The Latin America, Middle East and Africa Portable Fire Extinguisher Market would witness market growth of 13.7% CAGR during the forecast period (2020-2026). There is an increasing demand for lightweight and easily movable fire extinguishers which further propels the demand for portable fire extinguishers. Portable fire extinguishers are generally cylindrical in shape and easy to carry.
It is the first thing that comes to mind as the response to the fire incident, so it is very important to make these fire extinguishers easy to handle. The manufacturing companies of portable fire extinguishers have designed and developed more compact, lightweight, and convenient fire extinguishers, in order to increase their utilization among the consumers. If the extinguisher will be heavy and bulky then, people will not opt for this tool to suppress a fire. Thus, the size, shape, and design of the portable fire extinguishers are estimated to support the growth of the market.
The governing bodies in developing countries are enforcing strict fire safety regulations in the residential sector; the product is expected to increase its penetration in housing estates and condominiums. The increasing growth of the construction industry and rising number of skyscrapers will generate new business opportunities for manufacturers in the residential sector, in the nearby future.
The utilization of portable extinguishers differs depending on the fire type. This factor acts a challenge for the growth of the market as there is no common product for all kinds of fire. Manufacturers are aiming to launch extinguishers that can be helpful in Class A, B, and C fires as they are the main type of fires. ABC rating extinguishers are relevant for use on fire caused owing to the ordinary combustibles, energized electrical equipment, and flammable liquids. Although, BC rating extinguishers are relevant for using it on fire caused because of the flammable liquids and energized electrical equipment.
Based on Product Type, the market is segmented into Dry Chemical Extinguisher, Carbon Dioxide Extinguisher, Water Extinguisher, Foam Extinguisher, and Others. Based on Distribution Channel, the market is segmented into Non-residential sector and Residential sector. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Portable Fire Extinguisher Market in LAMEA is expected to register a CAGR of 13.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Amerex Corporation (McWane, Inc.), Activar, Inc., Hatsuta Seisakusho Co., Ltd. (YOKOI Manufacturing Ltd.), Ceasefire Industries Pvt. Ltd., Yamato Protec Corporation, Flamestop Australia Pty. Ltd., Desautel SAS, Feuerschutz Jockel GmbH & Co., and Safelincs Ltd. (Nationwide Fire Extinguishers).
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