USD 9.93 billion
Portable Fire Extinguisher Market Size, Share, Growth Analysis, By Agent(Dry Chemical, Carbon Dioxide), By Fire type(Class A, Class B) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2167 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
80
Portable Fire Extinguisher Market Insights
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).
A key component of the overall fire safety industry, the global portable fire extinguisher market is essential to reducing fire-related dangers in the residential, commercial, and industrial sectors. These portable tools are made to quickly put out tiny fires so that they don't grow into bigger, more devastating conflagrations. Strict fire safety rules, a rising understanding of the value of being prepared for a fire, and an increase in the adoption of fire safety measures by both households and companies are important market drivers. The market offers a wide variety of fire extinguisher types, each designed to put out a particular sort of fire. Examples include dry chemical, foam, carbon dioxide, water, and halon extinguishers. The need for portable extinguishers and other fire protection equipment has increased as a result of urbanization and industrialization, especially in developing nations. Technology improvement has also resulted in the creation of accessible and more effective extinguisher designs, which has further fueled market expansion.
US Portable Fire Extinguisher Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Dry Chemical
Fastest Growth
Dry Chemical
Growth Rate
9.1% CAGR
Global Portable Fire Extinguisher Market ($ Bn)
Country Share for North America Region (%)
Global Portable Fire Extinguisher Market By Agent ($ Bn)
Global Portable Fire Extinguisher Market By Agent (%)
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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.
Portable Fire Extinguisher Market Analysis By Agent
Dry chemical fire extinguishers have long dominated the global portable fire extinguishers market. These extinguishers are adaptable and efficient against a variety of fire types, including Class A (combustibles like wood and paper that burn normally) and Class B (flammable liquids like gasoline and oil). They function by halting the fire's chemical reaction and creating a barrier between the fuel and the oxygen the fire needs to burn.
On the contrary, carbon dioxide fire extinguishers have been the market sector with the highest growth, thanks to their efficiency and low impact on delicate equipment. In cases involving electrical fires and flames brought on by flammable liquids, these extinguishers are frequently employed. By diverting the oxygen that fuels the fire, CO2 extinguishers effectively contain it. They are perfect for settings that include electronics and other items because they don't leave any residue behind.
Portable Fire Extinguisher Market Analysis By Fire Type
Class C is the dominant segment in the global portable fire extinguisher market, it could be due to several factors, including the prevalence of electrical equipment and systems in various industries. Class C fires frequently occur in locations with a lot of electrical equipment, such as offices, IT rooms, data centers, and manufacturing facilities since they are prone to Class C fires. Fires in this category include those that are started by flammable gasses like propane, hydrogen, natural gas, and other compounds of the same kind. Due to the possibility of receiving an electrical shock, using water to put out such fires can be hazardous. Due to the fact that carbon dioxide (CO2) is electrically inert and displaces oxygen, thus smothering the fire, CO2 fire extinguishers are frequently employed for Class C fires.
However, Class B is the fastest-growing segment ascribing to elements like growing industrial activity, the production of automobiles, and other industries that use volatile liquids. The demand for efficient fire protection measures in such situations increases as industries grow and technology advances. This category includes fires that are started by combustible liquids like oil, grease, and other compounds of a similar kind. These fires are common in places like kitchens, workshops, and locations with machinery that utilizes or creates flammable liquids because they are capable of spreading quickly. For Class B fires, foam, dry chemical, and CO2 extinguishers are frequently utilized.
Global Portable Fire Extinguisher Market By Agent , 2023 (%)
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Portable Fire Extinguisher Market Regional Insights
One of the key geographical markets for portable fire extinguishers has been North America. The demand for portable fire extinguishers and other fire safety equipment has increased as a result of the strict fire safety rules and standards in nations like the United States and Canada. Additionally, the stronghold of this region in the market has been attributed to a robust industrial and commercial sector as well as an elevated awareness of fire safety.
Asia-Pacific exhibits impressive growth in terms of the market that is expanding the fastest. The industrialization, infrastructure, and urbanization of the Asia-Pacific area have all been accelerating quickly. As a result, there has been an increase in demand for fire safety tools like portable fire extinguishers. The building, manufacturing, and commercial sectors—three important industries that are propelling the demand for fire safety equipment—have seen significant investment from nations like China, India, and Southeast Asian countries. The expansion of the market in this area has also been aided by the rising awareness of fire safety precautions and the expansion of workplace safety legislation.
Global Portable Fire Extinguisher Market By Geography, 2024-2031
- Largest
- Fastest
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Portable Fire Extinguisher Market Dynamics
Portable Fire Extinguisher Market Drivers
Stringent Fire Safety Regulations:
- Many nations have enacted stringent building standards and fire safety rules that require the installation of fire extinguishers in a variety of public areas, commercial structures, apartment buildings, and industrial sites. The necessity for portable fire extinguishers is fueled by these rules since they force people as well as companies to abide by the law in order to maintain fire safety.
Rising Awareness of Fire Safety:
- The demand for portable fire extinguishers is rising as people and organizations become more aware of fire safety. Incidents involving fire can endanger human life and result in considerable property damage. The installation of fire extinguishers in strategic areas is only one example of the increased emphasis on safeguards as people become more aware of these threats.
Portable Fire Extinguisher Market Restraints
Competition from Alternative Fire Suppression Technologies:
- Other fire-fighting technologies, such as automatic sprinkler systems, fire suppression gasses, and sophisticated automated detectors and suppression systems, compete with portable fire extinguishers. These substitutes might provide more sophisticated and effective fire defense, thus restricting the market expansion for portable fire extinguishers.
Maintenance and Training Challenges:
- Portable fire extinguisher use requires appropriate maintenance and training to be successful. Businesses and people alike need to make sure that their fire extinguishers are routinely examined, kept in good working order, and that staff members are instructed in their proper use. These factors may go unnoticed or be ignored, which may result in a poor fire response and affect how valuable the market is viewed.
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Portable Fire Extinguisher Market Competitive Landscape
The fight for supremacy among the major competitors in the global portable fire extinguisher market is fierce. Long-standing producers like Amerex Corporation, Kidde Fire Systems, and First Alert keep innovating their product lines while putting an emphasis on cutting-edge technology like intelligent fire extinguishers and environmentally safe extinguishing chemicals. By offering affordable and effective solutions, new entrants like Ceasefire Industries and FlameGuard Fire Protection are quickly gaining ground. Strict safety rules, a growing awareness of fire risks, and an increase in industrial and residential structures are some of the reasons that contribute to the market's competitiveness. Partnerships, mergers, and acquisitions are often used tactics to increase geographic reach and product portfolios. Companies are focusing on user-friendly designs, ease of maintenance, and increased product life spans as the industry develops in order to stay ahead in this fast-moving environment.
Portable Fire Extinguisher Market Top Player’s Company Profile
- Amerex Corporation (USA)
- Kidde Fire Systems (USA)
- Tyco Fire Protection Products (USA)
- Johnson Controls (USA)
- Britannia Fire Ltd. (UK)
- Minimax (Germany)
- Ceasefire Industries Pvt. Ltd. (India)
- Desautel (France)
- Firetronics (Singapore)
- Strike First Corporation (USA)
- Flamestop Australia Pty Ltd (Australia)
- Amerex Fire International Ltd. (UK)
- Elide Fire (Thailand)
- General Electric (USA)
- Fike Corporation (USA)
- Marioff Corporation Oy (Finland)
- Ansul Incorporated (USA)
- Gloria (Germany)
- NAF Sverige AB (Sweden)
- National Fire Equipment Ltd. (Canada)
- Safex Fire Services Ltd. (India)
- Saval BV (Netherlands)
- Yokohama Rubber Company (Japan)
- TianGuang (China)
- Larsen's Manufacturing Company (USA)
Portable Fire Extinguisher Market Recent Developments
- In March 2023, Kidde reported the launch of its new product line of portable fire extinguishers. The new extinguishers are manufactured to be more user-friendly and effective, and they adhere to all the current fire safety regulations.
- In April 2023, Amerex Corporation purchased Fire-Kill, Inc., a manufacturer of portable fire extinguishers. Amerex will be able to penetrate new markets and diversify its product line thanks to this acquisition.
- In May 2023, the debut of Johnson Controls International PLC's new fire safety software platform was announced. The platform is made to assist businesses in enhancing their compliance with fire safety regulations and lowering the danger of fire.
- In June 2023, Siemens AG released its new line of fire detection and suppression systems. The new systems adhere to the most recent fire safety regulations and are made to be more dependable and energy-efficient.
Portable Fire Extinguisher Key Market Trends
- Growing Emphasis on Fire Safety and Regulations: The rising emphasis on fire safety regulations and standards spanning different industries and locations is a significant trend in the portable fire extinguisher market. Stricter fire safety requirements are being enforced by governments and regulatory agencies worldwide in workplaces, public structures, residential areas, and industrial sites. The need for portable fire extinguishers that adhere to these rules, including the use of particular extinguishing agents for different types of fires (Class A, B, C, etc.), has been stimulated by this. The market has seen increase in the use of modern portable fire extinguishers that are efficient, simple to use, and meet the necessary standards as businesses and individuals become more aware of risks associated with fire.
- Technological Advancements and Innovation: The incorporation of cutting-edge technologies and creative features into fire extinguisher designs is another trend in the portable fire extinguisher industry. To produce fire suppression systems that are more effective and user-friendly, manufacturers have been spending money on R&D. Extinguishers with better discharge mechanisms, ergonomic designs, longer shelf life, and increased efficacy against a wider range of fire types are some examples of this. In addition, the adoption of intelligent technologies, such IoT (Internet of Things) sensors, has begun to take off. These sensors can be incorporated into fire extinguishers to keep an eye on them, send out instant notifications, and facilitate better maintenance.
Portable Fire Extinguisher Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global portable fire extinguisher market analysis, the market contributes significantly to fire safety by providing convenient and portable ways to put out small-scale flames. This market includes a wide variety of fire extinguisher types designed to handle different fire classes, including dry chemical, foam, CO2, water, and more. The market is being driven by factors such strict fire safety requirements across industries, growing public awareness of the value of fire readiness, and expanding residential and commercial infrastructure. The market is also growing as a result of increased urbanization, industrialisation, and workplace safety attention. Important market participants compete by coming up with new ideas, differentiating their products, and growing their distribution networks. Extinguisher designs have improved as a result of technological developments, making them more effective and convenient to operate. Counterfeit goods, maintenance problems, and alternate firefighting strategies like automatic sprinklers, however, continue to cause problems. Emerging nations, where fire safety standards are changing, and industries including energy, construction, and transportation present prospective growth opportunities for the industry. The Global Portable Fire Extinguisher Market is projected to continue growing as long as fire safety is a top priority. The market's dynamics are going to continue to be shaped by ongoing awareness efforts, technology advancements, and partnerships with regulatory agencies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.93 billion |
| Market size value in 2031 | USD 21.75 billion |
| Growth Rate | 9.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Portable Fire Extinguisher Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Portable Fire Extinguisher Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Portable Fire Extinguisher Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Portable Fire Extinguisher Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Portable Fire Extinguisher Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Portable Fire Extinguisher Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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