Global Fire Hydrants Market to Reach US$ 1.95 Billion by 2032, Stimulated by Increasing Infrastructural Developments

July 26, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Fire Hydrants Market Report by Product Type (Dry Barrel, Wet Barrel), Operating Type (Conventional, Smart), Construction (Underground, Above Ground), End User (Commercial, Industrial), and Region 2024-2032,” the global fire hydrants market size reached US$ 1.30 Billion in 2023. Fire hydrants are critical components of urban and rural fire protection infrastructure worldwide. Known as a reliable source of water for firefighting, they are essentially high-pressure water outlets located strategically throughout cities, towns, and other populated areas. These devices, often found on street corners, are connected to a large supply of water and allow firefighters to quickly access and control the water in case of emergencies such as fire outbreaks. The basic design of a fire hydrant consists of a valve below the ground that controls the flow of water and one or more outlets above ground from where the water is pumped out. Given their vital role in safeguarding communities from devastating fire incidents, fire hydrants are necessary in every society and their usage and installation are typically governed by stringent regulations and norms.

Global Fire Hydrants Market Trends:

The global fire hydrants market is witnessing robust growth, fueled by increasing infrastructure development. As cities expand and new communities emerge, there is a rising demand for fire hydrants as part of comprehensive fire safety measures. Along with this, escalated awareness about safety and stricter fire safety regulations are also stimulating the market. Another trend influencing market growth is technological advancement. The modernization of fire hydrants, featuring improvements, such as advanced flow control mechanisms, corrosion-resistant materials, and enhanced durability, is raising their demand. Additionally, the adoption of smart fire hydrants equipped with sensors for leakage detection, pressure monitoring, and usage tracking is on the rise. This emerging trend of integrating technology with fire safety measures is providing significant is positively influencing the market. In addition, a growing focus on enhancing the aesthetic appeal of fire hydrants, making them blend more seamlessly with urban landscapes, is also contributing to market growth. Furthermore, the advent of green and eco-friendly fire hydrants, which use less water and are manufactured from recycled materials, represents one of the most promising trends in the industry, creating a positive market outlook. Looking forward, the market value is projected to reach US$ 1.95 Billion by 2032, expanding at a CAGR of 4.25% during 2024-2032.

Market Summary:

Based on the product type, the market has been segmented into dry and wet barrels.
On the basis of the operating type, the market is segregated into conventional and smart.
Based on the construction, the market has been segmented underground and above ground.
On the basis of the end user, the market is segregated into commercial and industrial.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
The competitive landscape of the market has also been examined, with some 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Operating Type, Construction, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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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Global Fire Hydrants Market to Reach US$ 1.95 Billion by 2032, Stimulated by Increasing Infrastructural Developments

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