Portable Fire Extinguisher Market Growth, Trends and Forecast | 2019 - 2027

1. Sign in Sign in Nikita’s Newsletter Subscribe Portable Fire Extinguisher Market Growth, Trends and Forecast | 2019 - 2027 Nikita Godse 21 hr ago The ?re protection industry has always, and will continue to, bank on ?re extinguishers as the bedrock upon which a complete ?re protection strategy is developed and executed. Being an intangible service and security, ?re protection is undergoing constant advancements, and ?re extinguishing technologies are constantly being enhanced. However, the lack of con?dence among end users regarding the use and installation of conventional ?re extinguishers is leading to a drastic change in the strategic outlook for manufacturers in the ?re protection industry. The sea of evolution in the ?re safety landscape, in general, and the portable ?re extinguisher market, in particular, are too important to be overlooked. Transparency Market Research, in its new research, lays bare the undercurrents that are likely to remain instrumental in the development of this landscape in the future.  Planning to lay down future strategy? Perfect your plan with our report brochure here Portable Fire Extinguishers: The First Line of Defense is Convenience End-user perception about portable ?re extinguishers is changing, as convenience drives the launch of new products. The rapidly-transforming ?re industry is weighing ?re safety and ease of using ?re extinguishers on the same scale. Manufacturers have responded by leveraging the prowess of automation technology, along with equipping their o?erings with portable components. End-users’ need to ?ght new ?re hazards dictated by modern technologies while minimizing the risk of damage to life and property is pushing manufacturers to ring in the changes, and simplify the designs of portable ?re extinguishers to facilitate ease of use with greater e?ciency. How the Portable Fire Extinguisher Market is Shaping Up In the United States alone, property loss caused by ?res increased from over US$ 14 billion in 2007 to around US$ 23 billion in 2017. The collective e?ort towards minimizing the number of international ?re incidents has instigated a spurt in the adoption of ?re extinguishers and other types of ?re protection equipment. In addition, governments across the world have been formulating strict rules that are boosting the sales of portable ?re extinguishers. The portable ?re extinguisher landscape recorded a sales of over US$ 52 billion in 2018, and the stringent regulatory environment is expected to continue to underpin the penetration of portable ?re extinguishers in the coming years. Want to know the obstructions to your company’s growth in future? Request a PDF sample here Impact of Undercurrents on Market Trends Over 6 in 10 portable ?re extinguishers are sold in the commercial and industrial sectors. Leading companies are incorporating tech-driven manufacturing strategies to foray into the most rugged industrial areas, such as mining, oil & gas, and waste management, where the risk of ?re loss is the highest. Product design and development strategies are heavily impacted by the need for portable ?re extinguishers so as to withstand harsh environments and severe corrosion conditions in these end-user segments. With governing bodies in developing countries amassing to implement strict ?re safety regulations for the residential sector, product penetration is projected to reach new heights in housing estates and condominiums. TMR’s study opines that, increasing growth of the construction industry and growing number of skyscrapers will create new business opportunities for manufacturers in the residential sector, in the coming future. Subscribe to Nikita’s Newsletter By Nikita Godse · Launched 4 months ago ICT Type your email… Subscribe Write a comment… Top New What is Nikita’s Newsletter? Electric Vehicle Battery on Demand Market : Trends, outlook and Opportunity Analysis An electric vehicle battery powers the electric motors of a battery electric vehicle or hybrid electric vehicle. These batteries are usually rechargeab… Nikita Godse Sep 28 Refurbished Computer and Laptop Market Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities Transparency Market Research delivers key insights on the global refurbished computer and laptop market. In terms of revenue, the global refurbished co… Nikita Godse Aug 4 Spun-bonded Non-woven Bags Market - Global Industry Analysis, Size, Share, Growth 2030 Spun-bonded non-woven is a mixture of porous flat sheets and fabrics like materials which contains either molten plastic or plastic films with long fib… Nikita Godse Aug 5 See all Ready for more? Type your email… Subscribe © 2021 Nikita Godse. See privacy, terms and information collection notice Publish on Substack Nikita’s Newsletter is on Substack – the place for independent writing