Global Fire Pump Market 2023 - 2028: Market Trends

The Global Fire Pump Market size was valued at around USD 1.5 billion during 2022 & is projected to grow at a CAGR of around 7.57% during the forecast period, i.e., 2023-28.
Global Fire Pump Market Dynamics:
Expansion of the Commercial Sector to Drive the Demand for Fire Pumps – The demand for fire pumps has been steadily growing in the commercial sector across the globe over the past few years. The market received a boost after the strict government regulation introduced by different countries, such as the US, India, Japan, etc., to mandate the installation of fire pumps at commercial sites.
The growth of corporate offices across sectors, including IT, hospitality, healthcare, etc., in nations like the US, China, India, Southeast Asia, the Middle East, and others have been consistently amplifying the demand for fire pumps. In the past few years, the GCC & APAC region has emerged as the preferred destination for establishing data centers. This was due to the constant push by the governments of countries like the UAE, Qatar, Saudi Arabia, India, South Korea, etc., to establish their countries as digital hubs & store government-specified data effectively.
Moreover, there has been a rising inclination of IT giants like Google, Amazon Web Services, and many more to expand their offices across countries like India, Mexico, Saudi Arabia, the UAE, etc. Hence, the expansion of the IT industry across different countries is anticipated to escalate the demand for fire pumps in the commercial sector in the forecasted years as well, therefore driving market growth.
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Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Fire Pump Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2022
-Historical Period: 2018 to 2021
-Forecast Period: 2023-28
- By Mode of Operation
- Diesel Fire Pump - Market Size & Forecast 2018-2028, (USD Million)
- Steam Turbine - Market Size & Forecast 2018-2028, (USD Million)
- Electric Fire Pump - Market Size & Forecast 2018-2028, (USD Million)
- Dual Fire Pump - Market Size & Forecast 2018-2028, (USD Million)
- By Product Type
- Horizontal Split Case- Market Size & Forecast 2018-2028, (USD Million)
- Vertical Split Case- Market Size & Forecast 2018-2028, (USD Million)
- Vertical Turbine- Market Size & Forecast 2018-2028, (USD Million)
- Vertical In-line- Market Size & Forecast 2018-2028, (USD Million)
- End Suction- Market Size & Forecast 2018-2028, (USD Million)
- By End Users
- Residential - Market Size & Forecast 2018-2028, (USD Million)
- Commercial- Market Size & Forecast 2018-2028, (USD Million)
- Industrial- Market Size & Forecast 2018-2028, (USD Million)
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Flowserve, Sulzer, Pentair, Grundfos, IDEX, Ebara, Roserbauer, ITT, KSB, WILO, Others (Waterous, Shibaura, etc)
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