The North America Portable Fire Extinguisher Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). The increasing requirement for lightweight and easily movable fire extinguishers is boosting the demand for portable fire extinguishers. Portable extinguishers are helpful in controlling the fire and act as a first response in controlling the fire. However, the increasing awareness among consumers related to personal safety and property protection in an emergency is boosting the demand for portable extinguishers.
Furthermore, the government’s regulation and orders for installing extinguishers in automobiles has impacted the positive growth of the lightweight extinguishers. Manufacturers are aiming to develop more compact and lightweight products for catering the increasing demand for portable extinguishers. The availability of lightweight and compact extinguishers like fireballs is encouraging the acceptance of the product.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Portable Fire Extinguisher Market in North America is expected to register a CAGR of 11.5% 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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