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The Fire Pump Controllers Market size is estimated to grow at a CAGR of 5.06% between 2022 and 2027 and the size of the market is forecast to increase by USD 295.04 million. The growth of the market depends on several factors, such as the increasing availability of IoT-enabled pump controllers, the rise in global construction and infrastructure development activities, and the enforcement of stringent regulations.
This report extensively covers market segmentation by end-user (industrial, commercial, and residential), type (electric fire pump controller and diesel fire pump controller), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Fire Pump Controllers Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Key Driver
One of the key factors driving the fire pump controllers 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 fire safety systems is that it helps to connect the fire sensors to the central fire safety room and accelerates fire detection. Hence, such applications are expected to drive the fire pump controllers market growth during the forecast period.
A key factor shaping the fire pump controllers market growth is the emergence of VFD fire pump controllers. 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 in fire pump controllers 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 fire pump controllers market growth during the forecast period.
The slowdown in industrial sector growth is one of the key challenges hindering the fire pump controller market growth. Even though the global fire pump controllers 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 for fire pump controllers is China.
However, the economic recession and weakening currency, it has 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 fire pump controllers market growth during the forecast period.
Vendors 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 fire pump controllers such as InteliDrive Lite FPC , and InteliDrive Lite EM Controllers.
Cummins Inc: The company offers fire pump controllers such as CFP50, CFP60E, and CFP30E.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
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 petrochemical, 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 393.22 million in 2017. 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. The fire pump controller 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 fire pump controllers 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 fire pump controller 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 fire pump controllers market during the forecast period.
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APAC is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main reasons for the significant growth of the global fire pump controllers 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 of fire pump controllers. 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 for fire pump controllers. Hence, such factors are expected to drive the growth of the global fire pump controllers market in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global fire pump controllers market witnessed a significant slowdown due to the temporary halt in most industrial activities, particularly those connected to the construction, manufacturing, industrial solutions, oil and gas, chemical, and other industries/sectors. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of manufacturing operations. Such factors are expected to drive the market during the forecast period.
The fire pump controllers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Fire Pump Controllers Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.06% |
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Market growth 2023-2027 |
USD 295.04 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.45 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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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 S p A, Master Control Systems Inc., NAFFCO FZCO, Nickerson Company Inc., Pentair Plc, Schneider Electric SE, SFFECO Global, Tornatech Inc., and Vertiv Holdings Co. |
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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, and Market condition analysis for the forecast period. |
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Customization purview |
If our 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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