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Portable Fire Extinguisher Market Research, 2025 | Industry Report

Portable Fire Extinguisher Market Analysis Report By Product Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17620051  |  Published: August 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global portable fire extinguisher market size was accounted for USD 8.1 billion, in 2018 and is anticipated to grow at 10.2% CAGR over the forecast period, 2019 to 2025. The increasing number of causalities caused due to fires in commercial premises and household premises is proliferating the demand for portable extinguishers. Further, stringent government measures and policies making the installation of extinguishers mandatory will have a positive impact on the growth of the market.

The rising demand for easy-to-move and lightweight extinguishers is uplifting the demand for extinguishers. Portable extinguishers are mostly used as a first response to the fire to get it under control. The Independent Fire Engineering and Distributors Association (IFEDA) and Fire Extinguishing Trades Association (FETA) conducted a study showing the effectiveness of portable extinguishers in 2100 fire cases in the U.K. and concluded that in 80% of the cases the flame was extinguished successfully and in 75% of those cases the concerned department was not required to attend.

U.S. portable fire extinguisher market

Further, the government’s policy for making installation of extinguishers mandatory in automobiles is proliferating the demand for lightweight extinguishers. Manufacturers are concentrating on making the product more lightweight and compact to meet the rising demand for portable extinguishers. The availability of lightweight extinguishers like fireballs is increasing the adaptation of the product.

The usage of portable extinguishers depends on the fire type. This factor acts as a hindrance to market growth. Manufacturers are concentrating on introducing extinguishers that can tackle class A, B, and C fire types. ABC rating extinguishers are used for fire caused by ordinary combustibles, energized electrical equipment, and flammable liquids. While BC rating extinguishers are used for fire caused by energized electrical equipment and flammable liquids.

Application Insights

The portable fire extinguishers market segment is categorized into residential and non-residential based on application. The non-residential sector dominated the market in 2018 and is anticipated to continue its lead in the forecast period. The developing industrial and commercial sectors are contributing to proliferating the product demand. Stringent government measures and policies for fire safety in public, industrial and commercial areas are uplifting the product demand.

The residential segment is anticipated to grow at the fastest CAGR in the forecast period. The growth is because of the rising number of casualties, increasing property damages, and increasing safety concerns amongst consumers. Increasing concern of consumers regarding fire safety is proliferating the demand for portable extinguishers in the residential segment.

Product Type Insights

The market is segregated into dry chemicals, water, carbon dioxide, foam, and others. Dry chemical extinguishers are the most commonly used extinguishers because of their ability to douse class A, B, and C types. They are comparatively priced at a low rate and are versatile that makes them highly adaptable. Stringent safety rules imposed by the government in public, industrial and commercial sectors regarding fire safety are proliferating the product demand.

Global portable fire extinguisher market

Carbon dioxide portable extinguishers are anticipated to witness significant growth in the forecast period due to their rising demand from the commercial sector. These products are very effective for class B and K types of fire, leaving no residue and collateral damage. Also, foam and water extinguishers are anticipated to witness considerable growth in the forecast period. The cooling effect of foam extinguishers diminishes the chances of re-ignition, making it more reliable. But the soaring prices of these extinguishers are a hindrance to its growth. Water extinguishers are commonly used amongst consumers and are available at very cheap prices but they can only extinguish class A fires.

Regional Insights

The Asia Pacific dominated the portable fire extinguisher market in 2018 and is expected to continue its lead in the forecast period. The market is majorly propelled by the demand from developing countries like Singapore and India. The developing industrial and commercial sectors are augmenting the demand for the product.

The Middle East and Africa are expected to grow at the fastest rate in the forecast period. The proliferated demand in this region is because of the growing hospitality sector, recovering oil prices, revised life safety codes, and government initiatives. North America is expected to witness considerable growth in the forecast period due to the rising number of fire accidents and property damages.

Impact of COVID-19

The COVID-19 outbreak has negatively affected the growth of the market. The pandemic has resulted in the imposition of strict lockdown in several parts of the world. Owing to the lockdown, the supply chain activities were severely affected, which in turn, halted the production of portable fire extinguishers. Also, companies have reduced their spending on research and development owing to low demand.

On the other hand, the COVID-19 outbreak has led to the set-up of various healthcare facilities across the globe, therefore, generating the demand for the product. In addition, the pandemic impact is for the short term only and the market would continue its healthy run post-COVID period.

Portable Fire Extinguisher Market Share Insights

Some of the major players of the market include Amerex Corporation; Hochiki Corporation; Activar Inc.; DesautelSaS, Flamestop Australia Pty. Ltd.; Britannia Fire Ltd.; FeuerschutzJockelGmbh& Co. Kg; Ceasefire Industries Pvt. Ltd. Yamato Protec Corporation and Hatsuta Seisakusho Co., Ltd. Constant product innovation is one of the key strategies that the market players are focusing on. Rising competition in the market is leading to the production of efficient portable and compact extinguishers. Many domestic manufacturers are launching throw-able extinguishers for residential use.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, Japan, Brazil, and Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global portable fire extinguisher market report based on product type, application and region:

• Product Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Dry Chemical
    • Carbon Dioxide
    • Water
    • Foam
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Residential
    • Non-residential

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • The U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • Saudi Arabia

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