Sarasota, FL -- (SBWIRE) -- 06/09/2017 -- Zion Market Research, the market research group announced the analysis report titled "Fire Pump Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Fire Pump Market: Overview

A fire pump is a part of the water supply of the fire sprinkler systems. It is run by using diesel, electricity, or steam. It is generally connected with any water source that is static such as reservoir, tank and lake, or with the public underground water supply pipe. The fire pump machine is used to provide the fire sprinkler systems with high-pressure water flow. When the pressure of the fire sprinkler drops below a certain point, the fire pump starts working. The pressure usually drops if the building is very tall. During these times, the fire pump is used to supply water to the system. In accordance with the fire installation standard and occupancy hazard, the total fire pump should be installed in the fire sprinkler systems. The fire pumps should be tested, listed, and certified by the recognized laboratories and certified institutions.

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Fire Pump Market: Segmentation

The global market for fire pump is segmented into its product type, power, application, and geography. On the basis of product type, the market is segregated into vertical split case, horizontal split case, vertical turbine, vertical in line, and end suction. Based on power for using the fire pump, the market is divided into diesel fire pumps, electric fire pumps, dual fire pumps, and steam turbine. On the basis of application, the market is classified into irrigation, wastewater, sludge handling, stormwater handling, boiler feed, and others. Diversification of the market based on region is seen into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Fire Pump Market: Growth Factors

There has been a general increase in the incidences of fire at residential areas and manufacturing facilities. This has acutely increased the demand for fire pumps in the market. A substantial growth will be witnessed in the oil and gas industry in the near future. This will help to elevate the demand for fire pumps in the market. Other factors fuelling the market growth include rapid industrialization and increasing number of manufacturing sectors across the globe.

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Fire Pump Market: Regional Analysis

The largest share in the fire pump market is held by North America. Countries such as the U.S. and Canada are major contributors to the growth in this region. Following the lead of North America is Europe which is anticipated to provide a momentous market share. Countries such as Germany, the U.K., Italy, Spain, Russia, France, and Poland are among the major shareholders in the market growth of Europe. The revenue produced by the Middle East and African markets will be increasing at a considerable pace during the coming years. A fair share to the market growth will also be provided by regions such as Asia Pacific and Latin America.

Fire Pump Market: Competitive Players

Some of the major market players identified in the global fire pump market include Cet Fire Pumps MFG Inc., Pentair Ltd., Grundfos Pumps Corporation, Xylem Inc., Talco Fire Systems, Armstrong Fluid Technology, NAFFCO, Waterous, Eaton, and Canariis Corporation.

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Fire Pump Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa