Global Fire Extinguishers market will reach 3260 million US$ by the end of 2025
Published Date: 2019/7/26
The rising market of global fire extinguishers is boosted by several factors. The primary driver of this market are the strict government regulations for mandatory installation of fire extinguishers in every commercial, residential, industrial, and public areas including schools and colleges. Rapid pace of urbanization is yet another important factor helping the rise in demand of the fire extinguishers. High rise buildings and commercial spaces need such extinguishers for public safety in case of emergencies. Technological developments have its fair share in enhancing the market growth of fire extinguisher. The new technologically improved extinguishers are now available in the market which are easier to use and are perfect for residential use.
The global lens solution market is segmented based on type and application. In terms of type, the market is segmented into less than 5kg, 5kg-10kg, and more than 10kg. Based on application the market is segmented as commercial use, industrial use, and residential use. Among the segments, extinguishers for commercial use are most dominant in the market.
Based on the region, the global fire extinguishers market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America is expected to hold a significant share in the global fire extinguishers market. Europe too stands to have a strong position in the market. Asia Pacific, on the other hand, is the emerging region that promises to be great market in the future due to rapid urbanization.
According to the research report, the global fire extinguishers market was valued at US$2570 mn in 2018 and it is expected to reach US$3260 mn by the end of 2025, rising at a CAGR of 3.5% between 2018 and 2025.
Click to view the full report: https://www.qyresearch.com/index/detail/1220704/global-fire-extinguishers-industry-research-report-growth-trends-and-competitive-analysis-2019-2025
Marketing: sales@qyresearchglobal.com
Media Contact: press@qyresearch.com
评论
发表评论