Global Fire Hydrant Systems Market 2017-2021

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

• Industrial
• Commercial

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Fire Suppression Market 2017-2021
• GCC Fire Extinguishers Market 2016-2020
• Global Commercial Building Fire Extinguisher Market 2016-2020
• Global Fire Hose Market 2016-2020