Fire Pump Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[197+ Pages Report] According to the report published by Facts Factors, the global fire pump market size was worth around USD 1,500.00 million in 2019 and is predicted to grow to around USD 1,900.00 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.0% between 2020 and 2026. The report analyzes the global fire pump market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fire pump market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the fire pump industry. The report analyzes and declares the historical and current trends analysis of the fire pump industry and subsequently recommends the projected trends anticipated to be observed in the fire pump market during the upcoming years.

The fire pump market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire fire pump market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) and volume (K Units) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the fire pump market is set to grow annually at a rate of around 3.0%
• It was established through primary research that the China fire pump market was valued at more than USD 1,500.00 million in 2019
• The robust industrialization in China is supposed to display the highest growth in the regional market as it is one of the developed economies.
• Increasing urbanization is supposed to fuel market growth. Companies are supposed to invest in R&D to innovate better products. Product invention will open new opportunities for the fire pump and thus is expected to propel the industry demand in the upcoming years.
• The “Diesel Engine Power” category, on the basis of type segmentation, was the leading revenue-generating category accounting for around 40.0% share, in 2019.
• The “Field Emergency” category, on the basis of application segmentation, was the leading revenue-generating category accounting for more than 40.0% share, in 2019.

Key Recommendations from Analysts

• The growing popularity of fire pumps as protective gear used to help athletes play the sport in various countries across the globe is increasing the demand for the fire pump segment. There is a huge demand for fire pumps in developing regions such as the Asia Pacific, which is driving the oil and gas industry in the regions.
• North America region is anticipated to a larger share of the fire pump market in the upcoming years.
• China's fire pump market is anticipated to rise at the highest rate between 2020 and 2026.
• Growing at a CAGR of around 4.0%, the China fire pump, and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• Our analysts have identified the “Diesel Engine Power”, and “Field Emergency” categories as the leading investment pockets for the fire pump market in terms of type and application segmentation respectively.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the fire pump industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the fire pump industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the fire pump market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the fire pump industry. The fire pump market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the fire pump sector. Key strategic developments in the fire pump market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the fire pump market are appropriately highlighted in the report.

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 pumps in the oil and gas industry sectors is likely to act as a key driver of the global fire pump market.

The fire pump market research report delivers an acute valuation and taxonomy of the fire pump industry by practically splitting the market on the basis of a different type, and application, and region. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the fire pump industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the fire pump industry is provided for the leading economies of the world.

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.

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.
• Shanghai Kaiquan Pump (Group) Co. Ltd.
• among others

The taxonomy of the fire pump industry by its scope and segmentation is as follows:

By Type Analysis

• Diesel Engine Power
• Gasoline Engine Power
• Electric Motor Power
• Others

By Application Analysis

• Industry Application
• Commercial Application
• Field Emergency
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa