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.
Report Attribute
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Key Statistics
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---|---|
Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 1.6 Billion |
Market Forecast in 2032
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US$ 2.0 Billion |
Market Growth Rate 2024-2032 | 2.9% |
A fire extinguisher is a movable or portable fire protection apparatus used for putting out small fires. It is generally kept at different fire points in factories, buildings, vehicles and public spaces. The device interferes with the fire triangle made of three elements which are required to create a fire, namely, fuel, oxygen and heat. At present, carbon dioxide (CO2), dry chemical, foam-based extinguishers are the different types of fire extinguishers available in the market.
The North America fire extinguisher market is currently being driven by various factors. Most of the demand for fire extinguishers is emerging from the construction sector, which includes both residential as well as commercial units. Therefore, rapid development in the construction sector across the region is having a positive impact on the growth of the fire extinguisher market. In addition to this, various transportation owners have started installing fire suppressant equipment in broad vehicles, such as buses, to ensure the safety of passengers. Moreover, numerous regulations and initiatives have been implemented by the government in the region to mandate the provisions of fire protection which is fueling the demand for fire extinguishers in the region.
IMARC Group provides an analysis of the key trends in each segment of the North America fire extinguisher market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product, extinguishing agent, fire type and application.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Product, Extinguishing Agent, Fire Type, Application, Country |
Countries Covered | United States, Canada |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America fire extinguisher market was valued at US$ 1.6 Billion in 2023.
We expect the North America fire extinguisher market to exhibit a CAGR of 2.9% during 2024-2032.
The extensive R&D activities to launch compact, lightweight, and cost-efficient fire extinguishers are primarily catalyzing the North America fire extinguisher market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations of North America resulting in temporary closure of numerous manufacturing units and supply chain disruptions of fire extinguishers.
Based on the product, the North America fire extinguisher market has been segmented into portable, knapsack, and wheeled. Currently, portable fire extinguisher holds the majority of the total market share.
Based on the extinguishing agent, the North America fire extinguisher market can be divided into dry chemicals, foam, carbon dioxide, and others. Among these, dry chemicals currently exhibit a clear dominance in the market.
Based on the fire type, the North America fire extinguisher market has been categorized into class A, class B, class C, and others. Currently, class A fire accounts for the largest market share.
Based on the application, the North America fire extinguisher market can be segregated into industrial, commercial, households, public areas, and others. Among these, the industrial sector currently holds the majority of the total market share.
On a regional level, the market has been classified into United States and Canada, where the United States currently dominates the market.