Global Fire Hydrant Market Forecast Report 2022-2028 - Increase in Conceptualization of Smart Cities and Buildings & Surge in Demand for Smart Fire Hydrants - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Fire Hydrant Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type, Operating Type, Construction, and End User" report has been added to ResearchAndMarkets.com's offering.

The global fire hydrant market is expected to grow from US$ 1,509.92 million in 2021 to US$ 2,070.22 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

Smart fire hydrants allow water management to stay ahead of the problems by offering a complete picture of their distribution networks. With this knowledge, utilities can save money by preventing issues and gaining customer loyalty. The smart hydrant can save money by detecting leaks significantly more rapidly and efficiently than current approaches.

Even though utilities regularly monitor known trouble sites such as major junctions, a minor leak can go undetected for long periods until it gets large enough to interrupt water pressure, erode pavement, or trigger a significant pipe break. A smart hydrant can enable system-wide monitoring daily.

Allowing leak detection staff to work more efficiently can also help the utility lower its carbon footprint. Unauthorized hydrant openings can also be detected by smart hydrants, which can inform utilities. Smart fire hydrants could make a substantial dent in the amount of water wasted due to utility system leaks, but there is still the matter of individual water use to consider.

North America is among the worst hit regions by COVID-19. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This led the governments to impose lockdowns to limit human movement, thereby leading the manufacturing facilities to experience lower than usual production volumes.

The US is one of the largest markets for fire hydrant, especially in industrial, construction, and commercial buildings owing to government regulations regarding environmental safety. As the activities of aforesaid sectors have been stopped for few months, production & adoption of fire hydrant has experienced a decline.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Fire Hydrant market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Fire Hydrant market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growth of Construction Sector

5.1.2 Stringent Implications Regarding Installation of Fire Protection Systems

5.2 Market Restraints

5.2.1 High Cost of Installation and Maintenance

5.2.2 Long-time Durability

5.3 Market Opportunities

5.3.1 Surge in Demand for Smart Fire Hydrants

5.4 Future Trends

5.4.1 Increase in Conceptualization of Smart Cities and Buildings

5.5 Impact Analysis of Drivers And Restraints

6. Fire Hydrant - Global Market Analysis

6.1 Global Fire Hydrant Market Overview

6.2 Global Fire Hydrant Market Revenue Forecast and Analysis

6.3 Market Positioning - Five Key Players

7. Fire hydrant Market Analysis - By Product type

7.1 Overview

7.2 Fire hydrant Market , By Product type (2020 And 2028)

7.3 Dry Barrel

7.4 Wet barrel

8. Global Fire hydrant Market Analysis - By Operating type

8.1 Overview

8.2 Fire hydrant Market , By Operating type (2020 And 2028)

8.3 Conventional

8.4 Smart

9. Global Fire hydrant Market Analysis - By Construction

9.1 Overview

9.2 Fire hydrant Market , By Construction (2020 and 2028)

9.3 Underground

9.4 Above ground

10. Global Fire hydrant Market Analysis - By End User

10.1 Overview

10.2 Fire hydrant Market , By End User (2020 and 2028)

10.3 Commercial

10.4 Industrial

11. Fire hydrant Market - Geographic Analysis

11.1 Overview

12. Fire hydrant market - Covid-19 Impact Analysis

12.1 Overview

12.2 Impact of COVID-19 Pandemic on Global Fire Hydrant Market

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Development

14. Company Profiles

• American Cast Iron Company
• AVK International A/S
• BOCCIOLONE ANTINCEDIO
• EJ Group, Inc
• IMP Armature d.o.o
• Kupferle Foundry Company
• McWane International
• Mueller Co. LLC
• NEWAGE FIRE PROTECTION SERVICES PVT. LTD
• Rapidrop Global Ltd

For more information about this report visit https://www.researchandmarkets.com/r/vwhgho