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.
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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.
Portable Fire Extinguisher Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Portable Fire Extinguisher Market Size in 2023 |
USD 7 billion |
| Forecast Period |
2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR |
5% |
| 2032 Value Projection |
USD 11 billion |
| Historical Data for |
2018 - 2023 |
| No. of Pages |
389 |
| Tables, Charts & Figures |
290 |
| Segments covered |
Product Type, Class of Fire, Capacity, Application, Distribution channel, Region |
| Growth Drivers |
- Rising Construction Activities
- Safety Regulations and Codes
- Increase in Vehicle Fleet
|
| Pitfalls & Challenges |
- Cost Constraints
- Lack of Awareness
|
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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
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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.
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Hey there! I've got some interesting info for you. In 2023, the market for fire extinguishers meant to handle Class A fires reached a whopping $2.9 billion! These fires are commonly found in homes, where things like wood and paper are often around. People are starting to understand how important fire safety is in homes, thanks to public awareness campaigns and fire safety rules. That's why there's a high demand for portable fire extinguishers that can tackle Class A fires. In businesses like offices, stores, and warehouses, it's also important to be ready for fires that can start from everyday stuff like paper or wood. Portable fire extinguishers meant for Class A fires can help keep people safe and buildings protected.
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Hey there! Did you know that the Asia Pacific region is a major player in the portable fire extinguisher market, accounting for a whopping 37%? It's like the go-to place for safety against fires. Why? Well, this region is booming with cities and industries, which means they've got a lot of buildings going up - homes, businesses, factories, you name it. As more and more places are built, there's a huge need for ways to keep them safe from fires. That's where portable fire extinguishers come in. Also, with so many companies and factories operating, they have to follow the rules and keep their places safe from fires. And that means investing in gear like portable fire extinguishers to protect their workers and property. So, the more businesses and industries there are, the more fire extinguishers they need. It's a win-win for safety!
Portable Fire Extinguisher Market Share
The world of portable fire extinguishers is quite crowded, with many companies both big and small competing for your business. In 2023, companies like Kidde, UTC Fire & Security, Johnson Controls, and Amerex were the top dogs, controlling a big chunk of the market. These big players are always looking for ways to grow their businesses. They're buying other companies, building new factories, and teaming up with others to offer customers more products and reach new markets. They're also investing heavily in research and development, making sure their extinguishers are the best they can be and keeping them ahead of the competition.
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
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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
Market, By Distribution Channel
The above information is provided for the following regions and countries
- North America
- 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
