05 Feb Fire extinguisher inspection services market shows promising growth in new report
The fire extinguisher inspection services market is expected to grow in upcoming years after several factors showed increasing interest in compliance, oil and the public sector.
The Global Fire Extinguisher Inspection Services Market report found new sights in the market which signified a significant growth trajectory in expansion from USD4.14 billion in 2023 to a predicted USD6.28 billion by 2030.
The compounded annual growth rate (CAGR) is expected to be 6.12% and several innovations were noted as key findings to support this growth.
Industry trends showcased in the report revealed an increased emphasis on safety standards and regulatory compliance and a significant demand for expert fire extinguisher inspection services across various sectors such as defence or oil & gas.
Between 2024 and 2030, the trajectory laid out in the data is overwhelmingly uphill, which will bolster the fire sector.