At 6.0% CAGR, the Europe Fire Pump Controllers Market is projected to be worth US$ 566.49 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe fire pump controllers market was valued at US$ 400.04 million in 2022 and is expected to reach US$ 566.49 million by 2028, registering a CAGR of 6.0% 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 construction of commercial and residential buildings is growing, majorly in developing countries. In July 2021, according to the TASS, Russian news agency, the commissioning of housing in Russia increased by 28.4% in the first 5 months of 2021 compared to 2020. 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. 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.

On the contrary, high capital investments for installation and maintenance of fire pump controllers hurdles the growth of Europe 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 55.6% market share in 2022, amassing US$ 222.46 million. It is projected to garner US$ 323.90 million by 2028 to expand at 6.5% CAGR during 2022–2028.
• Based on end user the market is segmented into industrial, commercial, and residential. With 76.1% share of the domain, the industrial segment dominated the market in 2022. It accrued US$ 304.16 million in 2022 and is estimated to generate US$ 439.96 million by 2028 to grow at a CAGR of 6.3% over the forecast period.

Our regional analysis states that Germany captured 45.3% market share in 2022. It was assessed at US$ 181.26 million in 2022 and is likely to hit US$ 271.92 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.

Key players dominating the Europe 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.

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