
North America Fire Pump Controllers Market
No. of Pages: 101 | Report Code: BMIRE00027651 | Category: Electronics and Semiconductor
No. of Pages: 101 | Report Code: BMIRE00027651 | Category: Electronics and Semiconductor
Growing Construction Activities in Residential and Commercial Buildings
The construction of commercial and residential buildings is growing, majorly in developing countries. This growth is attributed to the rising demand for houses due to rising sustained employment, record-low interest rates, and a surge in government programs such as HomeBuilder. Furthermore, several government initiatives are supporting the growth of the housing industry. Moreover, strong economic conditions and low housing loan interest rates are propelling the expansion of construction activities across North America. Thus, the growing construction activities in residential and commercial buildings are increasing the demand for fire safety systems, which is boosting the growth of the fire pump controllers market.
Market Overview
The North America fire pump controllers market is segmented into three major countries—the US, Canada, and Mexico. In 2021, the US led the market with a substantial revenue share, followed by Canada, which is expected to register the highest CAGR in the North America fire pump controllers market from 2022 to 2028. The deployment of fire pumps across various industrial, commercial, and residential construction projects is catalyzing the demand for fire controller systems across the region. North America has one of the most advanced infrastructures constructed with several safety and security regulatory norms. Every construction across the region is made prioritizing higher safety of its applications. Various types of safety and protection equipment, such as fire pumps, controller assemblies, and other safety tools are installed. The rising commercial construction projects and industrial expansion are among the major factors supporting the installation of fire pumps and pump controllers across the region. The major vendors, such as Eaton Flowserve Corp and Hubbell Inc. operating in the region support the market growth. Moreover, vendors across the region have been focusing on the development of new and innovative products to cater to the growing market demands and remain competitive in the market. For instance, in January 2020, Metron (a subsidiary company of Hubbell Inc.) introduced a new FD5 Series fire pump controller that is certified with NFPA20, UL218, and FM 1321/1332 standards and comprises automated circuit systems with digital displays for diesel engine fire pump controllers. Such initiative has been pushing the market vendors to come up with new solutions to cater to the growing demand for industrial automation across the region.
North America Fire Pump Controllers Market Segmentation
The North America fire pump controllers market is segmented into type, end user, and country.
ComAp AS, Eaton Corp Plc, Firetrol Inc, Flowserve Corp, Grundfos Holding AS, Hubbell Inc, Master Control Systems Inc, NAFFCO FZCO, Pentair Plc, and Tornatech Inc are the leading companies operating in the fire pump controllers market in the region.
The North America Fire Pump Controllers Market is valued at US$ 313.84 Million in 2022, it is projected to reach US$ 429.84 Million by 2028.
As per our report North America Fire Pump Controllers Market, the market size is valued at US$ 313.84 Million in 2022, projecting it to reach US$ 429.84 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The North America Fire Pump Controllers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Fire Pump Controllers Market report:
The North America Fire Pump Controllers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Fire Pump Controllers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Fire Pump Controllers Market value chain can benefit from the information contained in a comprehensive market report.