Global Fire Pump Market Report and Forecast 2024-2032

Global Fire Pump Market Outlook

The global fire pump market size reached approximately USD 1156.10 million in 2023. The market is further projected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of USD 1674.01 million by 2032.

Key Trends in the Market

Fire pumps refer to water-based fire protection systems that distribute water through the sprinkler systems so that buildings are protected in case of a fire. They operate by increasing the pressure and taking the water available from the source, the stored energy aids the distribution of water.

• The rising efforts of various governments towards the implementation of fire safety protocols is boosting the fire pump market growth. The increasing strictness of the fire safety standards include maintenance and installation of adequate firefighting equipment, including fire pumps and construction of multiple fire exits.

• Increasing fire incidences in residential and industrial settings is supporting the market expansion. The rapid expansion of the industrial sector has propelled the requirement for firefighting solutions in high-risk hazard sectors including oil and gas and chemical, among others.

• Increasing technological advancements including integration of fire pumps with artificial intelligence and internet of things along with incorporation of sensors and the ability to assess and respond appropriately without human intervention are offering lucrative growth opportunities to the market.

Global Fire Pump Market Analysis

On the basis of product type, the market is divided into vertical split case, horizontal split case, vertical in-line, vertical turbine, and end suction. Based on powered basis, the market is classified into electric, gasoline, and diesel, among others.

On the basis of application, the market is categorised into commercial application, field emergency, and industry application, among others. Based on region, the fire pump market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Canariis Corporation 

• Pentair Plc 

• C.E.T Fire Pumps MFG inc. 

• Shanghai Zhong Quan Pump Manufacturing Co., Ltd. 

• Sulzer Management Ltd. 

• Liancheng Group 

• Armstrong Fluid Technology 

• Xylem Inc. 

• Waterous Company 

• C.R.I. Pumps Private Limited 

• Others

Market Share by Application

Industry applications are expected to account for a significant fire pump market share. The selection of fire pumps for industrial applications is done after the assessment of the standards and codes by the fire safety consultants and are dependent upon various factors including local statutory requirements, type of project, and geographic location. Fire pumps are essential for ensuring the safety of the employees and of the property and are also considered as an essential component of the fire protection system of the building.

Market Share by Region

North America is anticipated to account for a significant share of the market over the forecast period. This growth can be attributed to the expansion of the residential and industrial sectors in the region. The increasing strictness of the building codes due to rising population concentration is boosting the fire pump market demand. Due to the rapid expansion of the e-commerce sector in the region, the construction of warehouses is increasing, boosting the sales of fire safety equipment, including fire pumps.

Competitive Landscape

Canariis Corporation is one of the leading manufacturers of high-quality packaged systems for fire pump, boiler plant, and chiller plant applications, among others. The company is dedicated towards designing, manufacturing, and delivering pumping systems that meet the expectations of their customers.

Pentair Plc, headquartered in London, United Kingdom, is an industrial machinery manufacturing company that specialises in providing food and beverage processing, irrigation management, and carbon capture solutions, among others. The company was founded in 1966.

Sulzer Management Ltd. specialises in energy efficient mixing, pumping, purification, agitation, polymerisation, and crystallisation technologies for different types of fluids. The company was founded in 1834 and is headquartered in Winterthur, Switzerland.

Other fire pump market key players include C.E.T Fire Pumps MFG inc., Shanghai Zhong Quan Pump Manufacturing Co., Ltd., Liancheng Group, Armstrong Fluid Technology, Xylem Inc., Waterous Company, and C.R.I. Pumps Private Limited, among others.

Key Highlights of the Report