Mexico Fire Extinguisher Market Report and Forecast 2024-2032

Mexico Fire Extinguisher Market Outlook

The Mexico fire extinguisher market size reached approximately USD 110.87 million in 2023. The market is assessed to grow at a CAGR of 4.8% between 2024 and 2032 to attain a value of around USD 168.26 million by 2032.

Key Trends in the Market

Fire extinguishers are fire safety systems that are used to control or extinguish minor fires, especially during an emergency. They feature sources of compressed gas or hand pumps to propel the water through a nozzle. Carbon dioxide is one of the leading propellants used in fire extinguishers. They are essential to ensure the safety of buildings.

• The increasing incidences of fire in commercial areas such as Central de Abasto are bolstering the Mexico fire extinguisher market demand. Fire extinguishers are essential to ensure the safety and security of the masses, combat unprecedented fire, and prevent destruction to properties.

• Key players are offering eco-friendly fire extinguishers using sustainable manufacturing processes and recyclable materials. Furthermore, the development of fire extinguishers that are versatile, low-maintenance, and corrosion, weather, and UV resistant is likely to stimulate the market growth.

• Advancements in fire safety technologies aimed at improving fire prevention techniques are expected to aid the Mexico fire extinguisher market development. The integration of technologies such as AI and deep neural networks (DNN) in fire extinguishers that can detect flame and automatically activate during a fire is anticipated to fuel the market growth in the coming years.

Market Analysis

Based on product, the market is segmented into portable, knapsack, and wheeled. On the basis of extinguishing agent, the market can be divided into dry chemical (powder), foam, and carbon dioxide, among others.

By fire, the market is categorised into Class A, Class B, Class C, Class D, and Class K. The various applications of the product are industrial, commercial, and residential. The major regional markets for fire extinguisher in Mexico are into Baja California, Northern Mexico, the Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico fire extinguisher market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Amerex Corporation

• A Carrier Company

• Johnson Controls International PLC

• ATP Fire Extinguishers

• Grupo Casa Lima

• Buckeye Fire Equipment Company

• Resideo Technologies, Inc.

• Others

Market Share by Product

Portable fire extinguishers account for a significant market share as they can easily be moved and are effective for the early stages of fire. By controlling the blaze initially, they also reduce the amounts of harmful pollutants released into the environment.

The increasing awareness regarding the efficacy of portable fire extinguishers to tackle small fires is further boosting their demand. Meanwhile, knapsack fire extinguishers are increasingly preferred to combat low-intensity fire as well as ember attacks.

Market Share by Application

The Mexico fire extinguisher market is being aided by the rising demand for fire safety equipment in commercial and industrial buildings to ensure the safety of occupants and reduce the risk of property loss and costly damages. The introduction of stringent regulations by the Mexican government aimed at ensuring fire safety in commercial buildings is also adding to the market.

In sectors like oil and gas, there is a rising demand for fire extinguishers that can offer enhanced durability, withstand corrosion, and provide superior fire protection.

Competitive Landscape

Amerex Corporation, established in 1971, is a prominent supplier and distributor of wheeled and portable fire extinguishers aimed at the industrial and commercial sectors. The company is regarded as a pioneer in the fire protection sector and its products are known for their excellent quality. Its products are sold and marketed globally.

Johnson Controls International PLC is a company that aims to create safe, sustainable, smart, and healthy spaces through its innovative offerings. It utilises data-driven solutions and technologies like AI to provide valuable insight into the health, performance, and sustainability of buildings. Its products are used in diverse end-use sectors, ranging from healthcare to manufacturing, among others.

Resideo Technologies, Inc. is a leading distributor of low-voltage, fire, and security products. Through its innovative solutions and services, it aims to enhance the energy efficiency, comfort, security, and safety of residential spaces. Its products are licensed under the Honeywell Home brand, and they are used in over 100 countries.

Other players in the Mexico fire extinguisher market include A Carrier Company, ATP Fire Extinguishers, Grupo Casa Lima, and Buckeye Fire Equipment Company, among others.

Key Highlights of the Report