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Rising Demand for Industrial, Residential, and Commercial Applications is Driving the Demand for Fire Pumps


Rising Demand for Industrial, Residential, and Commercial Applications is Driving the Demand for Fire Pumps

The Global Fire Pump Market is projected to reach US$ 767.7 Million in 2032. Rising demand for industrial, residential, and commercial applications with growing awareness towards safety concerns from hazards, is driving the demand for Fire Pumps.

According to FMI, the Global Fire Pump Market is estimated to be valued at US$ 528.7 Million in 2022 and is projected to increase at a CAGR of 3.8% in the forecast period from 2022 to 2032.

A fire pump is a water sprinkler system used as a fire extinguisher that can be operated with electricity, diesel, or steam. The fire pump is connected to a stationary water source (tank, lake, or reservoir) or an underground water supply line. It is also known as firefighting apparatus which can be easily transported to a location where a fire incident takes place and can operate for quick delivery of large water quantity to extinguish the fire. It is specially designed to increase the pressure of water which results in quick quenching of fire. Fire pumps play a key role in many water-based fire protection systems. It is mostly found in residential buildings, commercial complexes, and industrial areas that require spraying high-pressure water on heightened locations in case of a fire outbreak.

Rise in the sudden fire-catching incidents in various industrial and residential areas, fuelling demand for fire pumps globally. With a rise in global manufacturing industries, fire hazard risk also rises simultaneously. This type of risk is highly associated with flammable manufacturing bases like chemical industries, petroleum refineries, and oil & gas industries. Similarly, most of the residential buildings have installed fire pumps at their building premises for safety purposes in case of any fire incident at their respective buildings. However, the speed of rapid global urbanization accelerates the growth of residential buildings which increases the demand for fire pumps simultaneously. Thus, the above-mentioned most prominent demand from the industrial and residential sectors drives the global fire pump market and is anticipated to grow at a consistent pace in the upcoming years.

Historic Market Outlook for Global Fire Pump Market

The analysis of Fire Pump demand from 2017 to 2021 showed a historical growth rate of 2.2% CAGR. The rise in firefighting equipment, growing investment and awareness of fire hazard & safety, and rise in an application in the industrial and commercial sector was the main factor driving the expansion of the Fire Pump market during the historic period.

However, The COVID-19 epidemic had a negative impact on the industrial automation and equipment sector, which also includes the market for fire pumps. A number of fire pump manufacturers have seen a decline in sales and production, owing to interruption in business operations as a result of stringent government norms about social distancing. Moreover, due to restrictions in the supply chain network, the fire pump market was seen to be affected in the historic period.

However, when virus infection gets lowered, when every sector in the world as well as industries runs normally as before from the start of 2022. As a result, FMI’s global Fire Pump demand projection predicts a CAGR of 3.8% by 2032.

What are the Various Factors Driving the Global Fire Pump Market?

The rising application sector and an increase in fire hazards that takes place globally are the two main drivers driving the global market for fire pumps. The expansion is also fueled by rising energy demand, developing economies, and rising applications in industrial locations, airports, terminals, business complexes, and residential buildings. Demand for this equipment increases simultaneously with growing urbanization and industrialization. The most hazardous industry like the oil & gas industry, refineries, and flammable product manufacturing industry demand fire pumps for safety purposes, which fuel the market. Additionally, the market is being driven by a rise in irrigation and sludge-handling activities around the world.

The market is also expanded due to the development and availability of IoT-enabled pump controllers, as a result, consumer demand has increased, which has had an impact on the growth in demand for fire pumps in the end-use sector. Also, the demand for hydraulic firewater pumps is expected to grow significantly over the projected period as a result of the numerous manufacturing sectors that are being established and planned industry expansions. In the world of expanding smart cities, there is always a risk of fire outbreaks due to short circuits and other reasons, owing to which every residential building is equipped with a fire water pump to extinguish the sudden fire. Also, a fire pump is most commonly used for feeding water to boilers in industry, as there is always a need for high-pressure pumps in industries, which increases its demand. Thus, the growth of many end-use sectors has had a direct impact on the need for fire pumps, which drives the global fire pump market.

What are the Opportunities for the Global Fire Pump Market Growth?

The market for Fire Pump is having rewarding opportunities in the forecasted period as a result of stringent government rules and regulations. The government’s increased emphasis on the development of safety and hazard precautions will encourage the expansion of the Fire Pump market. The increasing government investment in fire hazards & safety to lower the economic losses that occurred due to fire outbreaks will pave the road for the market for Fire Pump to expand. Governments are imposing strict fire safety standards in factories and mandating the installation of adequate fire escapes and firefighting equipment in all industrial buildings. To achieve this goal, various nations are allocating funds from their budgets to install fire pumps in the industrial and domestic sectors, respectively.

The introduction of new technology is aimed at enhancing fire pump machines, like pumps having IoT-enabled controllers in them and artificial fire pump systems equipped with several sensors having the ability to assess and respond appropriately without human operation. This technical improvement saves time and allows for quicker resolution of the problem or carrying out any operation. This type of development is also producing lucrative opportunities for the market growth of fire pumps.

What is the Regional Analysis of the Global Fire Pump Market?

Geographically, in terms of Fire Pump sales, amongst all regions which are sub-segmented in the global market, North America and East Asia are the top regions and collectively account for a sizable portion of the global Fire Pump market in 2021.

The North American fire pump market is anticipated to maintain its dominance throughout the projected period in the global market. An increase in fire incidents in both the industrial and residential sectors in the region is primarily responsible for growth. For instance, in 2022 The latest Fire Loss in the US report released by the ‘National Fire Protection Association (NFPA)’ shows the largest number of home fire deaths since 2007, reflecting a 14-year high. Owing to this type of incident, the US government and National Fire Protection Association introduced new guidelines for the necessary installation of a fire pump or a multistage multiport pump in high buildings and every commercial complex in the country, which drives the fire pump market in the region.

The East Asia region also contributes to a prominent value share in the global market for fire pumps. East Asia has taken the lead position in the Asia region in terms of industrialization and urbanization contributing to around two-thirds share of the global GDP and a much higher share of industrial value-added and worldwide exports. The industrialization of East Asian nations, such as Japan, the Republic of Korea, Taiwan, and China has been made possible by the governments’ substantial strategic interventions to increase domestic manufacturing capabilities. Thus, the market for fire pumps in the region is driven by federal regulations governing the industrial ecology, broad acceptance and awareness of safety and hazard precautions, and the region’s rapidly accelerating urbanization.

Market Competition

Key players operating in the Global Fire Pump Market include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg. Inc., Eaton, Waterous, NAFFCO, Armstrong Fluid Technology, Canariis Corporation, and others.

There are a few major providers who hold the lion’s share of the fir pump market, which is only somewhat fragmented. In order to produce new and improved goods, the major players in the fire pump market invest a sizable sum of money in comprehensive research and development.


United States and Canada Alumina Market is Likely to Reach a Valuation of US$ 5,491.3 million by 2032

According to a research study conducted by Future Market Insights on the United States and Canada alumina market, demand for alumina is to reach a valuation of US$ 3,324.8 million by 2022. Robust domestic demand for defense and military equipment, tanker pumps, naval vessel components, and munitions hoist components is projected to drive growth in the United States and Canada alumina market. The market is estimated to be valued at US$ 5,491.3 million in 2032.

Aluminum is considered to be the primary raw material for a wide range of industries, especially for automotive, aerospace, and defense sectors. During World Wars I and II, about 90% of USA aluminum production went into defense and military uses. The metal remains essential to several components of modern warfare and owing to this, there is a high demand for alumina for the production of aluminum.

The ongoing Russia-Ukraine war would create a new growth opportunity for key players for the manufacturing of military and defense weapons as the USA is a leading supplier of weapons to Ukraine. There will hence be huge demand for aluminum production across the country. Canada’s aluminum production is mainly exported to the USA and it is projected to further create a lucrative opportunity for alumina production in the United States and Canada during the assessment period.

Key Takeaways from United States and Canada Alumina Market Study

  • Based on application, the aluminum production segment is projected to generate a share of around 91.1% in the United States and Canada alumina market by 2032.
  • Canada is a prominent importer of alumina with an estimated import volume of 6,225 kilotons.
  • Central Canada and South United States are likely to together capture about 46.2% of the alumina market share.
  • The United States and Canada alumina market is estimated to witness a CAGR of around 5.1% on the basis of value.
  • The United States and Canada alumina industry is estimated to reach a valuation of US$ 5,491.3 million in 2032.

“Increasing demand for electronic components and home appliances such as laptops, refrigerators, television panels, smartphones, and washing machines is projected to drive sales of alumina across the United States and Canada. Key electronics manufacturers are set to use aluminum for manufacturing their in-house products to maintain cost-effectiveness and offer high performance,” says a lead analyst at Future Market Insights.

Competitive Landscape: United States and Canada Alumina Market

The market for alumina across the USA and Canada is set to be a consolidated industry, where key players are anticipated to hold a prominent share. Few of the renowned manufacturers in the market include REFRACTRON TECHNOLOGIES CORP., USA Electrofused Minerals, Inc., Washington Mills North Grafton, Inc., Great Lakes Minerals, LLC, Calix Ceramic Solutions, Illinois Valley Minerals (IVM), Cer-Met, Inc., Aluchem of Little Rock and Metal Exchange Corporation., and Nature Works LLC among others.

Key players are focusing on expanding their production capacities to improve their geographic footprint all over the globe, as well as to compete with their rivals. Few of the key companies are aiming to invest huge sums in alumina production backed by a significant surge in terms of demand from the automotive and defense industries.