For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Fire Pump (UL Listed or FM Approved) market:
According to our latest research, the global Fire Pump (UL Listed or FM Approved) market looks promising in the next 5 years. As of 2022, the global Fire Pump (UL Listed or FM Approved) market was estimated at USD 440.07 million, and it's anticipated to reach USD 559.34 million in 2028, with a CAGR of 4.08% during the forecast years.
A fire pump usually refers to a pressure-increasing component of the water supply for fixed-place fire suppression systems such as fire sprinklers, standpipes, and foam systems. Fire pumps are also a critical component integrated into fire trucks and fire boats, and serve a similar purpose boosting water supplies for firefighting hose operations. Fire pump is a part of the fire sprinkler system's water supply. When the pressure in sprinkler system risers and standpipes drops below a threshold, the fire pump starts to provide water flow at a higher pressure. "UL listed" and "FM Approved" are products that have undergone strict third-party testing according to the standards of FM Global and UL (formerly known as Underwriters Laboratories) and other groups.
The fire pump contains below main types: Horizontal Split Case Fire Pump, End Suction Fire Pump, Vertical in-Line Fire Pump, Vertical Turbine Fire Pump, and Vertical Split Case Fire Pump.
COVID-19 has an impact on the global economy. The COVID-19 epidemic spread to more than 210 countries and regions around the world in three months, affecting nearly 7 billion people. The coronavirus epidemic has impacted all aspects of human health, economic growth, social development, national security, and international relations. It is a comprehensive challenge. The epidemic has drastically reversed expectations of moderate growth in the world economy in early 2020. After the outbreak, the employment situation in various countries has become more severe. Global investors panic, triggering turmoil in the financial and capital markets. The epidemic has caused huge losses to related industries and international trade. From the perspective of the general background, exports, consumption, and investment are driving the economy. After the outbreak of the epidemic, consumption, exports, and investment have all been affected to some extent. Therefore, the global economic downturn is inevitable.
More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021. The global economic downturn caused by COVID-19 is not good for the development of any industry.
The impact of the COVID-19 outbreak on Fire Pump (UL Listed or FM Approved) is mainly concentrated in the industrial chain. The outbreak of COVID-19 has restricted the production of Fire Pump and caused the rupture of the industrial chain. Affected by traffic control and traffic restrictions during the epidemic, trade is restricted and the supply of raw materials from other countries is difficult. During the production process, workers cannot work as usual. The sales market has also been affected by the epidemic, making transportation more difficult. These factors have adversely affected the Fire Pump (UL Listed or FM Approved) industry.
Technological Factors
Technical factors are the key to affecting the performance of fire pumps, as well as an important factor affecting the fire pump industry. The improvement of production technology will accelerate production, improve efficiency, and save costs at the same time, which will bring greater profit margins to manufacturers. For example, modular production technology and intelligent production technology that are gradually being used in various industries, these leading technologies have also brought development employment to the fire pump industry. The development of information technology and communication technology has brought more convenience to the sales market. For example, online sales have shortened the distance between manufacturers and buyers, and accelerated the sales process. The development of technology has brought favorable development conditions to the fire pump industry.
Environmental Factors
Environmental factors are one of the factors that affect the fire pump industry. The environment is one of the main factors that affect the occurrence of fires. A hot and dry environment has a much higher probability of fire than a cold and humid environment, which means that there is a higher demand for fire pumps. With the increasing emphasis on global environmental protection issues, whether the raw materials of fire pumps are environmentally friendly and their impact on the environment should be taken into consideration by the manufacturer in the production process of fire pumps. The market for high-performance environmentally friendly material products is often more promising than the market for products made of ordinary materials. In the process of producing fire pumps, manufacturers should choose environmentally friendly raw materials and formulate environmentally friendly production processes. Fire pumps driven by diesel engines emit polluting gases, which can cause damage to the environment. With the increasingly stringent environmental protection policies, this will limit the development of the fire pump industry driven by diesel engines.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Clarke is one of the major players operating in the Fire Pump (UL Listed or FM Approved) market, holding a share of 62.43% in 2023.
Clarke
Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Arden Hills, Minnesota. The company's primary focus is on residential, commercial, industrial, municipal and infrastructure and agriculture applications.
Grundfos
Grundfos is a global water technology company dedicated to providing groundbreaking solutions to the world's water and climate challenges and improving people's quality of life. It produces water pumps, including circulating pumps, centrifugal pumps, solar pumps, self-priming pumps and submersible pumps. Its circulating pumps are used in heating, air conditioning and ventilation systems. Its industrial pumps are used in process facilities and for plant maintenance. Grundfos also provides pumps for irrigation, greenhouses and private, municipal and industrial water supply facilities.
Segmentation Overview:
As for product types, the Horizontal Split Case Fire Pump segment held the largest market share in 2022.
Application Overview:
By application, the Commercial Application segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Fire Pump (UL Listed or FM Approved) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Fire Pump (UL Listed or FM Approved) Market Report:
Market Size Estimates: Fire Pump (UL Listed or FM Approved) market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Fire Pump (UL Listed or FM Approved) market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fire Pump (UL Listed or FM Approved) market
Segment Market Analysis: Fire Pump (UL Listed or FM Approved) market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Fire Pump (UL Listed or FM Approved) market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Fire Pump (UL Listed or FM Approved) Market: Revenue and sales volume of major countries in each region
Fire Pump (UL Listed or FM Approved) Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Fire Pump (UL Listed or FM Approved) market in major regions.
Fire Pump (UL Listed or FM Approved) Industry Value Chain: Fire Pump (UL Listed or FM Approved) market raw materials & suppliers, manufacturing process, distributors, downstream customers
Fire Pump (UL Listed or FM Approved) Industry News, Policies & Regulations
Key players in the global Fire Pump (UL Listed or FM Approved) market are covered in Chapter 12:
Patterson
Armstrong
Pentair
Ruhrpumpen
SPP Pumps
KSB
Grundfos
Ebara Corporation
Flowserve
Xylem
In Chapter 2 and Chapter 15.1, based on types, the Fire Pump (UL Listed or FM Approved) market from 2018 to 2028 is primarily split into:
Horizontal Split Case Fire Pump
End Suction Fire Pump
Vertical in-Line Fire Pump
Vertical Turbine Fire Pump
Vertical Split Case Fire Pump
In Chapter 3 and Chapter 15.2, based on applications, the Fire Pump (UL Listed or FM Approved) market from 2018 to 2028 covers:
Industry Application
Commercial Application
Field Emergency
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Fire Pump (UL Listed or FM Approved) market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028