The global fire hydrants market size was $1,189.2 million in 2019, and is expected to reach $1,574.5 million by 2027, growing at a CAGR of 4.9% from 2020 to 2027. A fire hydrant is a stationary equipment placed outside or inside a building, industrial area, and parking area, which is connected to a private or municipal water service network. They are designed to directly offer water needed by fire fighters to extinguish a fire.
The global fire hydrant market is witnessing development, owing to rise in service demands from commercial users and industrial customers. Governments in several countries have implemented strict fire safety rules, which has progressively led to huge demand for fire hydrants. Development of the global fire hydrants market is expected to rise at a decent pace in the coming years. Trends show that fire hydrants with wireless sensors or smart nodes are widely adopted in developed countries. Recent trends in the global fire hydrants industry is to utilize less quantity of water. Such proficiency is attained by the use of smart nodes or wireless sensors in fire hydrants as the maintenance is low-priced and the action is fast.
Further, the market for fire safety systems such as fire hydrants is expected to have a lot of scope in the years to come, owing to severe implications concerning installation of fire hydrants in organizations and industries. In addition, rise in number of startups and new commercial spaces require incorporation of fire protection systems, which, in turn, boosts the market growth. For instance, campaigns such as startup India have influenced people to establish more startups and companies, hence a greater number of offices are expected to be started in the future. However, need for certifications & tests and the initial installation & maintenance costs of fire hydrants hinder the market growth.
The global fire hydrants market is segmented on the basis of product type, operating type, construction, end user, and region. Based on product type, the market is divided into dry barrel and wet barrel. Based on product type, Dry Barrel was the largest revenue-generating segment in 2019.
Based on product type, the market is divided into dry barrel and wet barrel. On the basis of product type, the Dry Barrel segment generated the highest revenue in 2019 and Wet Barrel segments is projected to grow at a significant CAGR of 5.4% from 2020 to 2027. Based on operating type, the market is divided into conventional, and smart. By operating type, the Conventional segment is projected to grow at a significant CAGR of 4.5% during the forecast period.
Based on construction, the market is divided into underground, and above ground. On the basis of construction, the Underground segment generated the highest revenue in 2019 and Above Ground segment is projected to grow at a significant CAGR of 4.6% from 2020 to 2027. Based on end-user, the market is divided into commercial, and industrial. By end-user, the Industrial segment is projected to grow at a significant CAGR of 4.6% during the forecast period.
Region wise, the global fire hydrants market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on region, North America accounted highest share of the global fire hydrants market in 2019. The increase in commercial and industrial construction activities globally, increases the demand for fire hydrants.
COMPETITION ANALYSIS
The key players profiled in the Fire Hydrants Market report include American Cast Iron Company AVK International A/S, Compagnie De Saint -Gobain S.A., EJ Group, Inc, Grundfos Holding A/S, Kupferle Foundry Company, McWane, Inc, Mueller Water Products, Inc, Talis Management Holding GmbH, Terminal City Iron Works Ltd, Bocciolone Antincendio S.P.A., CSA S.R.L., HAWLE BETEILIGUNGSGESELLSCHAFT m.b.H., IMP Armature D.O.O., Rapidrop Global Ltd, Newage Fire Fighting Co. Ltd, NT Agni Solutions Pvt Ltd, Shaoxing Shangyu Hongye Fire Protection Equipment Factory (HONGYE), Smith & Sharks Projects Pvt Ltd, Steel Recon Industries SDN. BHD., Torvac Solutions PTY Ltd, ALBILAD Fire Fighting Systems Company, Ltd, Bristol Fire Engineering, NAFFCO FZCO, and SFFECO Global.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging fire hydrants market trends and dynamics.
? In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
? Extensive analysis of the fire hydrants market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global fire hydrants market forecast analysis from 2020 to 2027 is included in the report.
? The region-wise key market players within fire hydrants market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the fire hydrants industry.
GLOBAL FIRE HYDRANTS MARKET SEGMENTS
BY PRODUCT TYPE
- Dry Barrel
- Wet Barrel
BY OPERATING TYPE
- Conventional
- Smart
BY CONSTRUCTION
- Underground
- Above Ground
BY END-USER
- Commercial
- Industrial
BY REGION
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
KEY PLAYERS
- American Cast Iron Company
- AVK International A/S
- Compagnie De Saint -Gobain S.A.
- EJ Group, Inc
- Grundfos Holding A/S
- Kupferle Foundry Company
- McWane, Inc
- Mueller Water Products, Inc
- Talis Management Holding GmbH
- Terminal City Iron Works Ltd
- Bocciolone Antincendio S.P.A.
- CSA S.R.L.
- HAWLE BETEILIGUNGSGESELLSCHAFT m.b.H.
- IMP Armature D.O.O.
- Rapidrop Global Ltd
- Newage Fire Fighting Co. Ltd
- NT Agni Solutions Pvt Ltd
- Shaoxing Shangyu Hongye Fire Protection Equipment Factory (HONGYE)
- Smith & Sharks Projects Pvt Ltd
- Steel Recon Industries SDN. BHD.
- Torvac Solutions PTY Ltd
- ALBILAD Fire Fighting Systems Company, Ltd
- Bristol Fire Engineering
- NAFFCO FZCO
- SFFECO Global
