Mandatory regulations imposed by the government for installation of fire extinguishers in commercial as well as public areas are one of the primary growth determinants of the fire extinguisher market. Upsurge in housing and infrastructural developments, particularly in developing economies, on the back of rapid urbanization activities, are further creating demand for fire extinguisher worldwide. These insights are according to a report, titled “Fire Extinguisher Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” recently added to XploreMR’s exhaustive repository.
Technological advancements, coupled with growing competition between leading manufacturers, have resulted in the introduction of several lightweight and compact fire extinguisher in the market. Some manufacturers have introduced new line of extinguishers, developed especially for residential use, as several fire insurance companies are compelling installation of fire extinguisher in public and residential spaces.
Fire Extinguisher Market: Report Synopsis
This report offers in-depth insights and analysis on the fire extinguisher market for the period of forecast, 2017 to 2027, and provides the market size in terms of US$ Mn. Important aspects driving growth of the fire extinguisher market, latent opportunities for manufacturers is key regional markets, recent developments & trends shaping the market dynamics, and actionable insights on key market segments included, have been incorporated in the report.
Key growth determinants and impediments for the fire extinguisher market have been elaborated, along with analysis on changing trends for equipping clients with comprehensive information to facilitate them in making fact-based decisions for their businesses. Macro- and micro-economic factors that indirectly or directly impact growth of the fire extinguisher market have also been encompassed in the report.
Key section of this report sheds light on region- and country-wise demand for fire extinguisher, along with new product offerings and technological advancements being made by manufacturers. Competitive landscape of the fire extinguisher market has also been analyzed in detail in the concluding section of the report, to offer the readers with a dashboard view of key players operating in the fire extinguisher market. Market share analysis on key participants profiled in the report has also been rendered. Scope of the report is to evaluate the marketing and business expansion strategies, recent developments, and key offerings of the fire extinguisher manufacturers, to enable clients to take strategic steps forward to gain a competitive edge in the market.
Fire Extinguisher Market: Research Methodology
In-depth secondary research has been used for inferring the market volume, and the data procured has then been validated through exhaustive primary interviews conducted with leading industry experts and opinion leaders. Interviews conducted with leading industrialists have been thoroughly analyzed, and the average market volume has been deduced and reconfirmed before incorporating the same in the report.
Important factors that have been considered for arriving at forecast on the fire extinguisher market include current size of the market, inputs from supply side and demand side, and various other dynamics that shape the growth of the fire extinguisher market. Forecasts on the fire extinguisher market have been represented in terms of CAGR, whereas other important aspects such as absolute dollar opportunity and year-on-year (Y-o-Y) growth have been incorporated. Primary objective of the report is to offer clients with a crystal clear view on future opportunities, concerning developmental growth in the fire extinguisher market.