Automatic Fire Ball Extinguisher Market Size was valued at USD 3.1 Billion in 2022. The automatic fire ball extinguisher market industry is projected to grow from USD 3.21 Billion in 2023 to USD 4.336 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.80% during the forecast period (2024 - 2032). The market for automatic fireball extinguishers is anticipated to keep expanding due to market drivers like strict fire safety laws, an increase in the number of fire emergencies, and the implementation of cutting-edge fire suppression technology.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The need for automatic fireball extinguishers is being driven by the rise of fire incidents around the world. The NFPA estimates that 1.35 million fires in the United States in 2021 resulted in 3,800 reported civilian fire deaths and 14,700 reported civilian fire injuries. It was calculated that these fires had caused USD 15.9 billion in property damage. Fire risk rises as more people live in urban areas. This is due to urban areas having denser populations and more infrastructure, which might increase the risk of fire. Additionally, the severity of extreme weather events like heat waves and droughts is increasing due to climate change. These occurrences may produce fire-friendly circumstances. Furthermore, the majority of fires in both residential and commercial structures are started by electrical problems. This is because old or improperly maintained electrical systems are frequently present.
Furthermore, because of the high level of convenience provided by these items, governments are increasingly enforcing tight regulations, particularly in developed economies like the United States, some countries in Europe, Japan, and Australia. According to the survey, the commercial and industrial sectors account for the sale of more than six out of ten automatic fireball extinguishers. Leading businesses are implementing tech-driven manufacturing methods to penetrate the most difficult industrial sectors, including waste management, oil and gas, and mining, where the danger of fire loss is notably higher. It has an influence on product design strategies and will encourage R&D investments that automatic fireball extinguishers in certain end-user categories be able to endure hard environments and extreme corrosion conditions.
Extinguishing fires with automatic fireball extinguishers is a quick and easy process. They don't need any special training to operate and are simple to utilize. As a result, they are perfect for use in a range of contexts, such as residential areas, commercial buildings, and industrial settings. Each year, the price of fire damage goes up. US$15.9 billion was the expected value of the property damage brought on by fires in the US in 2021. Utilizing effective fire suppression methods can result in savings of this magnitude. Additionally, individuals are taking precautions to safeguard themselves and their property from flames as they are becoming more aware of the significance of fire safety. As a result, there is a growing need for effective fire suppression technologies. Thus, driving the automatic fire ball extinguisher market revenue.
The Automatic Fire Ball Extinguisher Market segmentation, based on agent includes Dry Powder, Carbon Dioxide, Foam and Others (Water Based, Metal Based, Clean Agents). The dry powder segment dominated the market. Due to its ability to put out practically any sort of fire, dry powder fire balls are a very versatile extinguisher option, which is anticipated to drive market expansion over the projection period. Additionally, they are frequently employed in residential structures because to their ease in putting out all three main forms of home fires.
The Automatic Fire Ball Extinguisher Market segmentation, based on fire type, includes Class A, Class B, Class C, Class D and Class K. The class C category generated the most income. Power acting as a constant source of fire ignition is driving up the demand for class C fireball extinguishers because energized electrical components, chemical, or flammable liquid fires might happen in commercial or residential buildings, which is increasing market growth.
The Automatic Fire Ball Extinguisher Market segmentation, based on application, includes Residential and Commercial. The commercial category generated the most income. The use of fireballs in a variety of commercial structures and industries, including hotels, hospitals, the transportation industry, the energy and power sector, and the manufacturing sector, is covered in the commercial area. Additionally, the installation of fire balls in commercial businesses is driven by governmental requirements that need precautions to ensure the security of employees.
Figure 1: Automatic Fire Ball Extinguisher Market by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American automatic fire ball extinguisher market area will dominate this market. The increase in construction activity and the strict enforcement of fire regulations by organizations like the National Fire Protection Association (NFPA), which publishes codes and standards intended to reduce the likelihood and consequences of fire and other risks, are the main factors driving market expansion in the nation. The lucrative expansion of the defense, marine, and tourist sectors additionally paves the way for market increase in the region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automatic Fire Ball Extinguisher Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe automatic fire ball extinguisher market accounts for the second-largest market share. In Europe, federal states are in responsibility of enforcing the national model building code, which governs fire safety. A structure that poses a fire risk is examined each day to make sure it complies with fire safety regulations. Strict fire safety laws are likely to accelerate the nation's development. Further, the German automatic fire ball extinguisher market held the largest market share, and the UK automatic fire ball extinguisher market was the fastest growing market in the European region
The Asia-Pacific Automatic Fire Ball Extinguisher Market is expected to grow at the fastest CAGR from 2023 to 2032. Local companies dominate the market, and it is expected that demand for automatic fireball extinguishers would rise in developing nations like China, India, and South Korea. Additionally, the region's industrial and commercial sectors are expanding quickly, which is boosting demand for fireball extinguishers. Moreover, China’s automatic fire ball extinguisher market held the largest market share, and the Indian automatic fire ball extinguisher market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the automatic fire ball extinguisher market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, automatic fire ball extinguisher industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automatic fire ball extinguisher industry to benefit clients and increase the market sector. In recent years, the automatic fire ball extinguisher industry has offered some of the most significant advantages to medicine. Major players in the automatic fire ball extinguisher market are attempting to increase market demand by investing in research and development operations includes Firetech Global; Elide Fire Ball Pro Co., Ltd.; L. R. INDUSTRIES; Auto Fireball; Universal Fire Protection; Fireball RSA; DANSA group Germany; Fire and Safety Systems LTD; and HelloMedicals.
Automatic fireball extinguishers are made and sold by a firm called Auto Fireball. The business was established in 2016 and has its headquarters in India's New Delhi. With its automatic fire ball extinguishers, Auto Fireball aims to achieve its purpose of "Fire Safety for All" by making them accessible and inexpensive to all people. The automatic fireball extinguishers made by Auto Fireball are intended to start working automatically the moment a fire is detected. A dry chemical powder extinguishing agent that is present in the extinguishers is released into the air when they are ignited. The powder suppresses the fire and stops it from advancing.
The L.R Industries, a top producer and supplier of modified guar gum powder used in the textile and fabric printing sector, first opened for business in 1968. As a producer of textile printing gum, we first began producing food-grade guar gum powder, and today we are producing adhesives and dextrins. To fulfill the special needs of various dyestuffs, L.R. INDUSTRIES produces Food Grade Guar Gum Powder and a variety of textile printing thickeners based on Guar Gum, Tamarind Kernel Powder, and Starch.
February 2021: The No Agricultural Waste research and development initiative saw the introduction of a brand-new plant-based fire extinguisher chemical by Win Time Technology. The item is expected to replace current conventional fire extinguisher options with a greener alternative.
April 2019: Marvel Gloves and Firetech Global have formed a partnership to market special fire extinguishers across India.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.1 Billion |
| Market Size 2023 | USD 3.21 Billion |
| Market Size 2032 | USD 4.336 Billion |
| Compound Annual Growth Rate (CAGR) | 3.80% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Agent, Fire Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Firetech Global; Elide Fire Ball Pro Co., Ltd.; L. R. INDUSTRIES; Auto Fireball; Universal Fire Protection; Fireball RSA; DANSA group Germany; Fire and Safety Systems LTD; HelloMedicals |
| Key Market Opportunities | Implementing stringent fire safety regulations is accelerating the market's growth |
| Key Market Dynamics | Rising demand from residential and commercial locations for sufficient fire prevention systems Rising construction sector to create new commercial centers |
Frequently Asked Questions (FAQ) :
The Automatic Fire Ball Extinguisher Market size was valued at USD 3.1 Billion in 2022.
The global market is projected to grow at a CAGR of 3.80% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Firetech Global; Elide Fire Ball Pro Co., Ltd.; L. R. INDUSTRIES; Auto Fireball; Universal Fire Protection; Fireball RSA; DANSA group Germany; Fire and Safety Systems LTD; and HelloMedicals.
The dry powder category dominated the market in 2022.
The class C category had the largest share in the global market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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