Residential Fire Extinguisher Market Size, Share, Growth, and Industry Analysis, By Type (Less Than 5kg, 5kg-10kg and More Than 10kg), By Application (Kitchen, Courtyard and Other) and Regional Insights and Forecast to 2031

Updated On: 15 April 2024

RESIDENTIAL FIRE EXTINGUISHER MARKET REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global residential fire extinguisher market size was USD 635 million in 2022 and will touch USD 886.8 million by 2029, exhibiting a CAGR of 5.3% during the forecast period.

The fire extinguisher is a very important tool that allows to suppression of small fires promptly and due to that, such a tool is in high demand in the stable of residential equipment apparatus. These items can be classified into several categories of fire extinguishing agents including water, foam, carbon dioxide, and dry chemicals which all differ in their application to a specific type of fire. Residences should have extinguishers which must be strategically placed on each level such as the kitchen, garage, and principal rooms. The National Fire Protection Association (NFPA) advises installing extinguishers rated 2-A:10-B, (C) line spacing which would be not more than 40 ft wide to grant the network-wide coverage. These extinguishers focus on the different categories of fire for example ones which work against ordinary combustibles, liquid ones and electrical ones.

The number of factors of varying importance that should be considered when selecting a fire extinguisher for your home are the class (A, B, C), brand reputation, affordability and size. One of the most flexible types is the ABC class extinguisher since it is the one that can tackle different purposes, such as extinguishing fires which are started by wood, paper, liquids and electrical appliances. Emergency extinguishers must be placed where they are visible and simple to access near the exits and every member of the family should be acquainted with the way they work. Understanding the PASS layman opposite Pull, Aim, Squeeze, Sweep is a key aspect of proper use that should be remembered particularly during critical situations. Additionally, fire safeness comes with having a clear-cut evacuation path that comprises the family, which will in turn improve preparedness and result in lowering the risks of residential fire incidences.

COVID-19 Impact: Pandemic increased the demand in the market and emphasized the significance of the ease of access in these harsh environments

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A pandemic has brought a more pronounced interest in residential fire extinguishers and this is a result of enhanced home fire safety and an elevated level of education on the importance of a functional extinguishing apparatus. The increased focus on fire safety in households nowadays has positively impacted the consumers, in turn resulting in a rise in the acquisition of working fire extinguishers by the consumers. The more time people spend at home, the more there is a growing understanding of the need for proactive fire prevention strategies which raise the importance of having reliable extinguishers on hand to effectively handle potential fire hazards and keep occupants safe.

LATEST TRENDS

"Expansion in features such as eco-friendly fire extinguishers is fueling the growth of the market"

Concerning fire extinguishers, the percentage of people using eco-friendly types is increasing with notably clean agents having non-toxic solutions with minimum pollution negative effects. Such extinguishers are gaining popularity due to their potential to suppress all fires without damaging the surroundings. Tracerless extinguishers, as they are named, comprise solvents or gas substances that go into action very fast, stopping flames from spreading, and they leave no residue once the fire is out; these extinguishers are recommended for rooms that need protection such as offices, servers rooms, and labs. They do not contain harmful chemicals therefore no health risk is posed to humans and animals' environments which focus on traditional fire extinguishers as possible health hazards. Furthermore, their environmental benefits complement the modern environmental sustainability agencies as they provide healthy fire safety solutions. The demand for clean agent extinguishers has increased along with the public's growing understanding of environmental sustainability, which may be seen as an indicator of the improvement in the ethical standards of fire safety practices.

RESIDENTIAL FIRE EXTINGUISHER MARKET SEGMENTATION

• 

• Request a Free Sample to learn more about this report

By Type

Based on type the global market can be categorized into Less Than 5kg, 5kg-10kg and More Than 10kg.

• Less Than 5kg: Light fire extinguishers weighing less than 5 kg that are easy to access and transport within residential areas are the key features in fighting fires. Their versatility enables them to fight against many types of fire and their small sizes make them perfect for small spaces such as baths/bedrooms. The easy-to-use design facilitates the quick response required in case of a fire, whereas their light construction allows various units to be placed on different levels of the home to give extensive fire protection.

• 5kg-10kg: Fire extinguishers in the 5Kg-10Kg category are designed specifically for large-size fires in apartment buildings and houses. They are heavier but in this case more effective. A combination of size and power makes them capable of effective suppression with no unnecessary bulk. Recommending using them in places of high risk such as kitchens, workshops and any others, would provide you with total protection from various fire hazards offering you the most fire safety measures possible in the house.

• More Than 10kg: Fire extinguishers of more than 10 kg give heavy-duty fire suppression that is crucial to ending large fires and hazardous conditions in the home. They are well-positioned to provide maximum coverage while withstanding industrial requirements. These specific areas include workshops or storage rooms. These extinguishers will give professional-level safety with the purpose being to ensure a robust fire-protecting system and a feeling of safety for homeowners when they are facing different fire risks.

By Application

Based on application the global market can be categorized into Kitchen, Courtyard and Other.

• Kitchen: Kitchens will require fire extinguishers which are very useful in fire suppression, mainly for quickly extinguishing sparkled grease fires which happen in most cooking situations. Installed near all cooking areas, they are a key safety feature, effectively avoiding the risk of fire generated by cooking activities, as well as protecting cooking appliances and surroundings. On the other hand, inside the home, security systems play a key role in fast response to emergencies and avoiding accidental damages to properties or personal injuries.

• Courtyard: The courtyards are the places where the fire extinguishers are primary assets for outdoor fire safety, as these could be used for grills or bonfires. They act as fire-suppressing elements in open vacancies, assisting in risk preparedness and minimizing fire damages. Residents who are empowered to deal with small fires promptly will also prevent wildfires by creating conditions that enable comprehensive outdoor safety.

• Other: The "Others" category in the application of fire extinguishers for homes covers a broad range of needs varying from the kitchen and courtyard but also more functions inside the house. This category offers customized fire safety programs that are adapted to the special needs of responsible owners, and, those safeguard unique fire hazards present in particular environments. Identifying the exact risks within the premises and providing cover, safeguard his overall residential safety and create a holistic household fire-protection cover.

DRIVING FACTORS

"Increased awareness of the residents on fire safety will potentially lead to higher sales on the market"

The global residential fire extinguisher market growth is driven by increased fire safety awareness, combined with stringent approval laws from both governmental and regulatory authorities. The growing awareness among homeowners with concern for fire safety is the prime force behind the increasing demand for fire extinguishers. With the surges in the incidence of residential fires together with the increasing necessity of putting into place highly functional fire safety measures within most of the residential structures, the demand for competent fire extinguishing equipment becomes a prerequisite. This evolving consciousness emphasizes the significance of timely precautionary measures, thus making it difficult to imagine a safe residence without fire extinguishers. These measures are instruments in combination with other pre-cursory actions that can be used to protect lives and properties as people will now have more awareness about fire extinguishers and use this as a counter-measure to fires.

"Stringent safety rules and compliance standards which require the installation and maintenance of fire extinguishers to increase the market share"

As fire safety regulations become law and strict compliance standards are observed, residential housing becomes equipped with fire extinguishers and there is regular maintenance of these safety measures. The introduction of this set of regulations is such a catalyst that facilitates the growth of the market which urges property owners and enterprises to acquire high-grade fire suppression devices. Safety protocols are upgraded regularly, thereby keeping demand for advanced fire extinguishers evergreen, and hence, the industry is seeing continuous innovation as a result. Regularly revised safety regulations put more focus on the manufacturing of better and more efficient extinguishing systems which in turn, results in the development of newer and more advanced extinguisher models. Besides these requirements, the regulatory schedule also emphasizes the importance of fire extinguishers in the process of safeguarding lives and property as well as encouraging continued fire safety practices in the home which promotes a culture of risk management in residential buildings.

RESTRAINING FACTORS

"High costs of fire extinguishers may significantly restrain the market growth"

Considerable increases in the cost of fire extinguishers, in particular variants such as clean agent extinguishers, will shortly limit the market growth. The fact that these units feature additional labour-intensive processes translates to the considerably high cost of acquiring the units, which turns out to be the greatest hurdle, particularly for consumers and businesses running on tight budgets. This financial constraint is likely to discourage some of the interested buyers from purchasing fire safety instruments. Consequently, the market would only be growing to a certain extent. On top of that, the prices for extinguishers which are competent in specific matters can bring profits where customers prefer cheaper options and as a result, in market dynamics. Being economical to buy is also one of the biggest problems for these extinguishers, especially those with special features or environmental qualities. As this is a key problem area to improve, the broadening of demand can be predicted. The development of affordable and cheaper solutions as well as the provision of financial incentives on ads for acquiring fire extinguishers could be an effective approach in lowering the impact of high fire extinguishers prices on market penetration.

RESIDENTIAL FIRE EXTINGUISHER MARKET REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Asia Pacific area taking the lead in the market because of the growing number of building projects and the increasing awareness"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific heads the global residential fire extinguisher market share for fire extinguishers with investment in construction activities on the rise and an increase in awareness about fire safety throughout the region. The region's rapidly growing construction sector, with major infrastructure projects and urbanization projects, provides a remarkable basis for the consumption of fire prevention equipment. Besides that, intensified efforts on advocacy campaigns and educational programs about fire prevention and security methods further the expansion of the industry. Governments and regulatory authorities have begun enforcing stricter safety regulations and codes but the importance of fire extinguishers in residential settings is still being highlighted. The congenial environment incentivizes manufacturers and suppliers to take advantage of the flourishing market situation; here, they produce products in line with the demand for effective and market-oriented fire extinguishers about the unique aspects of the Asia Pacific region.

KEY INDUSTRY PLAYERS

"Key industry players are specializing in growing environmentally friendly products to grow the market"

The industry player’s number one focus has shifted in the direction of growing eco-friendly products in reaction to the developing patron demand for sustainable and environmentally conscious items. These main agencies apprehend the market's preference for environmentally pleasant answers and are for this reason vested in promoting inexperienced tasks. Alongside providing complete extinguishing answers, they prioritize meeting the increasing call for powerful suppression marketers whilst addressing environmental worries. This strategic emphasis on sustainability displays a broader enterprise fashion closer to eco-friendly manufacturing and environmental stewardship. Trendsetters and studies-driven organizations inside the enterprise are designing fire protection answers which are each green and compliant with safety requirements set by regulatory bodies. These traits cater to the wishes of environmentally aware consumers and corporations, demonstrating a commitment to accountable environmental practices while assembling marketplace needs.

List of Market Players Profiled

• Yamatoprotect (Japan)
• HATSUTA SEISAKUSHO (Japan)
• Longcheng (China)
• Sureland (China)
• Tianyi (China)
• UTC (U.S.)
• Amerex (U.S.)
• BRK (U.S.)
• BAVARIA (Egypt)
• Tyco Fire Protection (Ireland)
• Desautel (France)
• ANAF S.p.A. (Italy)
• Gielle Group (Italy)
• Presto (Sweden)
• Ogniochron (Poland)
• Minimax (U.K.)
• Protec Fire Detection (U.K.)

INDUSTRIAL DEVELOPMENT

March 2024: When more and more people are choosing to switch to alternative energy, many of them do not have their fire safety plans in place. Lithium-ion batteries vary in their fire risks, and the concerns are with the ones used in power backups which may usually go unnoticed. Focusing on the prevention aspects of the situation, Bartmann, the CEO of Fidelity Services Group, joins the call for better education. This would empower homeowners to learn the risks of lithium batteries and invest appropriately in professional fire protection measures. In addition to such safety actions as smoke detectors, fire extinguishers, and safety drills, it is helpful to have a plan of what you will do in the event of a fire.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.