Fire Pump Controllers Market Research Report and Outlook by 2028

By 2028, the fire pump controllers market is projected to reach a valuation of US$ 289.32 million, with an anticipated compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.

Fire hazards pose significant risks, resulting in loss of life and damage to property. It is crucial to stay vigilant and implement preventive strategies to minimize the risk of burns during fire incidents. Consequently, numerous initiatives have been launched to enhance public awareness regarding fire safety. For example, in October 2021, a global coalition comprising over 80 fire safety leadership organizations initiated a Decade of Action for Fire Safety from 2022 to 2032. This initiative aims to establish a consistent international framework for building safety and management, ultimately saving lives by mitigating risks and preventing catastrophic fires. In a similar vein, the University of Queensland's Fire Safety team in Australia has made significant updates for 2022, including the enhancement of online courses and the introduction of an advanced fire extinguisher training program that leverages cutting-edge technology. This training will be conducted by a member of the fire safety team and will utilize a fully immersive virtual reality system for extinguisher training. Such efforts are expected to drive the growth of the fire pump controllers market throughout the forecast period.

The increasing installation of fire pumps in various sectors, including industrial, commercial, and residential construction, is significantly boosting the demand for fire pump controllers globally. North America, known for its advanced infrastructure and stringent safety regulations, is witnessing a surge in the fire pump controllers market. Every construction project in this region prioritizes safety, which is a key factor in the growth of the fire pump controllers market. Numerous safety and protection devices, including fire pumps and controller assemblies, are being integrated into new constructions. The rise in commercial construction and industrial expansion are primary drivers for the installation of fire pumps and controllers in North America. Major players in the region, such as Eaton and Hubbell Inc., are contributing to the growth of the fire pump controllers market. Additionally, these companies are focused on innovation and product development to meet the increasing demands and maintain competitiveness in the fire pump controllers market. For instance, in January 2020, Metron, a subsidiary of Hubbell Inc., launched the FD5 Series fire pump controller, which complies with NFPA20, UL218, and FM 1321/1332 standards and features automated circuit systems with digital displays for diesel engine fire pump controllers.

In Europe, the fire pump controllers market is characterized by fragmentation due to the presence of numerous vendors across various countries. Companies such as Grundfos Pumps Ltd, Stuart Group Ltd, Action Pumps Ltd, ComAp Control Ltd., SVE Corp, AquaGuard Pumps, Eaton, Pure Power, and Xylem UK are actively contributing to the growth of the fire pump controllers market. These organizations are collaborating with industrial facilities to better understand customer needs and provide reliable solutions, thereby enhancing their competitive edge in the fire pump controllers market. Furthermore, the strategies of collaboration and acquisition among these companies are leading to greater consolidation within the regional fire pump controllers market. For example, in April 2022, Johnson Controls announced its acquisition of Powertec Pumps Ltd to expand its fire pump product offerings in the fire suppression sector.

The Asia Pacific (APAC) fire pump controllers market includes countries such as Australia, China, India, Japan, South Korea, and others. The rapid industrialization in nations like India, Malaysia, Indonesia, Singapore, Taiwan, and China is a significant factor driving the demand for industrial pumps and controller systems in the region. Additionally, APAC is home to three of the top five construction markets globally: China, India, and Indonesia. These countries consistently require the installation of fire protection systems in residential, commercial, and industrial buildings. The growth in industrial construction and the digital transformation of the industrial sector in the region are further propelling the expansion of the fire pumps and controller systems market. For instance, the establishment of numerous manufacturing facilities in emerging markets such as India, Taiwan, and Southeast Asia is driving the demand for fire pump and controller systems. A key contributor to the fire pump controllers market in Asia Pacific is China's status as a manufacturing hub, supplying various components and products to multiple industries. China boasts the largest and fastest-growing construction industry in the APAC region. According to the Fitch Solutions Infrastructure Report, China's construction market is expected to grow at an annual average of 5.2% from 2021 to 2029. The Chinese government is also focused on developing safe and robust construction structures, which increases the demand for fire safety systems. The country's extensive industrial sector, which includes numerous manufacturing facilities, warehouses, and storage units, continues to expand year-on-year, further driving the demand for fire pump controllers in China.

Key players in the fire pump controllers market include ComAp AS, Eaton Corp Plc, Hubbell Inc, Master Control Systems Inc, NAFFCO FZCO, Firetrol Inc, and Tornatech Inc. The market report offers comprehensive insights that will assist these key players in strategizing for growth in the upcoming years.

Technological advancements in fire pump controllers are enhancing the market's growth. For instance, in February 2022, Keltron Corporation announced its acquisition of MIJA Industries, Inc., a leading manufacturer of pressure gauge applications for medical, industrial, and fire protection sectors. This acquisition will enable Keltron to improve its fire extinguisher monitoring solutions by incorporating high-precision fire and oxygen gauges.

The fire pump controllers market is categorized by type and end-user. The types include electric fire pump controllers and diesel fire pump controllers. The end-user categories encompass industrial, commercial, and residential sectors.

The fire pump controllers market is divided into five primary regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, Asia Pacific held the largest market share, followed by Europe. North America is projected to experience the highest CAGR in the fire pump controllers market from 2022 to 2028.