[Latest] Global Fire Pump Market Size/Share Worth USD

Sandy, Utah, USA, Feb. 15, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Fire Pump Market Size, Trends and Insights by Power (Electric, Diesel, Gasoline, Others), By Application (Industry Application, Commercial Application, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for Global Fire Pump Market size & share was valued at approximately USD 519.23 Million in 2021 and is expected to reach USD 540.23 Million in 2022 and expected to reach a value of around USD 708.23 Million by 2030, at a compound annual growth rate (CAGR) of about 4.2% during the forecast period 2022 to 2030.”

In places with low-pressure natural gas lines and/or high-pressure service station shut-off valves during crises, this pressured flow is often diverted through hose connections onboard emergency vehicles to provide the necessary volumes for combating fires. Fire pumps also prevent the loss of hydrostatic heads by using open conduit systems that limit the maximum pumping speeds owing to variations in static elevation between various water sources.

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Fire pumps are used to maintain the needed water pressure in the sprinklers and standpipes during a fire. It is a particular kind of specialized motor-driven application that is crucial to the operation of building security systems. Soon, growing industrialization is predicted to benefit from the requirement for a fire pump.

A spike in accidents over the past several years has increased the need for fire pumps in both residential and manufacturing settings. Throughout the anticipated timeframe, increased demand for fire pumps is expected to be caused by ongoing global industrialization. A rise in the industrial sector is anticipated to be prompted by the need for fire pumps.

(A free sample of the Fire Pump report is available upon request; please contact us for more information.)

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• Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated
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• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Fire Pump report has been modified to include the COVID-19 impact study prior to delivery.)

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Market Dynamics Drivers

The expanding industrial sector is projected to increase demand for fire pumps, driving growth in the worldwide market for fire pumps during the forecast period. The oil and gas industry, which is anticipated to grow considerably soon, will serve as another major market driver for fire pumps. Firms worldwide are being compelled to invest in human resource safety measures by strict rules and regulations. In the upcoming years, this aspect is also probably going to help fire pumps become more widely used.

The global market for fire pumps is also anticipated to gain from the oil and gas sector’s promising pace of expansion as well as the rise in oil and gas processing, transportation, and exploration facilities throughout the globe. Due to stringent standards and laws, businesses everywhere are being obliged to invest in measures to preserve their human resources. Over the next years, it is also anticipated that this factor will support the widespread use of fire pumps. The oil and gas industry is expected to expand at a promising rate during the ensuing years, and there will likely be a rise in infrastructure for oil and gas exploration, processing, and transportation globally.

Over the next few years, digitalization and the Internet of Things will dominate industrial automation. IoT-enabled fire pumps will experience significant growth because of the desire for more sustainable options on both the supply and demand sides.

Leading companies have already adopted cloud-based fire pump monitoring solutions. Businesses may now use fire pump controllers to remotely monitor and get problem notifications for the operating characteristics and maintenance needs of their fire pumps via the Internet.

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Behind every wall of a contemporary structure is electrical wiring for electricity and lighting. Unfortunately, there is a fire danger associated with electricity. A number of electrical or lighting issues might arise, including faulty wiring, overloaded circuits, poor connections, blown fuses, uneven electrical loads, and many more, which can cause overheating or sparks that start a fire. Hence, the expansion of the fire pump market is aided by the increase in commercial fire incidents.

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Restraints.

The market’s expansion may be hampered by the lower adoption of fire pumps in emerging nations. Additionally, the increased expense involved with putting the fire pump into use might hinder market expansion. Many industries compromised their safety standards due to costs associated with their operations and installations. The installation of Fire pumps carelessly by management might hinder the market’s growth. Additionally, a lack of understanding about how to use fire pumps may hurt the market’s expansion.

Opportunities.

It is intended to include new technology into new fire pump machines to further improve them, such as an artificial fire pump system with several sensors that can assess and react appropriately without human assistance. It reduces the amount of time needed to solve the problem. New prospects for the fire pump market are anticipated to be driven by the advantages and viability of the related factors.

Challenges.

NFPA 25 mandates churn testing for the majority of electric fire pumps and weekly testing for diesel fire pumps. To make sure the fire pumps are operating correctly, technicians record pressure gauge readings, examine packing glands for discharge, tighten gland nuts, listen for unusual noises, and do other activities. Users have consistently complained about the high maintenance costs, especially for diesel fire pump systems, which have a negative effect on the market’s demand for fire pumps.

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Report Highlights.

On the basis of power for operating, the electric category is expected to grow at the greatest CAGR is and projected to be in a dominant position in the future due to the low cost associated with its operations. Compared to other pumps, such as diesel pumps, electric fire pumps will get the advantage of having more operational power. Electric pumps are far less expensive than diesel pumps, which is a key distinction between the two types of pumps. Diesel pumps require weekly run tests and routine checks of their batteries, oil intake, cooling system, engine, and hoses, whereas electrical pumps need specialized maintenance and may have high electricity bills. As a result, electric pumps are given a higher status, which raises demand throughout the course.

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On the basis of application, the industry segment is the leading segment and is expected to make the largest contribution to the fire pump market. Fire pumps are used by the industry to deliver water for cooling purposes. The temperatures used to produce the fire and fuel are high enough to boil any nearby liquid, which may then be used as a coolant. It also has excellent heat-absorbing qualities; when more air is drawn into its path, it releases the heat it has absorbed, reducing overheating in the engine compartment. This makes them particularly valuable assets in large fires or other emergency circumstances when equipment can overheat if not continuously used.

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/fire-pump-market/

Regional Snapshots.

North America held a dominant position and is predicted to be in the dominating state during the forecast period in the fire pump market. North America is anticipated to increase steadily due to the end-use sectors’ slow expansion. In addition, the region’s fire pump market has tremendous development potential during the time covered by the research due to the region’s well-established oil and gas industry. Additionally, the market expansion is anticipated to be enhanced by the rising accessibility of IoT-enabled pump controllers. Construction of new warehouse facilities and an increase in the sales of fire safety equipment are both being sparked by the expanding global warehouse inventory across all sectors and manufacturing sites. Fire pump installations are growing as a result in this region.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 519.23 million
Projected Market Size in 2030	USD 708.23 million
CAGR Growth Rate	4.2% CAGR
Base Year	2021
Forecast Period	2022-2030
Prominent Players	Pentair Plc., Cet Fire Pumps MFG Inc, Shaanxi Aerospace Power Hi-Tech Co. Ltd, Ebara Corporation, Grundfos Pumps Corporation, Canariis Corporation, Xylem Inc, Liancheng Group, Shanghai Zhong Quan Pump Manufacturing Co. Ltd, Sulzer Saudi Pump Company LLC., and Others
Key Segment	By Power, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Key market players in the Fire Pump Market

• Pentair Plc.
• Cet Fire Pumps MFG Inc
• Shaanxi Aerospace Power Hi-Tech Co. Ltd
• Ebara Corporation
• Grundfos Pumps Corporation
• Canariis Corporation
• Xylem, Inc
• Liancheng Group
• Shanghai Zhong Quan Pump Manufacturing Co. Ltd
• Sulzer Saudi Pump Company LLC.

Recent developments.

• Ken’s Beverage, Inc. (KBI), a supplier of beverage equipment and services to commercial clients, has entered into a formal agreement to be acquired by Pentair plc, a global developer of water treatment and sustainable solutions, in April 2021.

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Segments covered in the report

By Power

• Electric
• Diesel
• Gasoline
• Others

By Application

• Industry Application
• Commercial Application
• Others

On the basis of Geography

North America

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Fire Pump Market Research/Analysis Report Contains Answers to the following Questions.

• Which Manufacturing Technology is used for Fire Pump? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Fire Pump Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Fire Pump Market? What Was the Capacity, Production Value, Cost and PROFIT of the Fire Pump Market?
• What Is the Current Market Status of the Fire Pump Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Fire Pump Market by Considering Applications and Types?
• What Are Projections of the Global Fire Pump Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Fire Pump Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Fire Pump Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Fire Pump Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Fire Pump Industry?

Click Here to Get a Free Sample Report of the Global Fire Pump Market @https://www.custommarketinsights.com/report/fire-pump-market/

Reasons to Purchase Fire Pump Market Report

• Fire Pump Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Fire Pump Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Fire Pump Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Fire Pump Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Fire Pump market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Fire Pump market analysis.

• The competitive environment of current and potential participants in the Fire Pump market is covered in the report, as well as those companies’ strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

•  Participants and stakeholders worldwide Fire Pump market should find this report useful. The research will be useful to all market participants in the Fire Pump industry.

•  Managers in the Fire Pump sector are interested in publishing up-to-date and projected data about the worldwide Fire Pump market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Fire Pump products’ market trends.

•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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