Unveiling the Future: Fire Pump Market to USD 1.5 billion during 2022 Forecast by 2028, Featuring a CAGR of 7.57% – MarkNtel Advisors

Market Overview: Fire Pump Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Fire Pump Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Fire Pump Market Insights 2023-28

The Fire Pump Market is estimated to grow at a CAGR of around 7.57% during the forecast period 2023-28.

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Driving Innovation: Exploring the Fire Pump Market and its Key Drivers

Global Fire Pump Market Driver: 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.

Top Players in the Fire Pump Market:

Flowserve, Sulzer, Pentair, Grundfos, IDEX, Ebara, Roserbauer, ITT, KSB, WILO, Others (Waterous, Shibaura, etc)

Fire Pump Industry Recent Development:

• 2023: Wilo Group signed an MoU with the Ministry of Investment in Saudi Arabia in order to expand in the region. The company would install an assembly facility in Saudi Arabia to manufacture & assemble pumps & systems locally.

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Segmentation Analysis of Fire Pump Market

Fire Pump Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Mode of Operation

-Diesel Fire Pump

-Steam Turbine

-Electric Fire Pump

-Dual Fire Pump

By Product Type

-Horizontal Split Case

-Vertical Split Case

-Vertical Turbine

-Vertical In-line

-End Suction

• Vertical Turbine has showcased considerable growth, capturing the potential share in the Global Fire Pump Market

By End Users

-Residential

-Commercial

-Industrial

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

• Europe is predicted to dominate the Global Fire Pump Market in the upcoming years.

Why Choose Us?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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