Fire Pump Market Is Estimated to Rising at a Significant CAGR During 2019 to 2025
Los Angeles, CA -- (SBWire) -- 04/29/2019 --A fire pump is a part of a fire sprinkler system's water supply and can be powered by electric, diesel or steam. The pump intake is either connected to the public underground water supply piping, or a static water source (e.g., tank, reservoir, lake). The pump provides water flow at a higher pressure to the sprinkler system risers and hose standpipes.
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There are generally three types of drive power used for fire pump, which include diesel engine, petrol engine and electric motors. Petrol motors are commonly used for portable fire pump and light duty firefighting. The main manufacturers of petrol motors for fire pumps include Honda, Briggs & Stratton and other regional brands. Diesel engines are suitable for firefighting application in factory, building, pier and other high capacity fire pumps. Worldwide, the main manufacturers of fire pumps are Pentair, Grundfos and Flowserve. The three enterprises are famous in the fire pump industry because of wonderful product performance and related services. Electric motors are the most widely used drive power for fire pumps, which is efficient and convenient. In 2016, electric motor power fire pumps occupied about 50% of the total fire pumps market.
Currently, North America is the largest production region of fire pump based on revenue; in 2016, North America holds about 33% revenue share of global fire pump. It is followed by Europe and Japan, which respectively have around 32% and 15% of the global total industry. Other countries have a small amount of production. Geographically, developing countries such as China and India are becoming more and more important in the market and investors should pay more attention to these countries.
For price trend analysis, a key variable in the performance of fire pump producers is raw material costs, specifically the speed at which any increase can be passed through to customers. Over the past five years, the price of fire pump has experienced a reducing trend.
The global Fire Pump market was 1320 million US$ in 2018 and is expected to 1720 million US$ by the end of 2025, growing at a CAGR of 3.3% between 2019 and 2025.
This report studies the Fire Pump market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Shaanxi Aerospace Power
By the product type, the market is primarily split into:
Diesel Engine Power
Gasoline Engine Power
Electric Motor Power
By the end users/application, this report covers the following segments:
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