March 02, 2020 09:13 ET | Source: 360 Market Updates 360 Market Updates
Pune, March 02, 2020 (GLOBE NEWSWIRE) -- The Global “ Fire Pump “ Market Report 2020 report supplies a thorough estimation to improve complete information of the global Fire Pump market today and its industrial outlook based completely on current and purpose marketplace. This report focuses on Professional Global Fire Pump Market Trend 2020-2024 volume and value at a global level, regional level and company level.
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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.
Fire Pump market competition by top manufacturers/ Key player Profiled:
Fire Pump is expected to grow at a CAGR of roughly 3.2% over the next five years, will reach 1600 million USD in 2023, from 1320 million USD in 2017, according to a new study.,
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Fire Pump Market Segment by Type covers:
Fire Pump Market Segment by Applications can be divided into:
Scope of the Fire Pump Market Report:
This report focuses on the Fire Pump in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application., 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 worldwide market for Fire Pump is expected to grow at a CAGR of roughly 3.2% over the next five years, will reach 1600 million USD in 2023, from 1320 million USD in 2017, according to a new GIR (Global Info Research) study.,
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Key questions answered in the report:
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The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Fire Pump market in 2025 is also explained. Additionally, type wise and application wise consumption tables and figures of Fire Pump market are also given.
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