Technavio, a tech-focused market research firm, has published a new report on the global fire hydrant systems market, which is likely to grow at a CAGR of more than 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers classifies the global fire hydrant systems market into the following important regions: the Americas, APAC, and EMEA.
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Fire hydrant systems market in the Americas: The increasing investments in real estate commercial properties will fuel the growth of the fire hydrant systems in the Americas. North America is the largest revenue contributor in the American market. The governments in the region have laid out various regulations on fire safety measures and practices, which, in turn, will boost the demand for these systems in the American market. Moreover, the strong presence of many vendors in the US, which provide fire safety products like fire hydrants across the world, will help increase the revenues in this region.
According to Sarah Haque, a lead analyst at Technavio, “The stringent regulation implemented by the Environmental Protection Agency, Occupational Safety and Health Administration, and the US Safety Board will increase the consumption of fire safety products in the region. These protection agencies offer training services that include a briefing on the emergency responses that such personnel could direct toward the use of Energy Storage Systems. Such services will help in the growth of the market in this region.”
Fire hydrant systems market in EMEA: The increasing awareness regarding fire safety across the EMEA region and especially in Western Europe will boost the sales of these hydrants in the market. The growth in the real estate commercial investments in the Middle East where many tall buildings for industrial and commercial spaces deploy fire hydrant systems will have a positive impact on the market. Furthermore, the developments in the industries like petrochemicals will spur demand in the fire hydrant systems market in EMEA.
Fire hydrant systems market in APAC: The increasing investments in the industrial and commercial spaces will drive the market for fire hydrants in this region. Countries like India, Singapore, Taiwan, and South Korea will emerge as the key revenue generators in the APAC market. The vendors are using advanced technology to launch innovative products in the APAC market to expand their business and increase their profitability. Also, the industrial sectors in the region necessitate the installation of fire safety equipment such as fire hydrants, fire hose, fire extinguishers, and fire sprinklers.
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The top leading vendors operating in the global fire hydrant systems market are:
- Minimax
- Naffco
- Kennedy Valve
- Angus Fire
Other prominent vendors in the market include Rapidrop, AVK Valves, Clow Canada, M&H valve, and American Cast Iron Pipe Company.
A more comprehensive analysis is available in the Technavio report titled, ‘Global Fire Hydrant Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific sectors upon request.
Other related reports:
- Global Fire Suppression Market 2017-2021
- Global Airport Fire Safety Equipment Market 2017-2021
- Global Industrial Fire Safety Equipment Market 2016-2020
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