The global fire extinguisher inspection services market size is anticipated to reach USD 5.3 billion by 2028. The market is expected to expand at a CAGR of 5.2% from 2021 to 2028. Depending on the premise of inspection operations, companies often provide inspection services for various types of extinguishers, such as class K fire extinguishers, Class D fire extinguishers, multi-purpose fire extinguishers, CO2-based fire extinguishers, water fire extinguishers, and wet/dry chemical fire extinguishers. The versatility of inspection services provided regarding the multitude of extinguishers enables companies to cater to various end-users such as hospitals, hotels, eateries, residential buildings, commercial complexes, institutional buildings, and academic institutions.
Recent developments in data analytics and cloud computing have enabled service providers to cater to customers through remote data access of inspection reports, instant relay of inspection results to service centers, and histogram of inspection reports and tracking mechanisms. These IT-enabled service offerings are a USP of various service providers such as Damia Global Services, FireLab, Asurio Inc., and STANLEY Security.
Service agreements commonly tend to include both inspection and maintenance services, as companies rely on the similarity of capabilities required to serve consumers on both aspects. Therefore, consumers are inclined toward entering into agreements with inspection service providers on the condition that the same entity provides maintenance and repair services as well. Many companies have horizontally integrated themselves to offer inspection, repair, maintenance, operational training, and sales services; of which prominent ones include Cintas, Johnson Controls, Pye-Barker Fire & Safety, AAA Fire Protection, and Reliance Fire & Security.
Key market participants include Total Safety U.S., Inc.; Chubb Fire & Security Pty Ltd. (A Carrier Company); and AAA Fire Protection, Inc. These businesses are focused on making their goods more sustainable. Cintas Corporation, for example, set a target of attaining net-zero greenhouse gas (GHG) emissions by 2050 in 2021. These companies have also been making efforts to improve their management practices. After splitting from United Technologies Enterprise, Carrier, the parent company of Chubb Fire & Security Pty Ltd, became an independent, publicly-traded corporation.
Recent developments in data analytics and cloud computing have enabled service providers to cater to customers through remote data access of inspection reports, instant relay of inspection results to service centers, and histogram of inspection reports and tracking mechanisms. These IT-enabled service offerings are a USP of various service providers such as Damia Global Services, FireLab, Asurio Inc., and STANLEY Security.
Service agreements commonly tend to include both inspection and maintenance services, as companies rely on the similarity of capabilities required to serve consumers on both aspects. Therefore, consumers are inclined toward entering into agreements with inspection service providers on the condition that the same entity provides maintenance and repair services as well. Many companies have horizontally integrated themselves to offer inspection, repair, maintenance, operational training, and sales services; of which prominent ones include Cintas, Johnson Controls, Pye-Barker Fire & Safety, AAA Fire Protection, and Reliance Fire & Security.
Key market participants include Total Safety U.S., Inc.; Chubb Fire & Security Pty Ltd. (A Carrier Company); and AAA Fire Protection, Inc. These businesses are focused on making their goods more sustainable. Cintas Corporation, for example, set a target of attaining net-zero greenhouse gas (GHG) emissions by 2050 in 2021. These companies have also been making efforts to improve their management practices. After splitting from United Technologies Enterprise, Carrier, the parent company of Chubb Fire & Security Pty Ltd, became an independent, publicly-traded corporation.
Fire Extinguisher Inspection Services Market Report Highlights
- Asia Pacific is anticipated to witness a compound annual growth rate (CAGR) of 5.5% over the forecast period
- In Europe, the market was valued at USD 1,040.7 million in 2020 and is expected to reach USD 1,540.3 million by 2028
- North America is foreseen to exhibit the second-fastest CAGR of 5.2% from 2021 to 2028
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. The Publisher's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Regional Outlook
2.3. Competitive Insights
Chapter 3. Fire Extinguisher Inspection Services Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Global Fire Extinguisher Inspection Services Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter's
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Global Fire Extinguisher Inspection Services Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Global Fire Extinguisher Inspection Services Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2020 & 2028
5.2. North America
5.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.2.2. U.S.
5.2.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.3. Europe
5.3.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.3.2. U.K.
5.3.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.3.3. Germany
5.3.3.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.4. Asia-Pacific
5.4.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.4.2. China
5.4.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.4.3. Japan
5.4.3.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.5. Central & South America
5.5.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.5.2. Brazil
5.5.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.6. Middle East & Africa
5.6.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
5.6.2. Saudi Arabia
5.6.2.1. Market Estimates and Forecast, 2016 - 2028 (USD Million)
Chapter 6. Competitive Analysis
6.1. Key Global Players, Recent Developments & Their Impact on the Industry
6.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3. Vendor Landscape
6.3.1. Key Company Market Share Analysis, 2020
Chapter 7. Company Profiles
7.1. Total Safety U.S., Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. High Rise Security Systems
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Cintas Corporation
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Koorsen Fire & Security
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Johnson Controls International plc
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Reliable Fire & Security
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Chubb Fire & Security Pty Ltd. (A Carrier Company)
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Protegis Fire & Safety
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Aaa Fire Protection, Inc.
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Jim's Fire Safety
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
List of Tables
1. Global fire extinguisher inspection services market - Key market driver analysis
2. Global fire extinguisher inspection services market - Key market restraint analysis
3. Global fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
4. North America fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
5. U.S. fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
6. Europe fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
7. Germany fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
8. U.K. fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
9. Asia Pacific fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
10. China fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
11. Japan fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
12. Central & South America fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
13. Brazil fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
14. Middle East & Africa fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
15. Saudi Arabia fire extinguisher inspection services market estimates and forecast, 2016 - 2028 (USD Million)
16. Vendor landscapeList of Figures
1. Global fire extinguisher inspection services market snapshot
2. Global fire extinguisher inspection services market segmentation & scope
3. Global fire extinguisher inspection services market penetration & growth prospect mapping
4. Global fire extinguisher inspection services value chain analysis
5. Global fire extinguisher inspection services market dynamics
6. Global fire extinguisher inspection services market Porter's analysis
7. Global fire extinguisher inspection services market: Regional movement analysis
8. Global fire extinguisher inspection services market: Estimated market share analysis, 2020
Companies Mentioned
- Aaa Fire Protection, Inc.
- Chubb Fire & Security Pty Ltd. (A Carrier Company)
- Cintas Corporation
- High Rise Security Systems
- Jim's Fire Safety
- Johnson Controls International Plc
- Koorsen Fire & Security
- Protegis Fire & Safety
- Reliable Fire & Security
- Total Safety U.S., Inc.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 3.7 Billion |
| Forecasted Market Value ( USD | $ 5.3 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
