Fire Pump Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2020-2030

As manufacturing industries expand, fire hazards at industrial sites have heightened in equal proportion. The risks of fire outbreaks are especially high across chemical manufacturing, petroleum extraction and oil & gas industries.According to estimates by the International Association of Fire and Rescue Services, there were more than 1.3 million cases of fires reported in the United States and nearly 3 million cases in France respectively.

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Furthermore, fire hazards resulted in direct economic losses amounting to US$ 23 billion as of 2016. On the back of these trends, the demand for fire pumps across these sectors is anticipated to be the maximum in the next half-a-decade’s forecast period.

Competitive Landscape
Some prominent market players in the fire pump market include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg Inc, Eaton, Waterous, NAFFCO, Armstrong Fluid Technology and Canariis Corporation. Acquisition of certifications, product launches and research and development are the key expansion strategies resorted to by the vendors.
For instance, CET Fire Pumps Mfg Ltd., manufactures the PFP-9HPNHND-EM High-Volume Portable Fire Pump, the PFP-9HPHND-M and PFP-9HP-DSL pumps. Likewise, Waterous manufactures the PB18 and E500 portable fire pumps.

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Regional Insights
Amongst all the regions profiled in this report, the North American fire pumps market is expected to remain the hegemon throughout the forecast period. Growth is majorly attributed to a rise in fire accidents across the industrial and residential sectors.

According to the National Fire Protection Association, in 2018, the U.S fire departments responded to approximately 1.3 billion fire incidents, which resulted in over 3,500 civilian fatalities and over 15,000 injuries.
A loss of US$ 25.6 billion in property was recorded, most of them arising from the Californian wildfires. This has prompted government agencies to augur their spending on fire safety measures.

Report Highlights
• The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
• The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
• The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segment:
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

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This release was published on openPR.