IMARC Group, a leading market research company, has recently releases report titled “Fire Hydrants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fire hydrants market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Fire Hydrants?
Fire hydrants are mechanical devices utilized for active fire protection, safeguarding the lives, businesses, and properties of individuals. They consist of hoses, couplings, landing valves, hose reels, nozzles, and firefighting pumps and accessories. These hydrants are equipped with colored tips that indicate their water supply capacity in gallons per minute (GPM), with blue indicating the highest GPM and red the lowest. Typically painted in bright red and yellow for enhanced visibility, they serve as vital connectors between the water supply network and hoses, enabling firefighters to swiftly access necessary equipment and effectively respond to fire emergencies. Consequently, fire hydrants find widespread use in extinguishing fires, transferring water, and supporting irrigation processes worldwide.
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.
Global Industry Trends and Drivers:
The global fire hydrants market is experiencing significant growth, primarily fueled by the continuous construction of residential and commercial infrastructure to accommodate the expanding global population. Furthermore, various industries, such as manufacturing, oil and gas, are increasingly adopting fire hydrants to prevent fires caused by flammable materials and gases, driving market expansion. The growing demand for fire hydrants is also attributed to the establishment of educational institutions, hotels, industries, shopping complexes, and hospitals, contributing to their widespread use. Additionally, governments in numerous countries are enforcing strict regulations and norms mandating the installation of fire protection systems in residential and commercial buildings, further boosting market growth. The introduction of smart fire hydrants, ongoing research and development (R&D) activities, rapid urbanization, and technological advancements are other factors projected to propel the market’s continued expansion.
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:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are 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.
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023–2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape