At 5.4% CAGR, the North America Fire Pump Controllers Market is projected to be worth US$ 429.84 Million by 2028, says Business Market Insights

According to Business Market Insights’ 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com