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Hydrant Dispensers Market

450 GPM – 850 GPM Engines to Dominate Hydrant Dispenser Market by 40%: Fact.MR Study

Published : 15 Nov 2021 Industry: Industrial Goods

Fact.MR predicts the global sales of hydrant dispensers to exceed US$ 16.3 Bn by registering a CAGR of 5% in the assessment period 2021-2031. Increasing preference for air travel across the world is spurring the growth of hydrant dispensers. At least 423 new airports are scheduled to be built worldwide, with 223 in the Asia Pacific region and around 60 across Europe. This is being backed by significant investments in new airport facilities and capacity expansion. Hydrant systems, which serve as a quick and efficient means of refuelling, are part of this modern infrastructure.

Historically, from 2016 to 2020, sales of hydrant dispensers surged at around 4% CAGR. Demand fell marginally during the COVID-19 pandemic. The global aviation industry experienced a drop of 55% over the last financial year. As a result, aviation industry’s spending power was reduced. Since infrastructure construction was halted around the world, new airport infrastructure development and modernization were affected, leading to drop in global demand for hydrant dispensers. With the world getting back to normal, the demand for hydrant dispensers is expected to retrieve.

Every year, around 100 million new air passengers are added in the Asia Pacific region. BRICS nations are showing a pattern of growing urban population in search of job opportunities, which is leading to increased air travel. To accommodate this increase, governments are investing in the construction of new airports, which will drive demand for hydrant dispensers northward. For their ever-growing tourism sector, GCC countries will also invest heavily in airport infrastructure over the coming years. This, in turn, is increasing the demand for hydrant dispensers.

Key Takeaways from the Market Study

  • By mass flow rate, 450 GPM – 850 GPM engines expected to accumulate 40% market share in the forecast period
  • IC Engine-powered hydrant dispensers to register 5% CAGR from 2021 to 2031
  • Electrically powered hydrant dispensers expected to procure more than 35% market share
  • North America expected to incline at a CAGR of over 4% through 2031
  • Asia to register 6% CAGR for hydrant dispensers in the assessment period 2021-2031
  • Global market for hydrant dispensers to be valued at over US$ 10 Bn by 2021-end

 “As the global aviation industry continues to expand, prominent hydrant dispenser manufacturers are finding enhanced revenue prospects, as demand for such key goods as refueling equipment experience a massive incline,” opines a Fact.MR analyst.

Competitive Landscape

  • In February 2020, Garsite Progress LLC created a new website and E-commerce part stores. The company is focusing on providing equipment at greater speed globally and domestically to its customers.
  • In August 2020, Weihai guangtai airport equipment Co., Ltd introduced Blueline Flex Fill System that delivers propane upto 90% faster during a standard LP delivery.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global hydrant dispenser market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study indulges essential insights on the market on the basis of mass flow rate (< 450 GPM, 450 GPM -850 GPM and 850 GPM – 1050 GPM), configuration (towable, self-propelled and truck-mounted) propulsion (IC engine-powered and electrical-powered) and end user (commercial and military) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

About the Industrial Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Shubham Patidar

Fact.MR

Consultant - Industrial Goods

E-mail: Shubham@factmr.com

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Hydrant Dispensers Market Analysis by Mass Flow Rate (< 450 GPM Hydrant Dispensers, 450 GPM -850 GPM Hydrant Dispensers), by Configuration (Towable Hydrant Dispensers, Self-propelled Hydrant Dispensers), by Propulsion (IC Engine-powered Hydrant Dispensers, Electrical-powered Hydrant Dispensers), by End User & Regional Forecast 2021-2031