North America Fire Pump Controllers Market Forecast to 2028

North America Fire Pump Controllers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Electric Fire Pump Controller and Diesel Fire Pump Controller) and End User (Industrial, Commercial, and Residential)

Report Code : BMIRE00027651 | Region : North America | Industry : Electronics and Semiconductor | Published Date : 19/Dec/2022

The fire pump controllers market in North America is expected to grow from US$ 313.84 million in 2022 to US$ 429.84 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

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 Revenue and Forecast to 2028 (US$ Million)

North America Fire Pump Controllers Market Segmentation

The North America fire pump controllers market is segmented into type, end user, and country.

Based on type, the market is bifurcated into electric fire pump controller and diesel fire pump controller. The electric fire pump controller segment registered the larger market share in 2022. Based on end user, the market is segmented into industrial, commercial, and residential. The industrial segment held the largest market share in 2022. Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. 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.

At 5.4% CAGR, the North America Fire Pump Controllers Market is speculated to be worth US$ 429.84 Million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America fire pump controllers market was valued at US$ 313.84 million in 2022 and is expected to reach US$ 429.84 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Growing construction activities in residential and commercial buildings and rising number of product launches are the critical factors attributed to the market expansion.

The growing demand for fire pump controllers has compelled the fire pump controllers market players to boost their investment in the development of new and innovative product offerings. A few of the major product developments are mentioned below:

• In August 2021, Armstrong Fluid Technology unveiled its design envelope fire pump unit and a fire pump manager, a new connected service to track pump performance. The new design envelope fire pump is the first self-regulating variable-speed fire pump that meets NFPA-20 (2019 Edition), Section 4.8 standards. Also, it is reliable and safe, supported by real-time and historical test and performance data.

• In January 2020, Metron released its new FD5 Series, a microprocessor-based fire pump controller with a touchscreen display. It is compact and lightweight, making it ideal for commercial use. Also, it meets NFPA20, UL218, and FM 1321/1332 standards for diesel engine fire pump controllers.

• In December 2019, Tornatech announced the upgradation of its fire pump controllers. From January 2020, all Tornatech Model GPL and GPL+GLU controllers have been manufactured and equipped with various features such as an externally operable circuit breaker, a continuous rating of 115% of fuzzy logic controller (FLC), non-thermal type, and a quick trip of 20 times the FLC. Also, it has locked rotor protection and runs a test solenoid valve.

Such advancements in fire pump controllers, supported by high investments from manufacturers to enhance their product portfolio and innovate products as per the changing customer requirements, are driving the growth of the fire pump controllers market.

On the contrary, high capital investments for installation and maintenance of fire pump controllers hurdles the growth of North America fire pump controllers market.

Based on type, the market is bifurcated into electric fire pump controller and diesel fire pump controller. The electric fire pump controller segment registered the larger market share in 2022. The former held 55.1% market share in 2022, amassing US$ 172.87 million. It is projected to garner US$ 243.53 million by 2028 to expand at 5.9% CAGR during 2022–2028. Based on end user, the market is segmented into industrial, commercial, and residential. The With 73.8% share of the domain, the industrial segment dominated the market in 2022. It accrued US$ 231.50 million in 2022 and is estimated to generate US$ 324.14 million by 2028 to grow at a CAGR of 5.8% over the forecast period. Our regional analysis states that the US captured 68.7% market share in 2022. It was assessed at US$ 215.49 million in 2022 and is likely to hit US$ 305.18 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.

Key players dominating the North America fire pump controllers market are 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 among others.

A few key developments in market by top market players are as follows:

In 2021, Tornatech Model MPA Medium Voltage Electric Fire Pump Controllers are now available with the ViZiTouch V2 operator interface to upgrade product capabilities. In 2021, Pentair Plc announced that it has acquired Pleatco for approximately US$255 million in cash, subject to customary adjustments. Pleatco manufactures water filtration and clean air technologies for pool, spa, and industrial air customers.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Fire Pump Controllers Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Fire Pump Controllers Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Growing Construction Activities in Residential and Commercial Buildings

5.1.2 Increasing Number of Product Launches

5.2 Market Restraints

5.2.1 High Capital Investments for Installation and Maintenance of Fire Pump Controllers

5.3 Market Opportunities

5.3.1 Growing Technological Advancement and Adoption of Fire Safety Systems

5.3.2 Increasing Number of Strategic Alliances to Prompt Fire Safety

5.4 Future Trends

5.4.1 Emergence of Variable Speed Drive (VFD) Fire Pump Controllers

5.4.2 Rising Number of Initiatives Regarding Fire Safety

5.5 Impact Analysis of Drivers and Restraints

6. Fire Pump Controllers Market – North America Market Analysis

6.1 North America Fire Pump Controllers Market Overview

6.2 North America Fire Pump Controllers Market Forecast and Analysis

7. North America Fire Pump Controllers Market Analysis – By Type

7.1 Overview

7.2 North America Fire Pump Controllers Market, By Type (2021 And 2028)

7.3 Electric Fire Pump Controller

7.3.1 Overview

7.3.2 Electric Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)

7.4 Diesel Fire Pump Controller

7.4.1 Overview

7.4.2 Diesel Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)

8. North America Fire Pump Controllers Market Revenue and Forecast to 2028 – End-User

8.1 Overview

8.2 North America Fire Pump Controllers Market, End-User (2021 And 2028)

8.3 Industrial

8.3.1 Overview

8.3.2 Industrial: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)

8.5 Residential

8.5.1 Overview

8.5.2 Residential: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)

9. North America Fire Pump Controllers Market – Country Analysis

9.1 Overview

9.1.1 North America Fire Pump Controllers Market Breakdown, by Country

9.1.1.1 US Fire Pump Controllers Market, Revenue and Forecast to 2028

9.1.1.1.1 US Fire Pump Controllers Market Breakdown, By Region

9.1.1.1.2 US Fire Pump Controllers Market Breakdown, By Type

9.1.1.1.3 US Fire Pump Controllers Market Breakdown, End-User

9.1.1.2 Canada Fire Pump Controllers Market, Revenue and Forecast to 2028

9.1.1.2.1 Canada Fire Pump Controllers Market Breakdown, By Type

9.1.1.2.2 Canada Fire Pump Controllers Market Breakdown, End-User

9.1.1.3 Mexico Fire Pump Controllers Market, Revenue and Forecast to 2028

9.1.1.3.1 Mexico Fire Pump Controllers Market Breakdown, By Type

9.1.1.3.2 Mexico Fire Pump Controllers Market Breakdown, End-User

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 Merger and Acquisition

11. Company Profiles

11.1 ComAp AS

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Eaton Corp Plc

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Flowserve Corp

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Grundfos Holding AS

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Hubbell Inc

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Master Control Systems Inc

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 NAFFCO FZCO

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Pentair Plc

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Firetrol Inc

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Tornatech Inc

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About the Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1. North America Fire Pump Controllers Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Fire Pump Controllers Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 3. US Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Region (US$ Million)

Table 4. US Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 5. US Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)

Table 6. Canada Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 7. Canada Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)

Table 8. Mexico Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 9. Mexico Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)

Table 10. List of Abbreviation

LIST OF FIGURES.

Figure 1. North America Fire Pump Controllers Market Segmentation

Figure 2. North America Fire Pump Controllers Market Segmentation – By Country

Figure 3. North America Fire Pump Controllers Market Overview

Figure 4. Electric Fire Pump Controller Segment held the Largest Share of North America Fire Pump Controllers Market

Figure 5. Industrial Segment held the Largest Share of North America Fire Pump Controllers Market

Figure 6. US to Show Great Traction During Forecast Period

Figure 7. North America– PEST Analysis

Figure 8. Ecosystem Analysis: Fire Pump Controllers Market

Figure 9. Expert Opinion

Figure 10. North America Fire Pump Controllers Market: Impact Analysis of Drivers and Restraints

Figure 11. North America Fire Pump Controllers Market Forecast and Analysis (US$ Million)

Figure 12. North America Fire Pump Controllers Market, By Type (2021 and 2028)

Figure 13. North America Electric Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America Diesel Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Fire Pump Controllers Market, By End-User (2021 and 2028)

Figure 16. North America Industrial: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Commercial: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Residential: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. North America Fire Pump Controllers Market, By Key Country - Revenue (2021) (US$ Million)

Figure 20. North America Fire Pump Controllers Market Breakdown, by Country, 2021 & 2028 (%)

Figure 21. US Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)

Figure 22. Canada Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)

Figure 23. Mexico Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)

● ComAp AS

● Eaton Corp Plc

● Firetrol Inc

● Flowserve Corp

● Grundfos Holding AS

● Hubbell Inc

● Master Control Systems Inc

● NAFFCO FZCO

● Pentair Plc

● Tornatech Inc

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America fire pump controllers market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America fire pump controllers market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the fire pump controllers market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

TOP