In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Fire Pump market for 2018-2023.
A fire pump is a part of a fire sprinkler system s water supply and can be powered by electric, diesel or steam. The pump intake is either connected to the public underground water supply piping, or a static water source e.g., tank, reservoir, lake . The pump provides water flow at a higher pressure to the sprinkler system risers and hose standpipes.
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There are generally three types of drive power used for fire pump, which include diesel engine, petrol engine and electric motors. Petrol motors are commonly used for portable fire pump and light duty firefighting. The main manufacturers of petrol motors for fire pumps include Honda, Briggs & Stratton and other regional brands. Diesel engines are suitable for firefighting application in factory, building, pier and other high capacity fire pumps. Worldwide, the main manufacturers of fire pumps are Pentair, Grundfos and Flowserve. The three enterprises are famous in the fire pump industry because of wonderful product performance and related services. Electric motors are the most widely used drive power for fire pumps, which is efficient and convenient. In 2016, electric motor power fire pumps occupied about 50% of the total fire pumps market.
Currently, North America is the largest production region of fire pump based on revenue; in 2016, North America holds about 33% revenue share of global fire pump. It is followed by Europe and Japan, which respectively have around 32% and 15% of the global total industry. Other countries have a small amount of production. Geographically, developing countries such as China and India are becoming more and more important in the market and investors should pay more attention to these countries.
For price trend analysis, a key variable in the performance of fire pump producers is raw material costs, specifically the speed at which any increase can be passed through to customers. Over the past five years, the price of fire pump has experienced a reducing trend.
Over the next five years, Planet Market Reports projects that Fire Pump will register a 3.2% CAGR in terms of revenue, reach US$ 1600 million by 2023, from US$ 1320 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Fire Pump market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Diesel Engine Power
Gasoline Engine Power
Electric Motor Power
Segmentation by application:
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This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Shaanxi Aerospace Power
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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