The Europe Fire Hydrants Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
The fire hydrant system works using the pressure drop principle and consists pumps, pipes, valves, water storage tanks, hydrant, landing valve & fire brigade booster coupled with layflat fire hose & block plan. Furthermore, some buildings require multiple fire hydrants depending on the reach of hoses & size of the building. The fire hydrants are usually differentiated on the basis of their drive configurations. There are three main drive configurations, which includes Electric, Diesel & Hybrid systems.
Fire accidents are becoming the major cause of death across the world. Not only this, but the fire accidents also result in heavy damage to the property. That is why, the demand for the fire safety systems such as fire hydrants is increasing continuously. The fire hydrants are used to test the hydraulic capacity of the distribution systems. Also, because of heavy flow, these are used as water sources for street cleaning, sewer marketing cleaning, commercial construction work etc.
The demand for fire hydrants in the Europe region is continuously increasing. This is because of the increase in casualties in the region. The healthcare sector of the region is well developed and is equipped with advanced technologies. Various hospitals & other healthcare centers with the help of increased funding are installing fire hydrants in order to ensure safety from fire outbreaks.
In addition, the government of the United Kingdom is focused on creating more opportunities in the oil & gas industry in order to support the country’s economy. The government is taking various initiatives to increase the production of the oil & gas industry in the region. In addition, the government support to the oil & gas industry is expected to result in the growth of the industry which would rise the demand for fire hydrants since this industry is more prone to fire outbreaks.
The Germany market dominated the Europe Fire Hydrants Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $91.1 million by 2027. The UK market is anticipated to grow at a CAGR of 3.2% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 4.8% during (2021 - 2027).
Based on Product Type, the market is segmented into Dry Barrel and Wet Barrel. Based on Operating Type, the market is segmented into Conventional and Smart. Based on Construction, the market is segmented into Above Ground and Under Ground. Based on End User, the market is segmented into Commercial and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fire Hydrants Market Size will Hit $1.4 Billion by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rapidrop Global Ltd., TALIS Beteiligungs GmbH (Triton Investments Advisers LLP), Mueller Water Products, Inc., McWane, Inc., The Kupferle Foundry Company, EJ Group, Inc., AVK Holding A/S, American Cast Iron Pipe Company, SFFECO Global, and Saint-Gobain Group.
By Product Type
By Operating Type
By Construction
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