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Global outlook for firefighting pump market released


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LinkedIn has announced the release of the report “Fire Fighting Pump Market – Global Outlook & Forecast 2023-2028.

The centrifugal fire fighting pump market was valued at USD 1.8 billion in 2022 and dominated the product type segment.

The positive displacement fire fighting pumps market is growing at a CAGR of 2.67% during the forecast period. 

Construction boost

In 2021, Europe witnessed a year-on-year growth of 4-6% in new resorts and hotel construction. These construction activities are expected to boost the fire fighting pumps market as they require installing fire safety equipment such as standpipes, sprinkler systems, and fire pumps.

APAC, countries, such as India, have invested USD 1.103 billion to develop sports infrastructure between 2022-2025. Approximately 300 sports infrastructural facilities across the country. All these facilities require installing fire safety equipment, propelling the fire fighting pumps market during the forecasted period.

Increasing wildfire

Regions of Europe and the U.S. have witnessed an increase in wildfire incidents. In California, there were more than 7,095 incidents in 2021. These incidents are increasing due to extreme climate conditions because of climate crises.

Australia has been affected immensely due to wildfires. The fire season of 2019 was of particular interest as it caused economic damage of more than USD 100 million. It was also responsible for killing or injuring more than 3 billion wildlife populations. Such an increasing number of incidents have gathered the requirements for firefighting pumps.

The full report can be accessed here.

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