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The fire pump controllers market size is forecast to increase by USD 297.6 million at a CAGR of 4.9% between 2023 and 2028. The market's growth hinges on several factors, including the increasing focus on weather and topography-specific uniforms, specific camouflage uniforms tailored for different military units, and the growing deployment of snipers in war zones. Weather and topography-specific uniforms enhance soldiers' effectiveness by providing appropriate protection and concealment in diverse environments. Tailored camouflage uniforms for different military units optimize concealment strategies and enhance unit identity and cohesion. Additionally, the growing deployment of snipers in war zones underscores the need for specialized equipment and attire to support their operations effectively.
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The market is pivotal for ensuring fire safety infrastructure in diverse sectors like power generation, steel production, and manufacturing operations. As industries strive for revenue growth, robust controllers play a crucial role in mitigating fire incidents with precise management of flow rate, motor speed, and pressure levels. In the construction sector, adherence to stringent building codes mandates the integration of reliable fire pump controllers in commercial buildings, data centers, and residential spaces. Leading players like Metron and SPP Pumps drive future developments through innovative product strategies, leveraging insights from telephonic interviews, surveys, and questionnaires to maintain a competitive position in both established and emerging economies. Our researchers studied the market research and growth data for years, with 2023 as the base year along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the increasing availability of IoT-enabled pump controllers. There is a growing adoption of the Internet of Things (IoT) across industries to streamline their business processes and reduce operational costs without any compromise in quality. The main advantage of IIoT is that it enables interconnecting all machinery, sensors, controllers, and other associated systems and continuously collects performance data to improve efficiency through big data analytics.
Moreover, some of the significant developments with the incorporation of IoT-enabled devices in industries include the emergence of smart factories, with enhanced productivity, lower inventory, and minimal wastage of raw materials. One of the main advantages of the implementation of IoT in these systems is that it helps to connect the sensors to the central fire safety room and accelerates fire detection. Hence, such applications are expected to drive the market growth during the forecast period.
The emergence of VFD fire pump controllers is a primary trend shaping market growth.. A variable frequency drive also known as VFD, can be referred to as a motor controller that controls the frequency and voltage applied to the electric motor to ensure proper control over the electric motor. It is mainly designed to operate at a certain pressure as per the requirement at the point of installation.
The main application of VFD is that it helps to enhance energy efficiency while improving the overall quality of service and reducing associative maintenance costs. Several prominent vendors are expected to implement VFD in their product offerings. Hence, these factors are expected to drive the market growth during the forecast period.
The slowdown in industrial sector growth is one of the key challenges hindering the market growth. Even though the global market is expected to grow, there can be a significant threat that can hinder the market due to the slowdown in industrial growth and economic recession. One of the key countries with the largest market share is China.
However, the economic recession and weakening currency, have significantly impacted the market growth in China. Furthermore, other than China, several oil and gas-exporting countries that were the worst affected by this decline include Brazil, Russia, Argentina, some Middle Eastern economies, and several African countries. Hence, such factors are expected to hinder the market during the forecast period.
The industrial segment is estimated to witness significant growth during the forecast period. There is an increasing need for increased need for the adoption of fire safety equipment due to the harsh environmental conditions in industries such as oil and gas, chemical and petrochemicals, and mining and metals involving the production of high-explosive products.
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The industrial segment was the largest segment and was valued at USD 406.40 million in 2018. Factors such as growing incidents of explosions in industries have led to the formulation of strict guidelines by several governments and international agencies regarding the use of fire safety and explosion-proof equipment in industrial premises. Thus, such guidelines have fuelled the demand for fire safety equipment, such as fire pump controllers, to ensure the safety of assets and the workforce. This is one of the crucial parts of industrial fire suppression systems as it is responsible for controlling the speed of the pump to pump water from a dedicated source into the building in the event of a fire breakout. Hence such factors are expected to drive the growth of this segment which in turn will drive the growth of the market during the forecast period.
Based on type, the segment is classified into electric fire pump controller and diesel fire pump controller. Electric fire pump controllers are widely used with electric motor-driven fire pumps that need to be started at full voltage in case of a fire outbreak. Factors such as low maintenance costs owing to the efficient operation of electric pumps are expected to drive the adoption of electric fire pump controllers across industries. Furthermore, strict safety regulations have encouraged manufacturers to release new and improved versions of their product offerings. Hence, such factors are expected to drive the growth of this segment which in turn will drive the growth of the market during the forecast period.
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APAC is estimated to contribute 44% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market growth and trends influencing the market's trajectory throughout the forecast period. One of the main reasons for the significant growth of the global market in APAC is that the region is a major hub for the manufacturing activities of a majority of industries, including the key end-users. According to the World Bank Group, the global population of the region has reached over 2 billion. Thus this increase in population has fuelled the growth of several consumables and other commodities which in turn leads to more manufacturing activities and thus increases the demand. Hence, such factors are expected to drive the market analysis and report of the global market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ComAp AS: The company offers InteliDrive Lite FPC , and InteliDrive Lite EM Controllers.
Cummins Inc: The company offers CFP50, CFP60E, and CFP30E.
We also have detailed analyses of the market’s competitive landscape and offer information on key companies, including:
Aline Pumps Sales and Service Pty Ltd, ComAp AS, Cummins Inc., Dynatek Instruments Pvt.Ltd, Eaton Corp. Plc, Firetrol Inc., Flotronix Corp., Flowserve Corp., Grundfos Holding AS, Hubbell Inc., Kirloskar Brothers Ltd., LOVATO Electric Spa, Master Control Systems Inc., NAFFCO FZCO, Nickerson Company Inc., Pentair Plc, Schneider Electric SE, SFFECO Global, Tornatech Inc., and Vertiv Holdings Co.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Industrial Pump Rental Market: Industrial Pump Rental Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Canada, Russia, Germany, Poland - Size and Forecast
Gas Sensors Market: Gas Sensors Market Analysis APAC,North America,Europe,South America,Middle East and Africa - US,China,South Korea,Japan,Germany - Size and Forecast
Titanium Mill Products Market: Titanium Mill Products Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Japan, France, Germany - Size and Forecast
In the Fire Pump Controllers Market, emphasis on logic and security precautions ensures swift and efficient response to fire emergencies in various buildings. With a focus on energy economy, both diesel-powered fire and electric-powered fire pump controllers offer reliable performance while optimizing energy usage.
Furthermore, these controllers play a crucial role in irrigation systems, wastewater management, and sludge treatment, supporting diverse applications across industries. Manufacturers integrate energy-saving features to enhance efficiency and drive cost savings. Adherence to industry standards ensures the reliability and safety of certified fire pump controllers, facilitating seamless pump operations through advanced control panels.
Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2024-2028 |
USD 297.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.59 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, Germany, UK, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aline Pumps Sales and Service Pty Ltd, ComAp AS, Cummins Inc., Dynatek Instruments Pvt.Ltd, Eaton Corp. Plc, Firetrol Inc., Flotronix Corp., Flowserve Corp., Grundfos Holding AS, Hubbell Inc., Kirloskar Brothers Ltd., LOVATO Electric Spa, Master Control Systems Inc., NAFFCO FZCO, Nickerson Company Inc., Pentair Plc, Schneider Electric SE, SFFECO Global, Tornatech Inc., and Vertiv Holdings Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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