Building codes are turning out to be more stern with enhancement of infrastructure. IoT-enabled fire pumps would be the trend in the forecast period due to indispensability of industrial automation regarding IoT and digitization. Persistence Market Research has walked through these facts with subsequent steps to be taken in its latest market study entitled “North America Fire Pump Market”.
North America Fire Pump Market Dynamics
North America Fire Pump Market, by type, spans horizontal split case, vertical split case, vertical in-line, vertical turbine, and end-suction. By rating, it’s up to 500 gpm, 500 – 1,000 gpm, 1,000 – 1,500 gpm, and above 1,500 gpm. By power source, it’s fuel powered fire pumps and electric powered fire pumps.
By product type, it’s portable fire pumps, fixed fire pumps, and skid fire pumps. By end-use, it’s manufacturing (automotive and transportation, chemicals, pulp and paper, electrical and electronics, pharmaceuticals, and likewise), petroleum refining, metals and mining, commercial (educational institutions, corporate offices, lodging, multiplex and amusement park), airport, rail, and metro stations, and others), and residential. Country-wise, it’s the US and Canada.
Persistence Market Research has entailed these findings with future courses of action in its latest market study entitled “North America Fire Pump Market”.
The US holds more than 75% of the market share due to mandates laid down by NFPA (National Fire Protection Association) regarding usage of fire pumps on any of the properties (commercial and residential).
The year 2020 alone saw the US witnessing 1,388.5K fire incidencts as well as property loss of close to US$ 21.9 Bn. Canada is expected to grow in fire pumps market on the basis of prevalence of structural fire, which accounts for close to 60% of the overall fire-related mishaps. Persistence Market Research has enlisted these facts with future prospects in its latest market study entitled “North America Fire Pump Market”.
Persistence Market Research has enlisted the key participants in North America Fire Pump Market as Armstrong Fluid Company, Canariis Corporation, Cummins Fire Power, Hale Products, Inc., Peeerless Pump Company, Xylem Inc., Pentair Ltd., Ruhrpumpen Group, Shanghai Guomei Pump Co., Ltd., SPP Pumps, Talco Fire Systems, Wilo SE, and W.S. Darley & Co.
These players are also engaged in various modes of expansion to sustain themselves amidst fierce competition. They include mergers, acquisitions, new product launch, partnerships, joint ventures, and partnerships.
The Road Ahead
North America fire pump market is likely to witness consistency in the forecast period – Persistence Market Research