Recent few years, increasing incidences of fire at manufacturing facilities and residential areas has increased the demand for fire pumps. The growing industrialization across the globe is expected to drive the demand for fire pumps over the forecast period. The increasing manufacturing sector is expected to increase the demand for fire pumps, which in turn is expected to drive the global fire pumps market over the forecast period.
The global fire pump is segmented on the basis of power for operating as electric fire pumps, diesel fire pumps, steam turbine and dual fire pumps. The global fire pump market can also be segmented on the basis of product type as horizontal split case, vertical split case, and vertical in line, vertical turbine and end suction.
The global fire pump market can also be segmented on the basis of application as irrigation, sludge handling, wastewater, boiler feed and stormwater handling and others.
The global fire pump market can be segmented on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East and Africa. North America is expected to dominate the global fire pumps market throughout the forecast period. Moreover, Europe is also anticipated to contribute a major share in the global fire pump market over 2016-2026.
North America is anticipated to witness stable growth due to sluggish growth in end-use industries. Revenue generated from sales of fire pumps in Middle East and Africa is also projected to increase at a high CAGR over the forecast period.
A fire pump is a part of water supply of fire sprinkler systems is run by using electric, diesel or steam. The fire pump is connected to either a static water source or an underground water supply piping. Generally, it is connected with the public underground water supply pipe or any static water source such as tank, reservoir, and lake.