North America is expected to hold the largest share of the fire pump market due to the presence of major players and strict building codes. Asia-Pacific is also expected to see significant growth due to the increasing construction of commercial and residential buildings in the region.

Kansas City, MO, Jan. 27, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Fire Pump Market By Power For Operating (Electric Fire Pumps, Diesel Fire Pumps, Steam Turbines, And Dual Fire Pumps). By Product Type (Horizontal Split Case, Vertical Split Case, Vertical Inline, Vertical Turbine, And End Suction). By Application (Irrigation, Sludge Handling, Wastewater, Boiler Feed, Stormwater Handling, And Others). And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022-2028” in its research database.

“According to the latest research study, the demand of global Fire Pump Market size & share in terms of revenue was valued at USD 1625 million in 2021 and it is expected to surpass around USD 2225 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 4.5% during the forecast period 2022 to 2028.”

What is Fire Pump? How big is the Fire Pump Industry?

Fire Pump Report Coverage & Overview:

The fire pump is a firefighting device that can be swiftly moved to a fire scene and turned on to supply massive amounts of water to the fire. A fire pump, which is driven by diesel, electricity, or steam, is also part of a fire sprinkler system's water supply. Its purpose is to boost the water's pressure or energy. One of the major factors driving the global fire pump market in the forecast period is the rising number of fires in both industrial and residential regions. In addition, governments are implementing public safety rules and regulations and putting in place the required infrastructure to deal with any fire breakout in crowded areas in order to prevent a fire outbreak. The demand for fire pumps will gradually rise as a result of this.

The expansion of the oil and gas industry, as well as an increase in oil and gas exploration, transportation, and processing facilities around the world, are projected to benefit the fire pump market in the following year. Strict standards and regulations are predicted to have a favorable impact on market growth across all manufacturing industries around the world. The rise in worldwide construction and infrastructure development activities, as well as the increasing availability of IoT-enabled pump controllers, are driving the market. Moreover, the market has grown as a result of increased industrialization in emerging countries. However, less adoption of fire pumps in developing countries could stifle the market's growth.

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The market is driven by factors such as the increasing construction of commercial and residential buildings, the growing awareness of fire safety, and the advancements in technology.

The commercial building segment is expected to hold the largest share of the market due to the increasing construction of office buildings, hotels, and other commercial facilities. The residential building segment is also expected to see significant growth due to the increasing awareness of fire safety in homes.

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Global Fire Pump Market: Growth Dynamics

Demand for fire pumps is predicted to increase as a result of the expanding industrial sector, which is expected to drive growth in the global fire pumps market over the forecast period. The oil and gas industry is anticipated to have significant growth in the not-too-distant future, which is another factor that will be driving players in the market for fire pumps. Companies all around the world are being compelled to invest in employee safety measures as a result of stringent regulations and laws.

In the coming years, it is also possible that this factor will assist in the widespread adoption of fire pumps all over the world. In the coming years, it is anticipated that the global market for fire pumps will benefit, not only from the optimistic rate of expansion of the oil and gas industry, but also from the rise in the number of facilities dedicated to oil and gas exploration, processing, and transportation all over the world. Because of the numerous regulations and requirements, businesses in every region of the world are being compelled to make financial investments in safeguards for their workforces. It is also anticipated that this factor will play a role in the widespread use of fire pumps in the coming years.

In the coming years, the global market for fire pumps is expected to benefit from the oil and gas industry's growth and the increase in oil and gas exploration, processing, and transportation facilities around the world.

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Report Scope

Fire Pump Market: Segmentation Analysis

The Fire Pump Market is segregated based on Power for Operating, Product Type, and Application. Based on Power for Operating, the global market is distinguished into electric fire pumps, diesel fire pumps, steam turbines, and dual fire pumps. Based on Product Type, the global market is distinguished into the horizontal split case, vertical split case, vertical inline, vertical turbine, and end suction. Based on Application, the global market is distinguished into irrigation, sludge handling, wastewater, boiler feed, stormwater handling, and others.

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The global fire pump market can be segmented by product type, application, and region, each of which can provide valuable insights into the market trends and growth opportunities.

Product type segmentation:

Electric fire pumps are expected to hold the largest share of the market due to their high efficiency and low maintenance costs. Diesel fire pumps are also popular due to their reliability and durability, but may face challenges from stricter emissions regulations.

Application segmentation:

The commercial building segment is expected to hold the largest share of the market due to the increasing construction of office buildings, hotels, and other commercial facilities. The residential building segment is also expected to see significant growth due to the increasing awareness of fire safety in homes.

The global Fire Pump market is segmented as follows:

By Power for Operating

• electric fire pumps

• diesel fire pumps

• steam turbine

• dual fire pumps

By Product Type

• horizontal split case

• vertical split case

• vertical in line

• vertical turbine

• end suction

By Application

• irrigation

• sludge handling

• wastewater

• boiler feed

• stormwater handling

• others

Browse the full “Fire Pump Market By Power For Operating (Electric Fire Pumps, Diesel Fire Pumps, Steam Turbines, And Dual Fire Pumps). By Product Type (Horizontal Split Case, Vertical Split Case, Vertical Inline, Vertical Turbine, And End Suction). By Application (Irrigation, Sludge Handling, Wastewater, Boiler Feed, Stormwater Handling, And Others). And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022-2028” Report at https://www.zionmarketresearch.com/report/fire-pump-market

Competitive Landscape

Some of the main competitors dominating the global Fire Pump market include –

• Pentair

• Grundfos

• Flowserve

• Sulzer

• Rosenbauer

• IDEX

• Ebara

• Waterous

• ITT

• KSB

• WILO

• Darley

• SHIBAURA

• Shanghai Kaiquan

• Panda Group

• LIANCHENG Group

• CNP

• PACIFIC PUMP

• Shaanxi Aerospace Power

• EAST PUMP

• ZHONGQUAN Pump

• GeXin Pump

Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Fire Pump market is likely to expand at a CAGR of around 4.5% during the forecast period (2022-2028).

• In terms of revenue, the Fire Pump market size was valued at around US$ 1625 million in 2021 and is projected to reach US$ 2225 million by 2028.

• It is anticipated that the largest share of the market will be held by electric fire pumps because of the high efficiency and low maintenance costs of these pumps.

• As a result of an increase in the number of office buildings, hotels, and other commercial facilities that are being constructed, it is anticipated that the commercial building sector will occupy the biggest part of the market.

• In North America, the primary industry that is responsible for driving the usage of fire pumps is the industrial sector.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Fire Pump industry?

• What are the main driving factors propelling the Fire Pump Market forward?

• What are the leading companies in the Fire Pump Industry?

• What segments does the Fire Pump Market cover?

• How can I receive a free copy of the Fire Pump Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2028

• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

• Market Segmentation – A detailed analysis By Power for Operating, By Product Type, By Application, and By Region

• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The industrial sector in North America is the primary driver of fire pump usage. Due to their widespread use in industries such as mining and construction, the United States and Canada are key markets for diesel-powered pumps in this region. Due to its abundant availability at low rates, gasoline engine power dominates the market in the region. Gasoline engines provide more energy than electric motors or diesel engines, making them more suited for commercial applications where water supply demands fluctuate considerably throughout the day. Thus, driving the market in the forecast period.

During the projection period, the Asia Pacific region is expected to increase at a significant rate. The Asia-Pacific area offers significant growth potential, with South Asia having the highest number of industrial and residential fire threats. The majority of these occurrences take place in India and Bangladesh. This is mostly due to hazardous working conditions in industries with insufficient fire-fighting equipment. Most factories lack even basic fire extinguishers and exits, resulting in countless fatalities on a yearly basis. In addition, the government has increased expenditure on fire pumps in order to improve working conditions and safeguard the safety of its employees. The above-mentioned factors will propel the growth of the market.

By Region

• North America

  • U.S.

  • Canada

  • Rest of North America

• Europe

  • France

  • UK

  • Spain

  • Germany

  • Italy

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Rest of Asia Pacific

• The Middle East & Africa

  • Saudi Arabia

  • South Africa

  • Rest of the Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Recent Developments

The global fire pump market has seen several recent developments, including:

Advancements in technology: Manufacturers are constantly developing new and advanced fire pumps with features such as remote monitoring and control, variable frequency drive, and smart controls, which can improve their performance and efficiency.

Growing demand for smart fire pumps: The increasing use of smart technology in fire pumps is providing new opportunities for market players to expand their offerings and improve their competitiveness.

Increasing awareness of fire safety: Governments and organizations worldwide are increasing their efforts to promote fire safety and awareness, which is driving demand for fire pumps and related products.

Growing construction industry: The construction industry is a major end-user of fire pumps, and the increasing construction of commercial and residential buildings is driving demand for fire pumps.

Stringent building codes: Stringent building codes and regulations are also driving demand for fire pumps as they are mandatory for new constructions.

FREQUENTLY ASKED QUESTIONS

• Which key factors will influence Fire Pump Market growth over 2022-2028?

• What will be the value of the Fire Pump Market during 2022-2028?

• Which region will contribute notably towards the Fire Pump Market value?

• Which are the major players leveraging the Fire Pump Market growth?

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