October 15, 2020
Industry News: Fire Hydrant Market share will grow at CAGR of 4.9% says Report Ocean
The global fire hydrants market size was $1,189.2 million in 2019, and is expected to reach $1,574.5 million by 2027, growing at a CAGR of 4.9% from 2020 to 2027. A fire hydrant is a stationary equipment placed outside or inside a building, industrial area, and parking area, which is connected to a private or municipal water service network. They are designed to directly offer water needed by fire fighters to extinguish a fire.