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Global Fire Hydrant Market to Grow at a CAGR of 4.95% During 2022-2027, Aided by the Rising Urbanisation and Industrialisation

Fire Hydrant Market

Global Fire Hydrant Market: By Product Type: Dry Barrel, Wet Barrel; By Operating Type: Conventional, Smart; By Construction: Underground, Above Ground; By End User: Commercial, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Fire Hydrant Market Outlook

The global fire hydrant market stood at a value of around USD 1178.9 million in 2021. The market is further expected to grow at a CAGR of 4.95% in the forecast period of 2023-2028 to attain a value of around USD 1575.3 million by 2027.

 

Global Fire Hydrant Market

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Increasing Utilisation of Dry Barrel Fire Hydrants to Catalyse the Growth of the Global Fire Hydrant Industry

Based on product type, the dry barrel segment is estimated to occupy a significant share in the fire hydrant industry. This can be attributed to the increased use of dry barrel fire hydrants in regions with a colder climate. Dry barrel hydrants are designed for areas with lower temperatures, as the barrels above ground remain dry and the water main is located below the ground, which prevents it from freezing. In addition, with subsequent developments in fire hydrant systems worldwide, manufacturers are combining both the wet and dry barrel properties to create a hybrid fire hydrant, such as wet-top dry barrel hydrants, that could work in varied climates. This is expected to further aid the market in the forecast period.

 

The North American Region to Possess a Significant Market Share in the Global Fire Hydrant Industry

North America is predicted to occupy a significant share of the global fire hydrant industry. This can be attributed to the stringent regulations put in place by the government and other regulatory agencies in the region. According to a report issued by the World Bank, fires cause more than 180,000 fatalities in a year globally, which is three times more than the annual average of natural hazards, and in the US alone, fire-related expenses amount to 1-2% of the GDP, annually. As a result, strict fire regulations are increasingly being implemented in order to reduce the risk of fires. These factors are expected to positively impact the market growth of fire hydrants in the forecast period.

 

Fire Hydrant: Market Segmentation

Fire hydrants are water outlets that are essential in the active fire protection process. Fire hydrants are found in most urban and suburban areas, where the water is connected to the municipal water network that can be easily used to draw out a large volume of water by the fire rescue team in extinguishing a fire. These are found underneath the ground and aboveground. They come in bright red and yellow colours to increase their visibility, and sometimes have different coloured tops to indicate the volume of water a fire hydrant can deliver in gallons per minute (GPM), with blue having the highest GPM and red, the lowest.  In addition, these hydrants are also used in water transfer and irrigation processes.

 

Global Fire Hydrant Market By Segment

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By product type, the market is distributed into:

  • Dry Barrel 
  • Wet Barrel

On the basis of operating type, the industry can be categorised into:

  • Conventional 
  • Smart

Based on construction, the market can be segmented into:

  • Underground 
  • Aboveground

On the basis of end user, the industry can be bifurcated into:

  • Commercial
  • Industrial

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Fire Hydrant Market By Region

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Rising Industrialisation and Urbanisation to Augment the Growth of the Global Fire Hydrant Industry

According to the World Bank report dated October 2020, rapidly increasing urbanisation is a major cause of fires globally, and by 2050, two-third of the entire world's population would be living in cities. This, in turn, is leading to numerous issues such as fire hazards. Moreover, heightened industrialisation, especially in areas with high population density, is leading to the informal construction of commercial and residential buildings that do not meet the regulatory standards of fire safety and precautions and pose a major urban fire risk. In this regard, governments are increasingly investing in infrastructure planning and construction by utilising fire-resistant materials and installing fire hydrant systems. The growing installation of fire hydrant systems in and around the building to increase safety while efficiently decreasing the chances of a huge disaster is expected to aid the market in the forecast period.

 

Key Industry Players in the Global Fire Hydrant Market

The report gives a detailed analysis of the following key players in the global fire hydrant market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • American Cast Iron Pipe Company
  • AVK Holding A/S
  • EJ Group Inc.
  • Kupferle Foundry Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical
and Forecast Market Analysis by Segment- Product Type, Operating Type, Construction, End User, Region
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
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered American Cast Iron Pipe Company, AVK Holding A/S., EJ Group Inc, Kupferle Foundry Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Fire Hydrant Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Fire Hydrant Historical Market (2018-2022) 
    8.3    Global Fire Hydrant Market Forecast (2023-2028)
    8.4    Global Fire Hydrant Market by Product Type
        8.4.1    Dry Barrel
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Wet Barrel
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Fire Hydrant Market by Operating Type
        8.5.1    Conventional
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Smart
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Fire Hydrant Market by Construction
        8.6.1    Underground
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Above Ground
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Fire Hydrant Market by End User
        8.7.1    Commercial
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Industrial
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)    
    8.8    Global Fire Hydrant Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Fire Hydrant Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Fire Hydrant Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Fire Hydrant Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Fire Hydrant Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Fire Hydrant Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     American Cast Iron Pipe Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    AVK Holding A/S.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    EJ Group Inc
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Kupferle Foundry Company
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Fire Hydrant Market: Key Industry Highlights, 2018 and 2028
2.    Global Fire Hydrant Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Fire Hydrant Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Fire Hydrant Historical Market: Breakup by Operating Type (USD Million), 2018-2022
5.    Global Fire Hydrant Market Forecast: Breakup by Operating Type (USD Million), 2023-2028
6.    Global Fire Hydrant Historical Market: Breakup by Construction (USD Million), 2018-2022
7.    Global Fire Hydrant Market Forecast: Breakup by Construction (USD Million), 2023-2028
8.    Global Fire Hydrant Historical Market: Breakup by End Use (USD Million), 2018-2022
9.    Global Fire Hydrant Market Forecast: Breakup by End Use (USD Million), 2023-2028
10.    Global Fire Hydrant Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Fire Hydrant Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Fire Hydrant Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Fire Hydrant Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Fire Hydrant Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Fire Hydrant Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Fire Hydrant Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Fire Hydrant Market Forecast: Breakup by Country (USD Million), 2023-2028 
18.    Latin America Fire Hydrant Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Fire Hydrant Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Fire Hydrant Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Fire Hydrant Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Fire Hydrant Market Structure

Key Questions Answered in the Report

What was the global fire hydrant market size in 2021?

In 2021, the global fire hydrant market attained a value of nearly USD 1178.9 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.95% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1575.3 million by 2027.

What are the major industry drivers?

The major drivers of the industry, such as the increased focus on safety in commercial and residential buildings, rising incidences of fire worldwide, increased investments by the government in the development of fire protection strategies, and rapid technological advancements, are expected to aid the market growth.

What are the key industry trends of the fire hydrant market?

The key market trends guiding the industry's growth include the rising urbanisation and industrialisation.

What are the major regional markets of fire hydrant, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant product types available in the market?

The significant product types include dry barrel and wet barrel.

What are the important segments of the product, based on operating type?

The major segments based on operating type include conventional and smart.

What are the significant segments based on construction, considered within the market?

The significant segments based on construction include underground and aboveground.

What are the major end use segments of the product?

The major end use segments include commercial and industrial.

Who are the key industry players, according to the report?

The major players in the industry are American Cast Iron Pipe Company, AVK Holding A/S, EJ Group Inc., Kupferle Foundry Company, and others.

Analyst Review

The global fire hydrant market attained a value of USD 1178.9 million in 2021, driven by the growing urbanisation and industrialisation. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.95%. The market is projected to reach USD 1575.3 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market can be distributed into dry barrel and wet barrel. On the basis of operating type, the industry can be segmented into conventional and smart. Based on construction, the industry can be segregated into underground and aboveground. The industry can be bifurcated, based on end user, into commercial and industrial. The major regional markets for fire hydrants are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Cast Iron Pipe Company, AVK Holding A/S, EJ Group Inc., Kupferle Foundry Company, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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