Global fire hydrant systems market forecasts
According to fire hydrant systems industry analysis, the global fire hydrant systems market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The stringent fire safety regulations and the implementation of effective fire safety practices across APAC, EMEA, and the Americas will drive the growth prospects for the global fire hydrants systems market for the next four years. Due to the implementation of stringent fire safety practices, a large number of newly constructed houses are installed with fire suppression products such as fire hydrants in various countries in APAC. Moreover, numerous training programs are being implemented in various countries to increase the fire safety awareness and preparedness for firefighters that encourage hands-on usage of fire hydrant systems. All the above factors will drive the demand for fire hydrant systems and accelerate the fire hydrant systems market growth.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market until the end of 2021. Some of the major factors responsible for the for the market’s growth in the region is the strong presence of many vendors in the US and stringent fire regulations made by the US government and the regulatory agencies like Occupational Safety and Health Administration (OSHA), and Environmental Protection Agency(EPA).
Competitive landscape and key vendors
The global fire hydrant systems market is highly competitive and diversified due to the presence of a numerous regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as price, quality, branding, and customer service. Furthermore, several vendors are increasingly focusing on providing high-performance products by adopting advanced material and processing technologies and are heavily investing in the research and developmental activities.
Key vendors in this market are
- Minimax
- Naffco
- Kennedy Valve
- Angus Fire
Other prominent vendors in the market include Rapidrop, AVK Valves, Clow Canada, M&H Valve, and American Cast Iron Pipe Company.
Segmentation by product type and analysis of the fire hydrant systems market
- Wet barrel fire hydrant system
- Dry barrel fire hydrant system
The wet barrel fire hydrant system segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the growing preference for wet barrel fire hydrant system across regions is its operational life, which is over 100 years making its deployment higher. Also, since more discharge lines can be added to the hydrants without causing the hydrant to shut down, the demand for wet barrel system increases worldwide.
Segmentation by end user and analysis of the fire hydrant systems market
The industrial segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. The demand for fire hydrant systems increases with the growing fire incidents in the industrial segments such as manufacturing, oil and gas, automotive, mining, municipal fire services, and construction industries. Also, some of the major factors responsible for this growing fire incidents include combustible dust, hot work, gasses, flammable liquids, electrical hazards, and malfunction in equipment and machinery.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global fire hydrant systems market?
- What are the key market trends impacting the growth of the global fire hydrant systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global fire hydrant systems market?
- What are the market opportunities and threats faced by the vendors in the global fire hydrant systems market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global fire hydrant systems market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Vendor segmentation
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product type
- Overview
- Global wet barrel fire hydrant system market
- Global dry barrel fire hydrant systems market
PART 07: Market segmentation by end-users
- Overview
- Global fire hydrant systems market for industrial end-users
- Global fire hydrant systems market for commercial end-users
PART 08: Geographical segmentation
- Overview
- Fire hydrant systems market in Americas
- Fire hydrant systems market in EMEA
- Fire hydrant systems market in APAC
- Segmentation summary
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Key vendors
- Key emerging vendor
- Other prominent vendors
PART 15: Key vendor analysis
- Minimax
- Naffco
- Kennedy Valve
- Angus Fire
PART 16: Appendix