According to a new report by Expert Market Research titled, “Global Fire Pump Market Share, Size, Report and Forecast 2024-2032″, the global fire pump market size reached a value of USD 1156.10 million in 2023. Aided by the escalating demand for fire safety measures across various sectors and the stringent regulations mandating fire safety compliance, the market is projected to further grow at a CAGR of 4.20% between 2024 and 2032 to reach a value of USD 1674.01 million by 2032.
Fire pumps are critical components of fire sprinkler systems, designed to increase the water pressure within the fire protection piping, ensuring an adequate water flow to combat fires effectively. The primary function of a fire pump is to increase the pressure and flow rate of water from a water source, such as a municipal water supply, water storage tank, or natural water body, to meet the hydraulic requirements of fire protection systems.
These pumps are essential in residential, commercial, and industrial buildings, especially in areas where the water pressure is insufficient for fire suppression activities. The fire pump market growth is significantly driven by the increasing construction activities globally, coupled with the heightened awareness regarding fire safety. The advent of technologically advanced fire pumps, which offer enhanced efficiency, reliability, and integration capabilities with existing fire protection systems, is a key factor contributing to the market expansion. Innovations such as smart monitoring systems and automatic control panels have influenced the market, providing users with real-time data on the system’s performance and enabling quick responses to any operational issues.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/fire-pump-market/requestsample
The fire pump market expansion is further buoyed by the diverse applications across multiple industrial sectors. In the oil and gas sector, fire pumps are indispensable for ensuring the safety of highly flammable environments. The manufacturing sector relies on fire pumps to protect machinery and inventory from fire damage, while the commercial sector installs them in office buildings, shopping centres, and hotels to safeguard lives and property. Additionally, the residential sector has seen a growing adoption of fire pumps in multi-story buildings and complexes, driven by the increasing emphasis on resident safety and stringent building codes.
As per the fire pump market outlook, there is a growing preference for electric fire pumps over diesel-powered pumps due to factors such as environmental concerns, energy efficiency, and regulatory requirements. Electric pumps offer lower emissions, reduced fuel consumption, and quieter operation, making them suitable for indoor applications and environmentally sensitive areas.
Variable speed drive (VSD) technology is being increasingly used in fire pump systems to optimise energy efficiency and system performance. VSDs in the fire pump market allow pumps to adjust their speed and flow rate based on real-time demand, reducing energy consumption, extending equipment life, and providing greater flexibility in system design and operation. Reliability and redundancy are paramount in fire pump systems to ensure continuous operation during fire emergencies. Manufacturers are designing fire pump systems with redundant components, backup power sources, and fail-safe mechanisms to minimize the risk of pump failure and maintain water supply to fire protection systems under all conditions.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/fire-pump-market
According to the fire pump market analysis, regulatory bodies worldwide have established strict guidelines and standards for fire safety, mandating the installation of fire pumps in buildings exceeding certain heights or areas. These regulations, aimed at minimising fire-related hazards, have significantly propelled the demand for fire pumps. Compliance with these standards is not just a legal requirement but also a critical measure to ensure the safety of occupants and assets.
The market is witnessing global expansion and market penetration as companies seek to capitalise on opportunities in emerging economies and untapped market segments which can boost the fire pump market share. Growth in urbanisation, industrialisation, and infrastructure development in regions such as Asia-Pacific, Latin America, and the Middle East presents opportunities for fire pump manufacturers to expand their presence and customer base.
Market Segmentation
The market can be divided based on product type, powered basis, application, and region.
Market Breakup by Product Type
• Vertical Split Case
• Horizontal Split Case
• Vertical In-Line
• Vertical Turbine
• End Suction
Market Breakup by Powered Basis
• Electric
• Gasoline
• Diesel
• Others
Market Breakup by Application
• Commercial Application
• Field Emergency
• Industry Application
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global fire pump market. Some of the major players explored in the report by Expert Market Research are as follows:
• Canariis Corporation
• Pentair Plc
• C.E.T Fire Pumps MFG inc.
• Shanghai Zhong Quan Pump Manufacturing Co., Ltd.
• Sulzer Management Ltd.
• Liancheng Group
• Armstrong Fluid Technology
• Xylem Inc.
• Waterous Company
• C.R.I. Pumps Private Limited
• Others
Read Trending Reports
Polypropylene Market: https://www.expertmarketresearch.com/reports/polypropylene-market
Whey Protein Concentrate Market: https://www.expertmarketresearch.com/reports/whey-protein-concentrate-market
Photonic Integrated Circuits (PIC) Market: https://www.expertmarketresearch.com/reports/photonic-integrated-circuits-market
Catering Services Market: https://www.expertmarketresearch.com/reports/catering-services-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au
