The global portable fire extinguisher market size was valued at USD 8.1 billion in 2018 and is expected to expand at a CAGR of 10.2% from 2019 to 2025. The rising number of fire causalities in household and commercial premises is boosting the demand for portable extinguishers. Moreover, strict government regulations mandating the installation of extinguishers are expected to support market growth.
The growing need for lightweight and easy to move extinguishers is surging demand for portable extinguishers. Portable extinguishers are used as a first response on the fire to get it under control. Also, growing awareness among consumers regarding personal safety and property protection in an emergency is fueling demand for the portable extinguisher. As per the National Fire Protection Association (NFPA), in 2016, loss of USD 13.6 billion in property damage was caused due to fire incidents and resulting in the death of 3,390 civilians. Fire Extinguishing Trades Association (FETA) and Independent Fire Engineering and Distributors Association (IFEDA) conducted a study on the effectiveness of portable extinguisher in 2100 fire cases in the U.K. and found that in 80% of the cases, it successfully extinguished the fire and in 75% of those cases, the fire department was not required to attend.
Moreover, the government’s mandate of installing extinguishers in automobiles is increasing the need for lightweight extinguishers. Manufacturers are focusing on making the product more compact and lightweight in relevance to cope up with growing demand for portable extinguishers. The availability of compact and lightweight extinguishers such as fireballs is increasing the adoption of the product.
The use of portable extinguishers varies depending on the fire type. This factor is acting as a challenge for market growth as there is no universal product for all types of fire. Manufacturers are focusing on launching extinguishers that can be used on Class A, B, and C fires as they are the major type of fires. ABC rating extinguishers are suitable for use on fire caused due to ordinary combustibles, flammable liquids, and energized electrical equipment. While BC rating extinguishers are suitable for use on fire caused due to flammable liquids and energized electrical equipment.
By application, the market is segmented into residential and non-residential. Non-residential sector held the largest market share in 2018 and is expected to maintain its lead over the forecast period. The rapidly growing commercial and industrial sector is supporting the product demand in the market. Strict government rules and regulations for fire safety in commercial, industrial, and public areas are increasing the demand for portable extinguishers.
The residential segment is estimated to witness the fastest growth over the forecast period. The growth is attributed to growing casualties due to fire, increasing property damages, and rising safety concerns among consumers. As per the National Fire Protection Association (NFPA), cooking equipment is the leading cause of home structure fires, followed by smoking materials from 2012 - 2016. Growing safety concerns among consumers are increasing the demand for portable extinguishers in the residential sector.
By product type, the portable fire extinguisher market is segmented as dry chemical, carbon dioxide, water, foam, and others. Dry chemical portable extinguishers held the largest market share in 2018 and are projected to be the fastest-growing segment over the forecast period. The popularity of dry chemical among consumers is high owing to its ability to be used on class A, B, and C fires. Besides, they are commonly used in residential buildings as they can easily combat all three common household fire types. Relatively low prices and high versatility are also supporting the market growth.
Carbon dioxide portable extinguishers are expected to witness strong growth over the forecasted period owing to its high demand in commercial spaces. These products are highly effective in class B and K fire types, leaving no residue and collateral damage. Also, water and foam extinguishers are expected to witness significant growth over the forecast period. The cooling effect of foam extinguishers reduces the chances of re-ignition, making it more efficient. However, the high price of these portable extinguishers is posing a challenge for growth. Water extinguishers are cheap and commonly used among consumers. However, they can only be used for class A fire, which is acting as a restrain for market growth.
The Asia Pacific held the largest market share in 2018 and is estimated to maintain its lead over the forecast period. The market is majorly driven by demand for large infrastructures in developing countries such as India and Singapore. The rapid growth of the commercial and industrial sectors in the region is boosting the demand for portable extinguishers. Reconstruction activities, coupled with fire safety codes implemented by the governments including Fire Services Law and Building Standards Law in Japan and the Code of Design for Building Fire Protection & Prevention in China, are boosting the product demand in the region.
The Middle East and Africa are estimated to be the fastest-growing market over the forecast period. Demand in the region is highly driven by recovering oil prices, government initiatives, and revised fire and life safety codes. The growing hospitality sector is one of the key verticals driving the demand for a portable extinguisher in the region. North America is estimated to witness significant growth over the forecast period owing to increasing fire incidents and property damages over the forecast period.
Major market players include Hochiki Corporation; Amerex Corporation; Activar Inc.; Britannia Fire Ltd.; Desautel SaS; Flame stop Australia Pty. Ltd.; Hatsuta Seisakusho Co., Ltd.; Feuerschutz Jockel Gmbh & Co. Kg; Ceasefire Industries Pvt. Ltd.; and Yamato Protec Corporation. Key players in the market for portable extinguisher are focusing on strategies such as product innovation. Increasing competition among the players is leading to the introduction of compact and portable extinguishers. Many regional manufacturers have introduced throw able extinguishers purposely designed for residential use. For instance, Ceasefire Industries Pvt. Ltd., launched designer series home extinguishers ideal for home application and making it easier to use than others because of their lightweight ‘point and shoot’ design.
Report Attribute |
Details |
Market size value in 2020 |
USD 10,346.4 million |
Revenue forecast in 2025 |
USD 15,985.2 million |
Growth Rate |
CAGR of 10.2% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Segments covered |
Product type, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Germany; U.K.; China; Japan; Brazil; Saudi Arabia |
Key companies profiled |
Hochiki Corporation; Amerex Corporation; Activar Inc.; Britannia Fire Ltd.; Desautel SaS; Flame stop Australia Pty. Ltd.; Hatsuta Seisakusho Co., Ltd.; Feuerschutz Jockel Gmbh & Co. Kg; Ceasefire Industries Pvt. Ltd.; Yamato Protec Corporatio |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global portable fire extinguisher market report based on product type, application, and region:
Product Type Outlook (Revenue, USD Million, 2015 - 2025)
Dry Chemical
Carbon Dioxide
Water
Foam
Others
Application Outlook (Revenue, USD Million, 2015 - 2025)
Residential
Non-residential
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa (MEA)
Saudi Arabia
b. The global portable fire extinguisher market size was estimated at USD 9,218.7 million in 2019 and is expected to reach USD 10,346.4 million in 2020.
b. The global portable fire extinguisher market is expected to grow at a compound annual growth rate of 10.2% from 2019 to 2025 to reach USD 15,985.2 million by 2025.
b. Dry chemical extinguisher dominated the global portable fire extinguisher market with a share of 37.5% in 2019. This is attributable to its increasing application in residential buildings as they can easily combat all three common household fire types.
b. Some key players operating in the global portable fire extinguisher market include Hochiki Corporation; Amerex Corporation; Activar Inc.; Britannia Fire Ltd.; Desautel SaS; Flamestop Australia Pty. Ltd.; Hatsuta Seisakusho Co., Ltd.; Feuerschutz Jockel Gmbh & Co. Kg; Ceasefire Industries Pvt. Ltd.; and Yamato Protec Corporation.
b. Key factors that are driving the portable fire extinguisher market growth include the rising number of fire causalities in household and commercial premises and strict government regulations mandating the installation of extinguishers.
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The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.