The fire hydrant market is expected to grow from US$ 1,509.92 million in 2021 to US$ 2,070.22 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.
Fire hydrant systems are critical tools needed in various companies or manufacturing plants to extinguish a fire. A fire hydrant market consists of a water pressurizing system dispersed throughout the structure via pipes and hoses. These systems include water storage tanks, pumps, pipelines and valves, fire brigade booster, hydrant, landing valve, coupling, lay flat fire hose, and block plan. The principle of pressure drop governs the operation of a fire hydrant. The water pressure drops when the operator opens the hydrant valve. The pressure switch activates the booster pump to counteract this effect, which takes more water from the source to raise the system's pressure. With 7–10 bar pressures, this pressurized water is then directed to the origin of the fire to put it out. Fire hydrants are classified on the basis of drive configurations, such as diesel, electric, and hybrid drive systems. The diesel, electric, and hybrid drive models use diesel, electricity, and a combination of both as fuel, respectively, for the operation of the fire hydrant system. Further, these systems can be made much more effective by automating them, as one or two people are always required to handle a fire hydrant system.
The growth of the fire hydrant market is attributed to the upsurge in service expectations from industrial users and commercial customers. The enactment of strict fire safety regulations by governments is further propelling the demand for fire hydrant systems. Wireless sensors or smart nodes are used in fire hydrant systems to attain greater efficiency by consuming less water. Also, these safety systems exhibit cheap maintenance and lightning-fast action. At present, the market for safety systems has tremendous potential due to the severe implications surrounding fire hydrant systems installations in companies and organizations.
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Fire Hydrant Market: Strategic Insights
Market Size Value in US$ 1,509.92 million in 2021 Market Size Value by US$ 2,070.22 million by 2028 Growth rate CAGR of 4.6% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Fire Hydrant Market: Strategic Insights
| Market Size Value in | US$ 1,509.92 million in 2021 |
| Market Size Value by | US$ 2,070.22 million by 2028 |
| Growth rate | CAGR of 4.6% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Fire Hydrant Market
The COVID-19 outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has governments to put a bar on the transportation of humans and goods. The manufacturing and construction industries, academic institutes, shopping complexes, and office premises have experienced a temporary shutdown to curb the spread of the virus. The factory shutdowns and border lockdowns have impacted manufacturing, supply, and sales of various industries, thus stopping the production of fire hydrants and their adoption in buildings, hindering the growth of fire hydrant market.
Lucrative Regions for Fire Hydrant Market
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Market Insight
Growth of Construction Sector
The construction sector has been flourishing with increased infrastructural projects in recent times. This trend is anticipated to endure over the years, creating a huge potential for commercial and industrial construction. Governments of various countries are undertaking initiatives to support the construction industry. The growth phase in the construction industry and building design has introduced more professional designs, construction methods, and technologies to fulfill the demand for fire safety. With growing construction, the infrastructure projects in the commercial and residential sectors are booming. Malls, dwellings, hotels, domestic and residential buildings, especially high-rise buildings, are witnessing huge growth. In recent years, multistorey and high-rise buildings have garnered significant attention in fire safety. The code bodies and local, regional, and national governments are all engaged in increasing the safety of high-rise buildings. The US, Japan, the UAE, China, South Korea, and Australia are among countries with a large number of skyscrapers. The numerous skyscrapers in countries contribute to the growth of fire hydrant market.
Product Type-Based Insights
Based on product type, the fire hydrant market can be bifurcated into dry barrel and wet barrel. Dry barrel fire hydrants are typically used in frosty places when the water main is below the frost line. Two drain outlets are located slightly above the main water level on the dry barrel fire hydrant. The central valve disc is meant to flush out soil and other pollutants from the drain channels while opening, as these contaminants might damage the central valve disc. When the fire hydrant is closed after service, the water will drain via the drain holes in the base of the barrel. The growth of the segment is fueled by increased urbanization.
Fire Hydrant Market, by Product Type (% Share)
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Fire Hydrant Market, by Product Type (% Share)
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Operating Type-Based Insights
On the basis of operating type, the global fire hydrant market is segmented into conventional and smart. The operational and medium pipes are combined in a single cast housing in conventional hydrants, separated in free flow subsurface hydrants. This results in significantly better hydraulic conditions than hydrants with a valve stopper as a shut-off device. Furthermore, main water flushing is usually performed in two ways: traditional or unidirectional (UDF). The distinction between the two systems is well described by WATER Finance & Management. Hydrants are opened in several targeted places and released water until accumulations are cleared and water runs clean in traditional flushing. While this procedure is simple for water operators and workers to implement; it needs a lot of water and may not always properly clean the pipe.
Construction-Based Insights
On the basis of construction, the global fire hydrant market is categorized into underground and above ground. A fire hydrant is an above-ground connection that allows firefighters to access a water supply in a fire. At street level, there are above-ground hydrants. The key benefit is that they are easy to locate in the case of a fire and maybe put to use quickly. For example, Hawle hydrants are made up of stainless steel and blend in well with the urban environment.
End User-Based Insights
On the basis of end user, the global fire hydrant market is categorized into commercial and industrial. Fire hydrants appear to be sitting on the side of the road in commercial locations, ready to be used. The segment is growing due to increased urbanization, a surge in commercial building, and rise in asset protection awareness.
The market players focus on new product innovations and developments by integrating advanced technologies and features to compete with competitors in the fire hydrant market. In November 2021, Bocciolone Antincendio began manufacturing the EUR-PRO, a new model of Crotone underground hydrant. This new type is available in DN 65 and DN 80 diameters (the latter is CE registered) and replaces the previous EUR variant. The new hydrant has specific technological enhancements compared to earlier hydrants.
Based on product type, the fire hydrant market can be bifurcated into dry barrel and wet barrel. On the basis of operating type, the global fire hydrant market is segmented into conventional and smart. On the basis of construction, the global fire hydrant market is categorized into underground and above ground. On the basis of end user, the global fire hydrant market is categorized into commercial and industrial. Based on region, the global fire hydrant market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Fire Hydrant Market – Company Profiles
- American Cast Iron Company
- AVK International A/S
- BOCCIOLONE ANTINCEDIO
- EJ Group, Inc
- IMP Armature d.o.o
- Kupferle Foundry Company
- McWane International
- Mueller Co. LLC
- NEWAGE FIRE PROTECTION SERVICES PVT. LTD
- Rapidrop Global Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Operating Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the construction sector and stringent implications regarding the installation of fire protection systems are the factors that are driving the growth of the fire hydrant market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including the fire hydrant market. Further, the surge in demand for smart fire hydrants presents significant potential for the future growth of the fire hydrant market players.
Based on product type, the fire hydrant market is segmented into a dry barrel and wet barrel. In 2020, the dry barrel segment led the fire hydrant market, accounting for the largest share in the market.
In 2020, North America led the market with a substantial revenue share, followed by Asia Pacific and Europe. North America is a prospective market for fire hydrant developers.
The major companies in fire hydrant includes Mueller Co. LLC; American Cast Iron Company; AVK International A/S; Bocciolone Antincendio SpA; EJ Group, Inc; IMP Armature d.o.o.; Kupferle; McWane, Inc; NEWAGE FIRE PROTECTION SERVICES PVT. LTD and Rapidrop Global Ltd.
Based on construction, the fire hydrant market can be segmented into Underground, and Above ground. In 2020, the above ground segment accounted for the largest market share.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fire Hydrant market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Fire Hydrant market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Construction Sector
5.1.2 Stringent Implications Regarding Installation of Fire Protection Systems
5.2 Market Restraints
5.2.1 High Cost of Installation and Maintenance
5.2.2 Long-time Durability
5.3 Market Opportunities
5.3.1 Surge in Demand for Smart Fire Hydrants
5.4 Future Trends
5.4.1 Increase in Conceptualization of Smart Cities and Buildings
5.5 Impact Analysis of Drivers And Restraints
6. Fire Hydrant – Global Market Analysis
6.1 Global Fire Hydrant Market Overview
6.2 Global Fire Hydrant Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Fire hydrant Market Analysis – By Product type
7.1 Overview
7.2 Fire hydrant Market , By Product type (2020 And 2028)
7.3 Dry Barrel
7.3.1 Overview
7.3.2 Dry Barrel: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
7.4 Wet barrel
7.4.1 Overview
7.4.2 Wet barrel: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
8. Global Fire hydrant Market Analysis – By Operating type
8.1 Overview
8.2 Fire hydrant Market , By Operating type (2020 And 2028)
8.3 Conventional
8.3.1 Overview
8.3.2 Conventional: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
8.4 Smart
8.4.1 Overview
8.4.2 Smart: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
9. Global Fire hydrant Market Analysis – By Construction
9.1 Overview
9.2 Fire hydrant Market , By Construction (2020 and 2028)
9.3 Underground
9.3.1 Overview
9.3.2 Underground: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
9.4 Above ground
9.4.1 Overview
9.4.2 Above ground: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
10. Global Fire hydrant Market Analysis – By End User
10.1 Overview
10.2 Fire hydrant Market , By End User (2020 and 2028)
10.3 Commercial
10.3.1 Overview
10.3.2 Commercial : Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
10.4 Industrial
10.4.1 Overview
10.4.2 Industrial: Fire hydrant Market Revenue and Forecast To 2028 (US$ Million)
11. Fire hydrant Market – Geographic Analysis
11.1 Overview
11.2 North America: Fire Hydrant Market
11.2.1 Overview
11.2.2 North America Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.2.3 North America Fire Hydrant Market Breakdown, By Product Type
11.2.4 North America Fire Hydrant Market Breakdown, By Operating Product type
11.2.5 North America Fire Hydrant Market Breakdown, By Construction
11.2.6 North America Fire Hydrant Market Breakdown, By End User
11.2.7 North America Fire Hydrant Market Breakdown, by Country
11.2.7.1 US Fire Hydrant Market, Revenue and Forecast to 2028
11.2.7.1.1 US Fire Hydrant Market Breakdown, by Product Type
11.2.7.1.2 US Fire Hydrant Market Breakdown, by Operating Product type
11.2.7.1.3 US Fire Hydrant Market Breakdown, by Construction
11.2.7.1.4 US Fire Hydrant Market Breakdown, by End User
11.2.7.2 Canada Fire Hydrant Market, Revenue and Forecast to 2028
11.2.7.2.1 Canada Fire Hydrant Market Breakdown, by Product Type
11.2.7.2.2 Canada Fire Hydrant Market Breakdown, by Operating Product type
11.2.7.2.3 Canada Fire Hydrant Market Breakdown, by Construction
11.2.7.2.4 Canada Fire Hydrant Market Breakdown, by End User
11.2.7.3 Mexico Fire Hydrant Market, Revenue and Forecast to 2028
11.2.7.3.1 Mexico Fire Hydrant Market Breakdown, by Product Type
11.2.7.3.2 Mexico Fire Hydrant Market Breakdown, by Operating Product type
11.2.7.3.3 Mexico Fire Hydrant Market Breakdown, by Construction
11.2.7.3.4 Mexico Fire Hydrant Market Breakdown, by End User
11.3 Europe: Fire Hydrant Market
11.3.1 Overview
11.3.2 Europe Fire Hydrant Market Revenue and Forecast to 2028 (US$ million)
11.3.3 Europe Fire Hydrant Market Breakdown, By Product Type
11.3.4 Europe Fire Hydrant Market Breakdown, By Operating Product type
11.3.5 Europe Fire Hydrant Market Breakdown, By Construction
11.3.6 Europe Fire Hydrant Market Breakdown, By End User
11.3.7 Europe Fire Hydrant Market Breakdown, by Country
11.3.7.1 Germany Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.1.1 Germany Fire Hydrant Market Breakdown, by Product Type
11.3.7.1.2 Germany Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.1.3 Germany Fire Hydrant Market Breakdown, by Construction
11.3.7.1.4 Germany Fire Hydrant Market Breakdown, by End User
11.3.7.2 France Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.2.1 France Fire Hydrant Market Breakdown, by Product Type
11.3.7.2.2 France Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.2.3 France Fire Hydrant Market Breakdown, by Construction
11.3.7.2.4 France Fire Hydrant Market Breakdown, by End User
11.3.7.3 UK Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.3.1 UK Fire Hydrant Market Breakdown, by Product Type
11.3.7.3.2 UK Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.3.3 UK Fire Hydrant Market Breakdown, by Construction
11.3.7.3.4 UK Fire Hydrant Market Breakdown, by End User
11.3.7.4 Italy Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.4.1 Italy Fire Hydrant Market Breakdown, by Product Type
11.3.7.4.2 Italy Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.4.3 Italy Fire Hydrant Market Breakdown, by Construction
11.3.7.4.4 Italy Fire Hydrant Market Breakdown, by End User
11.3.7.5 Russia Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.5.1 Russia Fire Hydrant Market Breakdown, by Product Type
11.3.7.5.2 Russia Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.5.3 Russia Fire Hydrant Market Breakdown, by Construction
11.3.7.5.4 Russia Fire Hydrant Market Breakdown, by End User
11.3.7.6 Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028
11.3.7.6.1 Rest of Europe Fire Hydrant Market Breakdown, by Product Type
11.3.7.6.2 Rest of Europe Fire Hydrant Market Breakdown, by Operating Product type
11.3.7.6.3 Rest of Europe Fire Hydrant Market Breakdown, by Construction
11.3.7.6.4 Rest of Europe Fire Hydrant Market Breakdown, by End User
11.4 APAC: Fire Hydrant Market
11.4.1 Overview
11.4.2 APAC Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.3 APAC Fire Hydrant Market Breakdown, By Product Type
11.4.4 APAC Fire Hydrant Market Breakdown, By Operating Product type
11.4.5 APAC Fire Hydrant Market Breakdown, By Construction
11.4.6 APAC Fire Hydrant Market Breakdown, By End User
11.4.7 APAC Fire Hydrant Market Breakdown, by Country
11.4.7.1 China Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.1.1 China Fire Hydrant Market Breakdown, by Product Type
11.4.7.1.2 China Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.1.3 China Fire Hydrant Market Breakdown, by Construction
11.4.7.1.4 China Fire Hydrant Market Breakdown, by End User
11.4.7.2 Japan Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.2.1 Japan Fire Hydrant Market Breakdown, by Product Type
11.4.7.2.2 Japan Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.2.3 Japan Fire Hydrant Market Breakdown, by Construction
11.4.7.2.4 Japan Fire Hydrant Market Breakdown, by End User
11.4.7.3 India Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.3.1 India Fire Hydrant Market Breakdown, by Product Type
11.4.7.3.2 India Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.3.3 India Fire Hydrant Market Breakdown, by Construction
11.4.7.3.4 India Fire Hydrant Market Breakdown, by End User
11.4.7.4 South Korea Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.4.1 South Korea Fire Hydrant Market Breakdown, by Product Type
11.4.7.4.2 South Korea Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.4.3 South Korea Fire Hydrant Market Breakdown, by Construction
11.4.7.4.4 South Korea Fire Hydrant Market Breakdown, by End User
11.4.7.5 Australia Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.5.1 Australia Fire Hydrant Market Breakdown, by Product Type
11.4.7.5.2 Australia Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.5.3 Australia Fire Hydrant Market Breakdown, by Construction
11.4.7.5.4 Australia Fire Hydrant Market Breakdown, by End User
11.4.7.6 Rest of APAC Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.6.1 Rest of APAC Fire Hydrant Market Breakdown, by Product Type
11.4.7.6.2 Rest of APAC Fire Hydrant Market Breakdown, by Operating Product type
11.4.7.6.3 Rest of APAC Fire Hydrant Market Breakdown, by Construction
11.4.7.6.4 Rest of APAC Fire Hydrant Market Breakdown, by End User
11.5 MEA: Fire Hydrant Market
11.5.1 Overview
11.5.2 MEA Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.5.3 MEA Fire Hydrant Market Breakdown, By Product Type
11.5.4 MEA Fire Hydrant Market Breakdown, By Operating Product type
11.5.5 MEA Fire Hydrant Market Breakdown, By Construction
11.5.6 MEA Fire Hydrant Market Breakdown, By End User
11.5.7 MEA Fire Hydrant Market Breakdown, By Country
11.5.7.1 Saudi Arabia Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.1.1 Saudi Arabia Fire Hydrant Market Breakdown, by Product Type
11.5.7.1.2 Saudi Arabia Fire Hydrant Market Breakdown, by Operating Product type
11.5.7.1.3 Saudi Arabia Fire Hydrant Market Breakdown, by Construction
11.5.7.1.4 Saudi Arabia Fire Hydrant Market Breakdown, by End User
11.5.7.2 UAE Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.2.1 UAE Fire Hydrant Market Breakdown, by Product Type
11.5.7.2.2 UAE Fire Hydrant Market Breakdown, by Operating Product type
11.5.7.2.3 UAE Fire Hydrant Market Breakdown, by Construction
11.5.7.2.4 UAE Fire Hydrant Market Breakdown, by End User
11.5.7.3 South Africa Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.3.1 South Africa Fire Hydrant Market Breakdown, by Product Type
11.5.7.3.2 South Africa Fire Hydrant Market Breakdown, by Operating Product type
11.5.7.3.3 South Africa Fire Hydrant Market Breakdown, by Construction
11.5.7.3.4 South Africa Fire Hydrant Market Breakdown, by End User
11.5.7.4 Rest of MEA Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.4.1 Rest of MEA Fire Hydrant Market Breakdown, by Product Type
11.5.7.4.2 Rest of MEA Fire Hydrant Market Breakdown, by Operating Product type
11.5.7.4.3 Rest of MEA Fire Hydrant Market Breakdown, by Construction
11.5.7.4.4 Rest of MEA Fire Hydrant Market Breakdown, by End User
11.6 SAM: Fire Hydrant Market
11.6.1 Overview
11.6.2 SAM Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
11.6.3 SAM Fire Hydrant Market Breakdown, By Product Type
11.6.4 SAM Fire Hydrant Market Breakdown, By Operating Product type
11.6.5 SAM Fire Hydrant Market Breakdown, By Construction
11.6.6 SAM Fire Hydrant Market Breakdown, By End User
11.6.7 SAM Fire Hydrant Market Breakdown, by Country
11.6.7.1 Brazil Fire Hydrant Market, Revenue and Forecast to 2028
11.6.7.1.1 Brazil Fire Hydrant Market Breakdown, by Product Type
11.6.7.1.2 Brazil Fire Hydrant Market Breakdown, by Operating Product type
11.6.7.1.3 Brazil Fire Hydrant Market Breakdown, by Construction
11.6.7.1.4 Brazil Fire Hydrant Market Breakdown, by End User
11.6.7.2 Argentina Fire Hydrant Market, Revenue and Forecast to 2028
11.6.7.2.1 Argentina Fire Hydrant Market Breakdown, by Product Type
11.6.7.2.2 Argentina Fire Hydrant Market Breakdown, by Operating Product type
11.6.7.2.3 Argentina Fire Hydrant Market Breakdown, by Construction
11.6.7.2.4 Argentina Fire Hydrant Market Breakdown, by End User
11.6.7.3 Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028
11.6.7.3.1 Rest of SAM Fire Hydrant Market Breakdown, by Product Type
11.6.7.3.2 Rest of SAM Fire Hydrant Market Breakdown, by Operating Product type
11.6.7.3.3 Rest of SAM Fire Hydrant Market Breakdown, by Construction
11.6.7.3.4 Rest of SAM Fire Hydrant Market Breakdown, by End User
12. Fire hydrant market - Covid-19 Impact Analysis
12.1 Overview
12.2 Impact of COVID-19 Pandemic on Global Fire Hydrant Market
12.2.1 North America: Impact Assessment of COVID-19 Pandemic
12.2.2 Europe: Impact Assessment of COVID-19 Pandemic
12.2.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.2.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
12.2.5 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Development
14. Company Profiles
14.1 Mueller Co. LLC
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 American Cast Iron Company
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 AVK International A/S
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Bocciolone Antincendio SpA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 EJ Group, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 IMP Armature d.o.o.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Kupferle
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 McWane, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NEWAGE FIRE PROTECTION SERVICES PVT. LTD
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Rapidrop Global Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Global Fire Hydrant Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Fire Hydrant Market, Revenue and Forecast To 2028 – By Product Type (US$ million)
Table 3. North America Fire Hydrant Market, Revenue and Forecast To 2028 – By Operating Product type (US$ million)
Table 4. North America Fire Hydrant Market, Revenue and Forecast To 2028 – By Construction (US$ million)
Table 5. North America Fire Hydrant Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 6. North America Fire Hydrant Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 7. US Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 8. US Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 9. US Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 10. US Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 11. Canada Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 12. Canada Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 13. Canada Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 14. Canada Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 15. Mexico Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 16. Mexico Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 17. Mexico Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 18. Mexico Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 19. Europe Fire Hydrant Market, Revenue and Forecast To 2028 – By Product Type (US$ million)
Table 20. Europe Fire Hydrant Market, Revenue and Forecast To 2028 – By Operating Product type (US$ million)
Table 21. Europe Fire Hydrant Market, Revenue and Forecast To 2028 – By Construction (US$ million)
Table 22. Europe Fire Hydrant Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 23. Europe Fire Hydrant Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 24. Germany Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 25. Germany Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 26. Germany Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 27. Germany Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 28. France Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 29. France Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 30. France Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 31. France Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 32. UK Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 33. UK Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 34. UK Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 35. UK Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 36. Italy Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 37. Italy Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 38. Italy Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 39. Italy Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 40. Russia Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 41. Russia Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 42. Russia Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 43. Russia Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 44. Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 45. Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 46. Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 47. Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 48. APAC Fire Hydrant Market, Revenue and Forecast To 2028 – By Product Type (US$ million)
Table 49. APAC Fire Hydrant Market, Revenue and Forecast To 2028 – By Operating Product type (US$ million)
Table 50. APAC Fire Hydrant Market, Revenue and Forecast To 2028 – By Construction (US$ million)
Table 51. APAC Fire Hydrant Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 52. APAC Fire Hydrant Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 53. China Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 54. China Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 55. China Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 56. China Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 57. Japan Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 58. Japan Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 59. Japan Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 60. Japan Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 61. India Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 62. India Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 63. India Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 64. India Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 65. South Korea Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 66. South Korea Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 67. South Korea Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 68. South Korea Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 69. Australia Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 70. Australia Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 71. Australia Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 72. Australia Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 73. Rest of APAC Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 74. Rest of APAC Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 75. Rest of APAC Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 76. Rest of APAC Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 77. MEA Fire Hydrant Market, Revenue and Forecast To 2028 – By Product Type (US$ million)
Table 78. MEA Fire Hydrant Market, Revenue and Forecast To 2028 – By Operating Product type (US$ million)
Table 79. MEA Fire Hydrant Market, Revenue and Forecast To 2028 – By Construction (US$ million)
Table 80. MEA Fire Hydrant Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 81. MEA Fire Hydrant Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 82. Saudi Arabia Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 83. Saudi Arabia Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 84. Saudi Arabia Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 85. Saudi Arabia Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 86. UAE Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 87. UAE Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 88. UAE Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 89. UAE Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 90. South Africa Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 91. South Africa Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 92. South Africa Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 93. South Africa Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 94. Rest of MEA Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 95. Rest of MEA Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 96. Rest of MEA Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 97. Rest of MEA Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 98. SAM Fire Hydrant Market, Revenue and Forecast To 2028 – By Product Type (US$ million)
Table 99. SAM Fire Hydrant Market, Revenue and Forecast To 2028 – By Operating Product type (US$ million)
Table 100. SAM Fire Hydrant Market, Revenue and Forecast To 2028 – By Construction(US$ million)
Table 101. SAM Fire Hydrant Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 102. SAM Fire Hydrant Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 103. Brazil Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 104. Brazil Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 105. Brazil Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 106. Brazil Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 107. Argentina Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 108. Argentina Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 109. Argentina Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 110. Argentina Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 111. Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 112. Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028 – By Operating Product type (US$ million)
Table 113. Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028 – By Construction (US$ million)
Table 114. Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Fire Hydrant Market Segmentation
Figure 2. Fire Hydrant Market Segmentation – By Geography
Figure 3. Global Fire Hydrant Market Overview
Figure 4. Fire Hydrant Market, by Product type
Figure 5. Fire Hydrant Market, by Operating type
Figure 6. Fire Hydrant Market, by Construction
Figure 7. Fire Hydrant Market, by End user
Figure 8. Fire Hydrant Market, by Geography
Figure 9. North America– PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. APAC – PEST Analysis
Figure 12. MEA – PEST Analysis
Figure 13. SAM – PEST Analysis
Figure 14. Fire Hydrant Market- Ecosystem Analysis
Figure 15. Fire Hydrant Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Fire Hydrant Market
Figure 17. Global Fire Hydrant Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Fire hydrant Market , By Product type (2020 and 2028)
Figure 19. Dry Barrel: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Wet barrel: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Fire hydrant Market , By Operating type (2020 and 2028)
Figure 22. Conventional: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Smart: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Fire hydrant Market , By Oil Pump Product (2020 and 2028)
Figure 25. Underground: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Above ground: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Fire hydrant Market , By End User (2020 and 2028)
Figure 28. Commercial : Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Industrial: Fire hydrant Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Fire Hydrant Market Breakdown, by Region, 2020 & 2028 (%)
Figure 31. North America Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 32. North America Fire Hydrant Market Breakdown, By Product Type , 2020 & 2028 (%)
Figure 33. North America Fire Hydrant Market Breakdown, By Operating Product type, 2020 & 2028 (%)
Figure 34. North America Fire Hydrant Market Breakdown, By Construction, 2020 & 2028 (%)
Figure 35. North America Fire Hydrant Market Breakdown, By End User, 2020 & 2028 (%)
Figure 36. North America Fire Hydrant Market Breakdown, by Country, 2020 & 2028 (%)
Figure 37. US Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Canada Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 39. Mexico Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 40. Europe Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 41. Europe Fire Hydrant Market Breakdown, By Product Type , 2020 & 2028 (%)
Figure 42. Europe Fire Hydrant Market Breakdown, By Operating Product type, 2020 & 2028 (%)
Figure 43. Europe Fire Hydrant Market Breakdown, By Construction, 2020 & 2028 (%)
Figure 44. Europe Fire Hydrant Market Breakdown, By End User, 2020 & 2028 (%)
Figure 45. Europe Fire Hydrant Market Breakdown, by Country, 2018 & 2027(%)
Figure 46. Germany Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 47. France Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 48. UK Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 49. Italy Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 50. Russia Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 51. Rest of Europe Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 52. APAC Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 53. APAC Fire Hydrant Market Breakdown, By Product Type , 2020 & 2028 (%)
Figure 54. APAC Fire Hydrant Market Breakdown, By Operating Product type, 2020 & 2028 (%)
Figure 55. APAC Fire Hydrant Market Breakdown, By Construction, 2020 & 2028 (%)
Figure 56. APAC Fire Hydrant Market Breakdown, By End User, 2020 & 2028 (%)
Figure 57. APAC Fire Hydrant Market Breakdown, by Country, 2020 & 2028 (%)
Figure 58. China Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 59. Japan Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 60. India Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 61. South Korea Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 62. Australia Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 63. Rest of APAC Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 64. MEA Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 65. MEA Fire Hydrant Market Breakdown, By Product Type , 2020 & 2028 (%)
Figure 66. MEA Fire Hydrant Market Breakdown, By Operating Product type, 2020 & 2028 (%)
Figure 67. MEA Fire Hydrant Market Breakdown, By Construction, 2020 & 2028 (%)
Figure 68. MEA Fire Hydrant Market Breakdown, By End User, 2020 & 2028 (%)
Figure 69. MEA Fire Hydrant Market Breakdown, By Country, 2020 & 2028 (%)
Figure 70. Saudi Arabia Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 71. UAE Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 72. South Africa Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 73. Rest of MEA Fire Hydrant Market, Revenue and Forecast To 2028 (US$ million)
Figure 74. SAM Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 75. SAM Fire Hydrant Market Breakdown, By Product Type , 2020 & 2028 (%)
Figure 76. SAM Fire Hydrant Market Breakdown, By Operating Product type, 2020 & 2028 (%)
Figure 77. SAM Fire Hydrant Market Breakdown, By Construction, 2020 & 2028 (%)
Figure 78. SAM Fire Hydrant Market Breakdown, By End User, 2020 & 2028 (%)
Figure 79. SAM Fire Hydrant Market Breakdown, by Country, 2020 & 2028 (%)
Figure 80. Brazil Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 81. Argentina Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 82. Rest of SAM Fire Hydrant Market, Revenue and Forecast to 2028 (US$ million)
Figure 83. Impact of COVID-19 Pandemic in North American Country Markets
Figure 84. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 85. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
The List of Companies - Fire Hydrant Market
- American Cast Iron Company
- AVK International A/S
- BOCCIOLONE ANTINCEDIO
- EJ Group, Inc
- IMP Armature d.o.o
- Kupferle Foundry Company
- McWane International
- Mueller Co. LLC
- NEWAGE FIRE PROTECTION SERVICES PVT. LTD
- Rapidrop Global Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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