NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global fire pump controllers market size is estimated to
grow by USD 297.6 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 4.9% during the forecast period.
Increasing availability of iot-enabled pump controllers is
driving market growth, with a trend towards emergence of
VFD fire pump controllers. However, slowdown in industrial
sector growth poses a challenge. Key market players include
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..
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Fire Pump
Controllers Market Scope
|
Report
Coverage
|
Details
|
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 2022-2023
(%)
|
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
|
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 Driver
Fire Pump Controllers Market: VFD Integration Boosts Energy
Efficiency and Reliability The Fire Pump Controllers Market is
witnessing significant growth due to the integration of Variable
Frequency Drives (VFDs). VFDs regulate motor frequency and voltage,
ensuring optimal control over electric motors. At set pressure
levels, VFDs adjust motor speed, decreasing water pressure from
pumps. This integration enhances energy efficiency, improves
service quality, and reduces maintenance costs. Additionally,
VFD-equipped fire pump controllers provide enhanced safety against
equipment failure, ensuring consistent pressure delivery to
sprinkler systems. Major vendors are incorporating VFDs into their
offerings, making it a market trend.
The Fire Pump Controller market is experiencing significant
growth due to the increasing demand for reliable and efficient fire
safety systems. Key players in this market offer solutions that
ensure the proper functioning of fire pumps during emergencies.
These controllers use advanced technologies like sensors and
communication systems to monitor pump performance and alert
operators in case of issues. Additionally, the integration of power
backup systems ensures uninterrupted operation during power
outages. The market is also witnessing the trend of remote
monitoring and control, enabling real-time monitoring and quick
response to potential fires. Overall, the Fire Pump Controller
market is poised for continued growth as the importance of fire
safety systems becomes increasingly recognized.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global fire pump controllers market is projected to expand
during the forecast period. However, growth may be hindered in
certain regions due to economic recessions and industrial
slowdowns. China, a significant
market, is affected by trade issues and a weakening currency,
leading to government plans to reduce bloated industries. Commodity
price declines in oil and gas-exporting countries, such as
Brazil and Russia, have caused long-term recessions and
decreased facility upgrades, negatively impacting the market.
- The Fire Pump Controller market faces several challenges. The
need for reliable and efficient fire protection systems is crucial,
yet ensuring their consistent performance can be difficult. The use
of outdated technology and lack of regular maintenance can lead to
inaccurate readings and potential system failures. Additionally,
the integration of various fire safety systems, such as sprinklers
and alarms, requires advanced technology and coordination.
Furthermore, the increasing demand for energy-efficient solutions
adds complexity to the design and implementation of fire pump
controllers. Lastly, the cost of compliance with regulations and
standards can be a significant challenge for market players.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This fire pump controllers market report extensively covers
market segmentation by
- End-user
- 1.1 Industrial
- 1.2 Commercial
- 1.3 Residential
- Type
- 2.1 Electric fire pump controller
- 2.2 Diesel fire pump controller
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Industrial- The fire pump controller market is
driven by the increased need for fire safety equipment in
industries such as oil and gas, chemical, and mining and metals.
Strict guidelines mandate the use of explosion-proof equipment,
boosting demand for fire pump controllers. These controllers
regulate the speed of pumps, supplying water during fires.
Single-stage and multi-stage pumps require controllers of varying
power delivery ratings. Large industries, like oil and gas and
chemical, with power requirements exceeding 30 MW, install multiple
fire pump controllers to ensure continuous operation and prevent
fire outbreaks. This trend is expected to fuel market growth during
the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Fire Pump Controllers market encompasses advanced
technologies designed for optimizing fire pump operations in
various buildings, ensuring security precautions during
construction and manufacturing operations. These controllers
integrate sensors to monitor pump performance and motor controller
status, enabling energy economy in both diesel-powered and
electric-powered fire pumps. Smart factories leverage fire pump
controllers with energysaving features to adhere to regulations and
certifications, enhancing overall system efficiency. Fire pump
controllers play a crucial role in maintaining the reliability and
effectiveness of fire protection systems, adhering to stringent
industry standards.
Market Research Overview
The Fire Pump Controller market encompasses innovative
technologies and solutions designed to manage and optimize the
performance of fire pumps in various industries. These controllers
ensure the reliable and efficient operation of fire protection
systems, safeguarding lives and assets. Key features include
real-time monitoring, automatic start-up, and fault detection. The
market is driven by stringent safety regulations and the increasing
demand for advanced fire safety systems. Additionally, the
integration of IoT and AI technologies is revolutionizing fire pump
controller systems, offering remote access, predictive maintenance,
and energy savings. The market is segmented based on application,
end-use industry, and geography.
Learn and explore more about Technavio's in-depth research
reports
The global traffic lights market is experiencing substantial
growth due to increasing urbanization and the need for efficient
traffic management systems. Key factors driving the market include
advancements in smart city technologies, rising traffic congestion,
and the implementation of intelligent transportation systems (ITS).
Innovations such as adaptive signal control technology (ASCT) and
energy-efficient LED traffic lights are enhancing traffic flow and
safety. The Asia-Pacific region is
expected to lead market growth, driven by rapid urban development
and government initiatives. Major players in the market are
focusing on strategic partnerships and technological advancements
to maintain their competitive edge.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Industrial
- Commercial
- Residential
- Type
-
- Electric Fire Pump Controller
- Diesel Fire Pump Controller
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio