Global Portable Fire Extinguisher Market, By Extinguishing Agents (Dry Chemical, Foam, Carbon Dioxid

Published Date: | Report Code : EQ1958637

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The Portable Fire Extinguisher Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Industrial, Commercial, Residential during the forecast period.

Fire extinguishers are used to expose fires and save property and life losses. The component of the fire extinguisher includes a handheld cylindrical pressure vessel that contains an agent that can be released to extinguish a fire. With the increase in fire safety concerns, it has become mandatory to be equipped with the fire extinguisher for every commercial and residential complex. Nowadays, several players are investing in low-cost manufacturing and light-weight fire extinguishers.

Segment Analysis:

Increase in worldwide sector fire safety standards and rigid public laws increase fire extinguisher market growth. High fire extinguishers price, however, hinders market growth. Regardless of these problems, the building and healthcare industry's demand for mobile and automatic fire extinguishers is anticipated to unfold numerous fresh product possibilities and increase market growth.

Increasing demand for fire extinguishers is growing in both business and residential construction, which consequently increases demand for mobile fire extinguishers.

The installation of handheld fire extinguishers is compulsory in different nations around the globe as per public regulations. Increasing the demand for business & industrial mobile fire extinguishers is increasing in business institutions, factories, production plants, warehouses, etc.

Transport cars carrying flammable and hazardous substances are required to perform mobile fire extinguishers in different nations as required by law. Health and Safety Executive of the United Kingdom (HSE) reports. Under the ADR regulations, vehicles weighing 3.5 tons must carry a minimum 2 kg portable dry powder fire extinguisher and an additional 2 kg. An 8 kg dry powder portable fire extinguisher must be carried by vehicles weighing between 3.5 tonnes and 7.5 tonnes. Vehicles weighing more than 7.5 tonnes must carry a 12 kg complete portable fire extinguisher. The increase in the amount of motor vehicles worldwide is growing the demand for mobile fire extinguishers.

Key Factors Impacting Market Growth:

  • Supportive government regulations

  • Rising demand for fire extinguishers in business and residential construction

  • Fire insurance agencies making fire extinguisher mandatory for their customers

Regional Outlook:

Major regions for portable fire extinguisher market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for portable fire extinguisher owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Industrial, Commercial, Residential. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for portable fire extinguisher market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Industrial, Commercial, Residential are estimated to register high demand for portable fire extinguisher market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of portable fire extinguisher market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for portable fire extinguisher market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Amerex Corporation, Kanexfire, BRK Electronics, Rusoh, Inc, Kidde, Ansul, Minimax GmbH & Co. KG, Nationwide Fire Extinguishers, Badger fire extinguisher, First alert.

Market Segmentation:

By Extinguishing Agents:

  • Dry Chemical

  • Foam

  • Carbon Dioxide

  • Other

By Product:

  • Multipurpose Dry Chemical

  • Regular Dry Chemical

  • Portable Fire Extinguisher

  • Automatic Fire Extinguishers

  • Others

By End user:

  • Industrial

  • Commercial

  • Residential

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Extinguishing Agents

    • By Product

    • By End User

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Extinguishing Agents

    • By Product

    • By End User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Extinguishing Agents

    • By Product

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Extinguishing Agents

    • By Product

    • By End User

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Extinguishing Agents

    • By Product

    • By End User

  • Rest of the World

    • By Region (South America, Africa)

    • By Extinguishing Agents

    • By Product

    • By End User

Reasons To Buy This Report:

  • Market size estimation of the Portable Fire Extinguisher market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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