Market Overview:
The global wet chemical extinguishers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wet chemical extinguishers in various industrial and commercial applications, such as factories, oil depots, ships, and other applications. In terms of type, the portable type segment is expected to lead the global wet chemical extinguishers market during the forecast period. This can be attributed to its easy installation and portability features that make it suitable for use in small spaces.
Product Definition:
A wet chemical extinguisher is a fire extinguisher that uses a potassium acetate-based solution to put out fires. These extinguishers are important because they can be used on Class K fires, which are fires that involve cooking oils or fats.
Portable Type:
Portable type WCEs are used to extinguish fires involving flammable liquids and gases. They can also be used to put out electrical fires in residential or commercial buildings. The growth factor for the market is driven by growing demand from developing countries such as India, China, Brazil and South Africa among others where fire safety regulations are not as stringent as those in developed countries such as the U.S., UK, France or Australia for example.
Cart Type:
The global cart type and it's usage in wet chemical extinguishers market is expected to witness significant growth over the forecast period. The primary function of a cart is to transport the equipment used for handling or dispensing chemicals. A typical example includes a steel-frame mounted wheeled chassis with casters or wheels that are used to roll the machine around.
Application Insights:
The other application segment includes the applications such as airports, industrial, warehouse and others. The airport segment is expected to witness significant growth over the forecast period owing to rising air passenger traffic and increasing number of aircrafts in service. Moreover, governments around the world are making efforts for improving airports infrastructure by developing new runways and terminals which will further propel industry demand over the coming years.
The oil depot application segment accounted for a market share of 18% in 2017 on account of high safety requirements at oil depots resulting into low extinguisher volume discharge. Furthermore, there is an ongoing trend towards replacing wet chemical extinguishers with dry powder fire protection equipment at oil depots due to regulatory pressure regarding fire prevention along with cost-saving measures implemented by Oil Departments across various industries worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to witness significant growth over the forecast period. This can be attributed to increasing industrialization, rapid urbanization, growing oil & gas industry, and rising maritime activities across emerging economies such as China, India, Indonesia among others.
The Asia Pacific has witnessed an increase in fire incidents owing to various factors such as lack of safety regulations pertaining fire protection systems coupled with rapid development leading towards increased demand for effective extinguishing chemicals. In addition there has been a rise in arson attacks on commercial establishments by mobs due political disputes or religious differences which have led towards an increase demand for extinguishers especially hand held ones thus boosting regional growth considerably.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for wet chemical extinguishers in the automotive and manufacturing industries due to their ability to extinguish Class A, B, and C fires quickly and effectively.
- Growing awareness of the benefits of using wet chemical extinguishers among businesses and consumers, which is expected to drive market growth over the next few years.
- The increasing use of wet chemical extinguishers in data centers owing to their ability to suppress electronic equipment fires quickly and safely.
- Rising demand for portable wet chemical fire suppression systems from small businesses and households due to their easy installation, low maintenance requirements, and low cost-per-unit ratio compared with traditional fire suppression systems such as sprinklers or CO2 systems. 5) The increasing popularity of green building initiatives that promote the use of environmentally friendly products such as wet chemical extinguishers is also expected to fuel market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Wet Chemical Extinguishers Market Research Report
By Type
Portable Type, Cart Type, Other
By Application
Factory, Oil Depot, Ship, Other
By Companies
UTC, Tyco Fire Protection, Minimax, Desautel, Survitec Group Limited, Bavaria, Gielle Group, ANAF S.p.A, Protec Fire Detection, A.B.S. Fire Fighting, Lichfield Fire & Safety Equipment, Feuerschutz Jockel GmbH, Britannia Fire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Wet Chemical Extinguishers Market Report Segments:
The global Wet Chemical Extinguishers market is segmented on the basis of:
Types
Portable Type, Cart Type, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Factory, Oil Depot, Ship, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UTC
- Tyco Fire Protection
- Minimax
- Desautel
- Survitec Group Limited
- Bavaria
- Gielle Group
- ANAF S.p.A
- Protec Fire Detection
- A.B.S. Fire Fighting
- Lichfield Fire & Safety Equipment
- Feuerschutz Jockel GmbH
- Britannia Fire
Highlights of The Wet Chemical Extinguishers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Type
- Cart Type
- Other
- By Application:
- Factory
- Oil Depot
- Ship
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wet Chemical Extinguishers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wet chemical extinguishers are devices that use water, chemicals, or foam to put out fires.
Some of the key players operating in the wet chemical extinguishers market are UTC, Tyco Fire Protection, Minimax, Desautel, Survitec Group Limited, Bavaria, Gielle Group, ANAF S.p.A, Protec Fire Detection, A.B.S. Fire Fighting, Lichfield Fire & Safety Equipment, Feuerschutz Jockel GmbH, Britannia Fire.
The wet chemical extinguishers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wet Chemical Extinguishers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wet Chemical Extinguishers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wet Chemical Extinguishers Market - Supply Chain
4.5. Global Wet Chemical Extinguishers Market Forecast
4.5.1. Wet Chemical Extinguishers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wet Chemical Extinguishers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wet Chemical Extinguishers Market Absolute $ Opportunity
5. Global Wet Chemical Extinguishers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wet Chemical Extinguishers Market Size and Volume Forecast by Type
5.3.1. Portable Type
5.3.2. Cart Type
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wet Chemical Extinguishers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wet Chemical Extinguishers Market Size and Volume Forecast by Application
6.3.1. Factory
6.3.2. Oil Depot
6.3.3. Ship
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wet Chemical Extinguishers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wet Chemical Extinguishers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wet Chemical Extinguishers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wet Chemical Extinguishers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wet Chemical Extinguishers Demand Share Forecast, 2019-2026
9. North America Wet Chemical Extinguishers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wet Chemical Extinguishers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wet Chemical Extinguishers Market Size and Volume Forecast by Application
9.4.1. Factory
9.4.2. Oil Depot
9.4.3. Ship
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wet Chemical Extinguishers Market Size and Volume Forecast by Type
9.7.1. Portable Type
9.7.2. Cart Type
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wet Chemical Extinguishers Demand Share Forecast, 2019-2026
10. Latin America Wet Chemical Extinguishers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wet Chemical Extinguishers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wet Chemical Extinguishers Market Size and Volume Forecast by Application
10.4.1. Factory
10.4.2. Oil Depot
10.4.3. Ship
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wet Chemical Extinguishers Market Size and Volume Forecast by Type
10.7.1. Portable Type
10.7.2. Cart Type
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wet Chemical Extinguishers Demand Share Forecast, 2019-2026
11. Europe Wet Chemical Extinguishers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wet Chemical Extinguishers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wet Chemical Extinguishers Market Size and Volume Forecast by Application
11.4.1. Factory
11.4.2. Oil Depot
11.4.3. Ship
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wet Chemical Extinguishers Market Size and Volume Forecast by Type
11.7.1. Portable Type
11.7.2. Cart Type
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wet Chemical Extinguishers Demand Share, 2019-2026
12. Asia Pacific Wet Chemical Extinguishers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wet Chemical Extinguishers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wet Chemical Extinguishers Market Size and Volume Forecast by Application
12.4.1. Factory
12.4.2. Oil Depot
12.4.3. Ship
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wet Chemical Extinguishers Market Size and Volume Forecast by Type
12.7.1. Portable Type
12.7.2. Cart Type
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wet Chemical Extinguishers Demand Share, 2019-2026
13. Middle East & Africa Wet Chemical Extinguishers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wet Chemical Extinguishers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wet Chemical Extinguishers Market Size and Volume Forecast by Application
13.4.1. Factory
13.4.2. Oil Depot
13.4.3. Ship
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wet Chemical Extinguishers Market Size and Volume Forecast by Type
13.7.1. Portable Type
13.7.2. Cart Type
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wet Chemical Extinguishers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wet Chemical Extinguishers Market: Market Share Analysis
14.2. Wet Chemical Extinguishers Distributors and Customers
14.3. Wet Chemical Extinguishers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. UTC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tyco Fire Protection
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Minimax
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Desautel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Survitec Group Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bavaria
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gielle Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ANAF S.p.A
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Protec Fire Detection
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. A.B.S. Fire Fighting
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lichfield Fire & Safety Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Feuerschutz Jockel GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Britannia Fire
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
