What Factors Propelled The Growth Of The Portable Fire Extinguisher Market In The Past?
The portable fire extinguisher market has seen considerable growth due to a variety of factors.
• The market size of portable fire extinguishers has seen a consistent increase over the past few years, and is projected to expand from $6.87 billion in 2024 to $7.21 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%.
The historic period's expansion can be credited to factors such as strict fire safety regulations, industrial progress, growth in commercial infrastructure, and heightened urbanization.
What Will Be The Portable Fire Extinguisher Market Size In The Future?
The portable fire extinguisher market is expected to maintain its strong growth trajectory in upcoming years.
• The market for portable fire extinguishers is predicted to witness substantial expansion in the coming years, with the market size projected to reach $9.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%.
The forecasted growth can be attributed to factors such as improved fire safety solutions, renewed focus on residential safety, the boom in e-commerce, escalating construction activities, and worldwide climate changes. Key trends for the forecast period consist of strategic alliances, advancements in technology, integration of the Internet of Things (IoT) for monitoring, the use of eco-friendly extinguishing agents, and the introduction of advanced fire detection technologies.
What Are The Core Factors Supporting Growth In Portable Fire Extinguisher Market?
The upsurge in the transportation vehicle count is set to thrust the advancement of the portable fire extinguisher market in the future. These vehicles, intended for ferrying individuals, cargo, or both, incorporate portable fire extinguishers as safety mechanisms, especially in buses, coaches, and minibuses to deal with potential fire threats. Some governments even make it obligatory to equip vehicles carrying flammable materials with portable fire extinguishers to enhance vehicular safety. Citing an instance from the National Automobile Dealers Association (NADA), a trade group based in the US, there were 13.7 million fresh light-vehicle sales in the United States in January 2023. Furthermore, an expected 14.6 million new light-vehicle sales in 2023, marking a 6.6% hike from the 2022 forecast, represent the escalating quantity of automobiles. This trend, in turn, accelerates the expansion of the portable fire extinguisher market.
What are the Market Segments in the Portable Fire Extinguisher Market?
The portable fire extinguisher 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.
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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What Trends are Shaping the Portable Fire Extinguisher Market Size?
Leading businesses in the portable fire extinguisher market are prioritising the creation of novel products, such as obtaining the first SANS 1910 certification in South Africa for lithium fire extinguishing capabilities. The South African Bureau of Standards (SABS) established SANS 1910 as a standard that emphasizes safety requirements for personal protective gear (PPE) in multiple sectors. For instance, in October 2024, the Lith-Ex Fire Extinguisher Range was introduced by Safequip (Pty) Ltd, a company that specialises in fire solutions, which is expected to significantly bolster fire safety measures. A brand-new series of lithium-ion battery fire extinguishers, equipped with Aqueous Vermiculite Dispersion (AVD) technology provides efficient suppression and cooling. These devices, which comply with international standards, have obtained UL certification and anticipate obtaining SANS 1910 certification soon. Specifically designed to mitigate the rising threat of lithium-ion battery fires, the product also inhibits re-ignition.
Who Are the Key Players in the Portable Fire Extinguisher Market?
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
• Amerex 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
What are the Regional Insights into the Portable Fire Extinguisher Market?
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.
