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| Report Code: A07180 | Pages: 159 | ||
| Tables: 109 | Charts: 26 |
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The Europe fire hydrants market size was valued at $ 308.0 million in 2019, and is projected to reach $416.4 million by 2027, registering a CAGR of 5.1% from 2020 to 2027. Fire hydrants are mechanical devices normally placed outside a building. However, internal fire hydrants are mounted, if certain portion of a building cannot be safeguarded by an exterior one. In addition, multiple fire hydrants may be needed in a building structure based on reach of hoses and size of a property.
The novel coronavirus outbreak has negatively influenced the development of the Europe fire hydrants market primarily due to the halt in production of hydrants owing to shortage of raw material in couple with disruptions in supply chain due to lock-down in major European countries.
Strict norms for installation of fire protection equipment such as fire hydrants in industrial sector and growth in human and property loss from fire breakouts are anticipated to boost growth of the Europe fire hydrants market. In addition, increase in commercial and industrial building constructions has led to the rise in sales of fire hydrants, which acts as a driver for the industry. In addition, industries such as oil & gas and several manufacturing industries involve flammable materials such as crude oil, petroleum, and flammable gases, hence, to evade fire accidents, cutting-edge fire protection systems are required in such industries.
Stricter implication toward installation of fire protection systems in developed countries such as the UK, France, and Italy is projected to propel growth of the Europe fire hydrants market. For instance, the Confederation of Fire Protection Association Europe has necessitated fire hydrants for all new commercial and residential buildings. In Europe, at least 5,000 fire incidents occur each day, hence fire safety in buildings is a major societal issue. In addition, increase in property damage and public safety concerns, owing to fire accidents is projected to drive growth of the Europe fire hydrants market. For instance, in March 2020, the government of UK provided $22.3 million for fire and rescue services. However, high installation and maintenance costs are anticipated to hamper growth of the Europe fire hydrants market.
Furthermore, rise in demand for intelligent fire hydrants in commercial and residential sectors are projected to provide lucrative opportunities for the market. Companies such as Echologics, a brand of Mueller Company, brought internet of things (IoT) for fire hydrants. It has sensors built into standard fire hydrant cap.
The COVID-19 pandemic has forced many companies in the Europe fire hydrants market to halt their business operations to comply with new government regulations to curb the spread of COVID-19. This halt in operations directly impacts the revenue flow of the Europe fire hydrants market. In addition, COVID-19 pandemic has shut down production of various types of fire hydrants, owing to prolonged lockdown in major countries such as the Germany, UK, and France. For instance, AVK Holding A/S completely shut down its companies in the start of 2020 to contain the spread of novel coronavirus. This hampered growth of the fire hydrants market significantly from past few months, which is likely to continue during 2020.
Major demand for fire hydrants was earlier noticed from several European countries including Germany, UK, France, Spain, and others, which are now severely affected by coronavirus, leading to halt in production of fire hydrants for a short term. In addition, Germany is the largest hub for manufacturing and construction industries in Europe, hence the fire hydrants market is predictable to recover at a faster rate with investments in innovative technologies, which, in turn, is anticipated to propel the market growth in coming years. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccine for the same is likely to be introduced by the end of 2020 or beginning of 2021. This is further expected to lead to re-initiation of fire hydrant companies at their full-scale capacities, thereby aiding the market to recover by the start of 2022.
The fire hydrants market is divided in the basis of product type, operating type, construction, end user, and region. By product type, the market is divided into dry barrel and wet barrel. By operating type, it is divided into conventional and smart. The smart hydrants segment is projected to grow at a significant CAGR during the forecast period. By construction, it is divided into underground and aboveground. By end user, the market is divided into industrial and commercial. Country wise, it is analyzed across France, the UK, Italy, Spain, Germany, and Rest of Europe.
The key market players profiled in the Europe fire hydrants market report include 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, and VonRoll Hydro AG.
The major players operating in the Europe fire hydrants market have adopted key strategies such as product development and business expansion to strengthen their market outreach and sustain the stiff competition in the market. For instance, in September 2018, IMP Armature d.o.o., developed a new assemble and testing device for hydrants. The device is highly user friendly and allows operators to adjust position of hydrants based on testing procedure and assembly. In addition, it also has LCD screen, which guides operators throughout the testing procedure. Besides, in March 2020, AVK Holding AS opened a new company named AVK Smart Water. It was launched to embed intelligent solutions in core products such as hydrants and valves. Smart products help to monitor the entire distribution network and thereby, reduce water loss.
Key Benefits For Stakeholders
Europe Fire Hydrants Market Segments
By Product Type
By Operating Type
By Construction
By End User
By Countries
Key Players
Europe Fire Hydrants Market Report Highlights
| Aspects | Details |
|---|---|
| By PRODUCT TYPE |
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| By OPERATING TYPE |
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| By CONSTRUCTION |
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| By END USER |
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| By COUNTRY |
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| Key Market Players | IMP ARMATURE D.O.O., AVK HOLDINGS A/S, COMPAGNIE DE SAINT-GOBAIN S.A., MINIMAX VIKING GMBH (VIKING GROUP INC), TALIS MANAGEMENT HOLDING GMBH, HAWLE BETEILIGUNGSGESELLSCHAFT M.B.H., .BOCCIOLONE ANTINCENDIO S.P.A., MUELLER WATER PRODUCTS, INC., VONROLL HYDRO AG, .RAPIDROP GLOBAL LTD. |
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The Europe fire hydrants market has observed substantial growth over the past few years, owing to rise in commercial and industrial buildings and stringent & strict norms for fire safety in the region. Government rules and regulations toward protection of assets in countries such as Germany, and the UK are anticipated to propel growth of the Europe fire hydrants market. Stringent norms toward fire safety is anticipated to drive growth of the Europe fire hydrants market. In addition, state-of-the-art products, such as smart fire hydrants with pressure & temperature sensors, introduced by major players have improved their overall customer base.
Leading companies in the Europe fire hydrants market such as AVK International A/S and Saint Gobain have witnessed significant growth in past few years. Moreover, other players operating in the market such as Bocciolone Antincendio s.p.a. and Hawle Holding GmbH are expected to strengthen their product line with higher technological products for consumers. For instance, AVK International A/S offers a wet barrel fire hydrant, 200 PSI, which has two outlets with 4” and 6”. It is UL (Underwriter Laboratories) listed and FM (Factory Mutual) certificated approved fire hydrant and has high pressure rating of 200 PSI. Companies operational in the Europe fire hydrants market focus on launching state-of-the-art products, depending on preferences and needs of end-users. Moreover, pioneering marketing and positioning strategies of hydrant manufacturers have helped to increase the total market size.
A. Business expansion is a key growth strategy of Europe fire hydrants industry key players.
A. The Europe fire hydrants market size was $308.0 million in 2019 and is projected to reach $416.4 million in 2027, growing at a CAGR of 5.1% from 2020 to 2027.
A. The forecast period considered for the Europe fire hydrants market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
A. The base year considered in the Europe fire hydrants market is 2019.
A. The report for Europe fire hydrants market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.
A. On the basis of product type, the dry barrel segment is expected to be the most influencing segment growing in the Europe fire hydrants market report.
A. Based on the operating type, in 2019, the conventional segment generated the highest revenue, accounting for over four-fifths share of the market, and is projected to grow at a CAGR of 5.1% from 2020 to 2027.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
A. Rise in commercial and industrial building construction, strict implications regarding installation of fire protection systems, and growth in human and property loss from fire breakouts are the key trends in the Europe fire hydrants market.
A. High installation and maintenance cost required for fire hydrants is one of the factors negatively affecting the Europe fire hydrants market.
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