Global Dry Chemical Extinguishers Market- Description
Dry chemical fire extinguishers are one of the most widely used type of fire extinguisher. These extinguishers work by releasing powdered chemicals that mainly cool a burning object and react with its fuel source, smothering it.
The major types of dry chemicals are monoammonium phosphate (MAP) and potassium bicarbonate or baking soda that are used to control temperature rise because of the oxidation reactions in metal fires.
Global Dry Chemical Extinguishers Market- Overview
The Global Dry Chemical Extinguishers Market is valued at 2.23 billion in 2022 and is projected to reach a value of USD 3.05 billion in 2030 expanding at a CAGR of 4% over the forecast period of 2022-2030.
The fire extinguishers are used for putting out fires and also for saving loss of property and lives.
The fire extinguisher component mainly includes a hand-held cylindrical pressure vessel that contains an agent that can be discharged to extinguish a fire.
The rising number of fire fatalities in homes and businesses across the globe acts as one of the major factors that has fuelled the growth of fire extinguishers market.
Also, the introduction of stringent safety norms by government in order to prevent any unexpected incident on account of fire outbreaks, and rise in construction of commercial spaces have also accelerated the market growth.
Global Dry Chemical Extinguishers Market-Key Market Trends
Increasing focus on safety and security in industries
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the increasing focus on safety as well as security in industries. Also, the increasing demand for industrial applications across emerging economies, and the increased installation of automated sprinkler systems across buildings have accelerated the market growth over the forecast period.
To provide protection against electrical fires related to power sources
Another major factor that has fuelled the market growth over the forecast period is to provide protection against electrical fires related to power sources. The power sources include, transformers and generators around home and commercial establishments. Also, the increase in food expenditure, change in lifestyle, surge in the disposable income of people and growing awareness have boosted the market growth over the forecast period.
Global Dry Chemical Extinguishers Market- Segmental Analysis of the Market
Based on Type
Portable type
Cart Type
The portable type segment has dominated the market growth over the forecast period. This is because it can be carried by an individual person to the place where they are needed and used there for fighting fires. Also, the portable Fire Extinguishers usually come in cylinders that have a hose at one end that sprays water mist, foam, or dry chemical powder onto the fuel source.
Based on Application
Industrial
Commercial
Residential
The commercial segment has dominated the market growth over the forecast period. This is because the fire extinguishers are proven to be a cost-effective solution for both large and small businesses.
Global Dry Chemical Extinguishers Market- Geographical analysis of the market
The Global Dry Chemical Extinguishers Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America has dominated the market growth over the forecast period. This is because of the advanced penetration into this region and a better awareness of fire extinguishers in this region. Also, there are significant investments being made by various manufacturers in different countries that will also drive regional sales over time.
Global Dry Chemical Extinguishers Market- Competitive Landscape
Some of the prominent companies operating in the market are BRK Brands, Inc, Amerex Corporation, Nationwide Fire Extinguishers, Johnson Controls, Ansul, Carrier, Rusoh, Inc, Kidde, BRK Brands, Inc, Kanexfire, United Technology Corporation, Ceasefire Industries Pvt Ltd, Jocket, Tyco Fire Protection Products, DESAUTEL, Britannia Fire Ltd, Ceasefire Industries Pvt.Ltd, Schmitz Cargobull, Honeywell Industries Inc, and Shanghai Jindun Fire Fighting Security Equipemnt Co,Ltd., among others.
Report Scope
Global Dry Chemical Extinguishers Market: Historical Period- 2018-2021
Global Dry Chemical Extinguishers Market: Industry and Forecast Period- 2022-2030
Global Dry Chemical Extinguishers Market 2022- USD 2.23 billion
Global Dry Chemical Extinguishers Market 2030- USD 3.05 billion
Global Dry Chemical Extinguishers Market CAGR- 4%
Major Segments Covered
Type (Portable type, cart type)
Application (industrial, commercial, residential)
Key Countries and Regions Covered
North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Top companies profiled- BRK Brands, Inc, Amerex Corporation, Nationwide Fire Extinguishers, Johnson Controls, Ansul, Carrier, Rusoh, Inc, Kidde, BRK Brands, Inc, Kanexfire, United Technology Corporation, Ceasefire Industries Pvt Ltd, Jocket, Tyco Fire Protection Products, DESAUTEL, Britannia Fire Ltd, Ceasefire Industries Pvt.Ltd, Schmitz Cargobull, Honeywell Industries Inc., and Shanghai Jindun Fire Fighting Security Equipemnt Co,Ltd., among others.
