Middle East and Africa 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 Middle East and Africa (MEA) fire hydrant market is expected to grow from US$ 81.13 million in 2021 to US$ 105.15 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Smart fire hydrants allow water management to stay ahead of the problems by offering a complete picture of their distribution networks. With this knowledge, utilities may save money by preventing issues and gaining customer loyalty by making their lives easier. Smart hydrants can save money by detecting leaks significantly more rapidly and efficiently than current approaches. Even though utilities regularly monitor known trouble sites like major junctions, a minor leak can go undetected for long periods until it gets large enough to interrupt water pressure, erode pavement, or trigger a significant pipe break. A smart hydrant can enable system-wide monitoring daily. Allowing leak detection staff to work more efficiently can also help the utility lower its carbon footprint. Unauthorized hydrant openings can also be detected by smart hydrants, which can inform utilities. Smart fire hydrants could make a substantial dent in the amount of water wasted due to utility system leaks, but there is still the matter of individual water use to consider. Therefore, a surge in demand for smart fire hydrants is likely to drive the MEA fire hydrants market during the forecast period.
The MEA fire hydrant market is primarily affected by the disruption in the national and international supply chains. The shutdown of country borders has disturbed the supply chain of several components and parts required in the construction and manufacturing industries in the region. The use of fire hydrants is required in manufacturing industries and buildings. However, various countries, such as the UAE, Saudi Arabia, and Kuwait, are witnessing growth in high-rise buildings, influencing the market as businesses are getting resumed after imposing bans on construction in the first quarter of 2020. This is expected to impact the use of fire hydrants in multi-story and high-rise buildings.
Based on construction, the above-ground segment led the MEA fire hydrant market in 2020. A fire hydrant is an above-ground connection that allows firefighters to access a water supply in a fire. At street level, there are above-ground hydrants. The key benefit is that they are easy to locate in the case of a fire and maybe put to use quickly. Hawle hydrants, for example, are constructed of stainless steel and blend in well with the urban environment. The old town hydrant, for example, has a unique shape that harkens back to the turn of the twentieth century and works particularly well in historic city centers. The Hawle above-ground hydrants come with or without specified breaking points (a so-called breakaway design), as well as drop jacket hydrants, which are ideal for use outside airport zones.
The overall MEA 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 MEA fire hydrant market. The process also serves the purpose of obtaining overview and forecast for the MEA 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 MEA 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 among a few players operating in the MEA fire hydrant market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA fire hydrant market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA fire hydrant market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the fire hydrant market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook