Market Overview 2022-2027
The latest research study “Fire Hydrants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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 CAGR of 5.10% during 2022-2027.
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.
Industry Definition and Application:
Fire hydrants represent mechanical devices that are used for active fire protection to safeguard the lives, business processes, and belongings of individuals. They usually comprise firefighting pumps and accessories, hoses, couplings, hose reels, landing valves, nozzles, etc. Fire hydrants help in connecting the water supply network to the hose, which allows firefighters easy access to join the required equipment and deal with fire emergencies quickly. In line with this, they are bright yellow and red for better visibility and have colored tips representing the volume of water. Fire hydrants can supply in gallons per minute (GPM), with blue having the highest and red having the lowest GPM. They are widely utilized in water transfer and irrigation processes.
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Fire Hydrants Market Trends and Drivers:
The rising infrastructure developmental projects are primarily driving the fire hydrants market. Additionally, the growing number of hotels, industries, shopping complexes, educational institutions, hospitals, etc., is further catalyzing the market growth. Besides this, the widespread adoption of fire hydrants across manufacturing and oil and gas industries to prevent fire accidents caused by flammable materials and gases is acting as another significant growth-inducing factor.
Moreover, the implementation of several stringent regulations by government bodies to install fire protection systems in commercial and residential buildings is also positively influencing the global market.
Apart from this, the introduction of smart variants by leading manufacturers that offer a complete picture of water distribution networks, facilitate water management, and save money by detecting leakage more rapidly and efficiently than other approaches is anticipated to fuel the fire hydrants market over the forecasted period.
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The report has been segmented the market into following categories:
Breakup by Product Type:
Breakup by Operating Type:
Breakup by Construction:
Breakup by End User:
List of Major Key Players:
The major players in the market are merican 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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