The fire pump test meters market is expected to maintain its growth trajectory, with global demand projected to exceed USD 192 million in 2019, up from nearly USD 183 million in 2018. This promising outlook is detailed in the latest Future Market Insights (FMI) study, which indicates strong demand for fire pump test meters continuing into the coming years.
The study highlights broader trends such as the increased focus on operational efficiency and minimizing downtime as key drivers for ongoing investment in fire pump test meters. The survey also reveals that end-users favor mid-sized pipes, particularly those in the 5.1 to 9-inch range, due to their wider applications across various industries. This segment is expected to remain the top-selling variant in 2019, with little change anticipated throughout the forecast period.
According to FMI’s survey, fire pump test meters with a grooved body type continue to be the most popular, with global sales projected to reach over USD 95 million in 2019. The oil, gas, and chemicals industries lead the demand, buoyed by the recovery in oil prices and stricter safety regulations at oil and gas plants.
Additionally, the fire pump test meter market is benefiting from increased adoption in the power generation sector. The equipment is seen as a key investment for reducing insurance costs, as fire safety regulations become more stringent. FMI remains optimistic about the growing demand for fire testing equipment within the power generation industry in the future.
Key Players in the Fire Pump Test Meter Market Report
- Global Vision Inc. (GVI)
- Gerand Engineering
- Victaulic Company
- Ayvaz
- Badger Meter, Inc.
- Rapidrop Global Ltd
- Geo-Systems USA
- Progard Fire Protection Equipment
- MECON GmbH
- Guardian Fire Equipment, Inc.
- KROHNE Messtechnik GmbH
- Flowquip
- Flowtech Measuring Instruments Private Limited
- McCrometer
- SINCO FIRE AND SECURITY CO.
Key Coverage in Global Fire Pump Test Meter Market Research Report
- Growth Prospects of North America Fire Pump Market
- Top Fire Pump Manufacturers and Suppliers
- Fire Pump Testing and Maintenance Costs
- Detailed Overview of Flow Meter for Fire Pump Market
- Emerging Trends in Fire Pump Test Equipment market
- Impact of Fire Pump Flow Measurement Devices on Industrial Fire Accidents
- Future Outlook for Fire Pump Flow Testing Meters in India
Fire Pump Test Meter Market Segmentation
By Body Size:
- 1″ to 2″
- 2″ to 4″
- 4″ to 8″
- 8″ to 12″
By Meter Type:
- Digital Meter
- Analog Meter
By Body Type:
- Flanged Body
- Grooved Body
- Others
By End-use:
- Oil & Gas
- Chemicals & Petrochemicals
- Power Generation
- Fire Protection
- Water Treatment
- Industrial Manufacturing
- Commercial Buildings
- Other End Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/fire-pump-test-meters-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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