The Global Portable Fire Extinguisher Market size was estimated to be US$ 7.8 billion in 2019 and expected to grow at a CAGR of 9% through 2030.
Fire extinguisher is a critical component of fire safety and emergency response system across residential, commercial and industrial facilities. Portable fire extinguishers are used as first response to fire and are adopted across the globe. Different types of portable fire extinguishers are used depending on nature and source of fire. The number of fire outbreak incidences has increased significantly, causing severe damage to life and property.
According to the National Fire Protection Association (NFPA), in the United States, losses in property damage were around US$ 11 billion in 2018, up 3.7% from 2017. This has triggered effective structuring of emergency fire response systems across residential and commercial complexes. Increasing number of residential and commercial facilities and rising awareness regarding fire safety are the key factors driving the growth of portable fire extinguishers globally. The global portable fire extinguisher market is expected to grow significantly during the forecast period.
North America contributed a dominating share to the global portable fire extinguisher market in 2019 owing to increasing incidences of fire in residential and commercial facilities and enactment of stringent fire safety regulations across the United States and Canada. Development of new residential infrastructure is expected to offer prominent growth opportunities to the portable fire extinguisher manufacturers operating in the region.
Asia Pacific is expected to be the fastest growing region during the forecast period owing to industrial expansion and growth in number of residential buildings across major countries. Rising adoption across emerging economies fueled by growing awareness regarding fire safety is expected to fuel the growth of Asia Pacific portable fire extinguisher market during the forecast period.
Portable Fire Extinguisher Market Share Analysis, by Geography (2021)
The report titled “Portable Fire Extinguisher Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global portable fire extinguisher market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Johnson Controls International Plc. reported revenues of US$ 31,400 million in 2018 and the product segment analysis of the company indicates that Building Technologies & Solutions business segment of the company dominated revenue in 2018.
The global portable fire extinguisher market is segmented on the basis of product type, end use, and geography. Based on product type, the global portable fire extinguisher market is segmented into dry chemical, carbon dioxide, water, foam, and others. Based on end use, the global portable fire extinguisher market is segmented into residential, commercial and industrial. Based on geography, the global portable fire extinguisher market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on portable fire extinguishers. Further, market share of prominent companies in the global portable fire extinguisher market would also be estimated. For instance, Johnson Controls International Plc. operates through two segments namely Building Technologies & Solutions and Power Solutions. The portable fire extinguisher products are delivered under Building Technologies & Solutions business segment of the company with revenue contribution of US$ 23,400 million in 2018.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the portable fire extinguisher companies. The global portable fire extinguisher market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the portable fire extinguisher business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global portable fire extinguisher market.
Major players active in the global portable fire extinguisher market include Activar Inc., Amerex Corporation, Britannia Fire Ltd., Ceasefire Industries Pvt. Ltd., Desautel SaS, Fest Fire Security, Feuerschutz Jockel Gmbh & Co. Kg, Fike Corporation, Flamestop Australia Pty. Ltd., Hatsuta Seisakusho Co., Ltd., Hochiki Corporation, Johnson Controls International Plc., Morita Holdings Corporation, United Technologies Corporation, and Yamato Protec Corporation.
By Product Type
- Dry Chemical
- Carbon Dioxide
By End use
- North America
- South America
- The Middle East and Africa