The Portable Fire Extinguisher Global Market Report 2023, provides comprehensive information on the portable fire extinguisher market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global portable fire extinguisher market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global portable fire extinguisher market size is expected to reach $10.30 billion in 2027 at a CAGR of 8.1%.
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Product innovations are a key trend gaining popularity in the portable fire extinguisher market. Companies operating in the portable fire extinguisher market are focused on innovating new products to sustain their position in the market. For instance, in January 2021, CASP Aerospace, a Canada-based product design company, launched the Halotron BrX (stabilized 2-BTP)-filled 375H673 portable fire extinguisher. This new-generation portable aircraft fire extinguisher with a hose is ecologically friendly and suitable for new construction and retrofit installations. It features a bracket that is 16G-rated and has the same hole pattern as the bracket for the extinguishers’ previous model, the B722538. Users may concentrate their firefighting efforts directly on blazes in confined spaces, such as beneath seats or within overhead bins, with the flexible hose attachment. The 375H673 covers the void left by other 2-BTP-loaded extinguishers that can only be purchased with a nozzle attachment.
The 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
Asia-Pacific was the largest region in the portable fire extinguisher market in 2022.
The table of contents in TBRC’s portable fire extinguisher market report includes:
- Executive Summary
- Portable Fire Extinguisher Market Characteristics
- Portable Fire Extinguisher Market Trends And Strategies
- Portable Fire Extinguisher Market – Macro Economic Scenario
- Portable Fire Extinguisher Market Size And Growth
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- Africa Portable Fire Extinguisher Market
- Portable Fire Extinguisher Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Portable Fire Extinguisher Market
- Portable Fire Extinguisher Market Future Outlook and Potential Analysis
- Appendix
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