Fire Hydrants Market share

According to the latest report by IMARC Group, titled “Fire Hydrants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global fire hydrants market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global fire hydrants market size reached US$ 1.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of  US$ 1.63 Billion by 2027, exhibiting a growth rate (CAGR) of 5.10% during 2022-2027.

Fire Hydrants Market Overview

Fire hydrants are mechanical tools used for active fire protection to protect lives, business processes, and property of individuals. They include hoses, couplings, landing valves, air hose reels, nozzles, and firefighting pumps and accessories. They have colored tips that represent the amount of water they can supply in gallons per minute (GPM), with blue having the highest GPM and red having the lowest GPM.

They are generally bright red and yellow for better visibility. They help connect the water supply network to the hose to provide firefighters easy access to the required equipment and enable them to handle fire emergencies quickly. As a result, fire hydrants find extensive applications in extinguishing fires, water transfer, and irrigation processes across the globe.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Major Market Trends in the Fire Hydrants Market

The global fire hydrants market is primarily driven by the rising construction of residential and commercial infrastructure due to the expanding global population. Moreover, the surging adoption of fire hydrants in manufacturing, oil and gas, and other industries to prevent fires caused by flammable materials and gases is positively influencing the market growth. Additionally, the rising demand for fire hydrants due to the expansion of educational institutions, hotels, industries, shopping complexes, and hospitals is another major growth-inducing factor.

Furthermore, the implementation of stringent norms and regulations by governments of numerous countries to install fire protection systems in residential and commercial buildings is contributing to market growth. Other factors, including the introduction of smart fire hydrants, ongoing research and development (R&D) activities, rapid urbanization, and technological advancements, are also anticipated to propel the market growth.

Major Key Players in Fire Hydrants Market

American Cast Iron Pipe Company, AVK International A/S (AVK Holding A/S), Bocciolone Antincendio S.p.a., EJ Group Inc., Hawle Valves India Private Limited, IMP Armature d.o.o., McWane International, Mueller Co. LLC (Mueller Water Products Inc.), Naffco Fzco, NewAge Fire Protection Industries Pvt. Ltd and Rapidrop Global Ltd.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:

  • Dry Barrel
  • Wet Barrel

Breakup by Operating Type:

  • Conventional
  • Smart

Breakup by Construction:

  • Underground
  • Above Ground

Breakup by End User:

    • Commercial
  • Industrial

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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