At 2.2% CAGR, the South & Central America Fire Pump Controllers Market is projected to be worth US$ 57.15 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South & Central America fire pump controllers market was valued at US$ 50.01 million in 2022 and is expected to reach US$ 57.15 million by 2028, registering a CAGR of 2.2% from 2022 to 2028. Growing technological advancement and adoption of fire safety systems and increasing number of strategic alliances to prompt fire safety are the critical factors attributed to the market expansion.

Fire safety is important in residential and commercial buildings, such as hospitals and offices. The facility managers should focus their fire protection strategies on the maintenance of existing technologies and identify the requirement for system upgradation. Further, the internet of things (IoT) is driving the evolution of fire safety systems. The technology can also be integrated with mass notification, making it smarter, thereby providing proactive inspections and faster response time. Thus, the technological advancements and adoption of such fire safety systems will further create a lucrative opportunity for 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 South & Central 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 54.8% market share in 2022, amassing US$ 27.38 million. It is projected to garner US$ 32.13 million by 2028 to expand at 2.7% CAGR during 2022–2028.
• Based on end user, the market is segmented into industrial, commercial, and residential. The With 74.3% share of the domain, the industrial segment dominated the market in 2022. It accrued US$ 37.14 million in 2022 and is estimated to generate US$ 43.28 million by 2028 to grow at a CAGR of 2.6% over the forecast period.

Our regional analysis states that Brazil captured 81.6% market share in 2022. It was assessed at US$ 40.80 million in 2022 and is likely to hit US$ 47.60 million by 2028, exhibiting a CAGR of 2.6% during the forecast period.

Key players dominating the South & Central America fire pump controllers market are ComAp AS, Eaton Corp Plc, Flowserve Corp, Grundfos Holding AS, Hubbell Inc, Master Control Systems Inc, NAFFCO FZCO, 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.

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