Global Portable Fire Extinguishers Market Size is estimated to expand rapidly in coming years, at a CAGR of 10.5 % from 2019 to 2027. In 2017, the global market valuation was USD 8.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Fire extinguisher is an active fire safety device used for emergency fire extinguishment. The cylinders consist of an extinguishing agent, pressure gauge, pin and handle.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
In different capacities of extinguishers, fire extinguishers are available on the market. In addition, hand-held and wheeled fire extinguishers are primarily used in various sectors such as universities, colleges, business premises, industrial kitchens and multiple industries around the world for extinction purposes. The preferred and most powerful form of fire extinguisher in the current situation is the dry-chemical firewall segment that will stay in that position in the next few years.
There is an increasing demand for portable extinguishers for lightweight extinguishers that can quickly be transferred. The first response to the fire to control it is using portable extinguishers. Moreover, that consumer awareness about personal safety and property protection in emergencies increases demand for phone extinguishers.
In addition, the requirement of the Government to mount vehicle extinguishers raises the need for light extinguishers. The focus is on making the product more compact and lightweight to meet the growing demand for mobile extinguishers. The product's popularity is rapidly given with lightweight and lean extinguishers such as fireballs.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global portable fire extinguishers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global portable fire extinguishers market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Type Insights: On the basis of product type, global portable fire extinguishers market has been segmented into water, foam, wet chemical, dry powder, carbon dioxide, dry chemical, others. Among which dry chemical portable fire extinguishers segment has accounted for largest share in the global market of portable fire extinguishers. Dry chemicals are very common with consumers because of their ability to be used on fires of class A, B, and C. These are also popular in residential buildings, because all three common forms of household fire can easily be combated. Further helping market growth is relatively low costs and high flexibility.
The high demand for portable carbon dioxide extinguishers is projected to be strongly increasing over the forecast period. Both materials are highly effective in fire forms of class B and K, leaving no damage or residue.
By Application Insights: On the basis of application, global portable fire extinguishers market has been segmented into residential and non-residential. Non-residential sector was in the forecast period with the highest market share in 2018. The fast-growing industrial and commercial industry creates demand for products on the market. The market for portable fire extinguishers is growing with strict governmental regulations and regulations on fire protection in residential, industrial and public areas.
The portable fire extinguishers market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
The largest market share in 2018 was retained in Asia Pacific and its dominance is expected to continue during the forecast period. The market is driven by demand in developing countries like India and Singapore for large infrastructure. The demand for Portable Extinguishers is stepping up quickly in the commercial and industrial sectors of the region. The demand for extinguishers during the estimated timeframe would undoubtedly be enhanced by strict government regulation for mandatory fire extinguishers in various commercial, manufacturing, residential and public areas. In addition, increasing urbanization in different countries will boost development of housing and infrastructure in these regions. The demand for fire extinguisher for installation in high-level buildings and commercial areas will be increased. This could be an important reason why fire extinguishers are expected to drive demand in the forecast period.
Global Portable Fire Extinguishers Market Size, Share Analysis by Region 2019-2027
Increasing fire accidents and property damages over the forecast period is estimated to be the result of significant growth for North America. In fact, several fire insurance companies are pressuring their clients to buy a residential and commercial fire extinguisher. This further enhances fire extinguisher demand and thus stimulates the growth of fire extinguishers sales during the forecast period. Technological developments and increasing competition between various manufacturers of fire extinguishers have brought many compact and lightweight fire extinguishers onto the market. Some new fire extinguishers are expected to attract this and stimulate further the growth of the fire extinguishers market during the forecast period.
Global Portable Fire Extinguishers Market Study Objective
To forecast the market size of portable fire extinguishers market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of portable fire extinguishers market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of portable fire extinguishers market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of portable fire extinguishers market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the portable fire extinguishers market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Hochiki Corporation, Amerex Corporation, Activar Inc., Britannia Fire Ltd., Desautel SaS, Flamestop Australia Pty. Ltd., Hatsuta Seisakusho Co., Ltd., Feuerschutz Jockel Gmbh & Co. Kg, Ceasefire Industries Pvt. Ltd., and Yamato Protec Corporation are some of the key players in the market of portable fire extinguishers. Most innovative fire extinguishers, including foam extinguisher, extinguishers, environmentally friendly extinguishers, carbon dioxide extinguisher, and rim extinguishers, are manufactured by companies. The company is focused on introducing environmentally friendly fire extinguishers without compromising on quality and performance of its products to meet strict environmental rules and regulations.
The strategic focus of the company is to generate added value for the consumer, maximize system effectiveness and increase employee engagement in order to improve financial results. The company’s focus on acquisitions and fusions with emerging market players to expand their business and broaden the portfolio of their products
Global Portable Fire Extinguishers Market Study Report Offer You!
The global portable fire extinguishers market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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