Rise in Incidence of Fire at Manufacturing Industries & Residential Areas Expected to Drive World Fire Pump Market over the Forecast Period: Ken Research

Fire pump is a fire fighting apparatus, easily transported to a fire scene & quickly made operational to provide large quantities of water onto the fire. In addition, fire pump is a fragment of fire sprinkler system’s water supplies which is powered by electric, diesel or steam. It is designed for increasing the pressure or energy of the water. It is usually connected with the public underground water supply pipe or any static water source for instance tank, reservoir, and lake. It starts working when the fire sprinkler’s pressure drops below a threshold or certain set point. The pumps are required when the water supply cannot provide appropriate pressure to meet the hydraulic design requirements of fire protection system. Additionally, it is needed if the water supply is provided from a ground level water tank. Most of the fire pumps are listed tested and certified by the accredited laboratories & authorized institutions.

According to study, “World Fire Pump Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world fire pump market are Pentair Ltd., Ebara, Grundfos Pumps Corp., ITT, Rosenbauer, IDEX, WILO, Waterous, Sulzer, KSB, Xylem Inc., Armstrong Fluid Technology, FLOWSERVE, SHIBAURA, Darley, Panda Group, Talco Fire Systems, Shanghai Kaiquan, Shaanxi Aerospace Power, Cet Fire Pumps MFG Inc., Eaton, NAFFCO, Liancheng Group, Canariis Corp., CNP, East Pump, Pacific Pump, Zhongquan Pump, GeXin Pump, Donghang Pump. The key companies are emphasizing on research and development (R&D) and new product development in order to preserve the competitive advantage in global fire pump market during the forecast period. Additionally, companies are looking for certification in order to increase the product portfolio and augment the sales strategies.

Global Fire Pump Market

Based on type, fire pump market is segmented into diesel engine power, electric motor power, gasoline engine power and others. Based on drive power, market is segmented into petrol engine, diesel engine and electric motors. Petrol motors are normally used for portable fire pump & light duty firefighting. Based on type of fire services, market is segmented into vertical split case, horizontal split case, vertical inline, end suction and vertical turbine. Based on product, market is segmented into motor fire pump, marine fire pump, vehicle fire pump and engineering-oriented fire pump. Based on application, market is segmented into irrigation, wastewater, sludge handling, boiler feed &storm water handling and others. In addition, based on end-users, market is segmented into chemical plants & buildings, fire truck, forestry used, home used & public used, boat & submarine and others.

The fire pump market is driven by rise in incidence of fire at manufacturing industries & residential areas, followed by growth in industrialization, increase in number of the manufacturing sectors, emerge in economies, increase in population and vast rise in establishment of urban settings.

Based on geography, the North-American region holds major share, followed by European region in fire pump market owing to rise in cases of fire accidents in the region. China and India countries are expected to witness significant growth due to increase in number of government organizations and strict rules & regulations along with the fire safety measures over the forecast period. It is anticipated that the market will be reached at US $1600 million, by 2024, at a CAGR of 3.2%.

For more information on the research report, refer to below link:-

Global Fire Pump Market

Related Report:-

Global Fire Pump Market Status and Future Forecast 2015-2024

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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