A recent report published by Infinium Global Research on portable fire extinguisher market provides an in-depth analysis of segments and sub-segments in the global as well as regional portable fire extinguisher market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional portable fire extinguisher market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global portable fire extinguisher market. According to the report, the global portable fire extinguisher market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Increased awareness about fire and safety are improving investments in fire and safety equipment in commercial spaces. Nowadays, the fire extinguisher is becoming an essential component in buildings, apartments and medical centers. Furthermore, enforcement of rules for fire safety is encouraging the growth of the market.
The growing urbanization is driving the growth of the portable fire extinguisher market. The strict government rules and regulations for the installation of fire extinguishers contribute to the growth of the portable fire extinguisher market. The rising development of smart cities boosts the growth of the portable fire extinguisher market. Factors such as reduced prices and a wide range of product portfolio stimulate the growth of portable fire extinguisher market. In addition, the presence of fire extinguisher can effective to minimize the impact of damage caused by the fire. On the flip side, lack of awareness about the fire safety norms hinders the growth of the portable fire extinguisher market. Moreover, technological development in improving fire extinguishers creates opportunities for the fire extinguisher market. For instance, the development of sound-based firefighting technology.
North America is expected to be the dominant region in the global portable fire extinguisher market. The United States has strict rules and regulations regarding fire safety contributing to the growth of the North America portable fire extinguisher market. Asia-Pacific region is expected to grow in the global portable fire extinguisher market. The increasing number of construction and modern cities boosts the growth of the Asia-Pacific portable fire extinguisher market.
The report on global portable fire extinguisher market covers segments such as product type, fire type, and end user. On the basis of product type, the sub-markets include chemical & powder based, water & foam based, CO2 based, metal-based, and other product types. On the basis of fire type, the sub-markets include class A, class B, class C, class D, and class K. On the basis of end user, the sub-markets include residential, commercial, industrial, and other end users.
The report provides profiles of the companies in the market such as Amerex Corporation, BRK Electronics, Ceasefire Industries Pvt. Ltd, Tyco Fire Products L.P., Fike Corporation, Ansul Inc., Kanex Fire, United Technologies Corporation, Britannia Fire Ltd., Halma Plc, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of portable fire extinguisher market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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