A portable fire extinguisher is a fire safety equipment used to extinguish fires. Portable fire extinguishers are effective only for the type and size of a fire that it is rated for.
Portable fire extinguishers are generally provided as the initial units in firefighting and should be used only in the early stages of fire before the fire grows to a stage that is beyond the capacity of the extinguisher
Portable fire extinguishers are available with a number of different extinguishing agents to help combat a flame. A portable extinguisher may contain water, foam, powder, CO2, chemical etc. to combat different fire types.
North America is the largest portable fire extinguisher market worldwide, followed by Europe and Asia Pacific
North America and Europe are mature portable fire extinguisher markets. Stringent government rules and regulations are increasingly contributing to the growth of the portable fire extinguisher market.
The U.S. has established portable fire extinguisher regulations laid down by the National Fire Protection Association (NFPA), further increasing the penetration of portable fire extinguishers
The Asia Pacific market is expected to grow at a significant rate over the forecast timeline owing to government regulations and rise in construction activities. China, Japan, and India are significant portable fire extinguisher markets in Asia Pacific. In addition, manufacturers of portable fire extinguishers in Asia Pacific primarily focus on offering products at lower rates compared to other regions.
China is the leading market for portable fire extinguishers in the Asia Pacific region due to increasing awareness about fire safety among the people
Portable fire extinguisher manufacturers are adding new features such as water mist and sound wave technologies to their products to increase their overall functionality. The water mist extinguishers smother the fire, which is often more efficient, as mist can reach spaces that the water from conventional portable fire extinguishers never could.
Moreover, engineering students developed a machine at George Mason University, which separates the oxygen from burning fuel by using sound waves
Global Portable Fire Extinguisher Market: Market Drivers, Opportunities, and Restraints
Rise in infrastructure activities and strict government regulations are driving the growth of the global portable fire extinguisher market
Construction of new buildings, both commercial and residential is rising across the globe. The global portable fire extinguisher market has been segmented based on product type, technology, operation, end-user, distribution channel, and region.
According to regulations in most countries, portable fire extinguishers are a mandatory product in almost all new residential buildings and restaurants. Thus, rise in building construction is increasing the demand for portable fire extinguishers.
However, highly fluctuating raw material costs and ineffective price management is greatly endangering the growth of the portable fire extinguisher market
Furthermore, increasing awareness about the need for portable fire extinguishers is seen across the world. Governments are sensitizing institutions about the usefulness of portable fire extinguishers in their institutions.
Type - In terms of type, the global portable fire extinguisher market has been classified into water, powder, foam, chemical, CO2, and others (Clean Agent etc.)
Fire Type - The global portable fire extinguisher market has been segmented into Class A, Class B, Class C, Class D, and Class K fire type.
End-use - The portable fire extinguisher market has been divided into residential, commercial, industrial, and public places based on end-use
Distribution channel - The market has been bifurcated into online and offline channel in terms of distribution channel
Region - Based on region, the market is classified into North America (U.S, Canada, and Rest of North America), Europe (U.K, Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa ( GCC, South Africa, and Rest Of Middle East & Africa), and South America (Argentina, Brazil, and Rest Of South America)
The portable fire extinguisher market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years with the entry of several local players. Key companies profiled in the research report include Morita Holdings Corporation, Amerex Corporation, Britannia Fire Ltd., Johnson Controls International Plc., United Technologies Corporation, Ceasefire Industries Pvt. Ltd., Fest Fire Security, Feuerschutz Jockel GmbH & Co. KG, Fike Corporation, and Flamestop Australia Pty. Ltd.