By the end of 2021, the industry for hydrant dispenser sales had reached $10 billion worldwide. Sales of hydrant dispensers are being favorably impacted by rising demand from the aviation industry for low flow and high flow hydrant dispensers.
Over the projection period of 2021 to 2031, it is expected that the size of the worldwide market for hydrant dispensers will increase at a consistent CAGR of more than 5% and reach US$ 16.3 Bn.
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Key Segments Covered
- Mass Flow Rate
- < 450 GPM Hydrant Dispensers
- 450 GPM -850 GPM Hydrant Dispensers
- 850 GPM – 1050 GPM Hydrant Dispensers
- Configuration
- Towable Hydrant Dispensers
- Self-propelled Hydrant Dispensers
- Truck-mounted Hydrant Dispensers
- Propulsion
- IC Engine-powered Hydrant Dispensers
- Electrical-powered Hydrant Dispensers
- End User
- Commercial Hydrant Dispensers
- Hydrant Dispensers for Helicopters
- Hydrant Dispensers for Airplanes
- Military Hydrant Dispensers
- Hydrant Dispensers for Helicopters
- Hydrant Dispensers for Airplanes
Key Takeaways from Market Study
- The global hydrant dispensers market is anticipated to add 1.7X times more value to its market by 2031.
- Mass flow rate wise, demand for 850 GPM – 1050 GPM hydrant dispensers is expected to expand at an impressive CAGR of more than 5% over the forecast period.
- North America is the consummate market with an expected value of around US$ 42.6 Mn in 2021 and is expected to inflate at a zestful CAGR of more than 4% through 2031.
- Towable hydrant dispensers are opined to exhibit spry growth rate of over 5% CAGR, while self-propelled hydrant dispensers are projected to add 1.6X by 2031.
- East Asia is set to unleash bronzer growth of close to 6% CAGR, owing to increasing middle-class families, growing per capita income, and skyrocketing investments in modern airport infrastructure.
- Global air passenger travel and aircraft fleet is expected to double over the next decade, which will push demand for hydrant dispensers across regions.
Key Companies Profiled
- BETA Fueling Systems
- Garsite Progress LLC
- Globe Hi-Fabs LLP
- Holmwood Group
- Iturri Group
- KAR-KUNZ REFUELING
- LIQUIP VICTORIA
- ROHR Spezialfahrzeuge GmbH
- SkyMark Refuelers, LLC.
- Weihai Guangtai Airport Equipment Co., Ltd.,
- Westmor Industries
Need for Low-cost Maintenance and Higher Safety Standards
The conventional way of fuelling aircraft involves large fuel hauling trucks. These trucks carry large amounts of fuel at the back. Hauling the truck from the aircraft fuelling area to fuel farms is tedious. This increases the running cost as well as maintenance cost of these trucks. Comparatively, hydrant dispensers allow low-cost ownership due to less running hours, and also give low maintenance cost benefits.
Also, since fuel hydrant dispensers do not haul with fuel at the back, it eliminates the threat of any kind of minor or major accident on ground. Likewise, ready-to-move trucks in pits fully loaded with fuel is a high-risk proposition Hydrant systems used for fuelling eliminate these two prominent concerns in the aviation space, and thus, this equipment shows optimistic signs for future growth.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global hydrant dispensers market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the basis of mass flow rate (<450 GPM, 450 GPM – 850 GPM, and 850 GPM – 1050 GPM), configuration (towable and self-propelled), propulsion (IC engine-powered and electric-powered), and end-use industry (commercial and military), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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