How Can Investing in Fire Pumps Bring More Revenues for Fire Safety Businesses?
11 Feb 2024
Advantages of horizontal split-case pumps
Reasons behind the increasing preference for vertical turbine and in-line pumps
Mergers and acquisitions in the industry
Fire safety is an essential component of modern urban and industrial setups. Almost all major disaster management agencies across the globe agree on the fact that fire, if unchecked, is one of the most destructive hazards which can damage the entire building or structure. Hence, almost all types of buildings, be it residential or commercial, need to have proper fire protection systems in place. In fact, many governments across the globe have mandated that fire safety systems should be installed during the building’s construction itself. As a result, today, fire pumps and attached water supply systems are found in most modern urban spaces.
Fire safety systems like pumps are mainly divided into two types- positive displacement pumps and centrifugal pumps. The working of a positive displacement water pump is similar to a bicycle tire pump. These pumps produce water flow by capturing water prior to every pumping cycle and then throw it out of the discharge line. Thus, a major advantage of this pump is that it can create a high pressure for water discharge; however, the downside is that the flow volume is limited. Hence, centrifugal pumps are usually preferred for fire safety systems as they can generate high volumes of water at high pressures. The increase in demand for centrifugal pumps has led to the development of various types of fire safety systems to deal with different fire-fighting situations.
Reasons behind the rising popularity of horizontal split-case pumps
One of the most reliable water safety systems, horizontal split-case pumps have a unique design which allows the flow to be split and enter the impeller from opposite sides of the pump. The reason why horizontal split-case pumps have become so popular is that they can be powered using both electric and diesel drivers. Also, these pumps have a long lifespan and are available in different sizes. The maintenance of these pumps is also quite easy. All these factors make them one of the most widely used fire protection pumps across the globe. In fact, the horizontal split case segment of the fire pump industry is predicted to rise at a CAGR of 5.2% during the 2023-2032 period.
Why is investing in vertical turbine and in-line pumps a good business strategy?
Though horizontal split-case pumps are the most commonly used, they aren’t suitable for all spaces. The size of these pumps is huge, which makes them unsuitable in areas like confined corridors or small porches. Hence, vertical turbine and in-line pumps are primarily used in such areas where horizontal split case pumps can’t be employed. Vertical turbines are centrifugal pumps which are usually installed near water sources like lakes, open swamps, streams. These pumps can also make use of ground water. Moreover, these pumps come in several sizes, capacities, and pressures which help the fire-fighters to deal with different situations expertly. Just like horizontal split-case pumps, these pumps too can be powered using diesel and electric pumps. The vertical turbine segment of the fire pump industry is anticipated to rise at a CAGR of 4.1% by 2032, owing to its wide applicability.
In-line pumps are, however, the most preferred type of fire pumps when it comes to tackling fire in enclosed spaces. While in-line pumps can be driven by both vertical and horizontal shafts, vertical shafts are more preferred as they occupy less space. One major advantage of these pumps is that they are quite economical in nature. However, these pumps have limited applicability as they can be powered by electric drivers. Despite this limitation, the vertical in-line segment is set to grow at a CAGR of 4.9% by 2032.
How are mergers and acquisitions shaping the dynamics of the fire pump industry?
The growth of the fire safety sector can be attributed to the increasing integration of fire safety systems in building management systems. Along with this, mergers, partnerships, and acquisitions among major companies in the industry have also contributed to the sector's growth. For instance, in April 2023, Johnson Controls, a multinational conglomerate, announced the acquisition of Powertec Pumps Ltd., a pump manufacturing and maintenance company in England. The acquiring company, i.e., Johnson Controls, issued a statement saying that the acquisition will help the company to expand its operations in England.
To conclude, the rapid pace of urbanization and a rise in construction of smart buildings has led to an increase in demand for fire safety systems. Among the different types of fire pumps, horizontal split-case pumps, vertical turbine pumps, and in-line pumps have become highly popular owing to their advantages. Strategic alliances in the form of mergers and acquisitions are further helping increase the industry's footprint. a comprehensive region-wise analysis of the fire pump industry, feel free to contact us. We also offer business suggestions and recommendations on how to capitalize on the opportunities presented by the industry.
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.