Description of the Report
Europe’s fire hydrants market was worth $ 308.0 million in 2019. It is expected to grow to $416.4 million by 2027. This represents a 5.1% annual growth rate from 2020-2027. Fire hydrants can be placed outside of buildings. If an external fire hydrant does not protect an area of the building, it may be necessary to mount internal fire hydrants. A building structure may need multiple fire hydrants depending on size and reach.
The European fire hydrants market is expected to grow due to strict regulations for installing fire protection equipment, such as fire hydrants, in the industrial sector. Additionally, there will be increased property and human loss from fire breakouts. The industry is also driven by the increase in industrial and commercial building constructions. Many industries, such as oil and gas, include flammable materials like crude oil, petroleum, or flammable gases. Therefore, fire protection systems that are cutting-edge and efficient in these industries are essential to avoiding fire accidents.
The Europe fire-hydrants market is expected to grow because of the stricter implication of installing fire protection systems within developed countries like the UK, France, and Italy. The Confederation of Fire Protection Association Europe, for example, has mandated the installation of fire hydrants in all new residential and commercial buildings. Fire safety is a key concern in Europe as there are at least 5,000 incidents each day. The market for Europe fire hydrants is expected to grow due to increased property damage and safety concerns resulting from fire accidents. In March 2020, for example, $22.3 million was provided by the U.K. government to fire and rescue services. High maintenance and installation costs will likely limit the growth of Europe’s fire hydrants market.
The market is expected to see lucrative opportunities due to the rising demand for intelligent fire hydrants in both residential and commercial sectors. Echologics, a company owned by Mueller Company, introduced the internet of things (IoT) for fire hydrants. It is fitted with sensors in standard fire hydrant caps.
Many companies operating in Europe’s fire hydrants market have had to stop their operations due to the COVID-19 pandemic. This halt in operations directly affects the revenue flow to Europe’s fire hydrants market. COVID-19 has also caused a halt in the production of several types of fire hydrants due to the prolonged lockdown in key countries like France, the UK, and Germany. To stop the spread of the novel coronavirus, AVK Holding A/S closed down all its businesses in 2020. This has hampered the market for fire hydrants’ growth significantly over the past few months and is expected to continue in 2020.
There was significant demand for fire hydrants in Europe, including the UK, France and Spain. However, coronavirus has caused a temporary halt to production. Germany is Europe’s largest manufacturing and construction hub, so the market for fire hydrants is expected to recover faster if investments in new technologies exist. This will, in turn, help propel market growth over the next few years. The number of COVID-19-related cases is expected to decrease as a vaccine will be available by 2020 or 2021. This will also lead to the re-initiation of fire hydrant firms at full scale, which is expected to help the market recover by 2022.
Fire hydrants are classified based on their product, operating, and construction. End users can also be included. Regions can also be included in this market. The market can be divided into dry or wet barrels by product type. It is further divided by operating type into smart and conventional. Smart hydrants are expected to grow at a substantial CAGR over the forecast period. It is classified by construction into underground and overhead. The market can be divided by end-user into commercial and industrial. It is analyzed country-wise across France, Spain, Germany and Italy.
Analysis of Competition
The Europe fire hydrants market report profiles the key market players as AVK International A/S, Bocciolone Antincendio, Compagnie De Saint-Gobain S.A., Viking Group, Inc, Hawle Holding GmbH, IMP Armature d.o.o., Mueller Water Products, Inc, Rapidrop Global Ltd, Talis Management Holding GmbH, VonRoll Hydro AG.
The major players in Europe’s fire hydrants market have used key strategies like product development and expansion to maintain their competitive edge and strengthen their market reach. In September 2018, IMP Armature d.o.o. developed a new assemble-and-test device for hydrants. It is extremely user-friendly and allows operators to adjust hydrants’ positions based on assembly and testing. It also features an LCD screen that guides users through the testing process. AVK Holding AS also established AVK Smart water in March 2020. It was created to integrate intelligent solutions into core products like valves and hydrants. Smart products monitor and reduce water loss by monitoring the entire distribution network.
The highest revenue came from the Rest of Europe in 2019
Key Benefits for Stakeholders
- This report comprehensively analyses current and future market dynamics and trends for Europe’s fire hydrants.
- An in-depth market analysis can be done by creating estimates for key segments between 2019-2027.
- An extensive analysis of Europe’s fire hydrants market follows the key product positioning and monitoring of the top competitors within this market.
- A comprehensive analysis of all regions is done to determine the most promising opportunities.
- This report includes a forecast analysis of the Europe fire hydrants market from 2020 to 2027.
- This report profiles the key market players and analyzes their strategies. This helps to understand the competitive outlook for the Europe fire hydrants industry.
Europe Fire Hydrants Market Report Scope and Segmentation
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Europe Fire Hydrants Market Sections
by Product Type
- DRY Barrel
- Wet Barrel
by Operating Type
- Above Ground
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
- AVK Holding A/S
- Bocciolone Antincendio
- Compagnie De Saint-Gobain S.A.
- Viking Group, Inc
- Hawle Holding GmbH
- IMP Armature d.o.o.
- Mueller Water Products, Inc
- Raindrop Global Ltd
- This Management Holding GmbH
- VonRoll Hydro AG.