Global Portable Fire Extinguisher Market Size, Share, Growth Analysis, By Agent(Dry Chemical, Carbon Dioxide), By Fire type(Class A, Class B)

Description

Global Portable Fire Extinguisher Market size was valued at USD 9.93 billion in 2022 and is poised to grow from USD 10.83 billion in 2023 to USD 21.75 billion by 2031, growing at a CAGR of 9.1% during the forecast period (2024-2031).

An integral part of the broader fire safety sector, the global market for portable fire extinguishers plays a vital role in mitigating fire risks across residential, commercial, and industrial settings. These compact devices are engineered to swiftly suppress small fires, preventing their escalation into larger, more catastrophic blazes. Driving factors include stringent fire safety regulations, growing awareness of the importance of fire readiness, and heightened adoption of fire safety protocols by both households and businesses. Offering a diverse range of extinguisher types tailored to specific fire classes such as dry chemical, foam, carbon dioxide, water, and halon, the market responds to varied fire scenarios. The demand for portable extinguishers and other fire protection solutions has surged due to urbanization and industrial expansion, particularly in developing nations. Technological advancements have further spurred market growth, leading to the development of more accessible and efficient extinguisher models.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Portable Fire Extinguisher Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Portable Fire Extinguisher Market Segmental Analysis

By Agent, the market is divided into Dry Chemical, Carbon Dioxide, Water, Foam, and Others. The market is divided into Class A, Class B, Class C, Class D, Class K by Fire Type. Based on Application, the market is sectioned into Residential, Non-residential. Based on region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Portable Fire Extinguisher Market

Numerous countries have implemented rigorous building codes and regulations regarding fire safety, mandating the placement of fire extinguishers in diverse settings such as public spaces, commercial establishments, residential complexes, and industrial facilities. The requirement for portable fire extinguishers arises from these regulations, compelling both individuals and businesses to comply with legal mandates to uphold fire safety standards.

Restraints in the Global Portable Fire Extinguisher Market

Advanced fire-fighting technologies like automatic sprinkler systems, fire suppression gases, and sophisticated automated detectors and suppression systems vie for attention alongside portable fire extinguishers. These alternatives offer potentially superior and more intricate fire defense mechanisms, thereby limiting the market growth potential for portable fire extinguishers.

Market Trends of the Global Portable Fire Extinguisher Market

A notable trend in the portable fire extinguisher market is the growing emphasis on fire safety regulations and standards across various industries and locations. Governments and regulatory agencies worldwide are enforcing stricter fire safety requirements in workplaces, public structures, residential areas, and industrial sites, prompting the need for portable fire extinguishers that comply with these regulations. This includes the utilization of specific extinguishing agents for different types of fires (Class A, B, C, etc.). Consequently, there is an uptick in the adoption of modern portable fire extinguishers that are efficient, user-friendly, and meet the necessary standards, driven by increasing awareness among businesses and individuals of the risks associated with fire.

Product Code: SQMIG20D2167

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Portable Fire Extinguisher Market by Agent

Market Overview
Dry Chemical
Carbon Dioxide
Water
Foam
and Others

Global Portable Fire Extinguisher Market by Fire type

Market Overview
Class A
Class B
Class C
Class D
and Class K

Global Portable Fire Extinguisher Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Amerex Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kidde Fire Systems (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tyco Fire Protection Products (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Johnson Controls (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Britannia Fire Ltd. (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Minimax (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ceasefire Industries Pvt. Ltd. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Desautel (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Firetronics (Singapore)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Strike First Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Flamestop Australia Pty Ltd (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amerex Fire International Ltd. (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Elide Fire (Thailand)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
General Electric (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fike Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Marioff Corporation Oy (Finland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ansul Incorporated (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gloria (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NAF Sverige AB (Sweden)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
National Fire Equipment Ltd. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Safex Fire Services Ltd. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saval BV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yokohama Rubber Company (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
TianGuang (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Larsen's Manufacturing Company (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Portable Fire Extinguisher Market Size, Share, Growth Analysis, By Agent(Dry Chemical, Carbon Dioxide), By Fire type(Class A, Class B) - Industry Forecast 2023-2030