Press release
Europe Fire Hydrants Market Worth $416.4 Million by 2027, Growing at a CAGR of 5.1%
Europe Fire Hydrants Market
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.
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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.
Europe Fire Hydrants Market by Product Type (Dry Barrel and Wet Barrel), Operating Type (Conventional and Smart), Construction (Underground and Aboveground), and End User (Industrial and Commercial)
Strict norms for installation of fire protection equipment such as fire hydrants in industrial sector and growth in human and property loss from fire breakouts are anticipated to boost growth of the Europe fire hydrants market. In addition, increase in commercial and industrial building constructions has led to the rise in sales of fire hydrants, which acts as a driver for the industry.
In addition, industries such as oil & gas and several manufacturing industries involve flammable materials such as crude oil, petroleum, and flammable gases, hence, to evade fire accidents, cutting-edge fire protection systems are required in such industries.
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Key Players
The key players profiled in the market report include AVK Holding A/S, Bocciolone Antincendio, Compagnie De Saint-Gobain S.A., Viking Group, Hawle Holding GmbH, IMP Armature d.o.o., Mueller Water Products, Inc, Rapidrop Global Ltd, Talis Management Holding GmbH, and VonRoll Hydro AG.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging Europe fire hydrants market trends and dynamics.
In-depth market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.
Extensive analysis of the Europe fire hydrants market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The Europe fire hydrants market forecast analysis from 2020 to 2027 is included in the report.
The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Europe fire hydrants market.
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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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