LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the Gulf Cooperation Council (GCC) fire extinguishers market is expected to reach USD 562.6 million by 2020, growing at a CAGR of more than 17%.
This research report titled ‘GCC Fire Extinguishers Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.
The GCC fire extinguisher market is expected to witness rapid growth during the forecast period primarily due to the level of infrastructure development in the GCC countries and rising need for incorporating fire safety measures in industrial, commercial, and residential buildings. Fire safety will become a major concern for the new projects that are slated to come up during the forecast period in GCC.
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Technavio’s industrial automation analysts categorize the GCC fire extinguishers market into four major segments by product. They are:
- Carbon dioxide fire extinguishers
- Dry chemical fire extinguishers
- Foam fire extinguishers
- Other fire extinguishers (water-based, wet chemical, and dry powder fire extinguishers)
The top three product segments for GCC fire extinguishers market are:
GCC dry chemical fire extinguisher market
|The GCC dry chemical fire extinguisher market is expected to reach USD 211 million by 2020, growing at a CAGR of over 19% during the forecast period.|
By disrupting the chemical reaction in fire triangle, dry chemical fire extinguishers help in controlling the fire. Dry chemical fire extinguishers are the most widely used fire extinguishers owing to the wide range of applicability in different situations. These extinguishers are applicable on class A, B, and C type of fires. The dry chemical agent works on class A fire by forming a barrier between fuel and oxygen element in the fire triangle.
According to Bharath Kanniappan, a lead automation analyst from Technavio, “Dry chemical fire extinguishers are often called multipurpose extinguishers because they can be used for residential buildings as well as commercial or industrial applications. Hence, the rise in urbanization in GCC, coupled with the increasing investments in commercial real estate, will drive the growth of this segment during the forecast period.”
GCC foam fire extinguisher market
|The GCC foam fire extinguisher market was valued at USD 70.6 million in 2015 and is expected to grow at a CAGR of almost 18% during the forecast period.|
Foam fire extinguishers are used for suppressing or controlling fuel-based fire. The growth in the foam fire extinguisher segment is due to the increased number of fuel-based hazards occurring in the industries. The foam acts as the fire extinguishing agent and helps in removing the heat element from the fire triangle. It also cuts off oxygen supply from the fire. These types of fire extinguishers are recommended for class A and B fires.
“The growth in the industrial sector in the GCC countries will provide momentum to the GCC foam fire extinguisher market during the forecast period as most the industries use hazardous fuel,” says Bharath.
GCC carbon dioxide fire extinguisher market
|The GCC carbon dioxide fire extinguisher market was valued at USD 47.9 in 2015 and is expected to reach USD 100.1 by 2020, growing at a CAGR of close to 16% during the forecast period.|
Carbon dioxide fire extinguishers are mostly used for class B fires that are caused by inflammable liquids and for class E fires that involve fire arising out of electrical equipment. Carbon dioxide fire extinguishers such as foam extinguishers take away the oxygen element from fire triangle and displace the heat element by releasing a cold discharge.
The upsurge in the industrial activities in GCC will lead to a rise in demand for carbon dioxide fire extinguishers during the forecast period. The major growth driver for this segment is that the carbon dioxide is a non-conductor and can be widely used as an extinguishing agent for fires that involve electrical equipment.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Kidde Fire Systems
- Tyco Fire Protection Products
Browse Related Reports:
- Global Commercial Building Fire Extinguisher Market 2016-2020
- Global Fire Extinguishers Market 2016-2020
- Global Industrial Fire Safety Equipment Market 2016-2020
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