The latest report by IMARC Group, titled “North America Fire Extinguisher Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights into the North America fire extinguisher market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The North America fire extinguisher market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
North America Fire Extinguisher Market Overview:
A fire extinguisher is a vital safety device designed to combat and extinguish small fires in emergency situations. It is an essential component of fire safety equipment in homes, workplaces, public buildings, and vehicles. Fire extinguishers consist of a hand-held cylindrical pressure vessel comprising an agent that can be discharged to extinguish a fire.
Fire extinguishers are categorized based on the type of fire they are designed to fight. These categories include Class A for ordinary combustibles, such as wood and paper, Class B for flammable liquids such as gasoline and oil, Class C for electrical fires, Class D for flammable metals, and Class K for cooking oils and fats typically found in commercial kitchens. The most common types of extinguishing agents include water, foam, dry chemical powder, carbon dioxide, and wet chemicals, each suitable for different kinds of fires.
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North America Fire Extinguisher Market Trends:
The increasing awareness and stringent regulations regarding fire safety in commercial, industrial, and residential sectors are driving the market in North America. As governments and regulatory bodies in North America enforce strict fire safety norms, there is a corresponding increase in demand for fire extinguishers as a primary firefighting tool. Moreover, the growth in the construction sector is supporting the market. New construction projects, whether residential, commercial, or industrial, are legally required to adhere to fire safety standards, which invariably include the installation of fire extinguishers. This escalating construction rise directly propels the market for fire extinguishers.
Additionally, there's a growing trend towards portable and lightweight fire extinguishers, which are easier to handle and use. This trend is particularly noticeable in the residential sector, where ease of use is a critical deciding factor.
Key Market Segmentation:
Market by Product:
- Portable
- Knapsack
- Wheeled
Market by Extinguishing Agent:
- Dry Chemicals
- Foam
- Carbon Dioxide
- Others
Market by Fire Type:
- Class A
- Class B
- Class C
- Others
Market by Application:
- Industrial
- Commercial
- Households
- Public Areas
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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