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Showing posts with the label Fire Extinguisher Inspection Services Market

Fire Extinguisher Inspection Services Market Share to Witness Significant Revenue Growth

  Fire Extinguisher Inspection Services Industry 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 cu...

Fire Extinguisher Inspection Services Market Worth $5.3 Billion By 2028

Fire Extinguisher Inspection Services Industry Overview The global fire extinguisher inspection services market size was valued at USD 3,523.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028.  Rising awareness among consumers about the importance of effectively securing their buildings and homes in case of a fire emergency has driven the demand for fire extinguisher inspection services. According to the National Fire Protection Association (NFPA), a global self-funded non-profit organization, approximately 30% of portable fire extinguishers in use are not in good condition or working properly, which means, when in need, a fire extinguisher may fail to work. As a result, safety requirements make the involvement of fire extinguisher inspection service necessary. Gather more insights about the market drivers, restrains and growth of the Global Fire Extinguisher Inspection Services Market The COVID-19 (coronavirus) outbre...