Portable Fire Extinguisher Market Trends and Forecast
The future of the global portable fire extinguisher market looks promising with opportunities in the residential, industrial, construction, commercial, and vehicle markets. The global portable fire extinguisher market is expected to reach an estimated $19.2 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increasing awareness of fire risks and the importance of early fire intervention among consumers, technological advancements in fire extinguisher design, and stringent fire safety regulations and mandates across industries.
• Lucintel forecasts that water-based is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
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United States –Kidde introduced a nationwide campaign promoting home fire safety and offering discounts on portable fire extinguishers. With government initiatives like NFPAÄX%$%Xs Fire Prevention Week, companies aim to raise awareness and encourage households to invest in fire safety equipment.
United Kingdom –Britannia Fire announced plans to expand its manufacturing capacity for portable fire extinguishers to meet growing demand in the UK market. Supported by government regulations promoting fire safety standards, companies aim to ensure widespread availability of reliable fire protection solutions.
Germany –German companies like Gloria and Minimax are investing in R&D to develop innovative portable fire extinguisher designs with improved extinguishing agents and ergonomic features. With government targets for workplace safety, companies aim to enhance fire suppression capabilities and reduce fire-related risks in industrial settings.
China –In China, companies such as Desautels and Tianguang Fire-fighting are ramping up production of portable fire extinguishers to meet the governmentÄX%$%Xs fire safety standards for residential and commercial buildings. With increasing urbanization and infrastructure development, companies target expanding their market presence and ensuring fire preparedness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Portable Fire Extinguisher by Segment
The study includes a forecast for the global portable fire extinguisher by agent type, fire type, distribution type channel, application, and region.
Portable Fire Extinguisher Market by Agent Type [Shipment Analysis by Value from 2018 to 2030]:
• Water-Based
• CO2-Based
• Powder-Based
• Foam-Based
• Others
Portable Fire Extinguisher Market by Fire Type [Shipment Analysis by Value from 2018 to 2030]:
• Class A
• Class B
• Class C
• Class D
• Class K
Portable Fire Extinguisher Market by Distribution Type Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Portable Fire Extinguisher Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Industrial
• Construction
• Commercial
• Vehicles
Portable Fire Extinguisher Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Portable Fire Extinguisher Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies portable fire extinguisher companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the portable fire extinguisher companies profiled in this report include-
• Johnson Controls International
• Ceasefire Industries
• Carrier Global
• Buckeye Fire Equipment Company
• McWane
Recent Development in the Portable Fire Extinguisher Market
Kidde: Kidde launched a new line of portable fire extinguishers equipped with advanced pressure indicators and improved discharge nozzles, enhancing user experience and ensuring reliable fire suppression in various settings.
Amerex Corporation: Amerex Corporation introduced a next-generation portable fire extinguisher series featuring enhanced durability and extended service life, meeting the increasing demand for reliable fire protection solutions in commercial and industrial applications.
BRK Brands, Inc.: BRK Brands, Inc. announced the development of smart portable fire extinguishers integrated with IoT technology, enabling remote monitoring and automatic alerts for maintenance and usage, enhancing fire safety management in residential and commercial settings.
Buckeye Fire Equipment Company: Buckeye Fire Equipment Company launched a new line of eco-friendly portable fire extinguishers utilizing sustainable extinguishing agents, aligning with the growing trend towards environmentally conscious fire protection solutions.
Features of the Global Portable Fire Extinguisher Market
Market Size Estimates: Portable fire extinguisher market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Portable fire extinguisher market size by various segments, such as agent type, fire type, distribution type channel, application, and region in terms of value ($B).
Regional Analysis: Portable fire extinguisher market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different agent types, fire types, distribution type channels, applications, and regions for the portable fire extinguisher market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the portable fire extinguisher market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the portable fire extinguisher market size?
Answer: The global portable fire extinguisher market is expected to reach an estimated $19.2 billion by 2030.
Q2. What is the growth forecast for portable fire extinguisher market?
Answer: The global portable fire extinguisher market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the portable fire extinguisher market?
Answer: The major drivers for this market are increasing awareness of fire risks and the importance of early fire intervention among consumers, technological advancements in fire extinguisher design and stringent fire safety regulations and mandates across industries.
Q4. What are the major segments for portable fire extinguisher market?
Answer: The future of the portable fire extinguisher market looks promising with opportunities in the residential, industrial, construction, commercial, and vehicle markets.
Q5. Who are the key portable fire extinguisher market companies?
Answer: Some of the key portable fire extinguisher companies are as follows:
• Johnson Controls International
• Ceasefire Industries
• Carrier Global
• Buckeye Fire Equipment Company
• McWane
Q6. Which portable fire extinguisher market segment will be the largest in future?
Answer: Lucintel forecasts that water-based is expected to witness the highest growth over the forecast period.
Q7. In portable fire extinguisher market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the portable fire extinguisher market by agent type (water-based, CO2-based, powder-based, foam-based, and others), fire type (Class A, Class B, Class C, Class D, and Class K), distribution type channel (online and offline), application (residential, industrial, construction, commercial, and vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Portable Fire Extinguisher Market Market, Portable Fire Extinguisher Market Market Size, Portable Fire Extinguisher Market Market Growth, Portable Fire Extinguisher Market Market Analysis, Portable Fire Extinguisher Market Market Report, Portable Fire Extinguisher Market Market Share, Portable Fire Extinguisher Market Market Trends, Portable Fire Extinguisher Market Market Forecast, Portable Fire Extinguisher Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.