North America 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 Indu

North America 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 North America fire hydrant market is expected to grow from US$ 625.09 million in 2021 to US$ 840.57 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2021 to 2028. In the event of a fire in buildings, the fire resistance time of the products and materials is the most critical variable. Fire safety products are developed to assist buildings in retaining their functions during the time needed to evacuate occupants. The manufacturers of fire safety products evaluate product stability, resistance, and fire insulation for their suitability in different applications. The majority of the economies have laid down stringent fire regulations regarding the development of consumer products and the construction of new buildings to ensure occupants' safety. During the last two decades, a vibrant growth in the construction industry has been witnessed, majorly in high-rise buildings. Fire in residential buildings, especially high-rise buildings, becomes more complex, and rescuing tasks becomes difficult. With the rapid modernization of the construction industry, the government bodies of various countries have levied regulations for combating potential fire hazards. For instance, virtually every building, process, service, design, and installation is affected by The National Fire Protection Asociation NFPA's codes and standards. The codes and standards reflect changing industry needs and evolving technologies, supported by research and development and practical experience. The standards by NFPA include NFPA 1 Fire Code, NFPA 3 Standard for Commissioning of Fire Protection and Life Safety Systems, NFPA 4 Standard for Integrated Fire Protection and Life Safety System Testing, and NFPA 10 Standard for Portable Fire Extinguishers. The laying of fire safety-related codes and regulations has been driving the adoption of the fire hydrant across the North America region.

Due to government regulations regarding environmental safety, the US has surfaced as one of the largest fire hydrant consumers, deploying them in almost every industrial, construction, and commercial building. As the manufacturing sector was restricted for a few months, the production and uptake of fire hydrants have experienced a decline. In addition, the Division of the Fire Marshal (DFM) states that fires in residential homes claimed the lives of more than 3,600 in the US in 2018. Fire safety products are growing to lower the harmful impact of fire on the people.

The dry barrel segment led the North America fire hydrant market based on product type in 2020. Dry barrel fire hydrants are typically used in frosty places when the water main is below the frost line. Two drain outlets are located slightly above the main water level on the dry barrel fire hydrant. The central valve disc is meant to flush out soil and other pollutants from the drain channels while opening, as these contaminants might damage the central valve disc. When the fire hydrant is closed after service, the water will drain via the drain holes in the base of the barrel. The growth of the segment is fueled by increased urbanization and industrialization. Increased construction spending and government attempts to reduce property damage are likely to drive category expansion, thereby driving North America fire hydrant market.

The overall North America 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 North America fire hydrant market. The process also serves the purpose of obtaining overview and forecast for the North America 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 North America fire hydrant market. American Cast Iron Company; AVK International A/S; EJ Group, Inc.; Kupferle; McWane, Inc.; Mueller Co. LLC; Newage Fire Protection Services Pvt. Ltd; and Rapidrop Global Ltd are among a few players operating in the North America fire hydrant market.

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