Europe 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)

Europe 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 Europe fire hydrant market is expected to grow from US$ 473.46 million in 2021 to US$ 656.91 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The construction sector has been flourishing with increased infrastructural projects in recent times. This trend is anticipated to endure over the years, creating a vast potential for commercial and industrial construction. Governments of various countries are undertaking initiatives to support the construction industry. The growth phase in the construction industry and building design has introduced more professional designs, construction methods, and technologies to fulfill the demand for fire safety. With growing construction, infrastructure projects in the commercial and residential sectors are booming. Malls, dwellings, hotels, domestic and residential buildings, especially high-rise buildings, are witnessing a massive rise. In recent years, multi-story and high-rise buildings have garnered significant attention in fire safety. The code bodies and local, regional, and national governments are all engaged in increasing the safety of high-rise buildings. The numerous skyscrapers in countries contribute to the adoption of fire hydrant equipment. Strong economic conditions and low rates of interest are contributing to the expansion of construction in the region. The construction industry in the region is experiencing a steady growth in the commercial and industrial construction sectors. Progression in the construction of private housing, commercial offices, and commercial retail is anticipated to provide profitable opportunities to the regional market, thus, positively impacting the Europe fire hydrant market during the forecast period.

European countries are amongst the primary market for fire hydrants due to the expansion of residential and commercial sectors, driven by the increasing tourism and continuous migration of people for work and other priorities. However, due to business lockdowns, travel bans, and supply chain disruptions, the region has witnessed a decline in construction activities in these sectors. The drop in such activities has caused limited procurement of new fire hydrants in buildings. Italy, Spain, the UK, and Sweden are some countries that witnessed the highest number of fires. The scope of the fire hydrant market in these countries is anticipated to rise during the forecast period with increasing construction and the need to mitigate the impact of fire.

The wet barrel segment led the Europe fire hydrant market based on product type in 2020. Wet-barrel fire hydrants are designed for usage in moderate climates, and freezing temperatures are rare. A wet-barrel hydrant has one or more valve openings above the ground line. The whole interior of the hydrant is subjected to water pressure at all times under typical operating conditions. Wet barrel hydrants have a variety of advantages, which is why they are so popular in places where freezing is not an issue. They are constructed straightforwardly. All of the mechanical components are visible and easily accessible above ground. When final grading in new construction sites differs from expectations, the hydrant can be readily raised or lowered by adding or deleting riser parts. As a result, they may be adjusted to the correct height without the need for costly adjustments. The demand for wet barrel fire hydrants is expected to increase in the near future, driving the Europe fire hydrant market.

The overall Europe fire hydrant market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe fire hydrant market. The process also serves the purpose of obtaining overview and forecast for the Europe fire hydrant market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert 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 Europe fire hydrant market. AVK International A/S; Bocciolone Antincendio SpA; EJ Group, Inc.; IMP Armature d.o.o.; McWane, Inc.; Mueller Co. LLC; Newage Fire Protection Services Pvt. Ltd; and Rapidrop Global Ltd are among a few players operating in the Europe fire hydrant market.

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