The “Fire Hydrants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report by IMARC Group offers a detailed analysis of the industry, including keyword fire hydrants market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Fire Hydrants Market?
The global fire hydrants market 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.
What are Fire Hydrants?
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, 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.
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What Are The Growth Prospects And Trends In The Fire Hydrants Industry?
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.
What Is Included In Market Segmentation?
The report has segmented the market into the 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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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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