Portable Fire Extinguisher Market Share, Growth, Trends, and Forecast, 2019–2027

-
A new market report published by Transparency Market Research titled, 'Portable Fire Extinguisher Market [Agent Type: Chemical & Powder Based, Water & Foam Based, CO2 Based, Metal Based, and Others; Fire Type: Class A, B and C, Class A and A&B, Class B&C or B, Class D, and Others; End-user: Residential, Commercial & Industrial, and Others; Distribution Channel: Online and Offline] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.
Global Portable Fire Extinguisher Market - Overview
  • The global portable fire extinguisher market is expected to reach a value of around US$ 73,000 Mn by 2027, expanding at a CAGR of nearly 4% from 2019 to 2027.
  • In terms of volume, the global portable fire extinguisher market is expected to reach nearly 270,000.0‘000 units by 2027, expanding at a CAGR of nearly 4% during the forecast period.
  • Across the world, sustained government initiatives are increasing awareness about the benefits of portable fire extinguishers among the general public. Portable fire extinguishers are almost mandatory in commercial buildings across the world.
  • The Asia Pacific portable fire extinguisher market is a prominent market, followed by North America and Europe.       
Global Portable Fire Extinguisher Market - Driving Factors
  • Rise in both, commercial and residential construction, is increasing the demand for fire extinguishers, which subsequently is increasing the demand for portable fire extinguishers.
  • In various countries across the world, the installation of portable fire extinguishers is mandatory as per government regulations. Increase in commercial establishments, factories, manufacturing plants, warehouses, etc., are increasing the demand for commercial & industrial portable fire extinguishers.
  • Morita Group is a portable fire extinguisher manufacturer based in Japan. As per its investor presentation dated May 9, 2019, the demand for portable fire extinguishers is expected to rise, as the installation of fire extinguishers becomes mandatory in small-scale restaurants in Japan.
  • In various countries, transportation vehicles carrying inflammable and hazardous substances are mandated to carry portable fire extinguishers as per law.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more