DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2q3d52/global_fire) has announced the addition of the "Global Fire Extinguisher Market 2015-2019" report to their offering.
This new report predicts the global fire extinguisher market to grow steadily at a CAGR of 9% during the forecast period. The stringent regulations and practices enforced by safety authorities demand a certain number fire extinguishers to be present in residential buildings, commercial building, industrial facilities and even automobiles, thereby driving the market growth.
The rising popularity of light-weight fire extinguishers is also anticipated to fuel the market growth during the forecast period. With strict regulations around the world mandating passenger and commercial vehicles to maintain a fire extinguisher inside the vehicle, the demand for ultra-light weight fire extinguisher is expected to rise rapidly during by the end of 2019.
The dry chemical fire extinguishers dominated the fire extinguisher market during 2014 with a market share of around 34%. This segment is anticipated to retain its market dominance until the end of 2019, growing at a rate of 12%. The ability of the dry chemical powder to extinguish different types of fires is the primary driver for the growth of this segment.
EMEA accounted for 42% of the market share during 2014 and is expected to grow at a CAGR of 8% during the forecast period. The strict fire safety regulations and rules have led to the growth of the fire extinguisher market in this region. Europe also has the largest number of household users for fire extinguisher compared to the other regions.
Competitive landscape and key vendors
The global fire extinguisher market is dominated by the key vendors, with extensive market reach and distribution networks. Innovations in terms of the body design and the extinguishing agents used have made it fairly easier for the key market players to distinguish their products from the rest of the market offerings. The market is witnessing increased competition due to rise in innovations in the fire extinguisher industry.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
- Tyco Fire Protection
- Britannia Fire
- Fire Fighter
- ILT Industrie-Luftfiltertechnik
For more information visit http://www.researchandmarkets.com/research/2q3d52/global_fire