Press Release Description
A USD 691 Million Global Commercial Building Fire Pumps Market to Surge at a CAGR of Around 4.25% During 2025-30
The Global Commercial Building Fire Pumps Market size was valued at around USD 691 Million in 2024 and is projected to reach around USD 851 million by 2030. Along with this, the market is projected to grow at a CAGR of about 4.25% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Growth in the market is mainly driven by the expansion of commercial properties worldwide. Along with this, other factors include stringent fire safety regulations worldwide and mandatory requirements of insurance companies for providing insurance in case of fire hazards on commercial buildings. This has ensured the healthy demand for fire pumps in commercial buildings.
Moreover, there is an optimistic outlook for commercial real estate particularly in office buildings. This is because office spaces have shown a strong recovery globally, particularly in the Asia-Pacific region. The demand for office spaces in Asia-Pacific has remained almost stable during the last five years. In the Asia-Pacific region, China’s occupancy rate stood at 72% for Grade A offices in tier-1 cities at the end of 2023, which was nearly 12% higher than in 2019. India has surpassed its pre-pandemic levels with office leasing in 2023 standing at nearly 67 million sq. ft. higher from the nearly 62 million sq. ft. in 2019. Hence, the Asia-Pacific region saw a stronger demand for fire pumps in commercial buildings.
Additionally, the strong recovery of 88% in global tourism relative to its pre-pandemic levels in 2019 as reported by the UN World Tourism Organization is fuelling the demand for commercial buildings globally. The Middle East, which had made a complete tourism recovery of its pre-pandemic levels, has seen a rise in its commercial real estate investments and development. In GCC countries alone, there are commercial real estate projects worth around USD 1.68 trillion in 2024 that are either in the planning or under construction stage, reports the CBRE. The escalating demand for commercial real estate will be underpinned by the rapidly growing tourism sector, business activity, and hosting of major events and conferences in the countries of the region. This will drive the market growth, further states the research report, “Global Commercial Building Fire Pumps Market Analysis, 2025.”
Segmentation Analysis
Centrifugal Fire Pumps Hold the Largest Share
Based on the pump type, the market is further bifurcated into centrifugal pumps and positive displacement pumps. The centrifugal pumps dominate the market with a share of around 95%. This is because centrifugal pumps can operate continuously at a high flow rate during a fire emergency. This makes the firefighting operations more seamless, which require continuous effort to quickly extinguish the fire and also prevent it from spreading to other parts of the building. In contrast, the positive displacement fire pumps are typically used for pumping over the long pipeline length. This is because of the design of the pump that although makes it capable of applying high pressure also limits its usage in firefighting due to low flow rate. Therefore, throughout the forecast period, centrifugal pumps will be the leading category type in the Global Commercial Building Fire Pumps Market.
Asia-Pacific Leads the Commercial Building Fire Pumps Industry
In the Global Commercial Buildings Fire Pumps Market, the Asia-Pacific region has a market share of around 35%. The demand for commercial building fire pumps is driven by the expanding commercial real estate sector of the region. The demand is mainly from two countries in the region namely, China and India. In 2024, the commercial real estate of China will showcase healthy growth based on the moderate recovery of office space leasing. India has shown significant growth in its commercial real estate both in the demand and supply side. On the demand side, office space leasing has seen a surge of 27% in Q2 of 2024 on a YoY basis according to the CBRE. On the supply side, fresh office leasing space has seen a rise of 11% in the same period on a YoY basis states the CBRE.
Furthermore, the retail market has also shown an expansion of driven the growth in the luxury retail of the country. This expansion in the commercial real estate sector of the region is boosting the revenue growth of the market.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Flowserve, Sulzer, Pentair, Grundfos, Ebara, Kirloskar Brothers Limited (Kirloskar Pumps), ITT (Xylem), KSB, WILO, Liancheng Group, and Others (Waterous, etc.) are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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