How Big is the Fire Fighting Pump Market?


Posted March 8, 2023 by Jessica_Shirley

The global fire fighting pump market is expected to reach USD 2.80 billion by 2028.

 
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Over the years, fire has caused huge losses to human life and destroyed property worth billions across the globe. The International Association of Fire and Rescue Services has reported that in 2020, more than 4 million fire accidents were reported across the globe. These incidents led to 20,700 people losing their lives, and a further 70,000 people were injured. Fire fighting pumps are an essential part of countering fire incidents. Fire pumps are required to pump various fire suppression substances, such as water and foam. These pumps are of two main categories centrifugal and positive displacement pumps and are further divided into horizontal, vertical, end suction, and inline. These pumps have various applications according to the space of installations, the pressure required, the fire suppression substance used, and the building at which they will be installed. Portable fire pumps are one such fire pump in high demand in regions such as North America and Europe, as these regions have witnessed a high number of wildfires. Portable fire pumps play a huge role in controlling such incidents as they can pump water from any nearby source, thereby contributing to the growth of the fire fighting pumps market.

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The positive displacement fire fighting pumps market is growing at a CAGR of 2.67% during the forecast period. Positive displacement pumps are known for their capability to handle high-viscosity fluids. The flow and efficiency of these pumps increase as the viscosity of the fluids increase. These pumps are also capable of handling shear-sensitive fluids. Slug is a major component of processing in certain industries, such as waste treatment plants and coal slurry; in situations like these, positive displacement pumps are more efficient and preferred to centrifugal pumps.

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Last Updated March 8, 2023