Portable Fire Extinguisher Market Expected To Grow at Significant Rate During the Forecast Period 2021-2025

extinguishers in the commercial sector along with its high effectiveness on class B and K types of fire, is promoting
its market growth.
The demand for the product is growing in the residential sector owing to the increasing number of casualties and
property damages and increasing safety concerns amongst the consumers. According to the National Fire
Protection Association (NFPA), cooking equipment followed by smoking materials are the main reasons for home
structure fire during 2012-2016.
Further key findings from the report suggest:
• The non-residential application segment dominated the market in 2018 with the largest market share and is
expected to continue with its lead in the forecast period because of the developing industrial and commercial
segments and stringent measures for safety by the government.
• Asia Pacific dominated the market in 2018 because of rising number of infrastructure projects, rising construction
activities and fire safety codes.
• Middle East and Africa was the fastest growing market in 2018 because of growing hospitality sector, recovering
oil prices, revised life safety codes and government initiatives
• Major players functioning in the market include Amerex Corporation; Hochiki Corporation; Activar Inc.; Flamestop
Australia Pty. Ltd.; Britannia Fire Ltd.; FeuerschutzJockelGmbh& Co. Kg; Ceasefire Industries Pvt. Ltd. and Hatsuta
Seisakusho Co., Ltd.
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Million Insights has segmented the global portable fire extinguishers market on the basis of product type,
application and region:
Portable Fire Extinguishers Product Type Outlook (Revenue, USD Million, 2015 - 2025)
• Dry Chemical
• Carbon Dioxide
• Water
• Foam
• Others
Portable Fire Extinguishers Application Outlook (Revenue, USD Million, 2015 - 2025)