Above Ground Segment to Dominate MEA Fire Hydrant Market During 2021–2028    

According to a new market research study on “MEA Fire Hydrant Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Operating Type, Construction, and End User” is expected to reach US$ 105.15 million by 2028 from US$ 81.13 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the MEA fire hydrant market along with the drivers and restraints pertaining to the market growth. Burgeoning demand for smart fire hydrants and rise in conceptualization of smart cities and buildings are the major factor driving the growth of the MEA fire hydrant market. However, high cost of installation and maintenance hinder the growth of MEA fire hydrant market.        

The MEA fire hydrant market is primarily affected by the disruption in the national and international supply chains. The shutdown of country borders has disturbed the supply chain of several components and parts required in the construction and manufacturing industries in the region. The use of fire hydrants is required in manufacturing industries and buildings. However, various countries, such as the UAE, Saudi Arabia, and Kuwait, are witnessing growth in high-rise buildings, influencing the market as businesses are getting resumed after imposing bans on construction in the first quarter of 2020. This is expected to impact the use of fire hydrants in multi-story and high-rise buildings.

The MEA fire hydrant market is segmented on the basis of product type, operating type, construction, end user, and country. Based on product type, the market is bifurcated into dry barrel and wet barrel. The wet barrel segment dominated the market in 2020 and dry barrel segment is expected to be fastest growing during forecast period. Based on operating type, the market is divided into conventional and smart. The conventional segment dominated the market in 2020 and smart segment is expected to be fastest growing during forecast period. The market, by construction, is bifurcated into underground and above ground. The above ground segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on end user, the market is categorized into commercial and industrial. The commercial segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is divided into the UAE, South Africa, Saudi Arabia, and rest of MEA.      

AVK International A/S; EJ Group, Inc.; McWane, Inc.; Mueller Co. LLC; Newage Fire Protection Services Pvt. Ltd; and Rapidrop Global Ltd are among the leading companies in the MEA fire hydrant market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, The street was constructed in the summer of 2020, and AVK P7 hydrants were included in the design. The authorized AVK distributor Vestra Industry delivered the hydrants under a three-year procurement contract with the water company. More than 500 underground hydrants and 500 above-ground hydrants are included in the deal.             

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