DUBLIN, Jan 3, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Fire Extinguishers Market 2016-2020" report to their offering.
The global fire extinguishers market to grow at a CAGR of 7.12% during the period 2016-2020.
Global Fire Extinguishers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is advances in fire extinguishing technology. The technology used in fire extinguishers has evolved over years. The innovations introduced in fire extinguishers offers high-quality fire protection equipment to end-users. For example, halon-free fire extinguishers from Airbus Group uses the latest fire-extinguishing technology and incorporates a new eco-friendly design approach. The earlier halon-free 1301 agent, which was not eco-friendly, was replaced by NOVEC 1230, which does not contribute to ozone layer depletion or the greenhouse effect. The design of these fire extinguisher designs was changed to adapt to NOVEC 1230.
According to the report, one of the primary drivers in the market is increase in demand from residential end-users. The global fire extinguishers market is expected to be driven by the increasing demand from residential end-users. There is a growing concern among consumers about health and safety, particularly in developed countries such as the US. Although, globally, this segment is expected to grow at a lower CAGR compared with the commercial and industrial segments, the potential for increasing the penetration in the residential segment is high in developed countries. So, a number of vendors in developed regions are likely to focus on residential consumers for growth.
Further, the report states that one major challenge in the market is need for training of fire extinguisher usage. Globally, over 90% of fire incidents can be controlled and extinguished if the correct type of fire extinguisher is used. Fire extinguishers are very easy to handle with basic training in identifying the class of fire. Depending on the source of fire, different classes of fire need different types of extinguishers. In fire safety, knowledge on the type of extinguisher to use will help control the fire in time. So, lack of proper knowledge and training prevents users from using the right type of extinguisher at the right time, which can be dangerous in the event of a fire accident. Fire safety training increases the knowledge and emergency response of building occupants when confronted with a fire or emergency situation.
- Tyco Fire Protection
Other prominent vendors
- Buckeye Fire Equipment
- Britannia Fire
- Douze It
- Fire Fighter Industry
- Strike First
- Supremex Equipment
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 extinguishing agent
Part 07: Market segmentation by end-user
Part 08: Market segmentation by product
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/hqlfl9/global_fire
Research and Markets
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SOURCE Research and Markets