Report forecast the global commercial building fire
extinguisher market to grow at a CAGR of 12.41% during the period 2016-2020.
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.
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:
- Americas
- APAC
- EMEA
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.
Global Commercial Building Fire Extinguisher 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.
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
Market driver
- Increased level of infrastructure development
- For a full, detailed list, view our report
Market challenge
- Harmful effect of extinguishing agent on environment
- For a full, detailed list, view our report
Market trend
- Rising awareness of fire safety
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 66 pages and 55 Exhibits “Global
Commercial Building Fire Extinguisher Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by product, Market segmentation by end-user,
Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor Landscape,
Appendix.
For
more information Visit at: http://mrr.cm/3bF
Find all Fire Protection Reports at: http://www.marketresearchreports.com/fire-protection
No comments:
Post a Comment