Portable Fire Extinguisher Market Analysis

Portable Fire Extinguisher Market Analysis

To get key market trends

  Download Free Sample

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.
 

 The class A segment was crossed USD 2.9 billion in 2023. Class A fires are often associated with residential settings where materials like wood and paper are prevalent. Increased awareness of residential fire safety, driven by public education campaigns and regulatory recommendations, contributes to the demand for portable fire extinguishers suitable for Class A fires. In commercial spaces such as offices, retail stores, and warehouses, there is a need to mitigate the risk of fires caused by common combustibles. Portable fire extinguishers designed for Class A fires play a crucial role in ensuring the safety of occupants and protecting property.
 

Asia Pacific region dominated around 37% share of the portable fire extinguisher market in 2023. The Asia-Pacific region has experienced significant urbanization and industrialization, leading to the construction of residential, commercial, and industrial structures. With the increase in infrastructure development, there is a higher demand for fire safety equipment, including portable fire extinguishers. Furthermore, the growth of commercial enterprises and industrial activities in the region has led to an increased need for fire safety measures. Businesses, factories, and warehouses are investing in fire protection equipment, including portable fire extinguishers, to comply with safety standards, which in turn drive business demand.