Global Fire Pump Controllers Market 2017-2021
About Fire Pump Controllers
Pump controllers are one of the equipment controllers and have control panels that monitor the operations of pumps. They monitor the flow of any substance within pumps. The flow being monitored can be controlled to achieve the desired flow rate. Controllers are devised to autonomously turn on and off the pumps that they are controlling. This functionality is undertaken based on the requirement. Controllers are also responsible for the motor speed as well as the pressure required within pumps.
Technavio’s analysts forecast the global fire pump controllers market to grow at a CAGR of 5.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fire pump controllers market for 2017-2021. To calculate the market size, the report considers the new installations, retrofits, replacements, and services.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fire Pump Controllers Market 2017-2021
Technavio recognizes the following companies as the key players in the global fire pump controllers market: Eaton, Grundfos, Naffco, Tornatech, and Vertiv.
Other Prominent Vendors in the market are: Hubbell, Metron, Pentair, Master Control Systems, ComAp, Flowserve, and SPP Pumps.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of variable frequency drive fire pump controllers. Variable frequency drive (VFD) pump control panels are used for controlling and optimizing the power and speed requirements of pumps. These VFD pump control panels are available in simplex, duplex, and triplex models. These models also have unique advantages of soft start and stop, single to three phase conversions for electric driven fire pumps, and improved process control.”
According to the report, one of the major drivers for this market is Rising implementation of IIoT. Every industry is renovating their infrastructure with the implementation of the IoT. The Industrial Internet of Things (IIoT) is a network of devices such as machines, sensors, controllers, big data analytics, and cloud computing in an industry. This type of connection links analytics with the operations of the industrial automation, which ultimately improves the application designs of the industry. Linking all operations and data collection related to fire safety systems become easier with the installation of fire pump controllers in the fire safety room.
Further, the report states that one of the major factors hindering the growth of this market is Low cost strategies of Chinese products. New vendors arising in Asian countries offer low-cost products due to the availability of affordable resources and labor in the region. Owing to the availability of low-cost products, APAC has started exporting to American and European countries. Therefore, with the increasing price sensitivity among consumers there is a rising trend of acceptance of Chinese products.
Eaton, Grundfos, Naffco, Tornatech, Vertiv, Hubbell, Metron, Pentair, Master Control Systems, ComAp, Flowserve, and SPP Pumps.