Industry News: Fire Hydrant Market share will grow at CAGR of 4.9% says Report Ocean

The report Fire Hydrant Market Analysis and forecast 2027 maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides Fire Hydrant Market analysis and information corresponding to market segments such as geographies, product type, application, and end-use industry. Experts use the most recent Fire Hydrant Market research techniques and tools to assemble widespread and precise marketing research reports. A detailed outline about Fire Hydrant market size and share were combined in this report which gives a comprehensive analysis of different verticals of businesses.

The recent document on the Fire Hydrant market involves breakdown of this industry as well as division of this vertical. As per the report Fire Hydrant market is subjected to grow and gain returns over the predicted time period with an outstanding growth rate y-o-y over the predicted period.

The global fire hydrants market size was $1,189.2 million in 2019, and is expected to reach $1,574.5 million by 2027, growing at a CAGR of 4.9% from 2020 to 2027. A fire hydrant is a stationary equipment placed outside or inside a building, industrial area, and parking area, which is connected to a private or municipal water service network. They are designed to directly offer water needed by fire fighters to extinguish a fire.

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Scope of Fire Hydrant Market report: The global fire hydrant market is witnessing development, owing to rise in service demands from commercial users and industrial customers. Governments in several countries have implemented strict fire safety rules, which has progressively led to huge demand for fire hydrants. Development of the global fire hydrants market is expected to rise at a decent pace in the coming years. Trends show that fire hydrants with wireless sensors or smart nodes are widely adopted in developed countries. Recent trends in the global fire hydrants industry is to utilize less quantity of water. Such proficiency is attained by the use of smart nodes or wireless sensors in fire hydrants as the maintenance is low-priced and the action is fast.
Further, the market for fire safety systems such as fire hydrants is expected to have a lot of scope in the years to come, owing to severe implications concerning installation of fire hydrants in organizations and industries. In addition, rise in number of startups and new commercial spaces require incorporation of fire protection systems, which, in turn, boosts the market growth. For instance, campaigns such as startup India have influenced people to establish more startups and companies, hence a greater number of offices are expected to be started in the future. However, need for certifications & tests and the initial installation & maintenance costs of fire hydrants hinder the market growth.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market

  • – American Cast Iron Company
    – AVK International A/S
    – Compagnie De Saint -Gobain S.A.
    – EJ Group, Inc
    – Grundfos Holding A/S
    – Kupferle Foundry Company
    – McWane, Inc
    – Mueller Water Products, Inc
    – Talis Management Holding GmbH
    – Terminal City Iron Works Ltd
    – Bocciolone Antincendio S.P.A.
    – CSA S.R.L.
    – IMP Armature D.O.O.
    – Rapidrop Global Ltd
    – Newage Fire Fighting Co. Ltd
    – NT Agni Solutions Pvt Ltd
    – Shaoxing Shangyu Hongye Fire Protection Equipment Factory (HONGYE)
    – Smith & Sharks Projects Pvt Ltd
    – Steel Recon Industries SDN. BHD.
    – Torvac Solutions PTY Ltd
    – ALBILAD Fire Fighting Systems Company, Ltd
    – Bristol Fire Engineering
    – SFFECO Global

Fire Hydrant Market Breakdown Data by PRODUCT TYPE

  • – Dry Barrel
    – Wet Barrel

Fire Hydrant Market Breakdown Data by OPERATING TYPE

  • – Conventional
    – Smart

Fire Hydrant Market Breakdown Data by CONSTRUCTION

  • – Underground
    – Above Ground

Fire Hydrant Market Breakdown Data by END-USER

  • – Commercial
    – Industrial

This report also splits the market by region:

  • North America
  • Europe
  • Asia-Pacific

Fire Hydrant Market outlook: Apart from exploring into the various segments, the report clustered on key Fire Hydrant Market trends and sectors that are either driving or averting the growth of the Fire Hydrant industry. Growth policies and plans are mentioned likewise as producing processes and cost structures also are analyzed. The Fire Hydrant Market industry development trends are studied through both secondary and primary sources. Finally, the feasibility of the latest investment comes is assessed and overall analysis conclusions offered in Fire Hydrant market analysis report.

This study specially analyses the impact of Covid-19 outbreak on the Fire Hydrant, covering the supply chain analysis, impact assessment to the Fire Hydrant market size growth rate in several scenarios, and the measures to be undertaken by Fire Hydrant companies in response to the COVID-19 epidemic.

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