Latin America Fire Pump Market, By Component (Pump, Coupling, Controller, Engine, Panels, Accessories), Power Source (Diesel Fire Pump, Electric Fire Pump, Steam Turbine, Dual Fire Pump), Product Type (Vertical Inline, Horizontal Split Case, Vertical Split Case, Vertical Turbine, and End Suction), Stage (Single, Multiple), Flow Capacity(500-750 Gpm,750-1000 GPM, 1000-1500 GPM, 1500-2000 GPM, and Above 2000), Application (Sprinkler System, Irrigation, Hydrant System, Boiler Feed, Sludge Handling, Waste Water, Storm Water Handling), Vertical (Industrial, Commercial, Residential), Country (Brazil, Argentina, Rest of South America) - Industry Trends and Forecast to 2028.
Market Analysis and Insights of Fire Pump Market
Fire pump market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the fire pump market to reach at an estimated value of USD 1816.9 million by 2028 and grow at a CAGR of 3.10% for the forecast period of 2021-2028.
Fire pump is a firefighting apparatus which is integrated in the fire protection system’s water to supply and is powered by diesel, steam or electric. It basically increases the pressure or energy of the water. It is transported to a fire scene and immediately made operational to deliver large quantities of water onto the fire.
The rising population, huge rise in establishment of urban setting and improved finances of emerging economies across the globe will emerge as the major factor driving market growth. The factors such as expansion of the oil and gas sector and rise in oil and gas exploration, processing, and transportation facilities and stringent regulations and guidelines that necessitates industries to invest in measures for safety of their human resources will further aggravate the market value. However, less adoption of fire pump in undeveloped countries act as a restraint for the market.
In addition to this, various rising technological advancements and research and development activities by manufacturers create new opportunities for growing the market within the forecast period. The disruption in supply chain due to lockdown restriction due to COVID-19 will dampen the growth rate that further result as a challenge for the market.
This fire pump market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fire pump market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Latin America Fire Pump Market Scope and Market Size
The fire pump market is segmented on the basis of component, power source, product type, stage, flow capacity, application and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the market is segmented into pump, coupling, controller, engine, panels and accessories.
- On the basis of power source, the market is segmented into electric fire pump, diesel fire pump, steam turbine, dual fire pump.
- On the basis of product type, the market is segmented into horizontal split case, vertical split case, vertical inline, vertical turbine, and end suction.
- On the basis of stage, the market is segmented into single stage and multi stage.
- On the basis of flow capacity, the market is segmented into 500-750 GPM, 750-1000 GPM, 1000-1500 GPM, 1500-2000 GPM, 2000 Above GPM.
- On the basis of application, the market is segmented into sprinkler system, irrigation, sludge handling wastewater, hydrant system, boiler feed, waste water, storm water handling.
- On the basis of vertical, the market is segmented into industrial, residential and commercial.
Fire pump Market Country Level Analysis
The fire pump market is analyzed and market size, volume information is provided by component, power source, product type, stage, flow capacity, application and vertical as referenced above.
The countries covered in the fire pump market report are Brazil, Argentina and Rest of South America as part of South America.
The country section of the fire pump market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fire Pump Market Share Analysis
The fire pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Latin America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fire pump market.
The major players covered in the fire pump market report are Pentair, Ruhrpumpen Group, Grundfos Holding A/S, Xylem, Warson Group, Inc., Tornatech, Eaton, Cummins Inc., Armstrong Fluid Technology, Patterson Pump Company, Firex srl, Shibaura Machine CO., LTD, Panda Group, The Gorman-Rupp Company, KSB SE & CO. KGAA, American-Marsh Pumps, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
