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.