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Future Market Insights has announced the addition of the “Fire Pump Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026\" report to their offering.
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Rapid industrialization is expected to positively impact the demand for fire pump in the
near future. A fire pump is a part of water supply of fire sprinkler systems is run by using
electric, diesel or steam. The fire pump is connected to either a static water source (tank,
lake, and reservoir) or an underground water supply piping. Generally, it is connected
with the public underground water supply pipe or any static water source such as tank,
reservoir, and lake. The fire pump machine offers high pressure water flow to the fire
sprinkler systems. The fire pump starts working when the fire sprinkler’s pressure drops
below a certain set point (threshold). The number of fire pump should be installed
depending on the occupancy hazard and the specific fire installation standard. Most of
the fire pumps are listed, tested, certified by the accredited laboratories and authorized
institutions. According to various research reports, the fire pumps market is anticipated
to increase at a significant rate over the forecast period.
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Global Fire Pump Market Dynamics:
Increasing incidences of fire at manufacturing facilities and residential areas has
increased the demand for fire pumps in the recent few years. The growing
industrialization across the globe is expected to drive the demand for fire pumps over the
forecast period. The increasing manufacturing sector is expected to increase the demand
for fire pumps, which in turn is expected to drive the global fire pumps market over the
forecast period. The oil & gas industry is expected to witness substantial growth in the
near future, will be another driving factor for fire pumps market.
Global Fire Pump Market Segmentation:
The global fire pump is segmented on the basis of power for operating as electric fire
pumps, diesel fire pumps, steam turbine and dual fire pumps. The global fire pump
market can also be segmented on the basis of product type as horizontal split case,
vertical split case, and vertical in line, vertical turbine and end suction.
The global fire pump market can also be segmented on the basis of application as
irrigation, sludge handling, wastewater, boiler feed and stormwater handling and others.
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Global Fire Pump Market: Regional Outlook:
The global fire pump market can be segmented on the basis of geography as North
America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle
East and Africa. North America is expected to dominate the global fire pumps market
throughout the forecast period. Moreover, Europe is also anticipated to contribute a
major share in the global fire pump market over 2016–2026.
However, Europe is expected to lose some share due to the high growth of Asia-Pacific
over the forecast period. North America is anticipated to witness stable growth due to
sluggish growth in end-use industries. Revenue generated from sales of fire pumps in
Middle East and Africa is also projected to increase at a high CAGR over the forecast
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Global Fire Pump Market Players
The major players identified across the value chain of global fire pump market include
Pentair Ltd., Cet Fire Pumps MFG inc., Xylem Inc., Grundfos Pumps Corporation,
Armstrong Fluid Technology, Talco Fire Systems, Waterous, NAFFCO, Canariis
Corporation, Eaton and many more. The companies are emphasizing on research and
development and new product development in order to maintain the competitive
advantage in global fire pump market during the forecast period. In order to meet the
increasing demand of fire pump, companies all over the world are looking for
certification in order to expand the product portfolio and increase the sales strategies.