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Asia Pacific Fire Pump Controllers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Electric Fire Pump Controller and Diesel Fire Pump Controller) and End User (Industrial, Commercial, and Residential)
- Report Code : BMIRE00027643
- Pages : 110
The fire pump controllers market in Asia Pacific is expected to grow from US$ 896.20 million in 2022 to US$ 1,341.69 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
Growing Technological Advancement and Adoption of Fire Safety Systems
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. The new mobile fire pumps are designed to replace fixed fire water pumps. 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.
Market Overview
The APAC fire pump controller market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. The rising industrialization across countries such as India, Malaysia, Indonesia, Singapore, Taiwan, and China are one of the major factors generating new demands for the installation of industrial pumps and controller systems across Asia Pacific countries. Further, the region comprises three of the top five construction market countries worldwide, i.e., China, India, and Indonesia. These countries generate constant demand for the installation of fire protection systems during the construction of residential buildings, commercial buildings, and industrial facilities. Moreover, the growth in the demand for industrial construction and digitalization of the industrial sector across Asia Pacific countries is adding impetus to the fire pumps and controller systems market expansion. For instance, the expansion of many manufacturing facilities in emerging countries such as India, Taiwan, and Southeast Asian countries is driving the deployment of fire pump and controller systems across the region. One of the major contributors to the Asia Pacific fire pump controllers market is the presence of manufacturing hub China, wherein the country supplies various components and products to several industries and manufacturing sectors.
Asia Pacific Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Fire Pump Controllers Market Segmentation
The Asia Pacific fire pump controllers market is segmented into type, end user, and country.
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.
Based on end user the market is segmented into industrial, commercial, and residential. The industrial segment held the largest market share in 2022.
Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
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.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Fire Pump Controllers Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Fire Pump Controllers Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Construction Activities in Residential and Commercial Buildings
5.1.2 Increasing Number of Product Launches
5.2 Market Restraints
5.2.1 High Capital Investments for Installation and Maintenance of Fire Pump Controllers
5.3 Market Opportunities
5.3.1 Growing Technological Advancement and Adoption of Fire Safety Systems
5.3.2 Increasing Number of Strategic Alliances to Prompt Fire Safety
5.4 Future Trends
5.4.1 Emergence of Variable Speed Drive (VFD) Fire Pump Controllers
5.4.2 Rising Number of Initiatives Regarding Fire Safety
5.5 Impact Analysis of Drivers and Restraints
6. Fire Pump Controllers Market – APAC Market Analysis
6.1 APAC Fire Pump Controllers Market Overview
6.2 APAC Fire Pump Controllers Market Forecast and Analysis
7. APAC Fire Pump Controllers Market Analysis – By Type
7.1 Overview
7.2 APAC Fire Pump Controllers Market, By Type (2021 And 2028)
7.3 Electric Fire Pump Controller
7.3.1 Overview
7.3.2 Electric Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)
7.4 Diesel Fire Pump Controller
7.4.1 Overview
7.4.2 Diesel Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)
8. APAC Fire Pump Controllers Market Revenue and Forecast to 2028 – End-User
8.1 Overview
8.2 APAC Fire Pump Controllers Market, End-User (2021 And 2028)
8.3 Industrial
8.3.1 Overview
8.3.2 Industrial: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)
8.5 Residential
8.5.1 Overview
8.5.2 Residential: Fire Pump Controllers Market Revenue and Forecast To 2028 (US$ Million)
9. APAC Fire Pump Controllers Market – Country Analysis
9.1 Overview
9.1.1 APAC Fire Pump Controllers Market Breakdown, by Country
9.1.1.1 Australia Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia Fire Pump Controllers Market Breakdown, By Type
9.1.1.1.2 Australia Fire Pump Controllers Market Breakdown, End-User
9.1.1.2 China Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China Fire Pump Controllers Market Breakdown, By Type
9.1.1.2.2 China Fire Pump Controllers Market Breakdown, End-User
9.1.1.3 India Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India Fire Pump Controllers Market Breakdown, By Type
9.1.1.3.2 India Fire Pump Controllers Market Breakdown, End-User
9.1.1.4 Japan Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan Fire Pump Controllers Market Breakdown, By Type
9.1.1.4.2 Japan Fire Pump Controllers Market Breakdown, End-User
9.1.1.5 South Korea Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea Fire Pump Controllers Market Breakdown, By Type
9.1.1.5.2 South Korea Fire Pump Controllers Market Breakdown, End-User
9.1.1.6 Rest of APAC Fire Pump Controllers Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC Fire Pump Controllers Market Breakdown, By Type
9.1.1.6.2 Rest of APAC Fire Pump Controllers Market Breakdown, End-User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. Company Profiles
11.1 ComAp AS
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Eaton Corp Plc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Flowserve Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Grundfos Holding AS
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hubbell Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Master Control Systems Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 NAFFCO FZCO
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Pentair Plc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Firetrol Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Tornatech Inc
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Fire Pump Controllers Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Fire Pump Controllers Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. Australia Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. Australia Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 5. China Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. China Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 7. India Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. India Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 9. Japan Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. Japan Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 11. South Korea Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. South Korea Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 13. Rest of APAC Fire Pump Controllers Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 14. Rest of APAC Fire Pump Controllers Market, Revenue and Forecast to 2028 – End-User (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Fire Pump Controllers Market Segmentation
Figure 2. APAC Fire Pump Controllers Market Segmentation – By Country
Figure 3. APAC Fire Pump Controllers Market Overview
Figure 4. Electric Fire Pump Controller Segment held the Largest Share of APAC Fire Pump Controllers Market
Figure 5. Industrial Segment held the Largest Share of APAC Fire Pump Controllers Market
Figure 6. India to Show Great Traction During Forecast Period
Figure 7. APAC– PEST Analysis
Figure 8. Ecosystem Analysis: APAC Fire Pump Controllers Market
Figure 9. Expert Opinion
Figure 10. APAC Fire Pump Controllers Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Fire Pump Controllers Market Forecast and Analysis (US$ Million)
Figure 12. APAC Fire Pump Controllers Market, By Type (2021 and 2028)
Figure 13. APAC Electric Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Diesel Fire Pump Controller: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Fire Pump Controllers Market, By End-User (2021 and 2028)
Figure 16. APAC Industrial: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Commercial: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Residential: Fire Pump Controllers Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Fire Pump Controllers Market Breakdown, by Country, 2021 & 2028 (%)
Figure 21. Australia Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 22. China Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 23. India Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 24. Japan Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 25. South Korea Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
Figure 26. Rest of APAC Fire Pump Controllers Market, Revenue and Forecast To 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific fire pump controllers market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific fire pump controllers market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the fire pump controllers market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
● ComAp AS
● Eaton Corp Plc
● Firetrol Inc
● Flowserve Corp
● Grundfos Holding AS
● Hubbell Inc
● Master Control Systems Inc
● NAFFCO FZCO
● Pentair Plc
● Tornatech Inc
At 7.0% CAGR, the Asia Pacific Fire Pump Controllers Market is speculated to be worth US$ 1,341.69 Million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Asia Pacific fire pump controllers market was valued at US$ 896.20 million in 2022 and is expected to reach US$ 1,341.69 million by 2028, registering a CAGR of 7.0% 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.
The construction of commercial and residential buildings is growing, majorly in developing countries. According to the Ridgewater Homes website data, in 2021, Australia witnessed a 10% growth in the construction of residential buildings. 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. For instance, in February 2021, according to the Yonhap News Agency website data, the South Korean government announced that they would ease building regulations and support redevelopment projects in South Korean urban areas by supporting the construction of 836,000 new houses nationwide. Also, the new housing policy by the government focuses on increasing the number of houses in the Seoul metropolitan area and other major cities. Moreover, according to the Ministry of Land, Infrastructure, and Transport of South Korea, the latest policy consists of constructing 323,000 and 293,000 new houses in Seoul and Gyeonggi Province, respectively.
Moreover, strong economic conditions and low housing loan interest rates are propelling the expansion of construction activities across APAC. According to the Oxford Economics/Haver Analytics data of contribution to global construction growth from 2020 to 2030, China, India, and Japan are among the major contributors to residential construction activities. In 2021, according to Marsh LLC data, the residential construction activity is the growing with fast pace globally with the growth rate of 7.1%. Also, the residential sector accounted for 44% of total global construction in 2020, making it the largest subsector. 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 Asia Pacific 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 56.8% market share in 2022, amassing US$ 509.48 million. It is projected to garner US$ 784.07 million by 2028 to expand at 7.4% CAGR during 2022–2028. Based on end user, the market is segmented into industrial, commercial, and residential. The With 76.9% share of the domain, the industrial segment dominated the market in 2022. It accrued US$ 688.79 million in 2022 and is estimated to generate US$ 1,053.52 million by 2028 to grow at a CAGR of 7.3% over the forecast period. Our regional analysis states that China captured 53.7% market share in 2022. It was assessed at US$ 481.54 million in 2022 and is likely to hit US$ 751.35 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.
Key players dominating the Asia Pacific 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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