Fire Hydrants Market to Hit $1.77 Bn, Globally, by 2030 at 4.3% CAGR: Allied Market Research

Surge in commercial and industrial buildings, growth in human and property loss from fire breakouts, and strict implications about installation of fire protection systems have boosted the growth of the global fire hydrants market.

PORTLAND, Ore., Feb. 3, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Fire Hydrants Market by Product Type (Dry Barrel and Wet Barrel), Operating Type (Conventional and Smart), Construction (Underground and Above Ground), and End User (Commercial and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global fire hydrant industry was pegged at $1.13 billion in 2020, and is projected to reach $1.77 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Major determinants of the market growth

Surge in commercial and industrial buildings, growth in human and property loss from fire breakouts, and strict implications about installation of fire protection systems have boosted the growth of the global fire hydrants market. However, high installation and maintenance costs hinder the market growth. On the contrary, surge in demand for smart fire hydrants is expected to open new opportunities for the market players in the future.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/7109

Covid-19 scenario:

• The Covid-19 pandemic forced several companies to halt their operations for short time to comply with new government regulations to curb the spread of the diseases. Moreover, lack of raw materials and manpower during the lockdown hampered the market growth.
• The halt in construction activities and lockdown affected the demand for fire hydrants.

The dry barrel segment held the lion's share

By product type, the dry barrel segment held the largest share in 2020, accounting for more than three-fifths of the global fire hydrants market, due to increase in urbanization and industrialization. However, the wet barrel segment is projected to register the highest CAGR of 4.8% during the forecast period, owing to rise in spending on construction projects and government initiatives to minimize property damage.

Get detailed COVID-19 impact analysis on the Fire Hydrants Market: https://www.alliedmarketresearch.com/request-for-customization/7109

The smart segment to manifest the highest CAGR through 2030

By operating type, the smart segment is estimated to portray the highest CAGR of 8.0% during the forecast period, due to rise in need to prevent spread of fire by assisting firefighters in knocking out fires. However, the conventional segment held the largest share in 2020, contributing to more than 95% of the global fire hydrants market, owing to rise in fire incidents across the U.K. and North America.

North America held the largest share

By region, the global fire hydrants market across North America dominated in 2020, accounting for nearly half of the market, due to rise in construction activities. However, the market across Asia-Pacific is projected to manifest the highest CAGR of 4.8% during the forecast period, due to rapid industrialization and presence of large population.

Major market players

• 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.
• HAWLE BETEILIGUNGSGESELLSCHAFT m.b.H.
• 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
• NAFFCO FZCO
• SFFECO Global

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/7109

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Similar Reports We Have:

Europe Fire Hydrants Market - The Europe fire hydrants market is projected to reach $416.4 million by 2027, registering a CAGR of 5.1% from 2020 to 2027.

Fire Stopping Materials Market - Global fire stopping material market is projected to reach $2,002.4 million by 2030, registering a CAGR of 4.1% from 2021 to 2030.

Fire Protection Systems Market - Global fire protection systems market is projected to reach $1, 31,274.5 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.

North America Fire Protection Systems Market - The North America Fire protection systems market is projected to reach $25,575 million by 2023, growing at a CAGR of 8.5% from 2017 to 2023.

Pre-Book Now with 10% Discount:

Fire Suppression System Market - Opportunity Analysis and Industry Forecast, 2020-2030

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg