The global fire hydrantsmarket size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.
Fire hydrants are mechanical devices used for active fire protection to safeguard the lives, business processes, and belongings of individuals. They comprise firefighting pumps and accessories, landing valves, hoses, couplings, hose reels, and nozzles. They help connect the water supply network to the hose, which allows firefighters easy access to connect the required equipment and deal with fire emergencies quickly. They are bright red and yellow for better visibility and have colored tips representing the volume of water they can supply in gallons per minute (GPM), with blue having the highest and red having the lowest GPM. Apart from extinguishing the fire, these hydrants are used in water transfer and irrigation processes.
Fire Hydrants Market Trends:
The increasing global population is resulting in significant construction of residential and commercial infrastructure. This represents one of the key factors positively influencing the market. The expansion of hotels, industries, shopping complexes, educational institutions, and hospitals is also catalyzing the demand for fire protection equipment across the globe. In addition, the growing adoption of fire hydrants across several manufacturing and oil and gas industries to prevent fire accidents caused by flammable materials and gases is creating a positive market outlook. Apart from this, the enforcement of strict norms and regulations by governments of various countries to install fire protection systems in residential and commercial buildings is propelling the market growth. Furthermore, the increasing utilization of smart fire hydrants offers a complete picture of water distribution networks, facilitates water management, and saves money by detecting leakage more rapidly and efficiently than other approaches. Moreover, leading players are investing in research and development (R&D) activities to introduce advanced product variants, which is expected to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fire hydrantsmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, operating type, construction and end user.
Breakup by Product Type:
Breakup by Operating Type:
Breakup by Construction:
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Base Year of the Analysis
Product Type, Operating Type, Construction, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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.
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Key Questions Answered in This Report
The global fire hydrants market was valued at US$ 1.3 Billion in 2022.
We expect the global fire hydrants market to exhibit a CAGR of 4.87% during 2023-2028.
The rising adoption of fire hydrants across the manufacturing and oil and gas industries to prevent accidents caused by flammable materials and gases is primarily driving the global fire hydrants market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for fire hydrants.
Based on the product type, the global fire hydrants market has been segmented into dry barrel and wet barrel, where dry barrel currently holds the majority of the total market share.
Based on the operating type, the global fire hydrants market can be divided into conventional and smart. Currently, conventional exhibits a clear dominance in the market.
Based on the construction, the global fire hydrants market has been categorized into underground and above ground, where underground currently accounts for the majority of the global market share.
Based on the end user, the global fire hydrants market can be segregated into commercial and industrial. Currently, the industrial sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global fire hydrants market include 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.
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