Fire Pump Market Size, Share, Manufacturers 2030

Fire Pump Market

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

Category: Consumer Goods Report Format : PDF Pages: 147 Report Code: ZMR-1677 Published Date: May-2022 Status : Published

Global Fire Pump Market was worth around USD 1625 million in 2021 and is estimated to grow to about USD 2225 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5% over the forecast period. Fire Pump industry share by Product Type, Application, Power for Operating and Region.

Industry Prospective:

The Fire Pump Market was worth around USD 1625 million in 2021 and is estimated to grow to about USD 2225 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5% over the forecast period. The report analyzes the Fire Pump Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Fire Pump Market.

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Fire Pump Market: Overview

A fire pump is a component of a fire sprinkler system's water supply that can be powered by electricity, diesel, or steam. A static water source (tank, lake, and reservoir) or underground water supply piping is connected to the fire pump. The worldwide fire pump market is being driven by two key factors: rising population and an increase in natural disasters. In addition, the expansion is also fuelled by rising energy consumption and developing economies. The market is developing due to the increasing use of fire pump technology in commercial applications such as industrial plants, airports, and terminals. Demand for these products is expected to rise as the world becomes more industrialized. In the foreseeable future, rapid industrialization is likely to boost demand for fire pumps. Moreover, the market is being driven by an increase in global building and infrastructure development activities, as well as the increased availability of IoT-enabled pump controllers.

Covid-19 Impact

During the pandemic, the global fire pump market suffered a significant setback. This can be attributed to substantial interruptions in their respective production and supply-chain activities as a result of numerous precautionary lockdowns and other restrictions implemented by governments worldwide. Furthermore, consumer demand has reduced as individuals are now more focused on cutting non-essential costs from their budgets since the epidemic has negatively impacted the general economic status of the majority of people. Over the forecast period, the aforementioned factors are likely to weigh on the worldwide Fire Pump market's revenue trajectory. However, the global Fire Pump market is likely to rebound as regional government agencies begin to lift these enforced lockdowns.

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Fire Pump Market: Driver

The growing industrial sector is likely to boost demand for fire pumps, propelling the global fire pumps market forward throughout the forecast period. Another driving driver for the fire pumps market will be the oil and gas industry, which is predicted to increase significantly in the near future. Strict norms and laws are forcing firms all over the world to invest in human resource safety measures.

This element is also likely to aid in the global adoption of fire pumps in the coming years. The promising rate of growth of the oil and gas industry, as well as the increase in oil and gas exploration, processing, and transportation facilities throughout the world, are also projected to benefit the worldwide fire pump market in the coming years. Industries all over the world are being forced to invest in steps to protect their human resources due to strict standards and regulations. This element is also predicted to aid in the global adoption of fire pumps over the next several years. In the coming years, the worldwide fire pump market is likely to benefit from the promising pace of expansion of the oil and gas sector, as well as an increase in oil and gas exploration, processing, and transportation facilities around the world.

Fire Pump Market: Restraint

The less adoption of fire pumps in developing countries could stifle the market's growth. In addition, the higher cost associated with the implementation of the Fire pump may impact the growth of the market. The negligence of managerial staff in the implementation of Fire pumps may pose a hurdle to the growth of the market. Moreover, the lack of knowledge about using the Fire pumps will negatively affect the market growth.

Fire Pump Market: Segmentation

The Fire Pump Market is segregated based on Power for Operating, Product Type, and Application.

By Power for Operating, the market is classified into electric fire pumps, diesel fire pumps, steam turbines, and dual fire pumps. Electric fire pumps will acquire the advantage of operating power over other pumps, such as diesel pumps. The cost factor is a crucial difference between electric and diesel pumps, with the former being far less expensive than the latter. While electrical pumps require specialized maintenance and may incur large electrical costs, diesel pumps require weekly run tests and regular inspections of their batteries, oil intake, cooling system, engine, and hoses. This elevates electric pumps to a higher status, resulting in increased demand throughout the anticipated period. However, in recent years, the use of multiple fire pumps has increased. It's ideal to have a pump that can run on both electricity and fuel. When there is a power outage, customers may easily switch to the diesel model, which keeps the device operating in the event of an emergency.

By Application, the market is classified into irrigation, sludge handling, wastewater, boiler feed, stormwater handling, and others. Industry uses fire pumps to supply water for cooling applications. The fire and fuel production temperatures are high enough to boil any accessible liquid, which can subsequently be employed as a coolant. It also has great heat-absorbing characteristics; as more air is sucked into its route, it releases the heat it has absorbed, preventing overheating in the engine compartment. This makes them extremely significant assets in major fires or emergency situations where equipment may overheat if not used constantly. In commercial applications, fire pumps are utilized to restore water supply and pressure. They will assure the availability of large amounts of water for extinguishing flames in the case of a fire by pumping it through pressurized pipes from lakes or streams in the danger region.

Fire Pump Market Report Scope:

Report Attributes Report Details
Report Name Fire Pump Market Research Report
Market Size in 2021 USD 1625 million
Market Forecast in 2028 USD 2225 million
Compound Annual Growth Rate CAGR of 4.5%
Number of Pages 183
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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
Segments Covered By Power for Operating, By Product Type, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2018 - 2022
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Landscape

Throughout the projected period, North America is expected to dominate the worldwide fire pump market. Due to sluggish growth in end-use industries, North America is expected to grow at a steady pace. In addition, Due to the well-established oil and gas industry, the fire pumps market has significant growth opportunities over the report's projected period in the region. Moreover, the increased availability of IoT-enabled pump controllers is expected to enhance the market growth.

The Asia Pacific region is predicted to grow at a substantial rate during the projection period. The Asia-Pacific region has a lot of room for expansion, with South Asia having the most industrial and residential fire dangers. This is primarily due to dangerous working conditions in industries with inadequate firefighting equipment. Furthermore, the government has boosted spending on fire pumps in order to improve working conditions and ensure employee safety. The market's expansion will be fueled by the factors listed above.

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Competitive Landscape

Some of the main competitors dominating the 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.

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The worldwide fire pump market is being driven by two key factors: rising population and an increase in natural disasters. In addition, the expansion is also fuelled by rising energy consumption and developing economies.

According to the Market Research report, the global Fire Pump Market was worth about 1625 (USD million) in 2021 and is predicted to grow to around 2225 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 4.5%.

Throughout the projected period, North America is expected to dominate the worldwide fire pump market. Due to sluggish growth in end-use industries, North America is expected to grow at a steady pace. In addition, Due to the well-established oil and gas industry, the fire pumps market has significant growth opportunities over the report's projected period in the region. Moreover, the increased availability of IoT-enabled pump controllers is expected to enhance the market growth.

Some of the main competitors dominating the 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.

 

The Fire Pump Market was worth around USD 1625 million in 2021 and is estimated to grow to about USD 2225 million by 2028

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