Fire Pumps Market Opportunities, Business Forecast To 2028

The global fire pumps market size was valued at USD 8,476.9 million in 2021 and is poised to grow at a significant CAGR of 3.8% during the forecast period from 2022 to 2028. Fire pumps play a crucial role in maintaining the required water pressure in sprinklers and standpipes during a fire. They are specialized motor-driven applications that are essential for the proper functioning of building security systems. As industrialization continues to grow, the demand for fire pumps is expected to increase, particularly in manufacturing settings. In recent years, there has been a significant increase in accidents, highlighting the need for fire pumps in both residential and industrial environments. This trend is expected to continue, with ongoing global industrialization driving the demand for fire pumps. As the industrial sector expands, there will be a growing requirement for fire pumps to ensure the safety and protection of buildings and their occupants.

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Fire Pumps Market Growth Factors:
Industries such as oil & gas, petrochemical, manufacturing, energy & power, and automotive are particularly vulnerable to fire outbreaks, leading to a high demand for fire pumps in these sectors. Manufacturers are continually striving to enhance fire pump capabilities by introducing new features, such as programming them to reduce water output time in emergency situations.
However, the COVID-19 pandemic had a negative impact on the fire pump market, resulting in decreased sales and demand for the product. As construction and other industries return to full operation following the pandemic decline, it is expected that demand for fire pumps will increase once again.
To further improve fire pump performance, new technologies are being developed, such as an artificial fire pump system equipped with multiple sensors that can analyze and respond to fire outbreaks automatically, without human intervention. This advanced technology can significantly reduce response times and ensure more efficient handling of fire emergencies.

The global fire pumps market segmentation:
1) By Power for Operating: Electric Fire Pumps, Diesel Fire Pumps, Steam Turbine, Dual Fire Pumps.
2) Product Type: Horizontal Split Case, Vertical Split Case, Vertical in Line, Vertical Turbine, End Suction.
3) Application: Irrigation, Sludge Handling, Wastewater, Boiler Feed, Stormwater Handling Others.

Fire Pumps Market Regional Analysis:
North America is currently the dominant region in the fire pump market and is expected to maintain its leading position during the forecast period. The region's steady growth can be attributed to the slow expansion of end-use sectors, as well as the well-established oil and gas industry that presents significant development potential for the fire pump market.

Furthermore, the market is expected to experience further growth due to the increasing availability of IoT-enabled pump controllers, which can enhance the efficiency and effectiveness of fire pump systems.

The expanding global warehouse inventory across all sectors and manufacturing sites has also led to the construction of new warehouse facilities and an increase in sales of fire safety equipment, including fire pumps. As a result, fire pump installations are on the rise in North America.

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Key players in the fire pumps market Pentair, Grundfos, Flowserve, Sulzer, Rosenbauer, IDEX, Ebara, Waterous, ITT, KSB, WILO, Darley, SHIBAURA, Shanghai Kaiquan

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