Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Fire Fighting Pump Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global fire fighting pump market is expected to grow at a CAGR of 3.76% during 2022-2028
Market Trends and Opportunities
Growth In Construction
Europe's travel and tourism construction industry has many projects in the pipeline. In 2020, 60 new resorts and hotels started their operations. In 2021, Europe witnessed a year-on-year growth of 4-6% in new resorts and hotel construction.
These construction activities are expected to boost the fire fighting pumps market as they require installing fire safety equipment such as standpipes, sprinkler systems, and fire pumps.
Further, in APAC, countries such as India have invested USD 1.103 billion to develop sports infrastructure between 2022-2025. Approximately 300 sports infrastructural facilities across the country. All these facilities require installing fire safety equipment, propelling the fire fighting pumps market during the forecasted period.
Increase In Wild Fire Incidents
Regions of Europe and the U.S. have witnessed an increase in wildfire incidents. In California, there were more than 7,095 incidents in 2021. These incidents are increasing due to extreme climate conditions because of climate crises. Further, Australia is one of the countries that have been affected immensely due to wildfires.
The fire season of 2019 was of particular interest as it caused economic damage of more than USD 100 million. It was also responsible for killing or injuring more than 3 billion wildlife populations. Such an increasing number of incidents have gathered the requirements for firefighting pumps.
Vendor Landscape
The key players in the global fire fighting pumps market include Kirloskar Brothers Limited (KBL), Rosenbauer, Xylem INC., Sulzer Ltd, EBARA CORPORATION, and Wilo SE.
The global market is highly fragmented, and any new entrants will find it hard to establish themselves as the industry requires high capital for manufacturing and high investment in R&D, as technological advancements play an important role in the industry.
Key Vendors
- Kirloskar Brothers Limited (KBL)
- Rosenbauer
- Xylem INC.
- Sulzer Ltd
- EBARA CORPORATION
- Wilo SE
Other Prominent Vendors
- Ruhrpumpen
- Pentair
- Peerless Pumps
- PF Pumpen und Feuerloschtechnik GmbH
- Grundfos Holding A/S
- KSB SE & Co. KGaA
- C.E.T. Fire Pumps MFG
- NAFFCO
- Caterpillar Inc.
Key Questions Answered:
1. What is the fire fighting pump market size?
2. What is the growth rate of the fire fighting pump market?
3. Which region dominates the global fire pumps market?
4. What are the key driving factors in the fire fighting pump market?
5. Who are the key players in the global fire fighting pump market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 242 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $2245 Million |
| Forecasted Market Value (USD) by 2028 | $2802.22 Million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Overview
6.1.1 Increased Construction Activities
6.1.2 Increased Fire Incidents
6.2 Product Type
6.3 Fuel Type
6.4 End-User
6.5 Geographical
6.6 Vendor Landscape
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Value Chain Analysis
8.2.1 Overview
8.2.2 Raw Material Suppliers
8.2.3 Manufacturers/Vendors
8.2.4 Dealers/ Distributors
8.2.5 Retailers
8.2.6 End-Users
9 Market Opportunities & Trends
9.1 Shift Toward Energy-Efficient Pumps
9.2 Growth in Construction Activities
9.3 Increased Number of Fire Stations
10 Market Growth Enablers
10.1 Intense Fire Season
10.2 Governments' Focus on Fire Prevention & Safety Regulations
10.3 Increased Fire Incidents
11 Market Restraints
11.1 Effects of Diesel Combustion
11.2 Increased Raw Material & Supply Chain Costs
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product Type
14 Fuel Type
15 End-User
16 Distribution Channel
17 Geography
18 North America
19 Europe
20 APAC
21 Latin America
22 Middle East & Africa
23 Competitive Landscape
24 Key Company Profiles
25 Other Prominent Vendors
26 Report Summary
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/i5ntaa
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