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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Portable Fire Extinguisher Market Outlook
The global portable fire extinguisher market value was estimated at USD 4.20 billion in 2023 and is anticipated to grow from 2024 to 2032 at a CAGR of 6.5%.
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The fire protection sector has always banked on fire extinguishers and will continue to do so as the bedrock on which a full approach for fire protection is established and implemented. Fire protection is constantly undergoing advances as an intangible service and safety, and fire extinguishing techniques are constantly being improved. However, the absence of confidence among end customers in the use and installation of standard fire extinguishers leads to a dramatic shift in the fire protection industry's strategic outlook for producers.
Portable Fire Extinguisher Market Segmentation
Portable fire extinguishers are used to spread extinguishing agent to cool burning fuel and should be chosen based on the type of material and fuel that is burning. Portable fire extinguishers are usually chosen based on whether they meet guidelines like that of Osha and according to their rating system which classify the extinguishers based on the amount of cooling agent it contains.
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The portable fire extinguisher industry can be divided on the basis of segments like extinguishing agents, fire type, end-use, and distribution channel.
The industry can be broadly categorised based on its end-use into:
- Residential
- Commercial and Industrial
- Others
The industry can be divided on the basis of its extinguishing agents as dry chemical based, foam based, carbon dioxide based, water based, and metal based.
The portable fire extinguishers industry can be divided on the basis of fire types as class A, B and C, class A and A&B, class B&C or B, and class D. The industry can be divided on the basis of its distribution channel into online and offline.
The EMR report looks into the regional markets of portable fire extinguisher like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
Portable Fire Extinguisher Market Analysis
The increasing numbers of household and commercial fire causalities are boosting the demand for portable extinguishers. It is anticipated that rigid public regulations requiring extinguishers to be installed will promote the market growth. There is an increasing demand for portable, lightweight, and easy to move extinguishers. The rising adoption of portable fire extinguishers for cars is expected to drive the industry further. Portable extinguishers are used to get fire under control as a first reaction to the fire. In addition, increasing consumer knowledge in emergency situations about private safety and property security is fuelling the demand for the portable extinguisher.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global portable fire extinguisher market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Amerex Corporation
- Morita Holdings Corporation
- Britannia Fire Ltd
- Johnson Controls International Plc
- Ceasefire Industries Pvt. Ltd
- Flamestop Australia Pty. Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Extinguishing Agent |
|
| Breakup by Fire |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global portable fire extinguisher market attained a value of nearly USD 4.20 billion.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The major drivers expected to aid the market growth are the growing consumer awareness regarding safety, increasing demand for lightweight extinguishers, implementation of stringent regulatory policies for public safety and precaution, and the growing technological advancements.
The key market trends guiding the growth of the portable fire extinguisher market include the growing demand for portable fire extinguishers for cars and new product launches by the key players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major extinguishing agents of the product in the market include dry chemical (powder), foam, and carbon dioxide, among others.
The segments based on fire in the market include Class A, Class B, Class C, Class D, and Class K.
Residential, commercial, and industrial are the leading applications of the product in the market.
The various products in the market are portable, knapsack, and wheeled.
The major players in the market are Amerex Corporation, Morita Holdings Corporation, Britannia Fire Ltd, Johnson Controls International Plc, Ceasefire Industries Pvt. Ltd, and Flamestop Australia Pty. Ltd., among others.
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