A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Fire Pump Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Fire Pump Market Definition:
Fire Pumps are a part of the fire sprinkler system, as it provides high-pressure water accessibility to the fire sprinkler system increases the flow rate of the water. These pumps are mainly used in distributing water through sprinkler systems where water pressure from firefighting equipment is incapable to reach. They are typically driven by an electric motor or diesel engine are available in different configurations, such as vertical, horizontal, or end-suction. They are critical components of fire protection systems used to fight fires in residential commercial buildings, industrial facilities, and others.
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Global Fire Pump Market Insights:
The Global Fire Pump Market size was valued at around USD 1.5 billion during 2022 is projected to grow at a CAGR of around 7.57% during the forecast period, i.e., 2023-28.
Global Fire Pump Market Driver:
Expansion of the Commercial Sector to Drive the Demand for Fire Pumps – he demand for fire pumps has been steadily growing in the commercial sector across the globe over the past few years. The market received a boost after the strict government regulation introduced by different countries, such as the US, India, Japan, etc., to mandate the installation of fire pumps at commercial sites.
The growth of corporate offices across sectors, including IT, hospitality, healthcare, etc., in nations like the US, China, India, Southeast Asia, the Middle East, and others have been consistently amplifying the demand for fire pumps. In the past few years, the GCC APAC region has emerged as the preferred destination for establishing data centers. This was due to the constant push by the governments of countries like the UAE, Qatar, Saudi Arabia, India, South Korea, etc., to establish their countries as digital hubs store government-specified data effectively.
Moreover, there has been a rising inclination of IT giants like Google, Amazon Web Services, and many more to expand their offices across countries like India, Mexico, Saudi Arabia, the UAE, etc. Hence, the expansion of the IT industry across different countries is anticipated to escalate the demand for fire pumps in the commercial sector in the forecasted years as well, therefore driving market growth.
Global Fire Pump Market Leading Key Players:
North America, South America, Europe, Asia-Pacific, Middle East and Africa), By Company (Flowserve, Sulzer, Pentair, Grundfos, IDEX, Ebara, Roserbauer, ITT, KSB, WILO, Others [Waterous, Shibaura, etc]
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Global Fire Pump Market Segmentation:
Based on Mode of Operation
- Diesel Fire Pumps - Market Size Forecast 2018-2028, (USD Million)
- Steam Turbine - Market Size Forecast 2018-2028, (USD Million)
- Electric Fire Pumps - Market Size Forecast 2018-2028, (USD Million)
- Dual Fire Pumps - Market Size Forecast 2018-2028, (USD Million)
Based on Product Type
- Horizontal Split Case- Market Size Forecast 2018-2028, (USD Million)
- Vertical Split Case- Market Size Forecast 2018-2028, (USD Million)
- Vertical Turbine- Market Size Forecast 2018-2028, (USD Million)
- Vertical In-line- Market Size Forecast 2018-2028, (USD Million)
- End Suction- Market Size Forecast 2018-2028, (USD Million)
Based on End Users
- Residential - Market Size Forecast 2018-2028, (USD Million)
- Commercial- Market Size Forecast 2018-2028, (USD Million)
- Industrial- Market Size Forecast 2018-2028, (USD Million)
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Global Fire Pump Market Geographical Analysis
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Recent Development of Global Fire Pump Market:
2023: Wilo Group signed an MoU with the Ministry of Investment in Saudi Arabia in order to expand in the region. The company would install an assembly facility in Saudi Arabia to manufacture assemble pumps systems locally.
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