The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Portable Fire Extinguisher Global Market Report 2023, The global portable fire extinguisher market is expected to grow from $6.91 billion in 2022 to $7.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The global portable fire extinguisher market size is expected to reach $10.30 billion in 2027 at a CAGR of 8.1%.

Asia-Pacific held the largest portable fire extinguisher market share.

Portable Fire Extinguisher Market Driver

The growing number of transportation vehicles is likely to boost the portable fire extinguisher market forward. Transportation vehicles are intended and utilised to convey people, commodities, or both between locations. To combat flames on board, portable fire extinguishers are employed as safety precautions in numerous vehicles such as buses, coaches, and minibuses. In addition, in a few countries, the government is required to place portable fire extinguishers in vehicles that contain or transport flammable materials in order to increase road safety. According to the National Automobile Dealers Association (NADA), a trade organisation based in the United States, there were 13.7 million new light-vehicle sales in the United States in January 2023, with 14.6 million new light-vehicle sales expected in 2023, representing a 6.6% increase over 2022 predictions. As a result, the growing number of cars is propelling the portable fire extinguisher market forward.

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Key Portable Fire Extinguisher Market Segments

The global portable fire extinguisher market 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

Portable Fire Extinguisher Market Prominent Players

Major players in the portable fire extinguisher market are Amerex Corporation, Hochiki Corporation, Ceasefire Industries Pvt. Ltd., Activar Construction Products Group, Yamato Protec Corporation, FlameStop Australia Pty. Ltd., Feuerschutz Jockel GmbH & Co. KG, Morita Holdings Corporation, Johnson Controls International PLC, Britannia Fire, Desautel, Kanex Fire, Hatsuta Seisakusho Co. Ltd., Nationwide Fire Extinguishers, and Fest Fire Security.

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Prominent Portable Fire Extinguisher Market Trend

Product innovation is a key trend that is gaining traction in the portable fire extinguisher market. Companies in the portable fire extinguisher market are focusing on developing new products to maintain their market position. CASP Aerospace, a product design business based in Canada, for example, debuted the Halotron BrX (stabilised 2-BTP)-filled 375H673 portable fire extinguisher in January 2021. This next-generation portable aircraft fire extinguisher with hose is environmentally safe and ideal for new construction as well as retrofit installations. It has a bracket that is 16G-rated and has the same hole pattern as the bracket for the previous model of the extinguishers, the B722538. With the flexible hose connection, users can aim their firefighting efforts directly on blazes in limited locations such as beneath seats or within overhead bins. The 375H673 fills the void created by other 2-BTP-loaded extinguishers that require a nozzle connection.

The Portable Fire Extinguisher Global Market Report 2023  provides comprehensive insights on the portable fire extinguisher market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the portable fire extinguisher market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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