Portable Fire Extinguisher Market to Gain Valuation of US$

2022-10-01 12:15:25 By : Ms. Sophia Tang

August 23, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The portable fire extinguisher market size is prognosticated to reach a value of US$ 12.2 Bn by the end of 2031, as per a study by Transparency Market Research (TMR). This highlights that the market is estimated to develop at a CAGR of 4.0% during the forecast period, from 2022 to 2031.

The report by TMR offers in-depth data on the portable fire extinguisher market. Hence, it enlightens readers on important aspects on the market including the growth drivers, challenges, growth restraints, recent developments, emerging trends, and marketing strategy of fire extinguisher. Moreover, it sheds light on key statistics including the volume, share, and the most common portable fire extinguisher that are in high demand.

Manufacturers are focusing on providing best portable fire extinguishers to the end-users. Hence, they are seen increasing R&D activities and launching next-gen products. This aside, players in the portable fire extinguisher market are using organic and inorganic strategies such as collaborations, alliances, mergers, and acquisitions in order to stay ahead of the competition.

Portable firefighting equipment are gaining traction owing to their ability to restrict the level of pollution caused due to burning debris and smoke when suppressing fire, thereby aiding in the environment protection. Hence, the use of portable fire extinguishers has been rising globally. This is prognosticated to fuel the portable fire extinguisher market growth during the forecast period.

The portable fire extinguisher market in Asia Pacific is expected to maintain its dominating position during the forecast period. The growth of the Asia Pacific market is ascribed to rise in the infrastructure development activities in emerging economies such as India, the Philippines, Malaysia, and Singapore.

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Portable Fire Extinguisher Market: Key Findings

Portable Fire Extinguisher Market: Growth Boosters

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Portable Fire Extinguisher Market: Key Players

Some of the key players profiled in the report are:

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Portable Fire Extinguisher Market Segmentation

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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

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