Latin America Fire Pumps Market Growth and Demand By 2027

Latin America Fire Pumps Market Research Report: Forecast (2022-2027)

By Type Centrifugal Fire Pumps (Horizontal & Vertical Split Case, Inline Pumps, Vertical Turbine, End Suction Pump, Multistage Multiport Pump), Positive Displacement Pumps), By End...... User (Manufacturing (Automotive, Chemicals, Pharmaceutical, etc.), Commercial (Corporate Offices, Airports, Educational Institutes, etc.), Mining, Oil & Gas, Residential, Others), By Country (Mexico, Brazil, Argentina, Colombia, Chile, Peru, Others), By Company (Wilo Group, Ruhrpumpen Group, Xylem, Warson Group, Inc., Armstrong Fluid Technology, Franklin, KSB, Sulzer, CNP NM FIRE-fighting System Co.,Ltd, Chamco, IRON Pump A/S, Others) Read more

Energy
Apr 2022
Pages 143
Report Format: PDF, Excel, PPT

Market Definition

Fire pumps are one of the major components of a building's fire protection system, especially in high-rise structures. Fire pumps are mainly used in distributing water through sprinkler systems where water pressure from water mains & firefighting equipment are incapable to reach. They are an essential part of a fire sprinkler system, as they provide high-pressure water accessibility to the fire sprinkler system. It is mainly used to receive water from an underground water supply, a water tank, a lake, or a reservoir.

Furthermore, Latin American countries such as Brazil, Mexico, Argentina, etc., are continuously working towards their construction sector, including both industrial & commercial, to leverage their economies, which is further estimated to lead to the large-scale installation of fire pumps in the forecast years.

Market Insights

The Latin America Fire Pumps market is projected to grow at a CAGR of 2.78% during the forecast period, 2022-27. The prominent driver for the growth of the market is the rising demand for fire pumps in industrial applications such as mining, oil & gas, etc. The growing consumer awareness of safety hazards has resulted in the installation of fire pumps in both residential & commercial buildings throughout the Latin America region. Moreover, the rapid urbanization in the region has been catalyzing the construction of multi-story buildings & commercial spaces like offices, retail buildings, etc. As a result, the growing trend of high-rise residential buildings, corporate offices, and so on in countries such as Brazil, Mexico, and Argentina is expected to increase the deployment of fire pumps. For instance:

In 2020, the Mexican government announced to build of the tallest skyscraper in Latin America. The skyscraper would comprise hotels, restaurants, offices, and residencies.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	2.78%
Country Covered	Mexico, Brazil, Argentina, Colombia, Chile, Peru, Others
Key Companies Profiled	Wilo Group, Pentair, AC Fire Pumps (Xylem), Peerless, Patterson, SPP Pumps, Others
Unit Denominations	USD Million

Market Segmentation

Based on End User:

Manufacturing (Automotive, Chemicals, Pharmaceutical, etc.)
Commercial (Corporate Offices, Airports, Educational Institutes, etc.)
Mining
Oil & Gas
Residential
Others

Among them, Mining and Oil & Gas are expected to hold a significant share in the Latin America Pumps market in the forecast years, in line with the new oil & gas field discoveries in the countries such as Brazil, Mexico, Peru, etc. In 2022, the Brazilian petroleum industry Petrobas discovered a new accumulation of oil in the pre-salt of the southern portion of the Campos Basin. In parallel, the company reported the discoveries of three offshore oil & gas fields in Brazil in 2021.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Latin America Fire Pumps Market Regulations & Policy
Latin America Fire Pumps Market Trends & Insights
Latin America Fire Pumps Market Dynamics
1. Growth Drivers
2. Challenges
Latin America Fire Pumps Market Hotspots & Opportunities
Latin America Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type
    1. Centrifugal Fire Pumps
      1. Horizontal & Vertical Split Case
      2. Inline Pumps
      3. Vertical Turbine
      4. End Suction Pump
      5. Multistage Multiport Pump
    2. Positive Displacement Pumps
  2. By End User
    1. Manufacturing (Automotive, Chemicals, Pharmaceutical, etc.)
    2. Commercial (Corporate Offices, Airports, Educational Institutes, etc.)
    3. Mining
    4. Oil & Gas
    5. Residential
    6. Others
  3. By Country
    1. Mexico
    2. Brazil
    3. Argentina
    4. Colombia
    5. Chile
    6. Peru
    7. Others
  4. By Company
    1. Revenue Share & Analysis
    2. Competition Characteristics
Brazil Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Mexico Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Argentina Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Colombia Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Chile Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Peru Fire Pumps Market Outlook, 2017-2027
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Type
  2. By End User
Latin America Fire Pumps Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Wilo Group
  2. Pentair
  3. Xylem
  4. Peerless
  5. SPP Pumps
  6. Patterson
  7. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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