Recently, a new research document dubbed The Global Portable Fire Extinguisher Market 2022 by Manufacturers, Regions, Type and Application – Forecast to 2028 was published by MarketsandResearch.biz, a leading global market research agency providing expert research solutions to recognized entities, which highlighted industry dynamics, given they are an essential component that provides an overall outlook of the global portable fire extinguisher market.
The analysis includes the most up-to-date competitive data and realistic advice for companies and other consumers looking to enter the regional or global business sector.
Meanwhile, top New York City fire extinguisher inspection, sales, equipment and violations removal businesses like Ace Fire Extinguishers located in Brooklyn, NY, have been looking into the data, trending technologies, key players and geographical regions surrounding this global extinguisher market – poised to reach peak growth by 2028 – to analyze how it’s all going to affect various industries and domains.
“According to the data we’ve analyzed, the global portable fire extinguisher market size, due in no small part to the COVID-19 pandemic, was estimated to be worth $45,150 million in 2021 and is forecast to be readjusted to $52,590 million by 2028, with a CAGR of 2.2-percent during the review period,” states Jack Shammah, owner of Ace Fire Protection. “Fire extinguishers are used by almost every segment, including commercial, household and industrial, and come in various forms such as dry powder type, foam type and carbon dioxide type.
“Regulatory laws mandating the installation of fire extinguishers, and a growing number of industrial and domestic fire incidents, are driving worldwide portable fire extinguisher market growth – in fact, the National Fire Protection Association claims that roughly 358,000 households have experienced a fire accident every year since 2018.”
Experts like Shammah continue to agree that rising availability of replacements such as automated smoke, fire and sprinkler systems may hamper the market growth during the analysis period specified in the MarketsandResearch.biz document; however, they also point out that increasing launches of new transportable and portable fire extinguishers, along with developing public awareness regarding safety and security issues, will continue to enhance the market outlook in the coming years.
ACE Fire Protection
666 Morgan Ave.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Herald Quest journalist was involved in the writing and production of this article.