The latest Automatic Fire Ball Extinguisher Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Automatic Fire Ball Extinguisher Market is valued at approximately USD 801.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2029.
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An Automatic Fire Ball Extinguisher is a type of fire suppression device that uses a ball-shaped container filled with fire-retardant chemicals or agents that can extinguish fires automatically when it comes into contact with flames. The ball is designed to self-activate in the event of a fire, meaning it does not require any human intervention to operate. The device typically consists of a hollow, lightweight ball made of plastic or metal that contains a dry chemical powder or foam. When a fire breaks out, the ball’s outer shell will melt from the heat, allowing the powder or foam to disperse and extinguish the fire. The ball can be placed in areas where fires are most likely to occur, such as kitchens, electrical rooms, or other high-risk areas. The market demand is primarily driven by the factors such as Automatic fire ball extinguishers are easy to install and require little to no maintenance. This makes them an attractive option for small businesses and residential applications, coupled with Automatic fire ball extinguishers use non-toxic and environmentally friendly materials to extinguish fires, making them a safer and more sustainable option compared to traditional fire suppression systems.
In addition, with the growing awareness of the importance of fire safety, there is an increasing demand for fire safety solutions, including automatic fire extinguishers. This is especially true in residential and commercial settings where traditional fire suppression systems may be too expensive or difficult to install which is acting as major driving factors for market growth. The National Safety Council reported that the Every 23 seconds, a fire department responds to a fire. Every 93 seconds, a home structure fire was reported. Every 47 minutes, one person is injured in a house fire. Every three hours and eight minutes, one person is killed in a residential fire. In 2021, 1,353,500 fires killed 3,800 civilians and injured 14,700. In addition, there were 70 non-COVID-19 on-duty firefighter deaths and 78 COVID-19 firefighter deaths in 2021, thus, in turn, these factors are likely to escalate the demand for Automatic Fire Ball Extinguisher in the global market. Furthermore, many countries have strict fire safety regulations by government that require the installation of fire suppression systems in certain buildings or areas. The increasing enforcement of such regulations is driving the demand for automatic fire ball extinguishers, as well as the construction industry grows, the demand for fire safety equipment like automatic fire ball extinguishers is also expected to increase are presenting lucrative opportunities for market growth over the forthcoming years. However, Fluctuation in the cost of raw material is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Automatic Fire Ball Extinguisher Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increase in rising markets including South Korea, China, and India. Also, the region’s booming industrial and commercial sectors are driving up demand for fireball extinguishers. The increasing number of rehabilitation projects and the implementation by various governments of fire safety regulations. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as increase in the number of fires and property damage in recent years are burgeoning the market growth in the forecasting years.
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Major market players included in this report are:
Firetech Global Pty Ltd.
Elide Fire Ball Pro Co., Ltd.
Universal Fire Protection Co. Pvt. Ltd.
Fireball RSA
DANSA group Germany
Fire and Safety Systems LTD
Protection Engineering Pty Ltd.
Fire System Products
Perth Fire Protection Pty Ltd.
REMAC Fire Safety
Recent Developments in the Market:
In April 2019, Firetech Global established a partnership with Marvel Gloves to distribute their innovative fire extinguishers throughout India.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Agent:
Dry Powder
Carbon Dioxide
Foam
Others
By Fire Type:
Class A
Class B
Class C
Class D
Class K
By Application:
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
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Some Questions Answered in the Automatic Fire Ball Extinguisher Market Report:
- What is the projected size of the global Automatic Fire Ball Extinguisher market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Automatic Fire Ball Extinguisher industry?
- What are the major market trends that are affecting the expansion of the Automatic Fire Ball Extinguisher market?
- What obstacles must be overcome in order to achieve sustained growth in the Automatic Fire Ball Extinguisher market?
- What opportunities and threats do vendors in the global Automatic Fire Ball Extinguisher market face?
- What are the raw materials and manufacturing equipment used in the production of Automatic Fire Ball Extinguisher, and what is the manufacturing process?
- What are the different types and applications of Automatic Fire Ball Extinguisher, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Automatic Fire Ball Extinguisher market?
- What factors are driving the growth of the Automatic Fire Ball Extinguisher market in the top regions worldwide?
- Who are the major players in the global Automatic Fire Ball Extinguisher market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Automatic Fire Ball Extinguisher market?
- What are the main findings of a five forces analysis of the global Automatic Fire Ball Extinguisher market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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