Fire Pump Market Revenue Surge to USD 1,900.00 Million by 2026
According to the report, The global Fire Pump market in 2019 was approximately USD 1,500.00 Million. The market is expected to grow at a CAGR of around 3.0% and is anticipated to reach around USD 1,900.00 Million by 2026.
The fire pump is a component of the fire sprinkler system’s water supply. The fire pump is usually powered by steam, diesel, or electric supply. The fire pump supplies water flow to the sprinkler system at high pressure. The power for the fire pump is critical in designing the proper fire protection system. The fire pump is always listed and tested by a third-party testing agency before it is used in the fire service. Diesel-driven pumps need fuel storage tanks for storage flammable fluids. An electric-driven fire pump does not need a combustion-driven engine for its process.
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The global fire pump market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for fire pump in oil and gas industry sectors is likely to act as a key driver of the global fire pump market.
The fire pump market is segmented based on type, and application. On the basis of type segmentation, the market is classified into gasoline engine power, diesel engine power, electric motor power, and others. In terms of application segmentation, the market is bifurcated into gasoline engine power, diesel engine power, electric motor power, and others.
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Some of the essential players operating in the fire pump market, but not restricted to include Pentair International, Grundfos Holding A/S, Flowserve Corporation, Sulzer Ltd., The Rosenbauer Group, IDEX Corporation, Shibaura fire pump Corporation, Liancheng Group, CNP Pumps India Pvt. Ltd., Pacific Pump, Shaanxi Aerospace Power, Shanghai East Pump Group Co. Ltd., Zhongquan Pump, Ebara Corporation, Waterous Company, Inc., ITT Inc., KSB Aktiengesellschaft, Xylem Dewatering Solutions, Inc., Wilo SE, Armstrong Fluid Technology Limited, Patterson Pump Company, Inc., and Shanghai Kaiquan Pump (Group) Co., Ltd., among others.
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