Automatic Fire Ball Extinguisher Market Size, Share & Trends Analysis Report By Agent (Dry Powder, Carbon Dioxide, Foam), By Fire Type (Class A, Class B, Class C, Class D, Class K), By Application, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global automatic fire ball extinguisher market was valued at USD 852.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The increasing demand for adequate fire protection systems from residential and commercial areas is expected to propel market growth. Moreover, the Increasing construction activities for the development of commercial centers, new industrials plants and launch of new housing projects and implementation of strict norms related to fire safety is augmenting the growth of the market.     

Regulation regarding the installation of the fire protection systems owing to increasing number of accidents globally are anticipated to accelerate the adoption of the fire ball extinguisher systems in commercial and residential sectors. For instance, according to National Fire Protection Association (NFPA)statistic, in the U.S., heating equipment is the second-leading cause of home fires, resulting in an average of 52,050 home fires each year. In addition, electrical distribution or lighting equipment is involved in an annual average of 35,100 home fires.

However, The COVID-19 pandemic predictably damaged the automatic fire extinguisher industry across the globe. The fire extinguisher ball industry supply chain is facing several challenges, including lack of freight capacity and truck driver shortages, warehouse labor shortages, congested ports, and high shipping container costs. The restrictions on the movement of people have particularly delayed the installation of fire ball extinguisher at various establishments. Furthermore, as the COVID-19 restrictions are gradually relaxed, the market is expected to grow at moderate growth rate over the market forecast period. 

Moreover, growing fire incidence across the globe is expected to propel market growth over the forecast period. According to NFPA in 2021, 1.35 million fires in the U.S. These fires caused 3,800 civilian fire deaths and 14,700 reported civilian fire injuries. The property damage caused by these fires was estimated at USD 15.9 billion. This is further anticipated to boost the demand for the fire ball extinguisher.  

Automatic fire ball extinguishers play a vital role in protecting properties and infrastructure in the occurrence of a fire accident. In a study that examined the effectiveness of portable extinguishers in 2100 fire cases in the U.K., the Fire Extinguishing Trades Association (FETA) and Independent Fire Engineering and Distributors Association (IFEDA) discovered that in 80% of the cases were effectively put out the fire, and in 75% among these cases, the fire department was not called. This is expected to accelerate the market growth.

Moreover, the rising demand for the automatic fire ball extinguisher among the various application like construction sectors, automobiles, military trucks, and aircraft are expected to propel the market growth over the forecast period. Furthermore, manufacturers are focusing on launching extinguishers that can be used on Class A, B, and C fires as they are the major type of fires.

The increasing demand for traditional portable fire extinguishers due to their low cost, and ease of use is expected to hinder the market growth. However, increased raw material prices is also hampering the market growth. Furthermore, the market’s growth is hindered by the lack of awareness among independent property owners about fire protection and safety, as well as a lack of enforcement laws for the setup of fire protective equipment.

Agent Insights

In terms of revenue, the dry powder segment dominated the market with a share of over 57.0% in 2022. Dry powder fire ball is an extremely versatile extinguisher choice since it can be used on almost all fire types, this is expected to boost market growth over the forecast period. Moreover, they are usually used in residential buildings as they can easily combat all three common household fire types. Comparatively low prices and high versatility are also augmenting the market growth.

The carbon dioxide segment is projected to register a CAGR of 7.2% from 2023 to 2030. Carbon dioxide is designed for flammable liquid and electrical (Class B and C) fires only. It extinguishes fire by displacing oxygen element of the fire triangle and it is also very cold as it comes out of the extinguisher, so it cools the fuel as well. These factors are accelerating the demand for the fire ball extinguisher market.  

Fire Type Insights

In terms of revenue, the class C segment dominated the market with a share of around 40.0% in 2022. The growing demand for class c fire ball extinguishers for energized electrical components, and chemical, or flammable liquid fires can occur in commercial and residential palaces due to power acting as a continuous source of fire ignition which is boosting the market growth. Moreover, the rising number of fire incidence across the world is anticipated market growth over the forecast period.

The class B segment is estimated to witness the fastest CAGR of 7.2% over the forecast period. Class B fire ball extinguisher used for fire occurring from combustible and flammable liquids is accelerating the market growth. Government organizational bodies across the world have laid down stringent safety regulations which are to be followed by residential and commercial buildings. These regulations mandate the presence of various types fire extinguishers, such as Class B in the building premises, which is estimated to boost the market growth over the forecast period.

Application Insights

The commercial segment dominated the market and contributed to the largest market share of around 80% in 2022. The segment is expected to witness a CAGR of 6.0% from 2023 to 2030. The commercial segment covers the implementation of fire ball in various industries and commercial buildings, such as hotels, hospitals, transportation, energy and power, and manufacturing, among others. Moreover, government regulations mandating provisions to ensure the safety of workers are also driving the installation of fire ball in commercial establishments. This is accelerating market growth.

The residential segment is expected to expand at the fastest CAGR of 7.3% from 2023 to 2030. Increasing casualties owing to fire, rising property damage, and growing safety concerns among consumers is driving the growth of the residential segment of the market. According to the National Fire Protection Association (NFPA), cooking, heating, and electrical equipment are among the leading causes of home fires. Rising safety concerns among consumers are increasing the demand for fire ball extinguishers in the residential sector.

Regional Insights

Asia Pacific dominated the automatic fire ball extinguisher market with a share of around 40.0% in 2022. The region is dominated by local players and the demand for automatic fire ball extinguisher is anticipated to increase in emerging economies like China, India, and South Korea. Moreover, the rapid growth of the industrial and commercial sectors in the region is accelerating the demand for fire ball extinguishers. The growing reconstruction activities, coupled with fire safety codes implemented by various governments are accelerating market growth.

Middle East & Africa is expected to witness the second-fastest CAGR of 6.6% from 2023 to 2030. Government initiatives, updated fire and life safety rules, and rising energy prices are the main drivers of the market in the region. Moreover, expanding hotel sector is driving up demand for fire ball extinguishers in the Middle East & Africa. Furthermore, North America is estimated to witness significant growth over the forecast period owing to increasing fire incidents and property damages over the last few years.

Key Companies & Market Share Insights

The market is characterized by the presence of a few established players and new entrants. Many big players are increasing their focus on the growing trend of automatic fire ball extinguishers. Players in the market are diversifying their service offering to maintain market share.

• For instance, in April 2019, Firetech Global announced a tie-up with Marvel Gloves for unique fire extinguishers to distribute their products throughout India.

Some of the prominent players in the global automatic fire ball extinguisher market include: -

• 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

Automatic Fire Ball Extinguisher Market Report Scope

Global Automatic Fire Ball Extinguisher Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global automatic fire ball extinguisher market report based on agent, fire type, application, and region:

• Agent Outlook (Revenue, USD Million, 2017 - 2030)

  • Dry Powder

  • Carbon Dioxide

  • Foam

  • Others (Water Based, Metal Based, Clean Agents)

• Fire Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Class A

  • Class B

  • Class C

  • Class D

  • Class K

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Residential

  • Commercial

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)

    • South Africa