South 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

South 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 South America (SAM) fire hydrant market is expected to grow from US$ 50.13 million in 2021 to US$ 60.10 million by 2028. It is estimated to grow at a CAGR of 2.6% 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. The smart hydrant 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, surge in demand for smart fire hydrants will drive the SAM fire hydrants market.

The government bodies of SAM countries have taken an array of actions to protect their citizens and contain the COVID-19 spread. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread through lockdowns, trade bans, and travel restrictions. The spread of the virus has interrupted the manufacturing and supply of different fire safety products in buildings from residential to industrial sectors. With the expansion in the manufacturing industries in the region, the scope of using fire hydrants in them is also expected to rise over the forecast period.

Based on end user, the commercial segment led the SAM fire hydrant market in 2020. Fire hydrants appear to be sitting on the side of the road in commercial locations, ready to be used. Furthermore, prominent players provide commercial fire hydrants. For example, Mueller, released the Super Centurion A-403 Fire Hydrant in June 2018. This hydrant has a nozzle portion and a two-piece ductile iron upper barrel. As a result, the fire hydrant market in SAM is expected to develop due to increased commercial construction activities in the near future. The adoption of more significant safety norms in several nations, a surge in commercial sites, such as shopping malls and offices, and substantial piping systems covering longer distances, are aiding this market.

The overall SAM 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 SAM fire hydrant market. The process also serves the purpose of obtaining overview and forecast for the SAM 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 SAM 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 SAM fire hydrant market.

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Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the fire hydrant market, as well as those hindering it   
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