Research Nester’s recent market research analysis on “Fire Hose Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global fire hose market in terms of market segmentation by product type, application and by region.
A Surge in Construction of Hotels to Boost Growth of Global Fire Hose Market
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The major factor to influence the growth of the market for fire hose is the surge in the construction of hotels. They are at constant risk of catching fire owing to busy kitchens, irresponsible visitors, and broken equipment. This may pose a risk to visitors, property, and even the company's reputation. Therefore, these hotels make sure that they have installed equipment that would safeguard them during fire outrage further reducing the potential damage. Therefore, the demand for fire hoses is poised to have growth.
Additionally, climate also plays a crucial role in fire accidents. With the climate turning warmer and dire the risk of wildfire increases. Moreover, owing to the rising emission in the environment, the climate is estimated to be affected more which would result in a higher risk of wildfire. Hence, with this, the demand for fire over the projected period is anticipated to increase.
Some of the major growth factors and challenges that are associated with the growth of the global fire hose market are:
- Rise in Fire Accidents in Oil & Gas Industries
- Surge in Awareness Regarding Fire Safety
Challenges:
Environmental impact is projected from the use of fire hoses. It contains a variety of dangerous materials that could be even more challenging to recycle. As a result of the public's increased knowledge, eco-friendly firefighting methods are becoming more popular. As a result, it is anticipated that this factor would impede market expansion. Moreover, a fire hose is not a necessary option in every circumstance. In circumstances such as electrical equipment, or burning liquid the use of a fire hose is strictly avoided. A fire hose is never going to run out of water since it is connected to the mains water supply, unlike a fire extinguisher. As a result, unskilled individuals using a fire hose reel to put out flames have a tendency to remain at the scene for an excessive amount of time. Hence, fire hose use is restricted in various cases hence further hindering the market growth.
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By application, the market for fire hose is segmented into municipal fire services, residential, and commercial. Out of these segments, the municipal fire services are estimated to garner the highest revenue by the end of 2035. However, the commercial segment is also set to see noteworthy growth. This is since, of the growing incident of fire accidents in this sector. The commercial sector consists of heating equipment to make the staying environment more comfortable. However, this equipment is at constant risk of catching fire due to overheating. Moreover, old or flawed wiring, overloaded circuits, poor connections, bad fuses, unbalanced electrical loads, and a variety of other electrical or lighting issues could also arise and cause overheating or sparks that start a fire. Hence, owing to this the risk of catching fire in this sector is also high, which would boost the adoption of fire hose.
By region, the Europe fire hose market is set to grow along with all other regions owing to growing government investment in educating people to adopt fire hoses from residential and commercial places. Additionally, there has been a surge in aging infrastructure in this region which is anticipated t0 dominate the demand for the fire hose. Moreover, the market is growing as a result of the introduction of reliable automation systems with radiant heat technology for fire detection in various industries including petroleum companies.
This report also provides the existing competitive scenario of some of the key players of the global fire hose market which includes company profiling of Johnson Controls, Angus Fire, Delta Fire Limited, Trimble Inc., B.C. Ziegler and Company, All-American Hose Acquisition LLC, Armored Textiles, Inc., Armtec, Chhatariya Firetech Industries, Dixon Valve & Coupling Company, LLC, and others.
