The water supply for a fire sprinkler system comes from a fire pump, which can be powered by diesel or electricity. Governments all over the world are becoming more proactive about public safety and putting in place the infrastructure needed to lessen the damage that fires could do. This thing is making the market for fire pumps grow. The market for fire pumps is also being driven by fast industrialisation and strict safety rules in manufacturing industries.
The fire pumps market is growing because there are more fires in commercial and residential areas, which makes people want more fire safety. Also, strict rules and regulations are forcing industries to put safety measures in place for their human resources. In the coming years, this factor is also likely to help the market for fire pumps grow.
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COVID-19 slows growth in the short term, but growth will pick up again in the long term.
The COVID-19 pandemic has hurt the industry of industrial automation and equipment, which includes the market for fire pumps.
Several companies that make fire pumps have seen a drop in sales and production because they had to stop doing business because of rules about social distance. Employees are being told to stay inside, which slows down work at the site.
Logistical problems are making it hard for factory workers to get to work, which is making the market go down even more.
Governments have realised how important it is to put out fires and have been taking steps to make sure the market runs smoothly.
After all, firefighting is considered an essential service, which puts it on the same level as healthcare and pharmaceuticals, food and agriculture, information and communications technology, and power generation.
Everyone who works in firefighting is given protective gear and told to keep a strict social distance on the job site. This keeps the industry going. So, in the long run, the fire pumps market will see a rise in sales.
The “Global Fire Pumps Market Analysis to 2028” is a specialised and in-depth study of the fire pumps industry, with a focus on the global market trend analysis. The goal of the report is to give an overview of the market for fire pumps, including a breakdown of the market by operating power, product, application, and geography. During the next few years, the global market for fire pumps is expected to grow quickly. The report gives key statistics on the market status of the top players in the market for fire pumps, as well as key trends and opportunities in the market for fire pumps.
The global market for fire pumps is split up by operating power, product, and application. The market is divided into electric-powered and diesel-powered groups based on how they work. Based on the type of product, the market is divided into horizontal split case, vertical split case, in-line fire pump, vertical turbine, and end suction. Based on how they are used, the market is divided into four groups: field emergency, industrial, commercial, and others.
The report gives a detailed overview of the industry, including both qualitative and quantitative information. It gives an overview and forecast of the global market for fire pumps based on different types of pumps. It also gives market size and forecast estimates from 2020 to 2028 for five major regions: North America, Europe, Middle East and Africa (MEA), Asia-Pacific (APAC), and South America. The market for fire pumps in each region is then broken down by country and segment. The report looks at and makes predictions about 18 countries around the world, as well as the current trends and opportunities in the region.
The report looks at factors that affect the fire pump market from both the demand and supply sides. It also looks at the drivers, restraints, opportunities, and future trends that will affect the market during the forecast period. After looking at the political, economic, social, and technological factors that affect the fire pumps market in North America, Europe, APAC, MEA, and South America, the report also gives a full PEST analysis for all five regions. These regions are North America, Europe, APAC, MEA, and South America.