Fire Pump Drive Power Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2030.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fire pump drive power market include Caterpillar, Clarke, Cummins, Shanghai Dongfeng, Power Industries, Guangxi Yuchai, WEG, Nidec Motor, Regal Beloit, NAFFCO, Baldor, Brook Crompton, American Marsh, Wolong Electric, Techtop Group, Honda, Universal Electric, Briggs & Stratton, Boyidun Power, Jiangsu linhai. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The construction activities, especially in emerging economies, is driving the demand for fire protection systems and, in turn, the demand for fire pump drive power. The rise in the construction of high-rise buildings, shopping malls, hospitals, and other public facilities is driving the demand for fire protection systems, which is expected to boost the demand for fire pump drive power. Various government regulations and safety standards mandate fire protection systems installation in buildings and other facilities. The compliance with these regulations is expected to increase the demand for fire pump drive power. The growth in the industrial and commercial sectors is driving the demand for fire protection systems and, in turn, the demand for fire pump drive power. The rise in the number of manufacturing plants, refineries, and warehouses is driving the demand for fire protection systems that require fire pump drive power. The growth in the number of data centers is driving the demand for fire protection systems that require fire pump drive power. The increasing demand for cloud computing and storage services is driving the growth of data centers, which require reliable fire protection systems to protect the data stored in them. Technological advancements in fire pump drive power systems are driving the growth of the market. The development of new, more efficient fire pump drive power systems that can meet the specific requirements of different fire protection systems is expected to drive the demand for fire pump drive power.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fire pump drive power. The growth and trends of fire pump drive power industry provide a holistic approach to this study.
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Market Segmentation
This section of the fire pump drive power market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Electric Motor
- Diesel Engine
- Petrol Engine
By Application
- Industrial
- Commercial Building
- Field Emergency
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fire Pump Drive Power market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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In this report, as essential equipment related to fire fighting market, the global fire pump industry is directly affected by the status and progress of fire fighting demand.
Worldwide, the market size of fire pump was estimated at about 1284 million USD at 2016, with about 266 thousand units of fire pumps sold used on fire pump.
The market is forecasted to reach about 1545 million USD by the end of 2022, based on revenue of related manufacturers.
The pump intake is either connected to the public underground water supply piping, or a static water source (e.g., tank, reservoir, lake).
Currently, North America was the largest production region of fire pump based on revenue; in 2016, North America held about 33% revenue share of global fire pump.
It was followed by Europe and Japan, which respectively have around 32% and 15% of the global total industry.
