Global Fire Extinguishers Market to Reach $7.1 Billion by 2026 – Yahoo Finance

Argus will discuss their 2022 forecasts on Tuesday, 12/14 at 2PM ET as the pandemic continues to challenge the markets.
SAN FRANCISCO, Dec. 8, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Fire Extinguishers – Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 17; Released: October 2021
Executive Pool: 504
Companies: 218 – Players covered include Amerex Corporation; BRK Brands, Inc.; Desautel; Gunnebo India Private Ltd.; Johnson Controls International Plc; Minimax GmbH & Co. KG; Nationwide Fire Extinguishers; Protec Fire and Security Group Ltd.; Siemens Building Technologies and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Dry Chemical & Dry Powder, Carbon Dioxide, Foam-based, Other Product Types); Portability (Portable, Trolley Mounted); End-Use (Industrial, Commercial, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Fire Extinguishers Market to Reach US$7.1 Billion by the Year 2026
Fire extinguishers are used as safety devices in homes and commercial/work places to put out or control small fires for minimizing damage until trained fire fighters arrive on site. Improving global GDP, resurgence in remodeling and renovation activity in developed economies, steady rise in new constructions in emerging markets, and stricter law enforcements are driving growth in the market. Along with their expiration date, the existence of international, national, or local building regulations, laws, and codes implies that some of the fire extinguishers must be replaced annually, which generates enough demand to ensure the industry's stability. Additional opportunities generated by the demand for fire suppression technologies and other proactive fire management systems, hold potential for the industry's growth. Although the construction industry remains the primary end-use sector for fire extinguishers, growth is forecast to improve from expanding applications in automobiles, military vehicles, and aircrafts. Growing emphasis on safety is fueling demand for automotive fire extinguishers and poised to benefit against this backdrop are small, portable and lightweight fire protection systems. The growing base of military vehicles, especially army ground combat vehicles, is forecast to benefit demand for fast-opening hand-held fire extinguishers (HFE) to safeguard against combat-induced fires.
Amid the COVID-19 crisis, the global market for Fire Extinguishers estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2026, growing at a CAGR of 7.5% over the analysis period. Dry Chemical & Dry Powder, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$5.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon Dioxide segment is readjusted to a revised 9% CAGR for the next 7-year period. This segment currently accounts for a 14% share of the global Fire Extinguishers market. Dry chemical based fire extinguishers put out fire mainly by disrupting the fire triangle's chemical reaction. These blue colored extinguishers are multi-purpose. Currently, the extensively used fire extinguisher type is the multiple use dry chemical, which is most efficient on class A, class B and class C fires. CO2 fire extinguishers, which can be deployed on Class A fires, put out fire by removing oxygen component from the fire triangle as well as eliminating the heat through an extremely cold release. These black colored fire extinguishers are ideal for electrical fires
The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Fire Extinguishers market in the U.S. is estimated at US$1.3 Billion in the year 2021. The country currently accounts for a 27.9% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 9.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR while Rest of European market (as defined in the study) will reach US$422 Million by the end of the analysis period. Market growth is primarily led by change in standard building codes and mandating necessary deployment of fire extinguishers coupled with strong construction sector in developing markets such as Asia-Pacific, Latin America, Middle East and Eastern European markets. Both China and India have been investing significantly in expanding their infrastructure in order to gain competitive advantage and support burgeoning economy and population. The recovery in the construction industry in the US, coupled with steady gains in construction spending in developing countries including BRICs and CIVETs, is expected to drive the demand for fire extinguishers in the next few years.
Foam-based Segment to Reach $658.5 Million by 2026
Foam-Based and Water-Based Extinguishers put out fire by eliminating the heat component from the fire triangle, while foam agents remove oxygen component from additional components. Foam extinguishers are expensive, and suitable for diverse use except for Class C fires due to shock risk. There are Aqueous Film Forming Foam (AFFF) based and Alcohol Resistant Aqueous Film Forming Foam (ARAFFF) based extinguishers, known as Class A and B fire extinguishers for fighting chemical fires, which involve alcohol. In the global Foam-based segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$355 Million in the year 2020 will reach a projected size of US$559.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$94.6 Million by the year 2026, while Latin America will expand at a 7.9% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
Info411@strategyr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-fire-extinguishers-market-to-reach-7-1-billion-by-2026–301438921.html
SOURCE Global Industry Analysts, Inc.
It was recently announced that Michigan drivers are getting some money back, but why?
Yahoo Finance Live anchors Zack Guzman and Akiko Fujita look at EV developer Lucid Group's plunge amid sell-offs of convertible senior notes and an SEC subpoena over its SPAC deal.
Many growth stocks fell on Thursday, as investors rotated out of premium-priced companies. By the close of trading, shares of Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Unity Software (NYSE: U) were down 4%, 5%, and 9%, respectively. A tight labor market could lead to higher wages, which could, in turn, stoke inflation.
The Wall Street giant sees plenty of stocks worth buying at their current prices.
Nubank CEO David Vélez joins Yahoo Finance Live to talk about his company's IPO listing, its global growth outlook, and its ability to develop a customer base in Brazil.
The new market rally is getting its first test as Tesla led a growth sell-off. A key inflation report is on tap.
Shares of fintech giant Square (NYSE: SQ), soon to be known as Block, fell as much as 5.1% on Thursday as many growth stocks lost momentum. The biggest news of the day was that U.S. unemployment claims were just 184,000 last week, the lowest since 1969. A strong labor market is good for the economy, but it could also mean things like higher inflation and the Federal Reserve trying to push interest rates higher.
A weekly look at the most important moves and news in bitcoin and Ether and what's on the near-term horizon in digital assets.
Broadcom Inc. shares rallied in the extended session Thursday after the chip and software company not only topped Wall Street estimates for the quarter but announced an aggressive program to return cash to investors.
The connected fitness company can't get growth investors to agree they should come along for the ride.
Membership retailer Costco is set to report fiscal first-quarter earnings after easing from a big advance.
In this article, we discuss the 10 best stocks to buy now according to quant billionaire Jim Simons’ Fund. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Stocks to Buy Now According to Quant Billionaire Jim Simons’ Fund. Jim Simons, the chief of New York-based Renaissance […]
The Dow Jones inched higher. Tesla stock fell as Lucid Motors cratered. The Donald Trump SPAC fell hard after recent outperformance.
Yahoo Finance's Dan Howley explains what’s next for the tech behemoth as it eyes virtual reality, the metaverse, and an Apple car.
Shares of Kinross Gold (NYSE: KGC) slumped on Thursday after the miner announced a $1.4 billion deal to acquire Great Bear Resources. In a press release sent out on Wednesday, Kinross Gold announced its intent to acquire Great Bear Resources for $1.4 billion in stock and cash at a proposed price of 29 Canadian dollars per share. The target company owns a mining complex in Ontario, Canada, and it looks like Kinross Gold management thinks it could be a top-tier deposit area.
(Bloomberg) — Intel Corp. is railing against a proposed import ban on a key chipmaking ingredient, saying the move would worsen an already-perilous shortage of semiconductors. Most Read from BloombergAnatomy of a Bad RoadThe 15 Best Beers We Drank This YearThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsFormer Oil Trader Is Now Betting on Lumber for SkyscrapersThe company is trying to dissuade the U.S. Internation
Lululemon Athletica releases its Q3 earnings, beating street estimates on both revenue and earnings per share.  
(Bloomberg) — Oracle Corp. reported better-than-expected quarterly revenue, buoyed by strong cloud sales and increased corporate demand for information technology. Shares rose about 10% in extended trading.Most Read from BloombergAnatomy of a Bad RoadThe 15 Best Beers We Drank This YearThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsFormer Oil Trader Is Now Betting on Lumber for SkyscrapersSales increased 5.7% to
General Motors is locking up another portion of its electric-vehicle supply chain. That's good news for GM investors, and even better news for stock in the partner firm.
A Colorado battery technology company that Ford and BMW have invested in raised $542.9 million by going public through a reverse merger. Louisville-based Solid Power Inc. shares appear on the Nasdaq exchange a day after the closure of its acquisition by Decarbonization Plus Acquisition Corporation III (Nasdaq: DCRC), a special purpose acquisition company, or SPAC, formed to get the battery startup publicly listed. The company’s solid-state battery technology promises to create batteries for electric vehicles that would be lighter, faster-charging and safer than existing lithium-ion batteries that use liquid electrolytes.

source


0Shares

Add a Comment

Your email address will not be published.