Global Fire Pump Market : Latest Innovations, Drivers and Industry Key Events 2018-2024

Our latest research report entitled Fire Pump Market (by type (horizontal split case, vertical split case, vertical in-line, vertical turbine, end suction), powered basis (electric, diesel, gasoline, others), application (field emergency, industry application, and commercial application)) provides complete and deep insights into the market dynamics and growth of Fire Pump.

The latest information on market risks, industry chain structure Fire Pump cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Fire Pump growth factors.

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Increasing Incidences of Fire in An Industrial and Residential Area Are One of the Key Factor Driving the Growth

The fire pump is a firefighting apparatus that can be easily transported to a fire scene and quickly made operational to deliver large quantities of water onto the fire. Additionally, a fire pump is a part of a fire sprinkler system’s water supply which is powered by diesel, electric, or steam. It is designed for, to increase the pressure or energy of the water.

The fire pump is usually connected to the external water supply and local water sources such as a well, tank, or reservoir.  The fire pump starts working when the fire sprinkler’s pressure drops below a certain set point (threshold). Fire pumps are needed when the water supply cannot provide sufficient pressure to meet the hydraulic design requirements of the fire protection system. Apart from this, it is needed if the water supply is provided from a ground-level water tank.

Increasing incidences of fire in an industrial and residential area are one of the key factor driving the growth of the global fire pump market. As per the international association of fire and rescue services, in 2016, there were 1,34,2000, and 2, 85,661 cases of fire reported in the USA and France respectively.

The fire resulted in direct economic losses of USD 23.0 billion. Thus, to prevent such a fire outbreak, governments are implementing public safety rules and regulations and setup necessary infrastructures to tackle any fire outbreak in busy spaces. Thus, will eventually increase the demand for the fire pump market. Moreover, rapid industrialization across emerging countries has led to the growth of the market.

However, less adoption of fire pumps in undeveloped countries could hamper the growth of the fire pump market. Expansion of the oil and gas sector and the rise in oil and gas exploration, transportation, and processing facilities across the globe are expected to create beneficial growth opportunities for the fire pump market in the coming year. Strict guidelines and regulations across manufacturing industries over the globe are expected to positively impact on market growth.

The Asia Pacific is Accounted to be the Fastest Growing Region

North America is expected to be the maximum share in the fire pump market. As per the U.S. Fire Administration (USFA), in 2017, there were 3,400 cases of deaths are occurred and 14,670 peoples are injured due to fire in U.S. Addition to that, there are 1,319,500 cases of fires occurred. The government initiative for fire safety will make the growth opportunities for the fire pump market. The Asia Pacific is accounted to be the fastest-growing region in the fire pump market. In the Asia Pacific region, China is the leading country generating significant growth rates in the fire pump market.

The government of China set up regulations about fire safety for economic and social development. In the Middle East region, an initiative was taken by the number of organizations for fire protection to install fire protection equipment creating opportunities for the fire pump market.

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Report on Global Fire Pump Market Covers Segments Such as Type, Powered Basis, and Application

On the basis of type, the sub-markets include horizontal split case, vertical split case, vertical in-line, vertical turbine, and end suction. On the basis of a powered basis, the sub-markets include electric, diesel, gasoline, and others. On the basis of application, the sub-markets include field emergency, industry application, and commercial application.

Competitive Analysis:

The report provides profiles of the companies in the market such as Pentair plc, Cet Fire Pumps MFG Inc, Shaanxi Aerospace Power Hi-tech Co., Ltd., Zhongquan Group Zhejiang Pump Industry Co Ltd, EBARA CORPORATION, WATEROUS, WATERAX, Talco Fire Systems, and NAFFCO, and Pentair.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-fire-pump-market

Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the Fire Pump.
  • Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
  • Comprehensive analysis of the companies operating in this market.
  • The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.