Portable Fire Extinguisher Global Market Report 2024

The portable fire extinguisher market size has grown strongly in recent years. It will grow from $7.54 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The historical period witnessed growth driven by strict adherence to fire safety regulations, industrial expansion, development of commercial infrastructure, and the increasing trend of urbanization.

The portable fire extinguisher market size is expected to see strong growth in the next few years. It will grow to $11.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to various factors, including the adoption of smart fire safety solutions, a renewed emphasis on residential safety, the growth of e-commerce, increased construction activities, and the impact of global climate changes. Noteworthy trends expected in the forecast period include strategic partnerships, advancements in technology, the integration of Internet of Things (IoT) for monitoring purposes, the use of environmentally friendly extinguishing agents, and the implementation of advanced fire detection technologies.

The portable fire extinguisher market is anticipated to experience growth, driven by the increasing number of transportation vehicles. These vehicles, including buses, coaches, and minibuses, utilize portable fire extinguishers as essential safety equipment to combat onboard fires. Additionally, certain countries mandate the installation of fire extinguishers in vehicles transporting inflammable materials, contributing to improved road safety. For example, in January 2023, the National Automobile Dealers Association (NADA) reported 13.7 million new light-vehicle sales in the United States, with an expected 6.6% increase to 14.6 million in 2023.

Tthe portable fire extinguisher market is expected to be propelled by growing consumer awareness concerning personal safety and property protection. Personal safety encompasses measures taken to ensure individuals' well-being during emergencies, while property protection involves safeguarding physical assets. With an increase in fire incidents causing property damage, consumers are increasingly recognizing the significance of portable fire extinguishers. In 2021, the Fire Industry Association reported a rise to 93% in successfully extinguished fires using portable extinguishers, without the need for fire department intervention, highlighting the growing emphasis on fire safety awareness.

Major players in the portable fire extinguisher market are dedicated to introducing innovative products to maintain their market positions. For instance, in January 2021, CASP Aerospace, a Canadian product design company, unveiled the 375H673 portable aircraft fire extinguisher filled with Halotron BrX (stabilized 2-BTP). This next-generation fire extinguisher, equipped with a hose, is environmentally friendly and suitable for both new construction and retrofit installations. Featuring a 16G-rated bracket with the same hole pattern as its predecessor, the B722538, the 375H673 allows users to direct firefighting efforts at confined spaces such as those beneath seats or within overhead bins, thanks to the flexible hose attachment. The introduction of the 375H673 addresses the limitations of other 2-BTP-loaded extinguishers that can only be purchased with a nozzle attachment.

Mmajor players in the portable fire extinguisher market are emphasizing strategic partnerships to deliver reliable services to their customers. A strategic partnership involves collaboration between two or more companies or organizations to mutually achieve their goals. For instance, in August 2023, Packaging and Crating Technologies, a leading US-based manufacturer of industrial packaging and crating solutions, collaborated with Fireproof Solutions Inc., a US-based company specializing in fireproof packaging for shipping or storing lithium-ion batteries. Together, they launched Lion-X, a fire extinguishing solution designed to rapidly contain and extinguish fires involving lithium-ion batteries (LIBs), battery packs, and chargers. Lion-X, a water-based, premixed substance, aspirates from a nozzle to generate low-expansion foam. This solution can be manually or automatically sprayed using both wheeled and portable extinguishers. Lion-X can effectively extinguish LIB fires in 30 seconds or less at temperatures as high as 1,600 degrees Fahrenheit, while also minimizing the production of methane or hydrogen during lithium-ion burns.


In September 2021, Pye-Barker Fire & Safety, a US-based construction company offering services such as sprinkler installation, inspections, and industrial cleaning, acquired Industrial Fire and Safety Equipment. This strategic acquisition enables Pye-Barker to expand its portfolio in the portable fire extinguisher market and strengthen its capabilities in delivering comprehensive fire protection solutions. Industrial Fire and Safety Equipment, based in the US, specializes in providing fire extinguisher and suppression services.

Major companies operating in the portable fire extinguisher market report are Hochiki Corporation, Raytheon Technologies Corp., Johnson Controls International PLC, Morita Holdings Corporation, Nationwide Fire Extinguishers, Minimax GmbH & Company KG, Britannia Fire, Ansul, First Alert Inc., Kidde Fire Systems, Yamato Protec Corporation, Ceasefire Industries Pvt. Ltd., Desautel, Amerex Corporation, Activar Construction Products Group, Tyco Fire Products LP, Jorgensen Co., FlameStop Australia Pty. Ltd., Kanex Fire, JL Industries Inc., Safelincs Ltd., Fireboy-Xintex, Safety Technology International Inc. (STI), Strike First Corporation, Buckeye Fire Equipment, Badger Fire Protection, Elide Fire USA, Feuerschutz Jockel GmbH & Co. KG, Hatsuta Seisakusho Co. Ltd., Fest Fire Security.

Asia-Pacific was the largest region in the portable fire extinguisher market in 2023. The regions covered in the portable fire extinguisher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the portable fire extinguisher market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of agents involved in portable fire extinguishers are chemical-based, water-based, CO2-based, metal-based, powdered-based, and foam-based. A chemical-based agent refers to a substance with a distinct molecular composition and properties resulting from a combination of atoms or molecules. These are used to extinguish various types of fire, including class A, class B, class C, class D, and class K. These are sold through various distribution channels, such as online and offline, and are used for several applications, including residential, industrial, manufacturing, construction, warehouses, factories, commercial, and vehicles.

The portable fire extinguisher market research report is one of a series of new reports that provides portable fire extinguisher market statistics, including portable fire extinguisher industry global market size, regional shares, competitors with a portable fire extinguisher market share, detailed portable fire extinguisher market segments, market trends and opportunities, and any further data you may need to thrive in the portable fire extinguisher industry. This portable fire extinguisher market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The portable fire extinguisher market consists of sales of products such as carbon dioxide fire extinguishers, foam fire extinguishers, dry powder fire extinguishers, and wet chemical fire extinguishers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.