About Fire Hydrant Systems
Fire hydrant system is a safety measure or emergency equipment required in buildings that comprises a series of components that when assembled together provide a source of water to assist fire. Stringent fire safety training and regulations is the key factor propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to United States Fire Hydrant Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tyco Fire Products (United States), Waterous (United States), Angus Fire (United Kingdom), Rapidrop (United Kingdom), ZedEx Fire Services (India), Fire Hydrant Systems Pty Ltd (Australia), Akash Uni Safe Equipment (India), Minimax (Germany) and Naffco (United Arab Emirates) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of United States Fire Hydrant Systems market by Type (Wet Barrel Fire Hydrant System and Dry Barrel Fire Hydrant System), Application (Residential, Commercial, Industrial and Others) and Region.
On the basis of geography, the market of Fire Hydrant Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Fire Hydrant Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Diesel will boost the Fire Hydrant Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Incorporation of Intelligent Hydrant Technology
Market Growth Drivers:
Stringent Fire Safety Training and Regulations and The Growing Fire Accidents across the Commercial and Industrial Areas
Challenges:
Compliance Costs and Need for Tests and Certifications
Restraints:
High initial installation costs
Opportunities:
Supportive Government Norms towards Fire Safety
In June 2020, Johnson Controls the launched of two new TYCO® pressure control valves for fire protection systems: the TYCO® Model RV-1A Pressure Relief Valve and the TYCO® Model PRV-1A Pressure Reducing Valve. The new valves offer simple, low-maintenance solutions for controlling and maintaining optimal water pressure within commercial fire protection systems.
Key Target Audience
Fire Hydrant Systems Manufacturers, Fire Hydrant Systems Traders/Distributors, Potential Investors, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.