Fire Hydrants Market by Product Type (Dry Barrel and Wet Barrel), Operating Type (Conventional and Smart), Construction (Underground and Above Ground), and End User (Commercial and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global fire hydrants market size was valued at $1,133.3 million in 2020, and is projected to reach $1,775.1 million by 2030, registering a CAGR of 4.3% from 2021 to 2030. 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 are 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. On the basis of 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 2020 and wet barrel segment is projected to grow at a significant CAGR from 2021 to 2030. Based on operating type, the market is divided into conventional, and smart. By operating type, the smart segment is projected to grow at a significant CAGR during the forecast period. Based on construction, the market is divided into underground and above ground. The above ground segment is projected to grow at a significant CAGR from 2021 to 2030. On the basis of end user, the market is divided into commercial and industrial. The industrial segment is projected to grow at a significant CAGR during the forecast period.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is anticipated to be the largest market for fire hydrants during the forecast period. India, Australia, and China are expected to be the main revenue-generating countries in Asia-Pacific.
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, 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 2020 and 2030.
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 2021 to 2030 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
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
American Cast Iron Company
AVK International A/S
Compagnie De Saint -Gobain S.A.
EJ Group, Inc
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
List of Company Profiles
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.
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