Global Portable Fire Extinguisher Market By Agent Type (Chemical & Powder Based, Water &Foam Based, CO2 Based, Metal Based, Others), Fire Type (Class A, B and C, Class A and A&B, Class B&C or B, Class D, Others), End- User (Residential, Commercial, Others), Distribution Channel (Online, Offline), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 202
Global Portable Fire Extinguisher Market is set to witness a steady CAGR of 3.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement and rising demand for portable fire extinguishers are the factors for the growth of this market.
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Some of the major competitors currently working in the global portable fire extinguisher market are MORITA HOLDINGS CORPORATION, Amerex Corporation, Britannia Fire Ltd., Johnson Controls., Kidde-Fenwal Inc., Ceasefire Industries Limited, Jockel, Fike Corporation, Flamestop Australia Pty Ltd., Kanex, SAFEGUARD INDUSTRIES, Safex Fire., Vintex Fire Protection Pvt Ltd, Guards India, VINTEX FIRE PROTECTION (P) LTD, SAFEPRO FIRE, Mamta Engineering, GRAP FIRE INDUSTRIES, Jyoti Fire Services, FIRE SAFETY DEVICES PVT. LTD. among others.
Market Definition: Global Protein Shampoo Market
A portable fire extinguisher is a container or device which has the ability of being easily moved and containing or producing any fluid, powder or gas that may be used to extinguish fire. If used properly they have the ability to save lives and decrease the chances of damage. They are usually used as first-attack fire combat units and should only be used in the early phases of fire before the fire reaches a phase beyond the extinguisher’s ability. The common components of portable fire extinguisher are a valve, propellent, a directional nozzle, a storage vessel and an extinguishing agent.
- Increasing commercial and residential construction will drive the market growth
- Mandatory government regulations to install portable fire extinguishers will also enhance the growth of this market
- Carriage cars carrying flammable and hazardous substances are required by law to carry mobile fire extinguishers; this factor will also accelerate the market growth
- Rising number of transportation vehicle will also drive the market growth
- The requirement to be refilled after use will also restrain the market growth
- A portable fire extinguisher, when used even partially, is useless for all subsequent fire scenarios; will also hamper the growth of this market
- If not used for a long period of time they are unfit for the future use; this factor will also restrict the market growth
Segmentation: Global Portable Fire Extinguisher Market
By Agent Type
- Chemical & Powder Based
- Water &Foam Based
- CO2 Based, Metal Based
By Fire Type
- Class A, B and C
- Class A and A&B
- Class B&C or B
- Class D
By End- User
By Distribution Channel
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
- In January 2019, AI Fire announced the acquisition of Allstate Fire Equipment Boston. This acquisition will help the Boston to be the New England fire and life-safety service provider. Through this acquisition Impact Fire extends its geographical presence and introduces a skilled team of fire protection experts to Allstate’s loyal client base in order to become a full service provider
- In March 2017, FSG announced the launch of their JE050 fire extinguishers which has the most advanced portable fire extinguisher technology. This is designed using Nano Particulate Technology. This is appropriate for all fire kinds and is 70-80% lower than its rivals. For those doing hazardous work, it can be performed on a holster, so perfect for a busy workforce under dangerous circumstances
Global portable fire extinguisher market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of portable fire extinguisher market for Global, Europe, North America, Asia-Pacific and South America.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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