The latest report by MarkNtel Advisors, titled “Fire Pump Market Report By Mode of Operation (Diesel Fire Pumps, Steam Turbine, Electric Fire Pumps, Dual Fire Pumps), By Product Type (Horizontal Split Case, Vertical Split Case, Vertical Turbine, Vertical In-line, End Suction), By End Users (Residential, Commercial, Industrial) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Fire Pump Market research report.

What is the market outlook for Fire Pump?

The Fire Pump Market size is estimated to grow at a CAGR of around 7.57% during the forecast period 2023–28.

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Major Companies Operating in the Fire Pump Industry:

Flowserve, Sulzer, Pentair, Grundfos, IDEX, Ebara, Roserbauer, ITT, KSB, WILO, Others (Waterous, Shibaura, etc)

Fire Pump Market Report Segmentation:

By Mode of Operation

-Diesel Fire Pump

-Steam Turbine

-Electric Fire Pump

-Dual Fire Pump

By Product Type

-Horizontal Split Case

-Vertical Split Case

-Vertical Turbine

-Vertical In-line

-End Suction

• Vertical Turbine has showcased considerable growth, capturing the potential share in the Global Fire Pump Market due to its increased adoption in commercial buildings, industrial facilities, and power plants.

By End Users

-Residential

-Commercial

-Industrial

Learn More About the Market Report –  https://www.marknteladvisors.com/research-library/fire-pumps-market.html                                           

Regional Insights:

• North America: US, Canada, Mexico
• Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
• Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
• South America: Brazil, Argentina, Rest of South America
• Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA

Global Fire Pump Market Opportunity: Government Initiatives to Promote Green Buildings Globally

The rise in the construction of green buildings has been witnessed over the past few years, with the growing necessity for adopting sustainable construction methods to reduce carbon emissions of greenhouse gas released by the construction industry. The building & construction industry accounts for more than two-thirds of the total greenhouse gas that releases globally. In this context, the construction sector has a tremendous opportunity to reduce greenhouse gas emissions.

The surge in the number of sustainable buildings resulted in stimulating the demand for fire pumps. These buildings have certain standards & regulations for fire protection & safety, such as National Fire Protection Association (NFPA): NFPA 72, National Fire Alarm Code; NFPA 2001, Standard on Clean Agent Fire Extinguishing Systems, etc. Hence, the growing number of green buildings across the country, owing to the rising government initiatives, would provide a lucrative opportunity for the Global Fire Pump Market during 2023-28.

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About UsMarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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