Global Fire Pump Market 2024 – 2033

Reports Description

According to Research Study published by Custom Market Insights (CMI), The global fire pump market size was estimated at USD 519.23 million in 2021 and expected to reach USD 540.23 million in 2022, and is expected to hit around USD 708.23 million by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.

Fire pumps are used to draw water from a supply source, such as a pond or an outside fire hydrant, and pressurize it. In order to provide the necessary volumes for putting out fires in locations with low-pressure natural gas lines and/or high-pressure service station shut-off valves during emergencies, this pressurized flow is often delivered through hose connections onboard emergency vehicles. By using open conduit systems that limit the maximum attainable pumping rates owing to differences in static elevation between various sources of water supply, fire pumps also protect against the loss of hydrostatic head.

Fire pumps are used to maintain the necessary water pressure in the sprinklers and standpipes during a fire. Building rules also outline the locations where fire pump engines and fire pump controllers must be installed. The expanding industrial sector is projected to increase demand for fire pumps, driving growth in the worldwide market for fire pumps during the course of the forecast period.

The oil and gas industry, which is anticipated to grow considerably in the near future, will serve as another major market driver for fire pumps. Firms worldwide are being compelled to invest in human resource safety measures by strict rules and regulations. Moreover, it is anticipated that the need for a fire pump would soon positively impact fast industrialization.

The need for fire pumps in manufacturing facilities and residential areas has increased over the past few years due to an increase in accidents. Throughout the anticipated timeframe, there should be an increase in demand for fire pumps due to ongoing global industrialization. According to projections, the industrial sector will grow as a result of the need for fire pumps.

Growth Factors.

It is anticipated that the need for a fire pump would soon positively impact fast industrialization. The need for fire pumps in manufacturing facilities and residential areas has increased over the past few years due to an increase in accidents. Throughout the anticipated timeframe, there should be an increase in demand for fire pumps due to ongoing global industrialization. According to projections, the industrial sector will grow as a result of the need for fire pumps.

The petroleum and gas sectors are possibly the most vulnerable to fire hazards of any sector. Explosions brought on by the ignition of flammable vapors or gas provide a constant risk of significant damage to workers engaged in exploration and drilling. It is conceivable for trucks, wells, manufacturing equipment, and surface equipment to emit volatile gases like hydrogen sulfide. Cigarettes, lightning, static electricity, matches, fire extinguishers, heat friction, and cutting and soldering equipment may all quickly evaporate and catch fire when they are close together.

Oil and gas companies placed a significant priority on fire safety to avoid these risks, increasing spending on constructing fire pumps at various exploration facilities. Consequently, the oil and gas sector, which is predicted to see rapid growth in the near future, will act as another significant driver of the fire pump market. Due to stringent rules and regulations, businesses throughout the globe are required to invest in human resource safety measures. In the upcoming years, this aspect is also anticipated to contribute to an increase in the use of fire pumps all over the world.

Industrial automation will be dominated by digitization and the Internet of Things during the coming years. Due to the demand for more environmentally friendly choices on both the supply and demand sides, IoT-enabled fire pumps will rise significantly over the next years. Leading businesses have already embraced technologies for cloud-based fire pump monitoring. Businesses may now employ fire pump controllers to remotely monitor their fire pumps’ operational characteristics and maintenance requirements via the Internet and get trouble warnings.

The market is expanding as a result of the increasing use of fire pump technology in industrial settings including factories, terminals, and airports. A modern building has electrical wiring for lights and power behind every wall. The unfortunate truth is that electricity poses a fire risk. Faulty wiring, overloaded circuits, shoddy connections, blown fuses, unequal electrical loads, and many other electrical or lighting problems might develop and lead to overheating or sparks that start a fire. Therefore, the rise in commercial fire incidences helps the fire pump market grow.

Fire Pump Market Segmentation.

Fire Pump Market, a segment on the basis of Power

Due to its low running costs, the electric category is predicted to expand at the highest CAGR when it comes to operational power and to have a strong position going forward. Electric fire pumps have the benefit of having higher operating power as compared to conventional pumps, including diesel pumps. One significant difference between the two types of pumps is that electric pumps are far less costly than diesel pumps. The batteries, oil intake, cooling system, engine, and hoses of diesel pumps must be routinely inspected, and they must undergo weekly run tests. In contrast, electrical pumps require specialized maintenance and may have high electricity costs. Because of this, electric pumps are given a higher status, which increases demand over time.

The number of fire pumps being used has grown. It’s preferable to have a pump that can function on both gasoline and electricity. Customers may quickly switch to the diesel type during a power outage, keeping the device operating in the case of an emergency. As a result, the market’s demand for diesel-based fire pumps is increasing significantly.

Fire Pump Market, a segment on the basis of Application

According to the application, the industry sector is in the lead and is anticipated to contribute most to the market for fire pumps. Industry use fire pumps to distribute water for cooling reasons. Any surrounding liquid may be boiled at the temperatures required to create the fire and fuel, which can subsequently be utilized as a coolant. As more air is sucked into its path, it releases the heat it has absorbed, decreasing overheating in the engine compartment. It also has exceptional heat-absorbing properties. Due to the risk of equipment overheating in emergency situations like major fires or other dire situations, they become very significant assets. The importance of fire safety has made the industry segment dominant. It has been the most affected sector due to fire which makes it to be in the top of the list.

Fire pumps are used in commercial settings to reestablish water pressure and supply. By pumping water through pressured pipes from lakes or streams in the risk area, they will ensure the availability of enormous volumes of water for dousing flames in the event of a fire. The stringent regulations fuel the demand for fire pumps in the commercial sector which makes them use fire safety devices to ensure safety which leads this segment to grow at a rapid rate.

Report Scope

Regional Insights

During the projected period, North America is expected to maintain its prominent position in the market for fire pumps. The gradual development of the end-use sectors is expected to cause North America’s share to rise slowly. Additionally, the area’s developed oil and gas sector provides a significant growth opportunity for the region’s fire pump market during the study’s time period. Additionally, the growing availability of IoT-enabled pump controllers is predicted to benefit market advancement.

The growing worldwide warehouse inventory across all industries and industrial facilities is driving the construction of new warehouse facilities and a rise in fire safety equipment sales. As a result, the number of fire pump installations in this area is increasing. Moreover, with increased urbanization and infrastructural development, building rules are becoming more stringent. Increased government attention to public safety as a result of increasing population concentration has increased demand for fire pumps in North America.

Due to the existence of several large, medium-sized, and small-scale system innovators, manufacturers, and service providers, the fire pump sector is gaining speed. For greater market potential, well-known service providers and local dealers are teaming and partnering with manufacturers of fire water pumps.

In the existing oil and gas sector in the area of Europe, it is projected that the market for fire pumps would have potential growth possibilities throughout the time covered by the research. The need for fire pumps is expected to rise owing to the need for fire safety measurements.

During the forecast period, a significant rate of growth is expected for the Asia-Pacific area. South Asia has the greatest risk of industrial and residential fires in the Asia-Pacific area, which has plenty of space for growth. The main cause is hazardous working conditions in sectors with insufficient firefighting tools. In addition, the government increased expenditure on fire pumps to enhance working conditions and guarantee worker safety. The elements above will promote market growth.

Key market players in the Fire Pump Market

• Pentair Plc.
• Cet Fire Pumps MFG Inc
• Shaanxi Aerospace Power Hi-Tech Co. Ltd
• Ebara Corporation
• Grundfos Pumps Corporation
• Canariis Corporation
• Xylem, Inc
• Liancheng Group
• Shanghai Zhong Quan Pump Manufacturing Co. Ltd
• Sulzer Saudi Pump Company LLC.

Key Developments

• September 2019: The international water treatment business Pentair launched a new, more focused line of energy-efficient pumps for use in commercial buildings. The new high-performance pumps have been engineered to provide higher durability and usability for the end user, and they also surpass the U.S. Department of Energy (DOE) pump efficiency criteria that take effect in 2020.

Segments covered in the report

By Power

• Electric
• Diesel
• Gasoline
• Others

By Application

• Industry Application
• Commercial Application
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America