According to the research report titled ‘Global Portable Fire Extinguisher Market Size study, by Product type (Dry Chemical, Carbon Dioxide) by Application (Residential, Non-residential) and Regional Forecasts 2021-2027’, available with MarketStudyReport, the worldwide portable fire extinguisher market is anticipated to record considerable growth over the projected timeframe of 2021-2027.
 

Regulatory laws mandating the installation of fire extinguishers, and growing number of industrial and domestic fire incidences are driving worldwide portable fire extinguisher market growth. In fact, National Fire Protection Association (NFPA) claims that roughly 358,500 households have had a fire accident every year since 2018.
 

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Conversely, rising availability of replacements such as automated smoke, fire detectors and sprinkling systems may hamper the market growth during the analysis period. However, increasing launches of new transportable and portable fire extinguishers, along with developing public awareness regarding safety and security issues will continue to enhance the market outlook in the coming years.
 

For the uninitiated, portable fire extinguishers generally fall under two categories, namely, dry chemical and carbon dioxide extinguishers. They are mostly used in the residential and non-residential sectors. These extinguishers are not only economical but are also tailored as per the needs & convenience of the various end-use industries.
 

From the regional point of reference, the major geographies considered for assessing worldwide portable fire extinguisher market size are North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy), Asia Pacific (Japan, China, South Korea, India, Australia), and Latin America (Mexico and Brazil).
 

Experts cite that Asia Pacific accounts for majority of the market share owing to rising number of infrastructural development projects in the region. Meanwhile, MEA industry is expected to expand rapidly due to implementation of stringent rules & restrictions, as well as growing concerns regarding safety & security.
 

Yamato Protec Corp., Feuerschutz Jockel GmbH & Co. Kg., Flame Stop Australia Pty. Ltd., Britannia Fire Ltd., Amerex Corp., Hochiki Corp., Activar Inc., Desautel S.A.S, Hatsuta Seisakusho Co. Ltd., and Ceasefire Industries Pvt. Ltd. are the major companies influencing the global portable fire extinguisher market trends.