Global portable fire extinguisher markets were valued at USD 8.9 billion in 2018. They are expected to grow at 10.2% CAGR between 2019 and 2025. Portable extinguishers are in high demand due to the rising number of fire-related deaths in commercial and residential premises. Market growth will also be supported by strict government regulations that require extinguishers to be installed.
Portable extinguishers are in high demand due to their lightweight and portability. As an emergency response, portable extinguishers can be used to put out the flames and get it under control. The demand for portable extinguishers is also growing due to increased awareness of personal safety and property protection in emergency situations. According to the National Fire Protection Association, (NFPA), fires caused property damage of USD 13.6 Billion in 2016 and resulted in the deaths of 3,390 people. Fire Extinguishing Trades Association and Independent Fire Engineering and Distributors Association (IFEDA), conducted a study to determine the effectiveness of portable extinguishers in 2100 fire situations in the U.K. They found that it was effective in extinguishing the fire in 80% of cases and that the fire department was not required in 75%.
Lightweight extinguishers are also in high demand due to the mandate by the government to install extinguishers into automobiles. To meet the growing demand for portable extinguishers, manufacturers are working to make their products lighter and more compact. Fireballs are a lightweight and compact extinguisher that is being increasingly popular.
There are many factors that affect the use of portable extinguishers. Market growth is being hampered by this factor. There is no universal product that can be used on all fire types. Because these are the most common types of fire, manufacturers are working to launch extinguishers that are compatible with Class A, B and C fires. ABC-rated extinguishers can be used on fires caused by ordinary combustibles and flammable liquids. BC rating extinguishers can be used on fires caused by flammable liquids or energized electric equipment.
The market can be divided by application into residential and commercial. The largest market share was held by the non-residential segment in 2018, and it is expected to continue its dominance over the forecast period. The market is supported by the rapidly expanding commercial and industrial sectors. The demand for portable extinguishers is increasing due to strict government regulations and fire safety rules in public, industrial and commercial areas.
The fastest expected growth is in the residential segment over the forecast period. This is due to increasing fire casualties, property damage, and safety concerns from consumers. According to the National Fire Protection Association, cooking equipment is the most common cause of fire in homes. Smoking materials were second from 2012 to 2016. Consumer safety concerns are driving consumers to purchase portable extinguishers for their homes.
The market for portable fire extinguishers can be divided by product type into dry chemical, carbon dioxide and water. The largest market share was held by dry chemical portable extinguishers in 2018, and they are expected to grow the fastest over the forecast period. Dry chemical is very popular among consumers due to its versatility. It can be used on all classes of fires, including class A, B and C. They are also commonly used in residential buildings because they can be used to combat all three types of household fires. The market is also supported by its low price and versatility.
Due to the high demand for carbon dioxide portable extinguishers in commercial spaces, they are expected to see strong growth. These extinguishers are extremely effective in class B fires and K fires, and leave no collateral or residue. Water and foam extinguishers will also see significant growth in the future. Foam extinguishers' cooling effect reduces the chance of re-ignition and makes them more efficient. The high cost of portable extinguishers poses a problem for growth. Water extinguishers can be purchased cheaply and are often used by consumers. They can only be used to extinguish a class A fire. This is limiting market growth.
Asia Pacific held the largest market share for 2018 and will continue to hold that position over the forecast period. This market is mainly driven by the demand for large infrastructures, such as those in India and Singapore. The demand for portable extinguishers is increasing due to the rapid growth in the industrial and commercial sectors of the region. The region is seeing a rise in product demand due to reconstruction activities and fire safety codes such as the Building Standards Law in Japan, Fire Services Law, and Fire Services Law in Japan, and the Code of Design for Building Fire Protection & Prevention, in China.
Over the forecast period, the fastest-growing markets are Africa and the Middle East. Recovering oil prices, government initiatives and updated fire and life safety codes are driving high demand in this region. One of the main drivers for portable extinguishers in the region is the growing hospitality industry. North America will experience significant growth due to the increasing number of fires and property damage over the forecast period.
Hochiki Corporation, Amerex Corporation, Activar Inc., Britannia Fire Ltd., Desautel SaS and Flame stop Australia Pty. are major market players. Ltd.; Hatsuta Seisakusho Co., Ltd.; Feuerschutz Jockel Gmbh & Co. Kg; Ceasefire Industries Pvt. Ltd.; Yamato Protec Corporation. The key players in the portable extinguisher market are focusing their efforts on product innovation. The introduction of portable and compact extinguishers is a result of increased competition. Regional manufacturers have developed throw-able extinguishers specifically for residential use. Ceasefire Industries Pvt. Ltd. launched the designer series of home extinguishers, which are ideal for home use and easier to use because they have a lightweight 'point-and-shoot' design.
This report forecasts revenue growth at all levels, including country, regional and global. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2015 to 2025. Grand View Research divided the global portable fire extinguisher industry report by product type, region, and application.
Product Type Outlook (Revenue USD Million, 2015-2025)
Dry Chemical
Carbon Dioxide
Water
Foam
Other
Application Outlook (Revenue USD Million, 2015-2025)
Residential
Non-residential
Regional Outlook (Revenue USD Million, 2015-2025)
North America
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa (MEA)
Saudi Arabia
b. The market for portable fire extinguishers was valued at USD 9,218.7 millions in 2019, and is forecast to grow to USD 10,346.4 million by 2020.
What is the market growth in portable fire extinguishers?b. Global portable fire extinguisher markets are expected to expand at a compound annual rate of 10.2% between 2019 and 2025, reaching USD 15,985.2 millions by 2025.
Which market segment had the largest share of portable fire extinguishers?b. With a 37.5% share in 2019, dry chemical extinguisher was the dominant portable fire extinguisher on the global market. Its increasing use in residential buildings is partly responsible for its ability to combat all three types of household fires.
What are the main players in the portable fire extinguisher industry?b. Activar Inc., Britannia Fire Ltd., Desautel SaS and Flamestop Australia Pty. Ltd. are some of the key players in the global portable extinguisher market. Ltd.; Hatsuta Seisakusho Co., Ltd.; Feuerschutz Jockel Gmbh & Co. Kg; Ceasefire Industries Pvt. Ltd.; Yamato Protec Corporation.
What are the main factors that drive the portable fire extinguisher industry?b. The market for portable fire extinguishers is growing due to the increasing number of fire deaths in commercial and residential premises, and strict government regulations requiring the installation of extinguishers.
Up Market Research published a new report titled “Portable Fire Extinguisher Market research report which is segmented by Application (Non-residential, Residential), by Product Type (Dry Chemical, Carbon Dioxide), By Players/Companies Hochiki Corporation; Amerex Corporation; Activar Inc; Britannia Fire Ltd; Desautel SaS; Flamestop Australia Pty Ltd; Hatsuta Seisakusho Co, Ltd; Feuerschutz Jockel Gmbh & Co Kg; Ceasefire Industries Pvt Ltd; and Yamato Protec Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Portable Fire Extinguisher Market Research Report |
By Application | Non-residential, Residential |
By Product Type | Dry Chemical, Carbon Dioxide |
By Companies | Hochiki Corporation; Amerex Corporation; Activar Inc; Britannia Fire Ltd; Desautel SaS; Flamestop Australia Pty Ltd; Hatsuta Seisakusho Co, Ltd; Feuerschutz Jockel Gmbh & Co Kg; Ceasefire Industries Pvt Ltd; and Yamato Protec Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 230 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Non-residential, Residential), by Product Type (Dry Chemical, Carbon Dioxide).
Portable Fire Extinguisher Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Portable Fire Extinguisher Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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