The Latin America, Middle East and Africa Fire Hydrants Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
The continued infrastructure development taking place mainly in the developed & developing regions such as India, Japan, France & the United Kingdom is increasing the demand for a fire hydrant. The increasing awareness regarding the availability of modern fire protection systems & growing focus on reducing infrastructural damage due to sudden fire are rising the need for fire hydrant systems.
Moreover, the increasing demand for environment friendly fire suppression is also increasing the demand for fire hydrants in the market. As per a report, Win Time Technology has introduced the revolutionary eco-friendly, plant based fire extinguishing agent in 2020 at NoAW’s (No Agriculture Waste) annual meet.
The integration of advanced technologies such as infrared/ laser optical smoke detectors, hypoxic air technology, wireless fire alarm system equipped with the fire hydrant system is leading to the adoption of these advanced fire systems and serving as an opportunity to the regional market growth. Also, the continued development & growing economic status of nations such as Brazil is anticipated to surge the demand for fire hydrants in the region.
Furthermore, the regions such as the United Arab Emirates have well developed tourism industry. Owing to this, a large number of well-established luxury hotels are present in Dubai. The risk of loss of life due to the fire outbreaks in such areas is high. The safety of the tourists residing there as well as the workers present there is the main responsibility of these hotels, due to this, the demand for fire hydrants is gradually rising from the hotels of the region and thus, augmenting the growth of the regional market.
The Brazil market dominated the LAMEA Fire Hydrants Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $25.7 million by 2027. The Argentina market is estimated to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 5.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fire Hydrants Market is Predict to reach $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
By End User
By Country
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