The Asia Pacific Portable Fire Extinguisher Market would witness market growth of 13.6% CAGR during the forecast period (2020-2026). The market is mostly directed by demand from the large infrastructures in developing countries like India and Singapore. The swift growth of the commercial and industrial sectors in the region is supporting the demand for portable fire extinguishers market. Reconstruction activities, along with fire safety codes enforced by the governments includes the Code of Design for Building Fire Protection & Prevention in China and Fire Services Law and Building Standards Law in Japan are supporting the demand for the product in the region.
End-users are changing their perception for fire extinguishers as there are many new products that are focused on the convenience of the end-users. The fast-transforming fire industry is considering fire safety and easy to use fire extinguishers on the same page. Manufacturers have responded by using the ability of automation technology, coupled with equipping their capabilities with portable components.
End-users’ need to face new fire hazards that arise from modern technologies while reducing the risk of damage to life and property. This factor is encouraging manufacturers to adapt to the changes and streamline the designs of portable fire extinguishers to help in ease of use more efficiently. The collective effort towards reducing the number of international fire incidents has encouraged a surge in the adoption of fire extinguishers and other kinds of fire protection 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Portable Fire Extinguisher Market in Asia Pacific is expected to register a CAGR of 13.6% 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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Companies Profiled
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