Global Portable Fire Extinguisher Market Overview
As per MRFR analysis, the Portable Fire Extinguisher Market Size was estimated at 12.4 (USD Billion) in 2022. The Portable Fire Extinguisher Market Industry is expected to grow from 12.79(USD Billion) in 2023 to 16.9 (USD Billion) by 2032. The Portable Fire Extinguisher Market CAGR (growth rate) is expected to be around 3.14% during the forecast period (2024 - 2032).
Key Portable Fire Extinguisher Market Trends Highlighted
The increasing prevalence of fire hazards, coupled with stringent government regulations, is driving the growth of the portable fire extinguisher market. Advancements in technology are leading to the development of more efficient and user-friendly extinguishers.
Emerging economies, characterized by rapid industrialization and urbanization, present significant growth opportunities for the market. Increased awareness of fire safety among businesses and households is further stimulating demand. Trends such as the integration of IoT and the use of bio-based materials are shaping the market's future.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Fire Extinguisher Market Drivers
Rising Fire Safety Awareness
The increasing awareness of fire safety regulations and standards worldwide is a key driver of the Portable Fire Extinguisher Market Industry. Governments and organizations are implementing stricter fire safety codes and regulations to minimize fire risks and protect lives and property. This has led to a surge in demand for portable fire extinguishers as they are essential safety devices for homes, businesses, and public spaces. The growing emphasis on fire prevention and preparedness has also contributed to the market's growth.
Technological Advancements
Technological advancements have significantly influenced the Portable Fire Extinguisher Market Industry. Manufacturers are continuously innovating and introducing new types of portable fire extinguishers with improved performance and features. For example, the development of clean agent fire extinguishers that are environmentally friendly and leave no residue has gained significant traction in the market. Additionally, the integration of advanced technologies such as IoT and sensors in portable fire extinguishers allows for remote monitoring and maintenance, enhancing their effectiveness.
Expansion of Construction and Infrastructure
The growth of the construction and infrastructure sectors is another major driver of the Portable Fire Extinguisher Market Industry. The increasing number of commercial and residential buildings, as well as infrastructure projects, has led to a rise in demand for portable fire extinguishers. Construction sites and buildings require proper fire safety equipment to prevent and control fires effectively. The expansion of the construction industry in emerging economies, particularly in Asia-Pacific and the Middle East, is expected to contribute to the market's growth in the coming years.
Portable Fire Extinguisher Market Segment Insights
Portable Fire Extinguisher Market Type Insights
The Portable Fire Extinguisher Market is segmented by type into Fire Pump, Water Fire Extinguishers, Foam Fire Extinguishers, Carbon Dioxide Fire Extinguishers, Dry Chemical Fire Extinguishers, and Wet Chemical Fire Extinguishers. In 2023, the Dry Chemical Fire Extinguishers segment held the largest market share, accounting for over 40% of the global market revenue. The market for Dry Chemical Fire Extinguishers is projected to continue growing at a steady pace over the forecast period, driven by their effectiveness in extinguishing Class A, B, and C fires.
Water Fire Extinguishers are the most widely used type of portable fire extinguisher, and they are suitable for extinguishing Class A fires involving ordinary combustibles such as wood, paper, and cloth. Foam Fire Extinguishers are effective against Class A and B fires, and they are often used in areas where there is a risk of flammable liquid fires, such as in commercial kitchens or garages. Carbon Dioxide Fire Extinguishers are suitable for extinguishing Class B and C fires, and they are often used in electrical applications or in areas where there is a risk of delicate equipment being damaged by water or foam.
Wet Chemical Fire Extinguishers are specifically designed to extinguish Class K fires involving cooking oils and fats, and they are often used in commercial kitchens and restaurants. The increasing demand for portable fire extinguishers is being driven by growing awareness of fire safety regulations and the rising number of fire incidents around the world. The market is also being driven by the increasing adoption of portable fire extinguishers in various industries, including commercial, industrial, and residential sectors. The growth of the market is expected to be further fueled by the increasing demand for portable fire extinguishers in developing countries, where fire safety regulations are becoming more stringent.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Fire Extinguisher Market Capacity Insights
The Portable Fire Extinguisher Market segmentation by capacity showcases a diverse range of options catering to various fire safety needs. The 'Less than 5 liters' segment holds a significant market share, driven by its portability and suitability for small-scale fires in residential and commercial settings. The '5 to 10 liters' segment also commands a notable share, finding applications in industrial and institutional environments. The '10 to 20 liters' segment caters to larger fire hazards, while the '20 to 50 liters' and 'More than 50 liters' segments address specialized requirements in high-risk industries such as manufacturing and transportation.
These larger capacity extinguishers offer extended firefighting duration and are often used in conjunction with automatic fire suppression systems. The Portable Fire Extinguisher Market revenue is expected to witness steady growth in the coming years, driven by increasing safety regulations and rising awareness about fire prevention. Market data indicates that the segment of 'Less than 5 liters' is projected to maintain its dominance, while the '5 to 10 liters' and '10 to 20 liters' segments are anticipated to experience significant growth.
Portable Fire Extinguisher Market Mechanism Insights
Stored Pressure Fire Extinguishers accounted for the largest revenue share in 2023, and this trend is projected to continue throughout the forecast period. The high adoption of stored-pressure fire extinguishers can be attributed to their ease of use, low maintenance requirements, and wide availability.
Cartridge Operated Fire Extinguishers are expected to witness the fastest growth rate over the forecast period. The growth of this segment can be attributed to the increasing demand for portable and lightweight fire extinguishers, particularly in industries such as construction, manufacturing, and transportation. Gas Cartridge Fire Extinguishers are expected to hold a significant share of the Portable Fire Extinguisher Market revenue by 2032. The growing adoption of gas cartridge fire extinguishers in residential and commercial buildings is driving the growth of this segment.
Portable Fire Extinguisher Market Application Insights
The Portable Fire Extinguisher Market is segmented into various applications, including residential, commercial, industrial, automotive, and marine. Among these segments, the commercial sector is anticipated to account for the largest revenue share in 2023, owing to the increasing demand for fire safety in commercial buildings, offices, and retail establishments.
The residential segment is also expected to grow significantly, driven by rising awareness about fire safety and the growing adoption of fire extinguishers in homes. The industrial segment is projected to witness steady growth, attributed to the stringent fire safety regulations in industrial facilities and the need to protect valuable equipment and inventory. The automotive and marine segments are expected to contribute a moderate share of the overall market, driven by the increasing adoption of fire extinguishers in vehicles and vessels for safety purposes.
Portable Fire Extinguisher Market Standard Insights
The Standard segment of the Portable Fire Extinguisher Market pertains to fire extinguishers that adhere to specific international standards, ensuring their quality and performance. Key standards include ANSI/UL, EN 3, BS EN 3, NFPA 10, and ISO 7165. These standards define requirements for the design, testing, and certification of fire extinguishers, ensuring they meet safety and efficacy criteria. The Standard segment holds a significant share of the Portable Fire Extinguisher Market, owing to the widespread adoption of these standards across various industries and regions.
Stringent regulations and codes mandate the use of certified fire extinguishers, driving the growth of this segment. Moreover, increasing awareness about fire safety and the need for reliable fire protection solutions further contribute to the growth of the Standard segment in the Portable Fire Extinguisher Market.
Portable Fire Extinguisher Market Regional Insights
The Portable Fire Extinguisher Market is segmented regionally into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in the coming years. The increasing industrialization and urbanization in the region, along with strict government regulations regarding fire safety, are the key factors driving the market growth in APAC. In 2023, the APAC Portable Fire Extinguisher Market was valued at USD 4.2 billion and is projected to reach USD 5.8 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period.
North America is another significant region in the Portable Fire Extinguisher Market, with the United States being the major contributor. The region has well-established fire safety standards and a high awareness of fire prevention measures, which has led to a steady demand for portable fire extinguishers. Europe is also a mature market for portable fire extinguishers, with a focus on advanced and innovative products. The region has stringent fire safety regulations and a growing emphasis on green fire extinguishing technologies. South America and MEA represent emerging markets for portable fire extinguishers.
These regions are experiencing rapid economic growth and an increasing focus on fire safety, which is expected to drive the demand for portable fire extinguishers in the coming years. The Portable Fire Extinguisher Market is expected to grow at a steady pace in the coming years, driven by factors such as increasing industrialization, urbanization, and stringent fire safety regulations.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Fire Extinguisher Market Key Players And Competitive Insights
Major players in the Portable Fire Extinguisher Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolio, and strengthening their distribution channels.
Leading Portable Fire Extinguisher Market players are adopting various strategies to stay ahead of the competition, such as forming strategic partnerships, acquisitions, and mergers. Portable Fire Extinguisher Market development is being driven by increasing safety regulations and awareness, rising demand for fire protection in commercial and residential buildings, and technological advancements. The Portable Fire Extinguisher Market Competitive Landscape is expected to remain competitive in the coming years, with major players focusing on innovation and differentiation to cater to evolving customer needs.
Amerex Corporation, a leading player in the Portable Fire Extinguisher Market, offers a comprehensive range of portable fire extinguishers, including dry chemical, carbon dioxide, water, and wet chemical extinguishers. The company has a strong distribution network and a global presence, serving a wide range of customers in various industries. Amerex Corporation is committed to providing high-quality fire protection solutions and has received various certifications and recognitions for its products and services.
Kidde Fire extinguishers, a major competitor in the Portable Fire Extinguisher Market, is known for its innovative fire safety products and solutions. The company offers a wide range of portable fire extinguishers, including water, dry chemical, carbon dioxide, and clean agent extinguishers. Kidde Fire extinguishers have a strong focus on research and development, and its products are designed to meet the latest safety standards and regulations. The company has a global presence and serves a diverse customer base, including commercial, residential, and industrial sectors.
Key Companies in the Portable Fire Extinguisher Market Include
- MSA Safety
- Siemens
- PyroChem
- SimplexGrinnell
- National Foam
- Tyco Fire Products
- Grainger
- Badger Fire Protection
- Notifier
- Fireaway
- Kidde
- Ansul
- Safety Technology Holdings
- Amerex
- FOS Fire Suppression Systems
Portable Fire Extinguisher Market Industry Developments
The Portable Fire Extinguisher Market is projected to reach USD 16.9 billion by 2032, exhibiting a CAGR of 3.14% during the forecast period (2024-2032). Rising fire incidents and stringent government regulations have propelled market growth. Technological advancements, such as the development of eco-friendly and clean agent extinguishers, are creating new opportunities.
Key industry participants include Tyco, Johnson Controls, and Minimax. Recent developments include the launch of a new range of portable fire extinguishers by Amerex Corporation, designed specifically for electric vehicles. The market is expected to witness significant growth in emerging economies due to increasing urbanization and industrialization.
Portable Fire Extinguisher Market Segmentation Insights
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Portable Fire Extinguisher Market Type Outlook
- Water Fire Extinguishers
- Foam Fire Extinguishers
- Carbon Dioxide Fire Extinguishers
- Dry Chemical Fire Extinguishers
- Wet Chemical Fire Extinguishers
-
Portable Fire Extinguisher Market Capacity Outlook
- Less than 5 liters
- 5 to 10 liters
- 10 to 20 liters
- 20 to 50 liters
- More than 50 liters
-
Portable Fire Extinguisher Market Mechanism Outlook
- Stored Pressure Fire Extinguishers
- Cartridge Operated Fire Extinguishers
- Gas Cartridge Fire Extinguishers
-
Portable Fire Extinguisher Market Application Outlook
- Residential
- Commercial
- Industrial
- Automotive
- Marine
-
Portable Fire Extinguisher Market Standard Outlook
- ANSI/UL
- EN 3
- BS EN 3
- NFPA 10
- ISO 716
-
Portable Fire Extinguisher Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
12.4(USD Billion) |
| Market Size 2023 |
12.79(USD Billion) |
| Market Size 2032 |
16.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.14% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
MSA Safety, Siemens, PyroChem, SimplexGrinnell, National Foam, Tyco Fire Products, Grainger, Badger Fire Protection, Notifier, Fireaway, Kidde, Ansul, Safety Technology Holdings, Amerex, FOS Fire Suppression Systems |
| Segments Covered |
Type, Capacity, Mechanism, Application, Standard, Regional |
| Key Market Opportunities |
Growing Construction Industry Increasing Fire Incidents Technological Advancements Rising Safety Regulations Expanding Automotive Sector |
| Key Market Dynamics |
Growing construction industry, increasing fire incidents, raising awareness of fire safety government regulations technological advancements. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Portable Fire Extinguisher Market is valued at USD 12.79 Billion in 2023.
The Portable Fire Extinguisher Market is projected to reach USD 16.9 Billion by 2032, exhibiting a CAGR of 3.14% from 2024 to 2032.
North America is expected to dominate the Portable Fire Extinguisher Market throughout the forecast period.
Rising concerns over fire safety, increasing construction activities, and stringent government regulations are driving the growth of the market.
Portable fire extinguishers are primarily used in commercial buildings, residential properties, industrial facilities, and vehicles.
Key competitors include Ansul, Amerex, Kidde, Badger, and Tyco.
Challenges include the availability of counterfeit products, stringent regulations, and intense competition.
Emerging trends include the adoption of smart fire extinguishers, increasing demand for eco-friendly products, and the integration of IoT technologies.
Sustainability concerns are driving the development of eco-friendly fire extinguishers and the adoption of recycling programs.
Advancements in technology are leading to the development of smart fire extinguishers, remote monitoring systems, and AI-powered fire detection systems.
