Lucintel Forecasts Fire Extinguisher Market to Reach $6.2 Billion by 2026
- August 16th, 2021
- 513 views
Dallas, TX / CRWE PRESS RELEASE / Aug. 16, 2021 - According to the recent study the fire extinguisher market is projected to reach an estimated $6.2 billion by 2026 from $4.7 billion in 2020, at a CAGR of 4.7% from 2020 to 2026. Growth in this market is primarily driven by increasing fire incidents, stringent fire safety norms, and growth in the construction industry.
Browse 90 figures / charts and 66 tables in this 170 -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), end use industry (industrial, commercial, transportation, forest, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/fire-extinguisher-market.aspx
“Dry chemical and powder market is expected to remain the largest segment during the forecast period.”
Based on product type, the fire extinguisher market is segmented into dry chemical and powder, foam based, water based, CO2, and others. Lucintel forecasts that the dry chemical and powder market is expected to remain the largest segment during the forecast period as these extinguishers are suitable for Class A, B, and C fire type.
“Within the fire extinguisher market, the industrial segment is expected to remain the largest end use industry”
Based on end use industry, the industrial segment is expected to witness the largest end use industry during the forecast period due to rapid industrialization in emerging economies, increasing demand of fire extinguishers in oil & gas, mining, and chemical industries, and stringent in fire safety regulation.
“Asia pacific will dominate the fire extinguisher market in near future”
Asia Pacific is expected to be the largest region with the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and government regulation toward 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, and 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 firstname.lastname@example.org
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