Fire Extinguishers Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

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With the concerns on the issue growing, governments around the world are implementing even stricter regulations than before and making sure they are followed.

Every year, 180,000 people are burned to death, with the major chunk of these burn cases being registered in low- and middle-income countries, says the World Health Organization (WHO). Many among who survive face long-term hospitalization, disability, and social stigma. A big reason behind this is that either the fire safety standards aren’t strict enough or aren’t followed properly. 

Fires can come up anywhere, industrial, transport, commercial, or residential settings. Among these, industrial plants account for the highest usage of extinguishers, as the electrical equipment is rather massive in such settings, due to the fact that heavy machinery has to be powered, which is why manufacturing plants are always at a high risk of fire. With the rapid construction of production sites, especially in developing countries, as they continue to step up efforts for transforming their economy, the industrial sector is predicted to procure extinguishers in high numbers in the coming years.

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According to government sources, 7 million people in India suffer some kind of burn every year, of which 140,000 people end up dead, while 240,000 more suffer disability. Further, almost equal numbers of males and females suffer burns, which is in stark contrast to many other injuries, where men carry a higher prevalence rate than women. To tackle this, the Indian Ministry of Housing and Urban Affairs (MoHUA) has released strict guidelines mandating the installation of fire extinguishers in offices and all other public buildings.

Thus, with the awareness on fire safety increasing in developing countries, safety regulations will be made stricter, because of which the demand for extinguishers will also go up.

 

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