Research Expert: Sarah Overall
  • Published: Aug 2024
  • Pages: 150
  • SKU: IRTNTR75445

  • Portable Fire Extinguisher Market Size to grow by USD 1925.3 million between 2024-2028

    Technavio, a leading provider of market research reports, has released its latest study on Portable Fire Extinguisher Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

    Key Highlights:

    • Market Research Overview: The global housewares and specialties market, a segment of the larger household durables industry, encompasses various product categories such as cookware, bakeware, tableware, kitchen electrics, and kitchen tools and accessories. According to Technavio's market research, the household durables market size is determined by the consolidated revenues of manufacturers in sectors like consumer electronics, homebuilding, household appliances, houseware and specialties, and leisure products. Factors fueling growth in the housewares and specialties market include the introduction of innovative designs and vibrant colors in houseware products. Consummers' preference for stylish, distinctively colored kitchen essentials is driving market expansion. - The Portable Fire Extinguisher Market is experiencing significant growth, fueled by the Implementation of stringent fire safety regulations. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

    • Major Findings:
      • Implementation of stringent fire safety regulations
      • Rise in development of commercial and residential buildings
      • Fluctuating raw material prices
      • Increasing environmental concerns with foam-based portable fire extinguishers
    • Growth Projections

    The market size is estimated to grow by USD 1925.3 million, at a CAGR of 7.44% during the forecast period. The global portable fire extinguisher market is poised for substantial expansion in the coming years, driven by advancements in technology and mergers and acquisitions (M&A). Strategic M&A and collaborations enable vendors to enhance the efficiency of their offerings and boost profitability. Capital outlays are made to introduce new product lines or acquire other service providers. For instance, in April 2022, Resideo Technologies finalized the acquisition of First Alert, Inc., a leading home safety solutions provider, from Newell Brands Inc. This deal underscores the market's dynamic nature and the competitive drive for growth and innovation.

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    • Regional Insights

    The Portable Fire Extinguisher market represents a significant business opportunity due to the increasing demand for fire safety solutions in both residential and commercial sectors. These devices are essential for mitigating fire risks and ensuring business continuity. Market growth is driven by factors such as stringent regulatory compliance, technological advancements, and rising awareness about fire safety. Key players in this market include Kidde, Amerex, and Ansul, among others.

    About Technavio                                                                        

    Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

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