Global Portable Fire Extinguisher Market Report and Forecast 2024-2032

Global Portable Fire Extinguisher Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global portable fire extinguisher market reached a value of approximately USD 4.20 billion in 2023. Aided by the increasing awareness about fire safety norms and the rising applications of portable fire extinguishers across various industries, the market is projected to further grow at a CAGR of 6.5% between 2024 and 2032.

Portable fire extinguishers are critical safety devices designed to control or extinguish small fires. They are primarily used in emergencies and are commonly found in homes, workplaces, and public places. These fire extinguishers play a pivotal role in preventing fire spread, saving lives, and safeguarding property. Besides its basic firefighting properties, portable fire extinguishers also offer benefits of easy mobility and accessibility, making them a crucial component in various commercial and industrial applications.

The growing awareness about fire safety norms is driving the global portable fire extinguisher market growth. With the increasing understanding of the catastrophic impact of fire incidents, there has been a significant shift towards the adoption of fire safety devices, leading to a surge in demand for portable fire extinguishers. Furthermore, regulatory bodies worldwide are enforcing stringent fire safety regulations, compelling residential, commercial, and industrial sectors to equip their premises with proper firefighting devices, including portable fire extinguishers.

The expanding applications of portable fire extinguishers in various industries also play a significant role in fuelling the market expansion. In the manufacturing sector, portable fire extinguishers are used as primary firefighting equipment to tackle fire emergencies, due to the risk of fires caused by machinery malfunctions and electrical faults. Similarly, the hospitality and healthcare industries deploy fire extinguishers to ensure the safety of their guests and patients, respectively.

Moreover, the growing construction industry, characterised by the rapid urbanisation and increasing infrastructure development projects, is fuelling the portable fire extinguisher market demand. Buildings, whether residential or commercial, must comply with safety regulations, necessitating the installation of fire extinguishers as a critical safety measure.

Furthermore, technological advancements in fire safety equipment design and functionality are further fostering the market growth. Modern portable fire extinguishers are more efficient, easier to use, and come with features such as pressure gauge indicators, safety seals, and quick-release mounting brackets. These features, coupled with the increasing public and private investments in fire safety, are boosting the portable fire extinguisher market development.

Market Segmentation

The market can be divided based on product, extinguishing agent, fire, application, and region.

Market Breakup by Product

• Portable
• Knapsack
• Wheeled

Market Breakup by Extinguishing Agent

• Dry Chemical (Powder)
• Foam
• Carbon Dioxide
• Others

Market Breakup by Fire

• Class A
• Class B
• Class C
• Class D
• Class K

Market Breakup by Application

• Residential
• Commercial
• Industrial

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global portable fire extinguisher market. Some of the major key players explored in the report by Expert Market Research are as follows:

• Amerex Corporation
• Morita Holdings Corporation
• Britannia Fire Ltd.
• Johnson Controls International Plc
• Ceasefire Industries Pvt. Ltd
• Flamestop Australia Pty Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.