Fire Pump Market Key Players, End User, Demand and Consumption by 2030
As manufacturing industries expand, fire hazards at industrial sites have heightened in equal proportion. The risks of fire outbreaks are especially high across chemical manufacturing, petroleum extraction and oil & gas industries.
According to estimates by the International Association of
Fire and Rescue Services, there were more than 1.3 million cases of fires
reported in the United States and nearly 3 million cases in France
respectively.
Furthermore, fire hazards resulted in direct economic losses
amounting to US$ 23 billion as of 2016. On the back of these trends, the
demand for fire pumps across these sectors is anticipated to be the maximum in
the next half-a-decade’s forecast period.
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Governments are enforcing stringent fire safety regulations
across factories and making it mandatory for all industrial plants to have
proper fire escape and firefighting facilities. To this end, countries such as
the United States are appropriating their budgets to install fire pumps across
industrial and household sectors respectively.
Competitive Landscape
Some prominent market players in the fire pump market
include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg
Inc, Eaton, Waterous, NAFFCO, Armstrong Fluid Technology and Canariis
Corporation. Acquisition of certifications, product launches and research and
development are the key expansion strategies resorted to by the vendors.
For instance, CET Fire Pumps Mfg Ltd., manufactures the
PFP-9HPNHND-EM High-Volume Portable Fire Pump, the PFP-9HPHND-M and PFP-9HP-DSL
pumps. Likewise, Waterous manufactures the PB18 and E500 portable fire pumps.
The former is equipped with a Briggs & Stratton 18 HP
V-Twin gasoline engine with an 11 liter fuel tank capacity. The E500 series is
specifically designed for mounting on specialized attack vehicles, equipped
with a Kubota 899 cc diesel engine and is available in two models: E501 or
E511.
When it comes to fire hazards, there is probably no industry
which is as vulnerable as the oil & gas industry. While undertaking
exploration and drilling activities, workers are constantly at the risk of
severe injuries from fires induced by explosions due to ignition of flammable
vapors or gases.
Volatile gases such as hydrogen sulfide are released from
trucks, wells, production and surface equipment.When in close proximity to
ignition sources such as cigarettes, lightning, static electricity,
matchsticks, lighters, frictional heat and cutting and welding tools, these can
easily vaporize and catch fire.
To prevent such hazards, oil and gas companies have made
fire safety a top priority, thereby augmenting spending on the installation of
fire pumps at various exploration facilities.
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Regional Insights
Amongst all the regions profiled in this report, the North
American fire pumps market is expected to remain the hegemon throughout the
forecast period. Growth is majorly attributed to a rise in fire accidents
across the industrial and residential sectors.
According to the National Fire Protection Association, in
2018, the U.S fire departments responded to approximately 1.3 billion fire
incidents, which resulted in over 3,500 civilian fatalities and over 15,000
injuries.
A loss of US$ 25.6 billion in property was recorded, most of
them arising from the Californian wildfires. This has prompted government
agencies to augur their spending on fire safety measures.
Significant growth opportunities exist in the Asia-Pacific
region, with South Asia recording the highest number of industrial and
residential fire hazards. Most of these incidents occur in India and
Bangladesh.
Regional Analysis:
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil, Rest of LATAM)
- Europe
(Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East
Asia (China, Japan, South Korea)
- South
Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania
(Australia, New Zealand)
- Middle
East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
This is largely ascribed to hazardous working conditions in
factories, with no fire safety mechanisms in place. Most factories are not even
equipped with basic fire extinguishers or exits, often causing immense
fatalities on an annual basis.
The COVID-19 pandemic has adversely affected the industrial
automation & equipment industry, which also incorporates the fire pumps
market within its ambit.
Several fire pump manufacturers have recorded a slump in
their sales and production due to ceasing business activities induced by
mandatory social distancing protocols. Employees are being encouraged to remain
indoors, leading to limited production on-site.
Logistical impediments are rendering it difficult for
factory workers to travel to their workplace, inducing further downturns in the
market.Governments have realized the importance of firefighting and have been
taking measures to ensure that the market functions without hindrances.
After all, firefighting is categorized as an essential
service, putting it on an equal pedestal as healthcare & pharmaceuticals,
food & agriculture, information & communications technology and power
generation.
All firefighting personnel are being provided with personal
protective equipment and being asked to maintain strict social distancing
on-premises, keeping the industry afloat. Hence, the fire pumps market sales
will rebound in the long-term forecast.
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By Segment:
By Power for Operating
- electric
fire pumps
- diesel
fire pumps
- steam
turbine
- dual
fire pumps
By Product Type
- horizontal
split case
- vertical
split case
- vertical
in line
- vertical
turbine
- end
suction
By Application
- irrigation
- sludge
handling
- wastewater
- boiler
feed
- stormwater
handling
- others
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