Fire Extinguisher Market Revenue and Value Chain 2015-2025

Fire extinguishers are excellent tools for putting out fires and saving lives. The fire protection sector is poised for an upsurge due to rising demand for fire extinguishers. A fire extinguisher is a fire protection instrument used to extinguish or control fires, often in emergency situations. Every fire extinguisher consists of a hand-held cylindrical pressure vessel comprising an agent which can be discharged to put out fire. As people today are more concerned regarding safety, fire extinguishers have always been a requirement in every commercial and residential buildings. Fire extinguishers have been made mandatory in developed countries and similar norms are being adopted by developing countries around the world. Safety standards and norms adopted in almost every industries such as oil & gas, power and chemicals fuel the overall demand for global fire extinguishers market.


Global Fire Extinguishers Market: Drivers & Restraints

The factors that are contributing to the growth of the global fire extinguishers market are safety government and industrial norms. Increased fire safety expenditure from the industrial segment, and technological innovations in equipment and safety systems are other factors which drive the growth of global fire extinguishers market. Use of automatic and portable fire extinguisher is preferred due to its light weight and is in high demand from consumers end. Growth in infrastructure and construction industry are key drivers for global fire extinguishers market, as fire extinguishers are being made mandatory in every commercial and residential project. Rise in raw material prices and agents used in fire extinguishers is a challenge for global fire extinguishers market.

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Global Fire Extinguishers Market: Segmentation

On the basis of product type, the global fire extinguisher market is segmented into,

Multi-Purpose Dry Chemical...