The global fire hydrant market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 4.4% from 2023 to 2028.
The future of the global fire hydrant market looks promising with opportunities in the commercial and industrial markets. The major drivers for this market are growing industrialization and urbanization, rising commercial and industrial construction activities and introduction of strict fire safety regulations by government.
Answer: The global fire hydrant market is expected to reach an estimated $1.8 billion by 2028.
Q2. What is the growth forecast for fire hydrant market?
Answer: The global fire hydrant market is expected to grow with a CAGR of 4.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the fire hydrant market?
Answer: The major drivers for this market are growing industrialization and urbanization, rising commercial and industrial construction activities and introduction of strict fire safety regulations by government.
Q4. What are the major segments for fire hydrant market?
Answer: The future of the fire hydrant market looks promising with opportunities in the commercial and industrial markets.
Q5. Who are the key fire hydrant companies?
Answer: Some of the key fire hydrant companies is as follows:
Answer: It is forecast that dry barrel is expected to remain the largest segment over the forecast period due to growing use of dry barrel fire hydrants in regions with a colder climate and it is specifically designed for areas with lower temperatures as the barrels above the ground remain dry and water is mainly located below the ground, thus prevents it from freezing.
Q7. In fire hydrant market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period due to strict regulations by government, huge availability of corrosion-free hydrants, and quick water storage for fire safety in the region.
Q8. Do we receive customization in this report?
Answer: Yes, 10% customization is provided without any additional cost.
Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity did occur in the last five years and how did they impact the industry?
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The future of the global fire hydrant market looks promising with opportunities in the commercial and industrial markets. The major drivers for this market are growing industrialization and urbanization, rising commercial and industrial construction activities and introduction of strict fire safety regulations by government.
Fire Hydrant Market by Segment
The study includes trends and forecast for the global fire hydrant market by product type, operating type, construction, end-use industry, and region, as follows:Fire Hydrant Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
- Dry Barrel
- Wet Barrel
Fire Hydrant Market by Operating Type [Shipment Analysis by Value from 2017 to 2028]:
- Conventional
- Smart
Fire Hydrant Market by Construction [Shipment Analysis by Value from 2017 to 2028]:
- Underground
- Above Ground
Fire Hydrant Market by End-use Industry [Shipment Analysis by Value from 2017 to 2028]:
- Commercial
- Industrial
Fire Hydrant Market by Region [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Fire Hydrant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, fire hydrant companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire hydrant companies profiled in this report include:- American Cast Iron
- AVK International
- BOCCIOLONE ANTINCEDIO
- EJ Group
- IMP Armature
- Kupferle Foundry
- McWane International
- Mueller
- NEWAGE FIRE PROTECTION SERVICES
- Rapidrop Global
Fire Hydrant Market Insights
- It is forecast that dry barrel is expected to remain the largest segment over the forecast period due to growing use of dry barrel fire hydrants in regions with a colder climate and it is specifically designed for areas with lower temperatures as the barrels above the ground remain dry and water is mainly located below the ground, thus prevents it from freezing.
- Within this market, commercial will remain the largest segment due to high risk of human life losses associated with fire accidents because of presence of more people at such places and rising asset protection awareness among people.
- North America will remain the largest segment over the forecast period due to strict regulations by government, huge availability of corrosion-free hydrants, and quick water storage for fire safety in the region.
Features of the Fire Hydrant Market
- Market Size Estimates: Fire hydrant market size estimation in terms of value.
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Fire hydrant market size by various segments, such as by product type, operating type, construction, end-use industry, and region
- Regional Analysis: Fire hydrant market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product type, operating type, construction, end-use industry, and regions for the fire hydrant market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the fire hydrant market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the fire hydrant market size?Answer: The global fire hydrant market is expected to reach an estimated $1.8 billion by 2028.
Q2. What is the growth forecast for fire hydrant market?
Answer: The global fire hydrant market is expected to grow with a CAGR of 4.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the fire hydrant market?
Answer: The major drivers for this market are growing industrialization and urbanization, rising commercial and industrial construction activities and introduction of strict fire safety regulations by government.
Q4. What are the major segments for fire hydrant market?
Answer: The future of the fire hydrant market looks promising with opportunities in the commercial and industrial markets.
Q5. Who are the key fire hydrant companies?
Answer: Some of the key fire hydrant companies is as follows:
- American Cast Iron
- AVK International
- BOCCIOLONE ANTINCEDIO
- EJ Group
- IMP Armature
- Kupferle Foundry
- McWane International
- Mueller
- NEWAGE FIRE PROTECTION SERVICES
- Rapidrop Global
Answer: It is forecast that dry barrel is expected to remain the largest segment over the forecast period due to growing use of dry barrel fire hydrants in regions with a colder climate and it is specifically designed for areas with lower temperatures as the barrels above the ground remain dry and water is mainly located below the ground, thus prevents it from freezing.
Q7. In fire hydrant market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period due to strict regulations by government, huge availability of corrosion-free hydrants, and quick water storage for fire safety in the region.
Q8. Do we receive customization in this report?
Answer: Yes, 10% customization is provided without any additional cost.
This report answers following 11 key questions:
Q1. What are some of the most promising, high-growth opportunities for the fire hydrant market by product type (dry barrel and wet barrel), operating type (conventional and smart), construction (underground and above ground), end-use industry (commercial and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity did occur in the last five years and how did they impact the industry?
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Table of Contents
1. Executive Summary
2. Global Fire Hydrant Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Cast Iron
- AVK International
- BOCCIOLONE ANTINCEDIO
- EJ Group
- IMP Armature
- Kupferle Foundry
- McWane International
- Mueller
- NEWAGE FIRE PROTECTION SERVICES
- Rapidrop Global
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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