North America Fire Pump Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America)

Description

The North American fire pump market is projected to experience substantial growth, with a market size of $568.881 million in 2024, expected to reach $743.5 million by 2031, growing at a CAGR of 3.9%. This growth is fueled by increasing urbanization and stricter building codes. Fire pumps, integral to building safety systems, are mandated by U.S. and Canadian regulations. They ensure consistent water pressure in sprinklers and standpipes during fires, playing a critical role in protecting human life and property.

Sales Analysis and Market Projections

Historically, the North American fire pump market faced challenges due to economic slowdowns and the COVID-19 pandemic. However, the market is now on a growth trajectory, driven by a resurgence in construction and infrastructure projects. Fire pumps, crucial for maintaining building safety, are expected to see a steady increase in demand.

The rising urban population and stricter building codes are key drivers of this growth. As urbanization progresses, governments are focusing more on human safety, boosting the consumption of fire pumps. The market benefits from macroeconomic factors such as a strengthening U.S. dollar and record-high home sales in North America.

Market Dynamics and Trends

1. Rising Urbanization and Infrastructure Development: The increasing concentration of populations in urban areas has led to stricter building codes and regulations, driving the demand for fire pumps. This urbanization, coupled with ongoing infrastructure development, ensures a steady market for fire safety equipment.

2. Strengthening U.S. Dollar: The strong U.S. dollar positively impacts the affordability of imports, aiding the fire pump market. However, this also presents challenges for exports, potentially affecting the competitive position of U.S. products in the global market.

3. Growth in Warehouse Facilities: The rise in global warehouse inventory across various industries has spurred the construction of new warehouse facilities, increasing the demand for fire safety equipment, including fire pumps. This trend is expected to continue, driven by factors such as e-commerce, supply chain modernization, and urbanization.

Technological Advancements

IoT and Cloud-Based Monitoring: The integration of digitalization and the Internet of Things (IoT) is transforming industrial automation. IoT-enabled fire pumps and cloud-based monitoring solutions are gaining traction. Leading companies like Peerless have already implemented cloud-based fire pump monitoring solutions, allowing businesses to monitor operational characteristics and receive fault notices remotely.

Challenges in the Fire Pump Market

High Maintenance Costs: The maintenance of fire pumps, particularly diesel fire pumps, is a significant challenge. Regular no-flow/churn testing is required, involving tasks such as recording pressure gauge readings and checking packing glands. The high cost of maintenance, especially for diesel systems, is a concern for end-users and impacts market growth.

Country-wise Insights

United States: The U.S. holds a dominant share in the North American fire pump market. The country's stringent fire safety standards and building codes, rolled out by organizations like the National Fire Protection Association (NFPA), drive market demand. The U.S. has witnessed numerous fire incidents and significant property loss, emphasizing the importance of robust fire safety systems.

Canada: In Canada, the fire pump market is expected to grow at a higher rate than the regional average. Structural fires, particularly in commercial and residential buildings, are prevalent. The growth in manufacturing, metals and mining, and real estate sectors, driven by population growth and rising disposable income, presents lucrative opportunities for fire pump suppliers.

Category-wise Insights

Pump Type: Horizontal Split Case: The horizontal split case fire pump is expected to dominate the market. Known for its high efficiency, low maintenance, and long operation life, this pump type is extensively used in both industrial and real estate applications. Its design allows easy maintenance without disturbing the suction or discharge piping, making it a preferred choice.

End Use: Commercial Sector: The commercial sector is the largest consumer of fire pumps in North America. This includes educational institutions, corporate offices, lodging, multiplexes, amusement parks, airports, and transportation hubs. The segment is anticipated to remain dominant, driven by ongoing urban development and infrastructure projects.

Impact of COVID-19 Crisis

The COVID-19 pandemic severely impacted the fire pump market's supply chain in North America. The intensity and duration of the pandemic's effects on the market are still uncertain, affecting financial stability and operational performance. Companies had to undertake restructuring actions to adapt to the changing business and economic conditions. While there has been some recovery, the uncertainty regarding the supply chain and market growth persists.

Competitive Analysis

The North American fire pump market is characterized by the presence of several key players, ranging from large-scale manufacturers to small and medium-sized enterprises. Prominent companies in the market include Xylem Inc., Pentair Ltd., Cummins Fire Power, Armstrong Fluid Company, Peerless Pump Company, W.S. Darley & Co., Wilo SE, Ruhrpumpen Group, and SPP Pumps. These companies are actively collaborating with service providers and regional dealers to expand their market presence and explore new opportunities.

Key Segments Covered in North America Fire Pump Industry Survey

Fire Pump Market by Type:

Horizontal Split Case
Vertical Split Case
Vertical In-Line
Vertical Turbine
End-Suction

Fire Pump Market by Rating:

Up to 500 gpm
500 to 1,000 gpm
1,000 to 1,500 gpm
Above 1,500 gpm

Fire Pump Market by Power Source:

Fuel Powered Fire Pumps
Electric Powered Fire Pumps

Fire Pump Market by Product Type:

Portable Fire Pumps
Fixed Fire Pumps
Skid Fire Pumps

Fire Pump Market by End Use:

Manufacturing (Automotive and Transportation, Chemicals, Pulp and Paper, Electrical and Electronics, Pharmaceuticals, Others)
Petroleum Refining
Metals and Mining
Commercial (Educational Institutions, Corporate Offices, Lodging, Multiplex and Amusement Park, Airport, Rail, and Metro Stations, Others)
Residential

Fire Pump Market by Country:

U.S.
Canada

1. Executive Summary

1.1. North America Fire Pump Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. North America Fire Pump Market Production Output, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2023
- 3.1.1. U.S.
- 3.1.2. Canada

4. Price Analysis, 2018 - 2023

4.1. North America Average Price Analysis, by Type/ Material, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Breast Tissue Prices
4.3. North America Average Price Analysis, by Country, US$ Per Unit

5. North America Fire Pump Market Outlook, 2018 - 2031

5.1. North America Fire Pump Market Outlook, by Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Horizontal Split Case
  - 5.1.1.2. Vertical Split Case
  - 5.1.1.3. Vertical In-Line
  - 5.1.1.4. Vertical Turbine
  - 5.1.1.5. End-Suction
5.2. North America Fire Pump Market Outlook, by Rating, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Up to 500 gpm
  - 5.2.1.2. 500 to 1,000 gpm
  - 5.2.1.3. 1000 to 1,500 gpm
  - 5.2.1.4. Above 1,500 gpm
5.3. North America Fire Pump Market Outlook, by Power Source, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Fuel Powered Fire Pumps
  - 5.3.1.2. Electric Powered Fire Pumps
5.4. North America Fire Pump Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Portable Fire Pumps
  - 5.4.1.2. Fixed Fire Pumps
  - 5.4.1.3. Skid Fire Pumps
5.5. North America Fire Pump Market Outlook, by End-use, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.5.1. Key Highlights
  - 5.5.1.1. Manufacturing
    - 5.5.1.1.1. Automotive and Transportation
    - 5.5.1.1.2. Chemicals
    - 5.5.1.1.3. Pulp and Paper
    - 5.5.1.1.4. Electrical and Electronics
    - 5.5.1.1.5. Pharmaceuticals
    - 5.5.1.1.6. Others
  - 5.5.1.2. Petroleum Refining
  - 5.5.1.3. Metals and Mining
  - 5.5.1.4. Commercial
    - 5.5.1.4.1. Educational Institutions
    - 5.5.1.4.2. Corporate Offices
    - 5.5.1.4.3. Lodging, Multiplex and Amusement Park
    - 5.5.1.4.4. Airport, Rail, and Metro Stations
    - 5.5.1.4.5. Others
  - 5.5.1.5. Residential
5.6. North America Fire Pump Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.6.1. Key Highlights
  - 5.6.1.1. U.S.
  - 5.6.1.2. Canada

6. U.S. Fire Pump Market Outlook, 2018 - 2031

6.1. U.S. Fire Pump Market Outlook, by Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Horizontal Split Case
  - 6.1.1.2. Vertical Split Case
  - 6.1.1.3. Vertical In-Line
  - 6.1.1.4. Vertical Turbine
  - 6.1.1.5. End-Suction
6.2. U.S. Fire Pump Market Outlook, by Rating, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Up to 500 gpm
  - 6.2.1.2. 500 to 1,000 gpm
  - 6.2.1.3. 1000 to 1,500 gpm
  - 6.2.1.4. Above 1,500 gpm
6.3. U.S. Fire Pump Market Outlook, by Power Source, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Fuel Powered Fire Pumps
  - 6.3.1.2. Electric Powered Fire Pumps
6.4. U.S. Fire Pump Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. Portable Fire Pumps
  - 6.4.1.2. Fixed Fire Pumps
  - 6.4.1.3. Skid Fire Pumps
6.5. U.S. Fire Pump Market Outlook, by End-use, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.5.1. Key Highlights
  - 6.5.1.1. Manufacturing
    - 6.5.1.1.1. Automotive and Transportation
    - 6.5.1.1.2. Chemicals
    - 6.5.1.1.3. Pulp and Paper
    - 6.5.1.1.4. Electrical and Electronics
    - 6.5.1.1.5. Pharmaceuticals
    - 6.5.1.1.6. Others
  - 6.5.1.2. Petroleum Refining
  - 6.5.1.3. Metals and Mining
  - 6.5.1.4. Commercial
    - 6.5.1.4.1. Educational Institutions
    - 6.5.1.4.2. Corporate Offices
    - 6.5.1.4.3. Lodging, Multiplex and Amusement Park
    - 6.5.1.4.4. Airport, Rail, and Metro Stations
    - 6.5.1.4.5. Others
  - 6.5.1.5. Residential

7. Canada Fire Pump Market Outlook, 2018 - 2031

7.1. Canada Fire Pump Market Outlook, by Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Horizontal Split Case
  - 7.1.1.2. Vertical Split Case
  - 7.1.1.3. Vertical In-Line
  - 7.1.1.4. Vertical Turbine
  - 7.1.1.5. End-Suction
7.2. Canada Fire Pump Market Outlook, by Rating, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Up to 500 gpm
  - 7.2.1.2. 500 to 1,000 gpm
  - 7.2.1.3. 1000 to 1,500 gpm
  - 7.2.1.4. Above 1,500 gpm
7.3. Canada Fire Pump Market Outlook, by Power Source, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Fuel Powered Fire Pumps
  - 7.3.1.2. Electric Powered Fire Pumps
7.4. Canada Fire Pump Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Portable Fire Pumps
  - 7.4.1.2. Fixed Fire Pumps
  - 7.4.1.3. Skid Fire Pumps
7.5. Canada Fire Pump Market Outlook, by End-use, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.5.1. Key Highlights
  - 7.5.1.1. Manufacturing
    - 7.5.1.1.1. Automotive and Transportation
    - 7.5.1.1.2. Chemicals
    - 7.5.1.1.3. Pulp and Paper
    - 7.5.1.1.4. Electrical and Electronics
    - 7.5.1.1.5. Pharmaceuticals
    - 7.5.1.1.6. Others
  - 7.5.1.2. Petroleum Refining
  - 7.5.1.3. Metals and Mining
  - 7.5.1.4. Commercial
    - 7.5.1.4.1. Educational Institutions
    - 7.5.1.4.2. Corporate Offices
    - 7.5.1.4.3. Lodging, Multiplex and Amusement Park
    - 7.5.1.4.4. Airport, Rail, and Metro Stations
    - 7.5.1.4.5. Others
  - 7.5.1.5. Residential
- 7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Competitive Landscape

8.1. Company Market Share Analysis, 2023
8.2. Competitive Dashboard
8.3. Company Profiles
- 8.3.1. Xylem Inc.
  - 8.3.1.1. Company Overview
  - 8.3.1.2. Product Portfolio
  - 8.3.1.3. Financial Overview
  - 8.3.1.4. Business Strategies and Development
- 8.3.2. Pentair Ltd.
  - 8.3.2.1. Company Overview
  - 8.3.2.2. Product Portfolio
  - 8.3.2.3. Financial Overview
  - 8.3.2.4. Business Strategies and Development
- 8.3.3. Cummins Fire Power
  - 8.3.3.1. Company Overview
  - 8.3.3.2. Product Portfolio
  - 8.3.3.3. Financial Overview
  - 8.3.3.4. Business Strategies and Development
- 8.3.4. Armstrong Fluid Company
  - 8.3.4.1. Company Overview
  - 8.3.4.2. Product Portfolio
  - 8.3.4.3. Financial Overview
  - 8.3.4.4. Business Strategies and Development
- 8.3.5. Peerless Pump Company
  - 8.3.5.1. Company Overview
  - 8.3.5.2. Product Portfolio
  - 8.3.5.3. Financial Overview
  - 8.3.5.4. Business Strategies and Development
- 8.3.6. W.S. Darley & Co.
  - 8.3.6.1. Company Overview
  - 8.3.6.2. Product Portfolio
  - 8.3.6.3. Financial Overview
  - 8.3.6.4. Business Strategies and Development
- 8.3.7. Wilo SE
  - 8.3.7.1. Company Overview
  - 8.3.7.2. Product Portfolio
  - 8.3.7.3. Financial Overview
  - 8.3.7.4. Business Strategies and Development
- 8.3.8. Ruhrpumpen Group
  - 8.3.8.1. Company Overview
  - 8.3.8.2. Product Portfolio
  - 8.3.8.3. Financial Overview
  - 8.3.8.4. Business Strategies and Development
- 8.3.9. SPP Pumps
  - 8.3.9.1. Company Overview
  - 8.3.9.2. Product Portfolio
  - 8.3.9.3. Financial Overview
  - 8.3.9.4. Business Strategies and Development

9. Appendix

9.1. Research Methodology
9.2. Report Assumptions
9.3. Acronyms and Abbreviations