Global Commercial Building Fire Extinguisher Market 2016-2020
About Commercial Building Fire Extinguishers
Fire extinguishers are used to suppress and address fire incidents arising out of any type of electrical, chemical, or thermal accidents. A fire extinguisher consists of a pressurized metal cylinder filled with an extinguishing agent. The various types of extinguishing agents used in fire extinguishers include water, foam, carbon dioxide, or dry/wet chemicals.
Technavio’s analysts forecast the global commercial building fire extinguisher market to grow at a CAGR of 12.41% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial building fire extinguisher market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of commercial building fire extinguishers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Building Fire Extinguisher Market 2016-2020
Technavio recognizes the following companies as the key players in the global commercial building fire extinguisher market: Amerex, BRK, Desautel, Minimax, and Tyco
Other Prominent Vendors in the market are: Britannia Fire, Buckeye, Kidde, Safex, and Strike First
Commenting on the report, an analyst from Technavio’s team said: “Sonic fire extinguishers, which utilize sound waves to tackle fire incidents, have become a major trend that will transform the global commercial building fire extinguishers market. These extinguishers will direct a beam of low-frequency sound at the flame and generate pressure waves in air to eliminate the oxygen supply from the fire. These fire extinguishers can be used in residence and commercial establishments. The prototype of sonic fire extinguisher has been developed, which is predicted to be launched with a higher scale of operation and usage. Humans, as well as professional firefighting robots, can control sonic fire extinguishers in case it becomes difficult to reach the source element.”
According to the report, firefighting and prevention have become a key concern for business owners not only due to the regulatory norms but also because owners realize the importance of protecting their assets within the building. A building employs several assets like furnishings, electronic items, fittings and fixtures, documents, and other electro-mechanical equipment. Failure to timely extinguish a fire can compromise the safety of the occupants along with the assets associated with the facility. Fire incidents can also be aggravated if there other devices containing flammable chemical/materials in the same area. In certain cases, such instances can lead to fatalities and a huge loss for the organization. Closed workspaces in buildings can increase the fire due to high pressure and lack of sufficient entry and exit points. Occupants can be evacuated in a timely manner through fire exit points, but assets are prone to destruction in any emergency situation. As businesses continue to revamp their investments in modern assets, subsequent firefighting equipment needs to be addressed for ensuring that the workspaces are safe and incident free.
Further, the report states that with rising level of technology innovation in the fire safety market, end-users are increasingly transitioning toward automated fire detection and prevention systems. Smoke detectors and sprinklers will gain a substantial advantage over traditional fire extinguishers during the forecast period. These automated firefighting systems have been made compulsory in many commercial buildings. We expect existing buildings to also install these systems within their facilities during the forecast period. Automation is growing as a key technology in predicting and tackling unnatural incidents like fire within confined areas like buildings. The global fire detection system market is predicted to grow at a CAGR of 5.45% during the forecast period due to advances in technology.
Amerex, BRK, Desautel, Minimax, Tyco, Britannia Fire, Buckeye, Kidde, Safex, Strike First.