Fire Hydrant Market Global Insights, Trends and Huge Business Opportunities 2020 to 2027

Global Fire Hydrant Market size was $1.2 billion in 2019, and is expected to reach $1.6 billion by 2027, growing at a CAGR of 4.9% from 2020 to 2027.

Fire hydrants are vital tools essential for any industry or industrial plant to regulate fire in the case of fire or related disasters. Typically, a fire hydrant comprises a water pressurizing system, which is distributed all over a building using hoses and pipes. The market is competitive, owing to a huge level of fragmentation in the industry. In spite of the fragmentation, the industry is chiefly linked by regulatory conditions for operation and establishment. The key factor that drives the market include rise in industrial activities and commercial construction activities globally.

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Leading Players:

The key players profiled in the Fire Hydrant Market report include 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 G.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, and SFFECO Global.

The global Fire Hydrant Market to avert their business processes due to the lockdown imposed by governments around the world to reduce exponential spread of the deadly virus. This break in operations directly affects the global market. Besides, there is a shortage of raw material and shortage of manpower and capital. Furthermore, the COVID-19 has already affected the fire hydrants industry in the first half of 2020 and is likely to cause a negative impact on the market growth throughout the year. Further, after this pandemic ends and the current situation steadies, fire hydrants manufacturers will have to scale up services to adopt the companies after lockdown.

Global Fire Hydrant Market Segments

By Product Type
• Dry Barrel
• Wet Barrel

By Construction
• Underground
• Above Ground

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Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging Fire Hydrant Market trends and dynamics.
• Depending on product type, the dry barrel segment dominated the market, in terms of revenue in 2019 and others is projected to grow at a substantial CAGR during the forecast period.
• By operating type, the conventional-segment registered highest revenue in the market in 2019.
• Depending on construction, the underground segment dominated the market, in terms of revenue in 2019 and is projected to grow at a CAGR 4.9% during the forecast period
• Depending on end-user, the industrial segment dominated the market, in terms of revenue in 2019 and is projected to grow at a CAGR 4.6% during the forecast period.
• The key players within the market are profiled region-wise in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the fire hydrants industry.
• The report provides an extensive analysis of the Fire Hydrant Market trends and emerging opportunities of the market.
• In-depth Fire Hydrant Market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
• The global Fire Hydrant Market forecast analysis from 2020 to 2027 is included in the Market

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