MarkNtel Advisors recently published a detailed industry analysis of the Fire Pump Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Fire Pump Market (2023-2028)
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.
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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.
What segments define the 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)
-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)
Explore the Complete Fire Pump Market Analysis Report – https://www.marknteladvisors.com/research-library/fire-pumps-market.html
-By Region
-North America
-South America
-Europe
-Asia-Pacific
-Middle East
-Africa
Who are the leading key players shaping the Fire Pump Market landscape?
Flowserve, Sulzer, Pentair, Grundfos, IDEX, Ebara, Roserbauer, ITT, KSB, WILO, Others (Waterous, Shibaura, etc)
Questions Addressed in this Study
1.What factors are driving the Fire Pump Market growth?
2.How is the Fire Pump Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Fire Pump Market?
4.What is the current size of the Fire Pump Market, and how is it projected to change in the future?
6.What is the future outlook for the Fire Pump Market in terms of technological advancements and market expansion?
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