Introduction:
According to various reports, the global intelligent pump market was valued at XXX million USD and is expected to reach XXXX million USD by 2027 with growth rate of 7.48% CAGR from 2020 to 2027. Intelligent encompasses the combination of a traditional pump and a variable frequency drive (VFD) and also equipped with digital control ability. Today’s intelligent pump also incorporates embedded or attached sensors to collect data and transmit it’s performance. In addition, intelligent pump also offers benefits like better maintenance plans and predictions, access to real time-time operating data and wireless monitoring and control. With implementation of Internet of Things (IOT) in industries growing rapidly, the pump manufacturers try to maximize this opportunity that could bring a great profit in the pump market. Government packages & tax benefits for infrastructure projects, water and wastewater and energy efficiency projects are also some major cause to encourage the growth of Intelligent pump market.
Intelligent pump system requires more investment as acquisition cost of the equipment of this pump is much more than traditional pump system, thus causing higher production cost. Apart from higher cost of equipment some other factors to keep in mind is engineering cost, instrumentation, trained staff and appropriate workforce which is hiatus and requires a lot of effort.
Geographical Overview:
At global level, Europe was holding the highest market share in 2019 and is supposed that it will continue to be at the top in intelligent pump market in the coming years too. The demand of advanced water system and automation is increasing in Europe which leads to a great demand for intelligent pumps. Asia-Pacific region also boasts a promising market for the intelligent pumps. The new development activities in India such as smart city projects along with boost in power generation capacity offers a great market.
Segmental Overview:
Intelligent Pump Market is segmented as per below specifications –
By Types:
• Centrifugal Pump
• Positive Displacement Pump
By Applications:
• Building Automation
• Water & Wastewater
• Oil & Gas
• Chemicals
• Power Generation
• Others
Competitor Analysis
Global Intelligent Pump Market has presence of some of the key major players across globe which includes
• Apache
• Flowserve
• Hilcorp
• KSB
• Liberty Pumps
• Rockwell Automation
• Powelelectrics
• Xylem
• Seebo
• Emerson
• Grundfos
• Bosch Rexroth
• Sulzer
• Regal Beloit
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Intelligent Pump Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
