Global Portable Fire Extinguisher Market 2020 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast to 2027
Increasing numbers of household and industrial fire causalities are increasing demand for portable extinguishers. In addition, strict government legislation mandating extinguishers to be built are expected to support market growth. Lightweight and easy to transfer extinguishers are growing demand for portable extinguishers. Portable extinguishers are used to get it under control as a first step on the burn. Furthermore, increasing consumer awareness of personal safety and property protection in emergency situations is fueling demand for portable extinguisher.
Furthermore, the government's requirement to mount extinguishers in cars is increasing the need for lightweight extinguishers. To cope with growing demand for portable extinguishers, manufacturers are focusing on making the product more compact and lightweight in importance. Compact and lightweight extinguishers such as fire balls are accessible, thereby increasing product adoption rates. Use of portable extinguishers varies according to type of fire. This factor poses as a market growth obstacle, as there is no single product for all forms of fire. Manufacturers focus on launching extinguishers that can be used in fires of Class A, B, and C as they are the largest form of fires. ABC extinguishers are ideal for use on fire caused by ordinary combustibles, flame-retardant liquids and powered electrical equipment. Although BC level extinguishers are ideal for use on fire caused by flammable liquids and electrical equipment.
Non-residential sector held the largest market share in 2018 and is expected to maintain its lead over the forecast period. Rapidly growing commercial and industrial sector is supporting the product demand in the market. Strict government rules and regulations for fire safety in commercial, industrial, and public areas are increasing the demand for portable extinguishers. Growing safety concerns among consumers is increasing the demand for portable extinguishers in the residential sector.
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Asia Pacific held the largest market share in 2019, and its dominance over the forecast period is expected to persist. Within developing countries such as India and Singapore, the market is driven primarily by demand for large infrastructures. Rapid growth of the region's commercial and industrial sectors fuels demand for portable extinguishers. Reconstruction operations, together with fire safety regulations enforced by governments including the Fire Services Law and the Building Standards Law in Japan and the Building Fire Protection & Prevention Code of Design in China, are increasing the region's demand for products.
Portable Fire Extinguisher Market Revenue & Forecast, (US$ Million), 2015 – 2027
Competitive Landscape
The report provides both, qualitative and quantitative research of portable fire extinguisher market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The major market players include: 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. Key players in the portable extinguisher market are focused on strategies like product innovation. Increasing competition among the players leads to lightweight and portable extinguishers being added. Several regional manufacturers have purposely developed throw-able extinguishers built for residential use.
Portable Fire Extinguisher Market:
By Product Type: (Dry Chemical , Carbon Dioxide)
By Application: (Residential, Non Residential)
By Geography:
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
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