MarkNtel Advisors recently published a detailed industry analysis of the Global Fire Pump Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Fire Pump Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The 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.

What are the major Driver the Global Fire Pump industry?

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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What segments define the Global Fire Pump market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

• 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)

According to report, Vertical Turbine has showcased considerable growth, capturing the potential share in the Global Fire Pump Market due to its increased adoption in commercial buildings, industrial facilities, and power plants.

• 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)

According to report, The Industrial sector is predicted to be the prominent end-user in the Global Fire Pump Market due to the increasing expansion of the oil & gas industry as well as an upsurge in oil & gas exploration, transportation, and processing facilities.

Explore the Complete Global Fire Pump Market Analysis Report –

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Geographical Analysis: Global Fire Pump Market

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

Global Fire Pump Market Share & Competitive Landscape:

The Fire Pump Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Fire Pump Market are:

• Flowserve
• Sulzer
• Pentair
• Grundfos
• IDEX
• Ebara
• Roserbauer
• ITT
• KSB
• WILO

Recent Developments in the Global Fire Pump Market

• 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.

Questions Addressed in this Study

1.What factors are driving the Global Fire Pump Market growth?

2.How is the Global Fire Pump Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Fire Pump Market?

4.What is the current size of the Global Fire Pump Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Fire Pump Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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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