Expanding at 5.1% CAGR between 2020 and 2027, Europe Fire Hydrants Market to Reach US$416.4 Mn by 2027

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Expanding at 5.1% CAGR between 2020 and 2027, Europe Fire Hydrants Market to Reach US$416.4 Mn by 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): REGION OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027

Report Ocean has recently published a research study on the Europe fire hydrants market. The report, titled “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): Region Opportunity Analysis and Industry Forecast, 2020–2027,” offers a detailed assessment of this market, including individual analyses of each of its segments.

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The Europe fire hydrants market size stood at US$308.0 mn in 2019. Progressing at a CAGR of 5.10% during the period from 2020 and 2027, the market is projected to reach US$416.4 mn by end of the forecast period.

The market for fire hydrants in Europe is witnessing high growth, thanks to the increasing demand for fire hydrants among commercial and industrial customers. The governments in several countries, such as Germany and Spain, have implemented strict fire safety rules, which gradually, have led to a massive demand for fire hydrants in the region. With the rising number of commercial and industrial buildings in Europe, this market is likely to continue to grow substantially. Wireless sensors or smart nodes are the latest trend in this market. These sensors offer high efficiency in fire hydrants as the cost of maintenance is reduced and action is fast.

The Europe fire hydrants market is projected to experience a considerable hike in the upcoming years, thanks to rising installation of fire hydrants in organizations, commercial spaces, and industries for fire safety. In addition, the increasing awareness toward safety and security of assets among consumers is anticipated to support this market over the next few years. However, need for certifications and high initial installation and maintenance costs may hinder this market in the near future.

Impact of Covid 19 on Europe Fire Hydrants Market

The Europe fire hydrants market has been impacted by the lockdown and restrictions on movement imposed due to the Coronavirus pandemic. The disruption in supply chain systems has reflected negatively on this market.

Demand for Dry Barrel to Remain High

The Europe fire hydrants market has been assessed on the basis of the product type, operating type, construction, end user, and the region in this report. Based on the product type, the market has been categorized into dry barrel and wet barrel. The demand for dry barrel is relatively higher then wet barrel and it expected to remain the key segment during the forecast period. By operating type, it has been segmented into conventional and smart. The conventional segment is anticipated dominate the market over the next few years. On the basis of end user, it has been bifurcated into commercial and industrial. The industrial segment is likely to exhibit highest growth rate during the period of the study. Country wise, the report analyzed the market across Germany, the UK, France, Spain, Italy, and the Rest of Europe.

The leading players in the Europe fire hydrants market, profiled in this report, are AVK International A/S, Bocciolone Antincendio S.P.A., 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, VonRoll Hydro AG.

Key Findings:

  • The demand for dry barrel is relatively higher then wet barrel
  • The conventional segment is anticipated dominate the market over the next few years.

The Europe fire hydrants market is segmented into:

By Product Type

  • Dry Barrel
  • Wet Barrel

By Operating Type

  • Conventional
  • Smart

By Construction

  • Underground
  • Above Ground

By End-user

  • Industrial
  • Commercial

BY Country

  • Germany
  • UK
  • Spain
  • France
  • Italy
  • Rest of Europe

Companies Mentioned in the Report

  • AVK Holding A/S
  • Bocciolone Antincendio s.p.a.
  • 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
  • VonRoll Hydro AG.

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