Fire Extinguisher Inspection Services Market is expected to expand at a CAGR of 5.2% from 2021 to 2028

 Fire Extinguisher Inspection Services Industry Overview

The global fire extinguisher inspection services market size is anticipated to reach USD 5.3 billion by 2028, according to a new report by Grand View Research, Inc. 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.

 

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

 

Fire Extinguisher Inspection Services Market Segmentation

Grand View Research has segmented the global fire extinguisher inspection services market on the basis of region:

Fire Extinguisher Inspection Services Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

The key players in the market account for a considerable revenue share and have a strong presence across the globe. The market also comprises small-to-mid-sized players who offer a selected range of services and mostly serve local customers. Consumers prefer hi-tech products when it comes to safety. Thus, companies in the industry are focusing on technological advancements. 

Some of the prominent players in the fire extinguisher inspection services market include:

  • High Rise Security Systems
  • Cintas Corporation
  • KOORSEN FIRE & SECURITY
  • JOHNSON CONTROLS INTERNATIONAL PLC
  • Reliable Fire & Security
  • Chubb Fire & Security Pty Ltd. (A Carrier Company)
  • Protegis Fire & Safety
  • AAA Fire Protection, Inc.
  • Jim's Fire Safety
  • Total Safety U.S., Inc.

 

Order a free sample PDF of the Fire Extinguisher Inspection Services Market Intelligence Study, published by Grand View Research.

 

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