Global Portable Fire Extinguisher Market Overview:
A fire extinguisher is a functioning fire security gadget used to smother or control little fires, regularly in crisis circumstances. A fire extinguisher comprises a hand-cylindrical pressure vessel containing a specialist that can be released to stifle a fire. Fire extinguishers produced with non-tube-shaped pressing factor vessels likewise exist yet are more uncommon. A portable fire extinguisher is an item of equipment for the purpose of extinguishing a fire that is effective only for the type and size of a fire that it is rated for. Portable fire extinguishers are for the most part given as "first attack" units in putting out fires and ought to be utilized distinctly in the beginning phases of fire before the fire develops to a phase that is past the limit of the extinguishers. There are comprehensively six kinds of fire extinguishers air-water, air-foam, dry chemical powder, and carbon dioxide.
- Rising number of fire causalities in household and commercial premises
- Strict government regulations mandating the installation of extinguishers
- High cost of the portable fire extinguisher
- Technical issues and product recalls and Increasing concerns about the safety and security
- Installing extinguishers in automobiles is increasing the need for lightweight extinguishers
- Rapid growth of the commercial and industrial sectors in emerging countries
- Developing extinguishers that can be used on Class A, B, and C fires
- No universal product for all types of fire
- Availability of substitutes
The leading organizations in the market are involved in the research and development of the universal portable fire extinguisher due to the increase in demand from different sectors. Also, companies are making new collaborations with other companies and increase the utilization of portable fire extinguishers in different regions and avail competitive advantage.
Some of the key players profiled in the report are Hochiki Corporation (Japan), Activar Inc. (United States), Britannia Fire Ltd. (United Kingdom), Flame stop Australia Pty. Ltd. (Australia), Feuerschutz Jockel Gmbh & Co. Kg (Germany), Ceasefire Industries Pvt. Ltd. (India), United Technologies Corp (United States), Johnson Controls (Ireland), Kidde Fire Protection (United States) and Total Safety (United States). Additionally, following companies can also be profiled that are part of our coverage like Amerex Corp. (United States), Burner Fire Control (United States), Ansul (United States), Fike Corp (United States), Reliable Fire & Security (United States) and American Fire Supply (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Portable Fire Extinguisher market by 2026.
What Can be Explored with the Portable Fire Extinguisher Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Portable Fire Extinguisher Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Portable Fire Extinguisher
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Portable Fire Extinguisher market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Portable Fire Extinguisher market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Associations, Government Regulatory Authority, Manufacturing Firms, Automobile Companies and Chemical Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Portable Fire Extinguisher Market?
The Portable Fire Extinguisher market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Portable Fire Extinguisher Market?
Top performing companies in the Global Portable Fire Extinguisher market are Hochiki Corporation (Japan), Activar Inc. (United States), Britannia Fire Ltd. (United Kingdom), Flame stop Australia Pty. Ltd. (Australia), Feuerschutz Jockel Gmbh & Co. Kg (Germany), Ceasefire Industries Pvt. Ltd. (India), United Technologies Corp (United States), Johnson Controls (Ireland), Kidde Fire Protection (United States) and Total Safety (United States), to name a few.
3. What trending factors would impact Portable Fire Extinguisher Market growth most?
"The growing need for lightweight and easy to move extinguishers
" is seen as one of major influencing trends for Portable Fire Extinguisher Market during projected period 2020-2026.