Lewes, DE -- (SBWIRE) -- 12/28/2016 -- Report forecast the global commercial building fire extinguisher market to grow at a CAGR of 12.41% during the period 2016-2020.

Fire extinguishers are used to suppress and address fire incidents arising out of any type of electrical, chemical, or thermal accidents. A fire extinguisher consists of a pressurized metal cylinder filled with an extinguishing agent. The various types of extinguishing agents used in fire extinguishers include water, foam, carbon dioxide, or dry/wet chemicals.

The report covers the present scenario and the growth prospects of the global commercial building fire extinguisher market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of commercial building fire extinguishers.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, firefighting and prevention have become a key concern for business owners not only due to the regulatory norms but also because owners realize the importance of protecting their assets within the building. A building employs several assets like furnishings, electronic items, fittings and fixtures, documents, and other electro-mechanical equipment. Failure to timely extinguish a fire can compromise the safety of the occupants along with the assets associated with the facility. Fire incidents can also be aggravated if there other devices containing flammable chemical/materials in the same area. In certain cases, such instances can lead to fatalities and a huge loss for the organization. Closed workspaces in buildings can increase the fire due to high pressure and lack of sufficient entry and exit points. Occupants can be evacuated in a timely manner through fire exit points, but assets are prone to destruction in any emergency situation. As businesses continue to revamp their investments in modern assets, subsequent firefighting equipment needs to be addressed for ensuring that the workspaces are safe and incident free.

Further, the report states that with rising level of technology innovation in the fire safety market, end-users are increasingly transitioning toward automated fire detection and prevention systems. Smoke detectors and sprinklers will gain a substantial advantage over traditional fire extinguishers during the forecast period. These automated firefighting systems have been made compulsory in many commercial buildings. We expect existing buildings to also install these systems within their facilities during the forecast period. Automation is growing as a key technology in predicting and tackling unnatural incidents like fire within confined areas like buildings. The global fire detection system market is predicted to grow at a CAGR of 5.45% during the forecast period due to advances in technology.

Global Commercial Building Fire Extinguisher Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global commercial building fire extinguisher market: Amerex, BRK, Desautel, Minimax, and Tyco

Other Prominent Vendors in the market are: Britannia Fire, Buckeye, Kidde, Safex, and Strike First

Market driver
- Increased level of infrastructure development
- For a full, detailed list, view our report

Market challenge
- Harmful effect of extinguishing agent on environment
- For a full, detailed list, view our report

Market trend
- Rising awareness of fire safety
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 66 pages and 55 Exhibits "Global Commercial Building Fire Extinguisher Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor Landscape, Appendix.

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