At 5.10% CAGR, Global Fire Hydrants Market Size & Share to Surpass US$ 1.63 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC
Global Fire Hydrants Market Overview (2022-2027)
• Historical Market Size (2021): US$ 1.19 Billion
• Forecast CAGR (2022-2027): 5.10%
• Forecast Market Size (2027): US$ 1.63 Billion
What is a Fire Hydrants Market?
Fire hydrants represent mechanical devices that are used for active fire protection to safeguard the lives, business processes, and belongings of individuals. They usually comprise firefighting pumps and accessories, hoses, couplings, hose reels, landing valves, nozzles, etc.
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Fire hydrants help in connecting the water supply network to the hose, which allows firefighters easy access to join the required equipment and deal with fire emergencies quickly. In line with this, they are bright yellow and red for better visibility and have colored tips representing the volume of water.
Fire hydrants can supply in gallons per minute (GPM), with blue having the highest and red having the lowest GPM. They are widely utilized in water transfer and irrigation processes.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the major market drivers in the Fire Hydrants Market:
The rising infrastructure developmental projects are primarily driving the fire hydrants market. Additionally, the growing number of hotels, industries, shopping complexes, educational institutions, hospitals, etc., is further catalyzing the market growth.
Besides this, the widespread adoption of fire hydrants across manufacturing and oil and gas industries to prevent fire accidents caused by flammable materials and gases is acting as another significant growth-inducing factor.
Moreover, the implementation of several stringent regulations by government bodies to install fire protection systems in commercial and residential buildings is also positively influencing the global market.
Apart from this, the introduction of smart variants by leading manufacturers that offer a complete picture of water distribution networks, facilitate water management, and save money by detecting leakage more rapidly and efficiently than other approaches is anticipated to fuel the fire hydrants market over the forecasted period.
| Fire Hydrants Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 1.19 Billion |
| Market forecast in 2027 | US$ 1.63 Billion |
| Growth Rate | CAGR of 5.10% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Operating Type, Construction And End User |
| Regional scope | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Key companies profiled | merican Cast Iron Pipe Company, AVK International A/S (AVK Holding A/S), Bocciolone Antincendio S.p.a., EJ Group Inc., Hawle Valves India Private Limited, IMP Armature d.o.o., McWane International, Mueller Co. LLC (Mueller Water Products Inc.), Naffco Fzco, NewAge Fire Protection Industries Pvt. Ltd and Rapidrop Global Ltd. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Dry Barrel
- Wet Barrel
Breakup by Operating Type:
- Conventional
- Smart
Breakup by Construction:
- Underground
- Above Ground
Breakup by End User:
- Commercial
- Industrial
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The major players in the market are The major players in the market are Merican Cast Iron Pipe Company, AVK International A/S (AVK Holding A/S), Bocciolone Antincendio S.p.a., EJ Group Inc., Hawle Valves India Private Limited, IMP Armature d.o.o., McWane International, Mueller Co. LLC (Mueller Water Products Inc.), Naffco Fzco, NewAge Fire Protection Industries Pvt. Ltd and Rapidrop Global Ltd.
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