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Portable Fire Extinguisher Market: Major Trends Reshaping the Future of the Industry
Portable Fire Extinguisher
What Will the Portable Fire Extinguisher Industry Market Size Be by 2025?
There has been consistent expansion in the size of the portable fire extinguisher market in the past few years. The market size is projected to increase from $6.87 billion in 2024 to $7.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.3%. The growth observed in the historic period can be credited to factors such as rigorous fire safety rules, industrial development, advancement in commercial infrastructure, stringent fire safety laws, and rising urbanization.
What's the Long-Term Growth Forecast for the Portable Fire Extinguisher Market Size Through 2029?
The market for portable fire extinguishers is predicted to experience a significant increase in size over the coming years. It is projected to reach $8.9 billion by 2029, with an annual compound growth rate (CAGR) of 5.8%. This expected growth within the forecast period may be due to factors such as innovative fire safety solutions, a renewed focus on safety within residential areas, the expansion of e-commerce, escalating construction activities, and global climate fluctuations. Key trends anticipated during this forecast period incorporate strategic partnerships, advancements in technology, the integration of IoT for monitoring, eco-friendly extinguishing substances, and advanced fire detection technologies.
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What Are the Key Growth Drivers Fueling the Portable Fire Extinguisher Market Expansion?
The portable fire extinguisher market is set to grow, driven by an escalation in the quantity of transportation vehicles. These vehicles, which are engineered to carry individuals or goods from one place to another, often utilize portable fire extinguishers as safety precautions, especially in vehicles like minibuses, buses, and coaches. To enhance road safety, certain countries' governments necessitate the installation of portable fire extinguishers in vehicles that ferry or transport inflammable materials. In reference to the National Automobile Dealers Association (NADA), a US-specific trade group, data from January 2023 recorded new light-vehicle sales in the United States at 13.7 million, with projections for 2023 indicating 14.6 million sales. This anticipated rise, a 6.6% increment from 2022 forecasts, underscores the correlation between the increasing vehicle count and the expansion of the portable fire extinguisher market.
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Which Emerging Trends Are Transforming the Portable Fire Extinguisher Market in 2025?
In the portable fire extinguisher market, leading corporations are directing their efforts towards creating innovative products, such as those with SANS 1910 approval, with South Africa poised to be the first to secure such approval for lithium fire extinguishing capabilities. SANS 1910 is a regulation crafted by the South African Bureau of Standards (SABS) that covers safety requirements for personal protective equipment (PPE) deployed in various industries. For example, in October 2024, Safequip (Pty) Ltd, a firm providing fire solutions based in South Africa, introduced the Lith-Ex Fire Extinguisher Range, poised to significantly boost fire safety actions. This new suite of lithium-ion battery fire extinguishers utilizes Aqueous Vermiculite Dispersion (AVD) technology for effective suppression and cooling. These extinguishers comply with international standards, have gained UL certification, and are awaiting SANS 1910 approval. Designed to combat the escalating risk of lithium-ion battery fires, the product also helps prevent re-ignition.
How Is the Portable Fire Extinguisher Market Segmented?
The portable fire extinguishermarket 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.
Subsegments:
1) By Chemical-Based: Dry Chemical, Wet Chemical
2) By Water-Based: Water Mist, Water Spray
3) By CO2-Based: CO2 Fire Extinguishers
4) By Metal-Based: Class D Extinguishers
5) By Powdered-Based: Multipurpose Powder Extinguishers
6) By Foam-Based: Aqueous Film Forming Foam (AFFF), Film-Forming Fluoroprotein Foam (FFFP)
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Which Companies Are Leading the Charge in Portable Fire Extinguisher Market Innovation?
Major companies operating in the portable fire extinguisher market include Hochiki Corporation, 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, Ame*rex Corporation, 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
Which Regions Are Leading the Global Portable Fire Extinguisher Market in Revenue?
Asia-Pacific was the largest region in the portable fire extinguisher market in 2024. The regions covered in the portable fire extinguisher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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