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Installation of Innovative Fire Safety Equipment Boosting the Market Growth. China Diesel Water Pump
CHICAGO , March 1, 2023 /PRNewswire/ -- According to Arizton's latest research report, the fire fighting pump market will grow at a CAGR of 3.76% from 2022-2028.
The global firefighting pump market has a huge opportunity to grow during the forecast period, as continuous innovation in energy efficiency, technological integration, and automation will drive the market growth. The fire fighting pump market has the presence of multiple international and regional companies, such as Grundfos, Peerless Pumps, Rhurpumpen, Rosenbauer, and Kirloskar Brothers. They invest in R&D to continuously upgrade their products in terms of efficiency and fuel consumption. Initiatives like this ensure companies' viable presence in rather competitive surroundings.
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Adopting firefighting equipment such as standpipes, sprinklers, fire alarms, fire detection systems, and fire suppression systems helps industries be better prepared in case of an unfortunate fire incident. This readiness helps industries and organizations to reduce property damage and safeguard human lives. Firefighting pumps have a huge potential as most fire suppression systems require firefighting pumps to deliver the fluid.
FIRE FIGHTING PUMP MARKET REPORT SCOPE
Product Type, Fuel Type, End-User, Distribution Channel, and Geography
North America, Europe, APAC, Latin America, and Middle East & Africa
Kirloskar Brothers Limited (KBL), Rosenbauer, Xylem INC., Sulzer Ltd, EBARA CORPORATION, Wilo SE, Ruhrpumpen, Pentair, Peerless Pumps, PF Pumps and Feuerloeschtechnik GmbH, Grundfos Holding A/S, KSB SE & Co. KGaA, CET Fire Pumps MFG, NAFFCO, and Caterpillar Inc.
· Intensified Fire Season
· Government Focus Towards Fire Prevention and Safety Regulation
· Growth In Fire Incidents
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Growth In Construction Europe's travel and tourism construction industry has many projects in the pipeline. In 2020, 60 new resorts and hotels started their operations. In 2021, Europe witnessed a year-on-year growth of 4-6% in new resorts and hotel construction. These construction activities are expected to boost the fire fighting pumps market by installing fire safety equipment such as standpipes, sprinkler systems, and fire pumps. Further, in APAC, countries like India have invested USD 1.103 billion to develop sports infrastructure between 2022-2025. Approximately 300 sports infrastructural facilities across the country. All these facilities require fire safety equipment, propelling the fire fighting pump market during the forecasted period.
Increase In Wildfire Incidents Regions of Europe and the U.S. have witnessed an increase in wildfire incidents. In California , there were more than 7,095 incidents in 2021. These incidents are increasing due to extreme climate conditions because of climate crises. Further, Australia is one of the countries that have been affected immensely due to wildfires. The fire season of 2019 was of particular interest as it caused economic damage of more than USD 100 million . It was also responsible for killing or injuring more than 3 billion wildlife populations. Such an increasing number of incidents have gathered the requirements for firefighting pumps.
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There is a huge increase in people traveling for leisure and family vacations. Businesses can establish themselves globally with globalization on the horizon. This means that people will often travel to various locations for business purposes. These reasons drive the tourism market across most countries. In 2021, 400 new hotels opened globally. APAC is a dominant region in terms of new hotels opened. In 2021, the region saw a 55 increase in new hotels compared with 2020. In the same year, 80 new hotels opened in North America . The growth in the number of hotels and resorts will ensure the growth of the global firefighting pump market. Around 188 new hotels and resorts were opened in Europe during the second quarter of 2022, according to Lodging Economics. Europe boosts its travel and tourism industry by developing hotels and resorts. In 2021, more than 40 new hotels and resorts were opened across Europe . Hotels and resorts are key contributors to the firefighting pump market.
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9.3 INCREASED NUMBER OF FIRE STATIONS
10.2 GOVERNMENTS' FOCUS ON FIRE PREVENTION & SAFETY REGULATIONS
11.2 INCREASED RAW MATERIAL & SUPPLY CHAIN COSTS
13.1 MARKET SNAPSHOT & GROWTH ENGINE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.3.1 MARKET SNAPSHOT & GROWTH ENGINE
15.3.2 OIL & GAS INDUSTRY: MARKET OVERVIEW
16.1 MARKET SNAPSHOT & GROWTH ENGINE
17.1 MARKET SNAPSHOT & GROWTH ENGINE
25.4 PF PUMPEN UND FEUERLÖSCHNIK GMBH
27.2.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.2.2 FUEL TYPE: MARKET SIZE & FORECAST
27.2.3 END-USER: MARKET SIZE & FORECAST
27.2.4 INDUSTRIAL END-USER: MARKET SIZE & FORECAST
27.2.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.3.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.3.2 FUEL TYPE: MARKET SIZE & FORECAST
27.3.3 END-USER: MARKET SIZE & FORECAST
27.3.4 INDUSTRIAL END-USER: MARKET SIZE & FORECAST
27.3.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.4.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.4.2 FUEL TYPE: MARKET SIZE & FORECAST
27.4.3 END-USER: MARKET SIZE & FORECAST
27.4.4 INDUSTRIAL END-USER: MARKET SIZE & FORECAST
27.4.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.5.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.5.2 FUEL TYPE: MARKET SIZE & FORECAST
27.5.3 END-USER: MARKET SIZE & FORECAST
27.5.4 INDUSTRIAL END-USER: MARKET SIZE & FORECAST
27.5.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.6.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.6.2 FUEL TYPE: MARKET SIZE & FORECAST
27.6.3 END-USER: MARKET SIZE & FORECAST
27.6.4 INDUSTRIAL END-USER: MARKET SIZE & FORECAST
27.6.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
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Data Center Fire Detection and Suppression Market - The global data center fire detection and suppression market size was valued at USD 1.16 billion in 2021, growing at a CAGR of 7%. Regions such as the Middle East , Africa , and Latin America will be the major areas of opportunity for vendors supplying fire detection and suppression equipment, such as Carrier, Minimax, and SEVO Systems, among others, owing to a rapidly evolving data center market.
Fire Detection and Suppression Equipment Market - The increasing awareness toward employee safety is a crucial factor driving the global fire detection and suppression equipment market. The fire detection and suppression equipment market will reach USD 15.22 billion by 2024, growing at a CAGR of over 5% during the forecast period. The market growth can be attributed to stringent safety regulations adopted by government agencies over the world. The market witnessed high growth in the APAC region in 2018. While Europe dominates the global fire detection and suppression equipment market, the increased awareness related to safety is fueling market growth in developing economies.
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SOURCE Arizton Advisory & Intelligence
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