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Portable Fire Extinguisher Global Market Analysis, Trends, Growth, Research And Forecast 2033
Portable Fire Extinguisher Global Market
As per the report, the portable fire extinguisher market size has grown strongly in recent years. It will grow from $7.54 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The portable fire extinguisher market size is expected to see strong growth in the next few years. It will grow to $11.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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The Role Of Increasing Transportation Vehicles In Boosting The Portable Fire Extinguisher Market
The rise in the number of transportation vehicles is expected to propel the growth of the portable fire extinguisher market going forward. Transportation vehicles are designed and used to transport people, goods, or both from one location to another. Portable fire extinguishers are used as safety measures in many vehicles like buses, coaches, and minibuses to help combat fires on board. Also, it is mandatory for the government in a few countries to install portable fire extinguishers in those vehicles that carry or transport inflammable material to improve road safety. For instance, in January 2023, according to the National Automobile Dealers Association (NADA), a US-based trade organization, there were 13.7 million new light-vehicle sales in the United States, with 14.6 million new light-vehicle sales expected in 2023, representing a 6.6% increase above 2022 predictions. Therefore, the rise in the number of vehicles is driving the growth of the portable fire extinguisher market.
Innovative Advancements In Portable Fire Extinguishers For Enhanced Aircraft Fire Safety
Major companies operating in the portable fire extinguisher market are focused on innovating new products to sustain their position in the market. For instance, in January 2021, CASP Aerospace, a Canada-based product design company, launched the Halotron BrX (stabilized 2-BTP)-filled 375H673 portable fire extinguisher. This new-generation portable aircraft fire extinguisher with a hose is ecologically friendly and suitable for new construction and retrofit installations. It features a bracket that is 16G-rated and has the same hole pattern as the bracket for the extinguishers' previous model, the B722538. Users may concentrate their firefighting efforts directly on blazes in confined spaces, such as beneath seats or within overhead bins, with the flexible hose attachment. The 375H673 covers the void left by other 2-BTP-loaded extinguishers that can only be purchased with a nozzle attachment.
The portable fire extinguishers market covered in this report is segmented -
1) By Agent Type: Chemical-based, Water-based, CO2-based, Metal-based, Powdered-based, Foam-based.
2) By Fire Type Outlook: Class A, Class B, Class C, Class D, Class K.
3) By Distribution Channel: Online, Offline.
4) By Application: Residential, Industrial, Manufacturing, Construction, Warehouse, Factories, Commercial, Vehicles.
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Major companies operating in the portable fire extinguisher market report are Hochiki Corporation, Raytheon Technologies Corp, Johnson Controls International PLC, Morita Holdings Corporation, Nationwide Fire Extinguishers, Minimax GmbH & Company KG, Britannia Fire, Ansul, First Alert Inc., Kidde Fire Systems, Yamato Protec Corporation, Ceasefire Industries Pvt Ltd., Desautel, Activar Construction Products Group, Tyco Fire Products LP, Jorgensen Co, FlameStop Australia Pty. Ltd., Kanex Fire, JL Industries Inc., Safelincs Ltd., Fireboy-Xintex, Safety Technology International Inc. (STI), Strike First Corporation, Buckeye Fire Equipment, Badger Fire Protection, Elide Fire USA, Feuerschutz Jockel GmbH & Co KG, Hatsuta Seisakusho Co Ltd., Fest Fire Security
Contents of the report:
1. Executive Summary
2. Portable Fire Extinguisher Market Report Structure
3. Portable Fire Extinguisher Market Trends And Strategies
4. Portable Fire Extinguisher Market - Macro Economic Scenario
5. Portable Fire Extinguisher Market Size And Growth
…..
27. Portable Fire Extinguisher Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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