The Global Fire Pump Market size was valued at around USD 1.5 billion during 2022 & is projected to grow at a CAGR of around 7.57% during the forecast period, i.e., 2023-28. The stringent fire safety regulation across various sectors, expansion of industrial & manufacturing sectors, and fire insurance requirements have fueled the sales of fire pumps across the globe. The oil & gas industry, chemical industry, aviation industry, etc., involve the handling, storage, and transportation of highly inflammable substances, due to which government entities in different countries have regulated them with stringent fire safety regulations to prevent disasters & minimize the impact of fire-related incidents.
Global Fire Pump Market Research Report: Forecast (2023-2028)