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. 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.
Major market players included in this report are:
Firetech Global Pty Ltd.
Elide Fire Ball Pro Co., Ltd.
Universal Fire Protection Co. Pvt. Ltd.
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.
Global Automatic Fire Ball Extinguisher Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Agent, Fire Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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. The detailed segments and sub-segment of the market are explained below:
By Fire Type:
Rest of the World