The global fire hydrants market size was valued at USD 1,372 million in 2022. It is projected to reach USD 2,110 million by 2031, growing with a CAGR of 4.9% during the forecast period (2023–2031).
A fire hydrants is a stationary piece of equipment placed outside or inside a building, industrial area, or parking area connected to a private or municipal water service network. They are designed to directly offer water needed by firefighters to extinguish a fire. The global fire hydrants market is witnessing development owing to a rise in service demands from commercial users and industrial customers. Governments in several countries have implemented strict fire safety rules, which has progressively led to a huge demand for fire hydrants. In addition, the rise in the number of startups and new commercial spaces requires the incorporation of fire protection systems, which, in turn, boosts market growth. For instance, campaigns such as startup India have influenced people to establish more startups and companies. Hence a greater number of offices are expected to be started in the future. However, the need for certifications & tests and the initial installation & maintenance costs of fire hydrants hinder the market growth.
An increase in commercial and industrial buildings has generated a rise in sales of fire hydrants, which acts as a driver for the industry. With the rise in population, there is an increase in demand for more and more industries, hospitals, and commercial complexes. This demands more fire hydrants systems. 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, fire protection systems are required. Further, the rise in the global industrial sector is also anticipated to cater to the market's growth.
The global fire hydrants market is expected to grow, owing to strict rules and regulations by governments of different countries regarding the compulsory installation of fire protection systems such as fire hydrants in new residential and commercial building projects. For instance, National Fire Protection Association (NFPA) based in the US necessitates fire hydrants for all new commercial and residential buildings. Similarly, in the UK, according to dry riser regulations, a fire hydrants should be placed at the entry of the caravan site and, if required, at 300-meter intervals. In addition, a fire hydrants should deliver a minimum of 8 liters/sec of water. Hence, strict inferences regarding the installation of fire hydrants in new construction projects to avert damages are anticipated to positively contribute toward the growth of the market.
One of the major restraints faced by the global fire hydrants market is the huge installation and maintenance costs of these systems. For instance, usually, a new fire hydrants costs somewhere between USD 1,000 to USD 2,500 based on the design, size, model, and where it's bought from. The purchasing cost does not comprise installation and labor costs. However, in the case of installations, the prices vary from location to location, according to the contractor. A fire hydrants with proficient installation cost can range between USD 3,000 to USD 7,000 on average. The average replacement of hydrants costs approximately USD 2,500 to USD 3,500 for labor and parts. In addition, yearly maintenance for a town or a city can run from USD 5 to USD 25 per hydrant per year. Hence, high maintenance and installation costs of fire hydrants are anticipated to hamper the market's growth.
Players in the fire hydrants industry have a great opportunity to increase their market presence with technologically advanced and high-quality products. Several cities in the US and Europe are adding sensor devices to their old fire hydrants to make them smart and technologically advanced. For instance, in December 2019, the city of Gaylord, in the US, installed ten fire hydrants sensors that alert the city of tampering or other issues. Besides, many companies, such as Sigfox, brought the internet of things (IoT) for fire hydrants. Talis Group, a water flow equipment provider, tapped into the rapidly growing IoT network of SIGFOX to bring COPERNIC, their fire hydrants monitoring technology to connected cities. COPERNIC enables utility corporations and other city officers to analyze and track the status of smart fire hydrants to confirm if they are working properly to avoid other issues, which include water theft. Hence, the rise in demand for smart fire hydrants creates lucrative opportunities for the market players.
| Study Period | 2019-2031 | CAGR | 4.9% |
| Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
| Base Year | 2022 | Base Year Market Size | USD 1,372 Million |
| Forecast Year | 2031 | Forecast Year Market Size | USD 2110 Million |
| Largest Market | North America | Fastest Growing Market | Europe |
The market for fire hydrants is divided into four regions: North America, Europe, Asia Pacific, and LAMEA.
North America dominates the market and is growing with a CAGR of 2.7%. North American nations have stringent fire safety regulations on the deployment of fire hydrant systems. A rise in concerns about fire safety and security is expected to propel the market’s growth in the US. According to the US Fire Administration, in 2018, around 1,318,500 fire cases occurred in the US, and nearly 3,655 civilians died from these fire accidents. Such instances are expected to drive the growth of the fire hydrants market. Mandatory installation of fire hydrants in public places and commercial complexes is expected to boost the growth of the fire hydrants market.
Europe is the second-largest fire hydrant market and is expected to grow with a CAGR of 5.1% throughout the forecast period. There is an increase in construction spending on commercial buildings and industrial buildings in the region. In Europe, more than 5,000 fire incidents occur every day, and fire safety in buildings is a major societal concern. Strict regulatory codes for fire safety and security in Germany and the UK are expected to drive the growth of the fire hydrants market. Such factors are expected to propel the growth of the fire hydrants market in the region.
Asia Pacific is the fastest-growing market, registering a CAGR of 5.6%. Rapid industrialization and a large population contribute toward the growth of the fire hydrants market in Asia-Pacific. The rise in consumer awareness toward safety measures propels the growth of the fire hydrants market. Major players are introducing fire hydrants for commercial and industrial sectors. For instance, in 2020, Firesafe Cambodia launched an SRI 100MM fire hydrant for commercial use. It has a 4" gate valve with a spindle cap and is operated using a hydrant key. All such factors are anticipated to boost demand for fire hydrants in the region.
In LAMEA, an increase in investments in infrastructure and commercial projects are the factors that drive the market growth. Increased fire accidents and stringent government regulations to protect people and property, and the rise in government spending on infrastructural projects are expected to boost the market's growth.
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The global fire hydrants market is segmented by product type, operating type, construction, and end-user.
Based on product type, the global market is segmented into dry barrels and wet barrels.
Dry barrel fire hydrants are the most widely used segment, growing with a CAGR of 4.4%. Dry barrel hydrants are mainly designed for places with frost or ice, where a water main is situated under the ground frost line. These hydrants are most commonly used in the US. In addition, some of the key companies that offer dry barrel fire hydrants systems include SFFECO Global, American Cast Iron Pipe Company, and American AVK Company, among others. The rise in urbanization and industrialization is expected to boost demand for dry barrel hydrants.
Based on operating type, the global market is segmented into conventional and smart.
The conventional segment holds the majority of the share and is expected to exhibit a growth rate of 4.8% during the forecast period. Conventional fire hydrants have been widely used in fire protection for the past few years. They are a key source of water in the event of a fire breakout. In addition, they are usually connected to a water source with high pressure.
Based on construction, the global market is segmented into the underground and above ground.
The underground segment holds the majority of the market share and is anticipated to grow with a CAGR of 5.1% during the forecast period. Underground fire hydrants are laid not less than 1 m below the ground. Ball valve hydrants, spring hydrants, and screw-down hydrants are types of underground fire hydrants. Underground fire hydrants are less expensive, do not obstruct traffic, and stay safe from damage. These hydrants are permanently connected to a water source.
Based on end users, the global market is segmented into commercial and industrial.
The industrial segment holds the maximum market share and is growing with a CAGR of 4.6% during the forecast period. Fire hydrants are ideal for industrial applications such as mining industries, manufacturing industries, oil & gas plants, chemical industries, agrochemical industries, and others. Fire hydrants are used in industrial areas to protect properties from fire spread and smoke into isolated areas. Industrial areas are always prone to fire risk; therefore, companies are focusing on deploying fire hydrants for employee safety. Stringent regulatory norms across the globe, particularly in North America and Europe, regarding fire safety influence the market's growth. An increase in demand for durable and high-capacity fire hydrants in industrial areas is anticipated to boost the market's growth.
