Portable Fire Extinguisher Market By Agent Type (Dry Chemical, Carbon Dioxide, Water, Foam, Others), By Fire Type (Class A, Class B, Class C, Class D, Class K), By Application (Residential, Commercial), By Region, By Competition Forecast & Opportunities, 2024-2032F
Published on: 2024-11-06 | No of Pages : 320 | Industry : Consumer Goods and Retail
Publisher : MIR | Format : PDF&Excel
Portable Fire Extinguisher Market By Agent Type (Dry Chemical, Carbon Dioxide, Water, Foam, Others), By Fire Type (Class A, Class B, Class C, Class D, Class K), By Application (Residential, Commercial), By Region, By Competition Forecast & Opportunities, 2024-2032F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD9.21 Billion |
| CAGR (2023-2028) | 7.4% |
| Fastest Growing Segment | Dry Chemical |
| Largest Market | Asia Pacific |
Market Overview
Key Market Drivers
Stringent Fire Safety Regulations
Increasing Urbanization and Construction Activities
Growing Awareness of Fire Safety
Increasing Fire Incidents
Expansion of Industrial Sectors
Increased Adoption in Residential Spaces
Demand from Emerging Markets
Key Market Challenges
Regulatory Compliance and Certification
Technological Advancements and Innovation
Environmental Concerns
Market Competition
Consumer Education and Awareness
Counterfeit and Substandard Products
Key Market Trends
Environmentally Friendly Extinguishing Agents
Increased Adoption of Non-Toxic Extinguishing Agents
Integration with Building Management Systems
Education and Training Initiatives
Transparent and Ethical Supply Chains
Segmental Insights
Agent Type
Regional Insights
Recent Developments
- In 2021, Ceasefire Industries Pvt. Ltd. launched designer series of homeextinguishers that are easy to use as they have a lightweight point-and-shootdesign.
- In 2022. Summit Fire & Security and Summit Fire Protection, two ofSFP Holding, Inc.'s subsidiaries, recently completed ten significantacquisitions, the firm reported. For fire protection, life safety, and securitysystems, Summit Companies offers inspection, testing and monitoring, serviceand repair, installation, and consultation services.