Asia Pacific Fire Hydrant Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Dry Barrel and Wet Barrel), Operating Type (Conventional and Smart), Construction (Underground and Above Ground), and End User (Commercial and Indus

Asia Pacific Fire Hydrant Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Dry Barrel and Wet Barrel), Operating Type (Conventional and Smart), Construction (Underground and Above Ground), and End User (Commercial and Industrial)    

The APAC fire hydrant market is expected to grow from US$ 280.11 million in 2021 to US$ 407.50 million by 2028. It is estimated to grow at a CAGR of 5.5% from 2021 to 2028. Innovative technologies have been initiated with the growing economy to transform the urban landscape. The World Bank outlines a technology-intensive smart city with interconnected networks and sensing technologies. Most upcoming cities are likely to have high-rise buildings and a dense concentration of buildings, making it mandatory to address fire situations to mitigate any loss of property and life in the near future. With the help of emerging technologies, such as the Internet of Things (IoT), the effectiveness of fire response can be increased. An IoT-enabled sensing technology with gateways connected to a backbone cloud-based software & apps is essential for smart cities and buildings to enable fire hydrants. The advancement of wireless technologies, majorly for IoT-enabled sensors, and easy access to internet connectivity and bandwidth is another aspect contributing to the adoption of fire hydrants. IoT sensors are installed to monitor electrical systems and identify active heat sources continuously. Once a temperature spike is identified, a notification is sent immediately to take necessary inspections to prevent potential catastrophes. The IoT temperature sensors overcome the challenges of old smoke detectors by identifying ignited fires much faster before they emit smoke. Therefore, with the increasing conceptualization of smart cities, offices, and buildings across the region, the scope of integration of IoT-based fire hydrants is also expected to expand, thereby influencing the APAC market during the forecast period.

The COVID-19 outbreak resulted in a massive financial loss in APAC. The imposed lockdown to limit the outbreak hampered the manufacturing sector significantly. China, India, South Korea, and Taiwan dominate the global manufacturing sector with a number of manufacturing units. Since the emergence of the COVID-19, Asian countries underwent several lockdown phases, which adversely affected the manufacturing and construction industries. Due to the imposition of lockdown, the production of fire alarms, sprinklers, and extinguishers has witnessed disruption. In addition, the decline in the construction of commercial, industrial, and residential sectors also interrupted the adoption of fire hydrants in buildings.

Based on operating type, the conventional segment led the APAC fire hydrant market in 2020. The operational and medium pipes are combined in a single cast housing in conventional hydrants, separated in free flow subsurface hydrants. This results in significantly better hydraulic conditions than hydrants with a valve stopper as a shut-off device. Main water flushing is usually performed in two ways: Traditional or unidirectional (UDF). The distinction between the two systems is well described by WATER Finance & Management. Hydrants are opened in several targeted places and released water until accumulations are cleared, and water runs clean in traditional flushing. While this procedure is simple for water operators and workers to implement, it needs a lot of water and may not always properly clean the pipe. Each pipeline is segregated with UDF to create a single-direction flow and clean the line quickly. UDF provides faster velocities to clear the pipes and uses less water by concentrating the flow. The segment's rise is fueled by increased fire accidents, driving the APAC fire hydrant market.

The overall APAC fire hydrant market size has been derived using primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC fire hydrant market. The process also serves the purpose of obtaining an overview and forecast for the APAC fire hydrant market concerning all the segments of the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants who typically participate in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC fire hydrant market. AVK International A/S; EJ Group, Inc.; McWane, Inc.; Mueller Co. LLC; Newage Fire Protection Services Pvt. Ltd; and Rapidrop Global Ltd are a few players in the APAC fire hydrant market.

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