringency in government regulation towards fire safety.

Download Brochure of this report by clicking on https://www.lucintel.com/fire-extinguisher-market.aspx.

Major players of fire extinguisher market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amerex, United Technology Corporation, Tyco Fire Protection Products, Britannia Fire, First Trace, Minimax, Fike Corporation, JL Industries, Ceasefire, Feuerschutz Jockel GmbH are among the major fire extinguisher providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/fire-extinguisher-market.aspx or helpdesk@lucintel.com.

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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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