Portable Fire Extinguisher Market Size - By Product Type (Water and Foam Fire Extinguishers, Dry Powder Fire Extinguishers, CO2 (Carbon Dioxide) Fire Extinguishers), By Class of Fire (Class A, Class B, Class C, Class D, Class K), By Capacity, By Application, By Distribution Channel, Forecast 2024 – 2032

Portable Fire Extinguisher Market Size - By Product Type (Water and Foam Fire Extinguishers, Dry Powder Fire Extinguishers, CO2 (Carbon Dioxide) Fire Extinguishers), By Class of Fire (Class A, Class B, Class C, Class D, Class K), By Capacity, By Application, By Distribution Channel, Forecast 2024 – 2032

Portable Fire Extinguisher Market Size

Portable Fire Extinguisher Market was valued at USD 7 billion in 2023 and is estimated to grow about 5% CAGR from 2024 to 2032. Increased awareness of the potential risks of fire and the importance of fire safety has contributed to a higher demand for fire protection equipment. Individuals and businesses are more conscious of the need to have fire extinguishers readily available to respond quickly to a fire emergency.

To get key market trends

  Download Free Sample

The positive outlook for the portable fire extinguisher market owing to rising construction activities, including residential, commercial, and industrial projects, leads to an increased demand for fire safety equipment. Portable fire extinguishers are an integral part of fire protection plans for new constructions and renovations. Further, with the expansion of industrial and manufacturing sectors, there is a higher risk of fire incidents due to the presence of machinery, electrical equipment, and flammable materials. Industries are required to have fire safety measures in place, including the availability of portable fire extinguishers, thus it will fuel market growth.
 

What are the growth opportunities in this market?

 Download Free Sample

Cost considerations can be a significant restraint, especially for small businesses or individuals with limited budgets. High-quality fire extinguishers with advanced features and materials may be more expensive, leading some consumers to opt for cheaper alternatives or delay purchasing decisions. Despite efforts to raise awareness about fire safety, there may still be segments of the population or businesses that are not fully aware of the importance of having portable fire extinguishers. This lack of awareness can hinder market growth.

Portable Fire Extinguisher Market Trends

The growth in the number of vehicles on the road has led to an increased demand for portable fire extinguishers in automobiles. Many countries have regulations requiring vehicles to carry fire extinguishers, especially in commercial and public vehicles. In addition, the proliferation of commercial spaces, such as shopping malls, hotels, offices, and entertainment venues, has driven the demand for fire safety equipment. Portable fire extinguishers are a crucial component of emergency response systems in these settings, which in turn drives business demand.

Portable Fire Extinguisher Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

The water and foam fire extinguishers was surpassed USD 2.6 billion in 2023. Water and foam fire extinguishers are often considered more environmentally friendly compared to certain chemical-based extinguishing agents. As environmental consciousness grows, there may be an increasing preference for fire extinguishers that have minimal impact on the environment, thus it will anticipate market demand. Further, water and foam fire extinguishers are commonly used in residential settings due to their effectiveness against common household fires. The increasing awareness of the importance of fire safety in homes contributes to the demand for these extinguishers.

Learn more about the key segments shaping this market

 Download Free Sample

 The class A segment was crossed USD 2.9 billion in 2023. Class A fires are often associated with residential settings where materials like wood and paper are prevalent. Increased awareness of residential fire safety, driven by public education campaigns and regulatory recommendations, contributes to the demand for portable fire extinguishers suitable for Class A fires. In commercial spaces such as offices, retail stores, and warehouses, there is a need to mitigate the risk of fires caused by common combustibles. Portable fire extinguishers designed for Class A fires play a crucial role in ensuring the safety of occupants and protecting property.

Looking for region specific data?

 Download Free Sample

Asia Pacific region dominated around 37% share of the portable fire extinguisher market in 2023. The Asia-Pacific region has experienced significant urbanization and industrialization, leading to the construction of residential, commercial, and industrial structures. With the increase in infrastructure development, there is a higher demand for fire safety equipment, including portable fire extinguishers. Furthermore, the growth of commercial enterprises and industrial activities in the region has led to an increased need for fire safety measures. Businesses, factories, and warehouses are investing in fire protection equipment, including portable fire extinguishers, to comply with safety standards, which in turn drive business demand.

Portable Fire Extinguisher Market Share

The portable fire extinguisher industry seems to moderately fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant market players, such as Kidde, UTC Fire & Security, Johnson Controls International plc, and Amerex Corporation collectively captured a substantial market share. These prominent players are proactively involved in strategic endeavors like mergers and acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.

Portable Fire Extinguisher Market Companies

Major players operating in the portable fire extinguisher industry include

• Kidde
• Ansul
• Johnson Controls International plc
• Amerex Corporation
• UTC Fire & Security
• BRK Brands (First Alert)
• Buckeye Fire Equipment
• Fike Corporation
• Commander Fire Extinguishers
• Strike First Corporation
• NAFFCO (National Fire Fighting Manufacturing Company)
• The Hiller Companies
• A-1 Fire Equipment Co.
• Badger Fire Protection
• Bavaria Fire Fighting
• Strike Fire (Strike Fire Extinguisher)
• Safex Fire Services Ltd.
   

Portable Fire Extinguisher Industry News

• In February 2022, Resideo Technologies acquired First Alert, a leading North American provider of home safety products including fire extinguishers. First Alert offers a comprehensive portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, and fire extinguishers and other suppression solutions.
   
• In August 2022, Amerex introduces the all-new SafetyNet EV gas detection system, the only technology that provides early detection of lithium-ion battery fires in commercial electric vehicle fleets. With the new Amerex system, sensors strategically placed in or around the vehicle battery compartments detect off-gases from battery cells at trace levels well ahead of a thermal runaway event. This sounds an alert, giving the driver time to find a safe place to pull over, evacuate the vehicle and contact emergency personnel.

The portable fire extinguisher market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments

Click here to Buy Section of this Report

Market, By Product Type

• Water and Foam Fire Extinguishers
• Dry Powder Fire Extinguishers
• CO2 (Carbon Dioxide) Fire Extinguishers
• Others

Market, By Class Of Fire

• Class A
• Class B
• Class C
• Class D
• Class K

Market, By Capacity

• Below 10lbs
• 10lbs - 20lbs
• Above 20lbs

Market, By Application

• Residential
• Commercial

Market, By Distribution Channel

• Online
• Offline

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA