Fire Pump Controllers Market Overview and Growth by 2028

The fire pump controllers market is expected to grow from US$ 201.60 million in 2022; it is expected to grow at a CAGR of 6.2% from 2022 to 2028.

Fire pump controllers are the control panels that contain electrical components such as circuit breakers, relays, switches, and other devices for the operation of fire pumps. The devices within a fire pump controller perform various functions, including receiving signals from alarm devices, activating motor control devices to provide electric power to motors, and monitoring the fire pump operation and performance. Fire pump controllers help monitor the operation status, and in case of fire, the controller will receive a signal from the pressure switch and start the fire pump.

Underwriters Laboratories (UL) and Factory Mutual (FM) both list and approve fire pump controllers. This listing ensures that regardless of manufacturer, all fire pump controllers contain specific elements and designs to ensure reliable operation in the event of a fire. Also, the minimum required components of fire pump controllers are governed by NFPA 20. The growing infrastructural and construction activities worldwide is fueling the fire pump controllers market growth. Also, development projects, such as the construction of airports, hospitals, and other facilities, are boosting the market's growth. In addition, the rising awareness of fire safety is driving the fire pump controllers market growth. Also, the integration of variable frequency drive (VFD) in fire pump controllers, which increases energy efficiency, is propelling the market growth. Moreover, technological advancements in fire pump controllers are expected to fuel the fire pump controllers market share during the forecast period.

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Fire Pump Controllers Market: Strategic Insights

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Impact of COVID-19 Pandemic on Fire Pump Controllers Market Size

The US was the most affected country in the North America due to the COVID-19 pandemic. In 2020, strict regulations were imposed by the US government to curb the spread of SARS-CoV-2, resulting in a temporary halt of construction activities. According to the Center for Construction Research and Training, around one million construction workers became unemployed from March to April 2020. This unemployment rate in construction further increased from 6.8% in October 2020 to 9.4% in January 2021. In August 2020, according to a report by the American Road & Transportation Builders Association (ARTBA), infrastructure projects of ~US$ 9.6 billion were delayed or canceled amid the COVID-19 pandemic. However, the resumption of construction activities in urban areas after the reduction in the lockdown restrictions in 2021 positively impacted the North America fire pump controller fire pump controllers market share.

The Europe construction industry was hit hard by the high number of COVID-19 cases in the region from 2020 to 2021. The pandemic also triggered a drop in the demand for fire pump controllers due to the halt in the construction of commercial buildings such as hotels, hospitals, office towers, and airports. This negatively impacted the European fire pump controller market growth. In addition, there was a massive disruption in the supply chain across the region due to the lockdown, which further resulted in a loss of revenue for many large and small enterprises operating in Europe. These disruptions in the supply chain halted the manufacturing processes of fire pump controllers, negatively impacting the Europe fire pump controllers market size.

Market Insights – Fire Pump Controllers Market

Increasing Number of Strategic Alliances to Prompt Fire Safety   

The growing need for a fire safety system encourages companies to produce more advanced solutions. Hence, the companies are working on various strategic alliances such as partnerships, collaborations, and mergers and acquisitions. A few of such partnerships, collaborations, and mergers and acquisitions by the companies are mentioned below:

• In June 2022, AMI Global LLC announced a strategic partnership with Peerless Pump Company, a wholly-owned company of the Grundfos Group. Under this partnership, the companies have launched Peerless FireConnect Sentry Fire Industry Monitoring Solution. The new fire pump system provides real-time information, leak monitoring, and detection, ensuring fire pump systems are always ready to act.
• In April 2022, Johnson Controls announced the acquisition of Powertec Pumps Ltd., a pump-related service provider in England. With this acquisition, Johnson Controls will be able to provide better customer service in the fire suppression sector.
• In February 2022, Keltron Corporation announced the acquisition of MIJA Industries, Inc., a leading medical, industrial, and fire protection pressure gauge application manufacturer. The acquisition will help Keltron to enhance its fire extinguisher monitoring solutions by adding high-precision fire and oxygen gauges.

Thus, through the abovementioned strategic alliances, several companies are working on helping their customers provide advanced fire safety systems, which is expected to provide potential opportunities for the growth of the fire pump controllers market.

Type-based Insights

The fire pump controllers market is segmented based on type and end-user. Based on type, the global fire pump controllers market is segmented into electric fire pump controller and diesel fire pump controller. The electric fire pump controller segment is expected to hold a significant share of the global fire pump controllers market over the forecast period. The market players providing diesel engine fire pump controllers include Hubbell Industrial Controls, Inc.; Grundfos Holding A/S; Master Control Systems; and Eaton.

Players operating in the fire pump controllers market are mainly focused on the development of advanced and efficient products.

• From January 2020, Tornatech Model MPA Medium Voltage Electric Fire Pump Controllers are available with the ViZiTouch V2 operator interface to upgrade product capabilities.
• In October 2021, Pentair Plc announced that it had acquired Pleatco for approximately US$ 255 million in cash, to expand its presence in the industrial segment. Pleatco manufactures clean-air technologies products for industrial customers.

Fire Pump Controller

Fire Pump Controllers Market Regional Insights

The regional trends and factors influencing the Fire Pump Controllers Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Fire Pump Controllers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Fire Pump Controllers Market Report Scope

Fire Pump Controllers Market Players Density: Understanding Its Impact on Business Dynamics

The Fire Pump Controllers Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

These developments are expected to influence the fire pump controllers market growth in coming years.

The fire pump controllers market is segmented based on type and end-user. Based on type, the market is bifurcated into electric fire pump controller and diesel fire pump controller. Based on end-user, the market is categorized into industrial, commercial, and residential.

The fire pump controllers market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. The fire pump controllers market analysis helps understand the upcoming trends, new technologies, and macro and micro factors that are expected to influence the market growth in coming years.

The key players profiled in the fire pump controllers market study include ComAp AS, Eaton Corp Plc, Flowserve Corp, Grundfos Holding AS, Hubbell Inc, Master Control Systems Inc, NAFFCO FZCO, Pentair Plc, Firetrol Inc, and Tornatech Inc. The fire pump controllers market report provides detailed market insights, which helps the key players strategize the growth in coming years.