Product Code: ETC030770 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Fire Extinguishers Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.38% in 2025, climbs to a high of 14.14% in 2027, and moderates to 12.76% by 2029.
The Fire Extinguishers market in Vietnam is projected to grow at a high growth rate of 14.14% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Vietnam fire extinguishers market plays a critical role in ensuring fire safety across various sectors, including commercial, industrial, and residential. The market has witnessed consistent growth due to the rising awareness of fire safety measures and the implementation of stringent fire safety regulations by the government. Fire extinguishers are essential firefighting tools, available in various types such as dry chemical, foam, water, and carbon dioxide, each designed to combat specific types of fires. The market is driven by the continuous efforts of government agencies and fire safety organizations to educate the public and businesses about fire prevention and preparedness. Additionally, the growing number of construction projects, expansion of industrial facilities, and increasing adoption of fire safety measures in public spaces have contributed to the demand for fire extinguishers. However, during the COVID-19 pandemic, the market faced challenges due to the slowdown in construction and commercial activities, affecting the overall demand. As economic activities gradually normalize, the market is expected to regain momentum, with heightened awareness of fire safety and investments in robust fire protection systems.
The Vietnam fire extinguishers market is influenced by various factors that contribute to the increased demand for fire safety equipment in the country. One of the primary drivers is the rising awareness and importance of fire safety measures across industries and public spaces. The government`s stringent regulations and enforcement of fire safety standards have led businesses and establishments to prioritize fire prevention and preparedness, driving the demand for fire extinguishers. The growth of the construction industry and the establishment of commercial spaces have also been significant drivers. With the construction of new buildings and infrastructures, there is an increased focus on fire safety measures, leading to the installation of fire extinguishers in these properties. Furthermore, the expanding industrial sector and the presence of manufacturing facilities create a higher risk of fire incidents. Industries are increasingly investing in fire extinguishers to safeguard their assets, ensure employee safety, and protect critical processes.
The Vietnam fire extinguishers market faces challenges related to the proper maintenance and testing of fire extinguishing equipment. Regular inspections and maintenance are critical to ensuring the effective functionality of fire extinguishers in emergencies. However, lack of awareness and neglect of maintenance practices by end-users can hinder the market`s growth. Fire safety awareness campaigns and educational programs are necessary to address this challenge and promote responsible fire extinguisher maintenance. Additionally, price sensitivity in the market poses a challenge for manufacturers and suppliers. Customers, especially in the residential and small business segments, may prioritize lower-priced fire extinguishers over more advanced and expensive models. Striking a balance between affordability and quality while complying with safety standards becomes a challenge for market players.
The COVID-19 pandemic had contrasting impacts on the Vietnam fire extinguishers market. On one hand, the demand for fire extinguishers in essential sectors, such as healthcare facilities and critical infrastructure, increased to ensure fire safety during the pandemic. However, the market faced challenges in other sectors, such as hospitality and tourism, which experienced a downturn due to travel restrictions and reduced consumer activities. The temporary closure of businesses and public spaces during lockdowns affected the demand for fire extinguishers in these segments. The market also faced supply chain disruptions and logistic challenges, impacting the production and distribution of fire extinguishing equipment. However, as economic activities resumed, businesses and public establishments prioritized fire safety measures, leading to a recovery in demand for fire extinguishers in the post-pandemic period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Fire Extinguishers Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Fire Extinguishers Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Fire Extinguishers Market - Industry Life Cycle |
3.4 Vietnam Fire Extinguishers Market - Porter's Five Forces |
3.5 Vietnam Fire Extinguishers Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Fire Extinguishers Market Revenues & Volume Share, By Fire Type, 2021 & 2031F |
3.7 Vietnam Fire Extinguishers Market Revenues & Volume Share, By Agents, 2021 & 2031F |
3.8 Vietnam Fire Extinguishers Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Vietnam Fire Extinguishers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Fire Extinguishers Market Trends |
6 Vietnam Fire Extinguishers Market, By Types |
6.1 Vietnam Fire Extinguishers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Fire Extinguishers Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Fire Extinguishers Market Revenues & Volume, By Automatic Fire Extinguishers, 2021-2031F |
6.1.4 Vietnam Fire Extinguishers Market Revenues & Volume, By Regular Dry Chemical, 2021-2031F |
6.1.5 Vietnam Fire Extinguishers Market Revenues & Volume, By Multi-Purpose Dry Chemical, 2021-2031F |
6.1.6 Vietnam Fire Extinguishers Market Revenues & Volume, By Portable Fire Extinguishers, 2021-2031F |
6.1.7 Vietnam Fire Extinguishers Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Fire Extinguishers Market, By Fire Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Fire Extinguishers Market Revenues & Volume, By Cooking, 2021-2031F |
6.2.3 Vietnam Fire Extinguishers Market Revenues & Volume, By Electrical Equipment, 2021-2031F |
6.2.4 Vietnam Fire Extinguishers Market Revenues & Volume, By Flammable LiquidS, 2021-2031F |
6.2.5 Vietnam Fire Extinguishers Market Revenues & Volume, By Solids, 2021-2031F |
6.2.6 Vietnam Fire Extinguishers Market Revenues & Volume, By Flammable Gasses, 2021-2031F |
6.2.7 Vietnam Fire Extinguishers Market Revenues & Volume, By Combustible Metals, 2021-2031F |
6.3 Vietnam Fire Extinguishers Market, By Agents |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Fire Extinguishers Market Revenues & Volume, By Aqueous Film Forming Foams, 2021-2031F |
6.3.3 Vietnam Fire Extinguishers Market Revenues & Volume, By Potassium Bicarbonate, 2021-2031F |
6.3.4 Vietnam Fire Extinguishers Market Revenues & Volume, By Mono Ammonium Phosphate, 2021-2031F |
6.3.5 Vietnam Fire Extinguishers Market Revenues & Volume, By Sodium Bicarbonate, 2021-2031F |
6.3.6 Vietnam Fire Extinguishers Market Revenues & Volume, By Carbon Dioxide, 2021-2031F |
6.3.7 Vietnam Fire Extinguishers Market Revenues & Volume, By Others, 2021-2031F |
6.4 Vietnam Fire Extinguishers Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Fire Extinguishers Market Revenues & Volume, By Manufacturing and Construction Sites, 2021-2031F |
6.4.3 Vietnam Fire Extinguishers Market Revenues & Volume, By Warehouses, 2021-2031F |
6.4.4 Vietnam Fire Extinguishers Market Revenues & Volume, By Residential, 2021-2031F |
6.4.5 Vietnam Fire Extinguishers Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.6 Vietnam Fire Extinguishers Market Revenues & Volume, By Factories and Food Processing Plants, 2021-2031F |
6.4.7 Vietnam Fire Extinguishers Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Fire Extinguishers Market Import-Export Trade Statistics |
7.1 Vietnam Fire Extinguishers Market Export to Major Countries |
7.2 Vietnam Fire Extinguishers Market Imports from Major Countries |
8 Vietnam Fire Extinguishers Market Key Performance Indicators |
9 Vietnam Fire Extinguishers Market - Opportunity Assessment |
9.1 Vietnam Fire Extinguishers Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Fire Extinguishers Market Opportunity Assessment, By Fire Type, 2021 & 2031F |
9.3 Vietnam Fire Extinguishers Market Opportunity Assessment, By Agents, 2021 & 2031F |
9.4 Vietnam Fire Extinguishers Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Vietnam Fire Extinguishers Market - Competitive Landscape |
10.1 Vietnam Fire Extinguishers Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Fire Extinguishers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |