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Europe Fire Hydrants Market Growing at a CAGR of 5.1% from 2020 to 2027 | by Product Type, Operating Type, Construction

04-22-2021 05:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Europe Fire Hydrants Market

Europe Fire Hydrants Market

According to a new report published by Allied Market Research, titled, “Europe Fire Hydrants Market by Product Type, Operating Type, Construction, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the Europe fire hydrants market size was valued at $ 308.0 million in 2019, and is projected to reach $416.4 million by 2027, registering a CAGR of 5.1% from 2020 to 2027. In 2019, the conventional segment dominated the market, in terms of revenue, accounting for over four-fifths Europe fire hydrants market share.

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The Europe fire hydrants market has witnessed significant growth over the past decade, owing to factors such as rise in construction of commercial and industrial buildings, rise in government spending on fire protection services, and stringent government regulations toward protection of assets. However, huge installation and maintenance costs required for fire hydrants is projected to hamper growth of the Europe fire hydrants market. In addition, rise in demand for smart fire hydrants from industrial and commercial sectors is anticipated to provide lucrative opportunities for growth of the Europe fire hydrants market.

A fire hydrant is a stationary equipment placed outside or inside a building, industrial area, and parking area, which is connected to a private or municipal water service network. They are designed to directly offer water needed by fire fighters to extinguish a fire.

Key Players

The key market players profiled in the Europe fire hydrants market report include AVK International A/S, Bocciolone Antincendio, Compagnie De Saint-Gobain S.A., Viking Group, Inc, Hawle Holding GmbH, IMP Armature d.o.o., Mueller Water Products, Inc, Rapidrop Global Ltd, Talis Management Holding GmbH, and VonRoll Hydro AG.

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Key Market Segments

By Product Type

DRY Barrel
Wet Barrel

By Operating Type

Conventional
Smart

By Construction

Underground
Above Ground

By End-User

Industrial
Commercial

By Countries

Europe
Germany
UK
France
Italy
Spain
Rest of Europe

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Contact:
David Correa
Portland, OR, United States
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Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

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 domains.

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