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 global 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.
Stringent government regulations across European countries for the installation of safety equipment in the commercial, industrial, and cooperative residential buildings is among the major factors catalyzing the deployment of fire protection systems and controller systems across the region. The demand from rising industrial expansion facilities for the installation of fire safety systems is another major factor generating the need for new installation of fire pump controllers. For instance, in September 2022, Rosatom State Nuclear Energy Corporation announced that it will be setting up a new and largest lithium-ion battery production facility involving the installation of several fire pumps, controller systems, and fire protection systems in Russia.
The Europe fire pump controllers market is highly fragmented due to the presence of large number of vendors operating across different European countries. The presence of vendors such as Grundfos Pumps Ltd, Stuart Group Ltd, Action Pumps Ltd, ComAp Control Ltd., SVE Corp, AquaGuard Pumps, Eaton, Pure Power, and Xylem UK is further catalyzing the growth of fire pump controllers market. These companies are collaboratively working with industrial facilities to understand their respective customers’ demands and provide reliable solution to remain competitive in the market. Moreover, the collaboration and acquisition strategies followed by these companies is leading to higher consolidation of the regional market. In April 2022, Johnson Controls announced that it has acquired Powertec Pumps Ltd to enhance its fire pump products portfolio in the fire suppression sector.
The Europe 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 Europe Fire Pump Controllers Market is valued at US$ 400.04 Million in 2022, it is projected to reach US$ 566.49 Million by 2028.
As per our report Europe Fire Pump Controllers Market, the market size is valued at US$ 400.04 Million in 2022, projecting it to reach US$ 566.49 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The Europe 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 Europe Fire Pump Controllers Market report:
The Europe Fire Pump Controllers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Fire Pump Controllers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Fire Pump Controllers Market value chain can benefit from the information contained in a comprehensive market report.