Fire Hydrant System Market, with a 4.06% CAGR, is projected to increase from USD 1.313 billion in 2025 to USD 1.668 billion in 2031.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Companies |
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Fire hydrant systems in many businesses or manufacturing facilities are essential instruments for putting out a fire. A water pressurizing system disseminated throughout the building via pipes and hoses makes up the fire hydrant market. The rise in service requirements from business clients and industrial users is responsible for the fire hydrant market expansion. The UK government's fire and rescue services responded to 5,55,358 incidents in 2021, up 5% from 2020 (Source: gov.uk). Governmental adoption of stringent fire safety requirements further boosts demand for fire hydrant systems.
Innovation in fire hydrant systems will drive the growth
In the coming years, the global market for fire hydrant systems is anticipated to grow at a reasonable rate. The use of smart nodes or wireless sensors is the main trend in the market for fire hydrant systems. Fire hydrant systems employ wireless sensors or smart nodes to increase efficiency using less water. Additionally, the maintenance costs for these safety systems are low, and they react quickly. The market for safety systems currently has huge potential because of the serious repercussions of installing fire hydrant systems in businesses and organizations. For instance, with a smart device created for fire hydrants, the Israeli company HydrantTech hopes to cut water waste by warning authorities of leaks, theft, or nefarious attempts to compromise a water supply. The sensor-encircled, metal smart device created by HydrantTech attaches to a hydrant's mouth. Data is gathered and transferred to the cloud, where notifications are delivered to individual operatives' phones or control systems so they may solve the issue.
Urbanization and Growing Industrialization Will Boost the Global Fire Hydrant Market's Growth
Approximately 4.4 billion people, or 56% of the world's population, live in cities. The number of people living in cities is expected to more than double by 2050 when almost 7 out of 10 individuals will do so. Rising Industrialisation and Urbanisation are causing several problems, including fire concerns. Significant urban fire danger is also created by the informal construction of commercial and residential structures, which do not adhere to the regulatory criteria for fire safety and safeguards. This is especially true in places with dense populations. In this regard, governments are spending more money on infrastructure design and development, using fire-resistant materials and adding fire hydrant systems. Urbanization can support the sustainable growth of the fire hydrant market through greater productivity and innovation because more than 80% of the world's GDP is produced in cities (source: World Bank).
An industrial segment to have significant growth
The commercial and industrial segments of the world market for fire hydrants are based on end users. In business areas, fire hydrants seem to be waiting to be used on the side of the road. Increased urbanization, a boom in commercial construction, and a rise in asset protection awareness all contribute to the segment's growth. To compete with rivals in the fire hydrant market, industry participants concentrate on new product innovations and improvements by combining cutting-edge technologies and features. A new version of the Crotone underground hydrant, the EUR-PRO, was first produced by Bocciolone Antincendio in November 2021. This new kind, which replaces the former EUR variation, is offered in DN 65 and DN 80 diameters.
Fire Hydrant System Market Segmentation:
By Product Type
Dry Barrel
Wet Barrel
By Operation Type
Smart fire hydrant
Conventional fire hydrant
By End-User
Industrial
Residential
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others