Intelligent Pumps Market Size 2019: Global Analysis, Share, Top Manufacturer, Research Methodology, Development Status and Industry Expansion Strategies 2023
Intelligent Pumps Market Research Report, by Type (Centrifugal, positive displacement), Component (Control system, Variable drives, Pumps), End-User (Building Automation, Waste & Wastewater, Power), and Region – Analysis and Global Forecast till 2023
Pune, India – June 11, 2019 /MarketersMedia/ —
Intelligent Pumps Market research report is a professional and in-depth study on the market size, growth, share, drivers, restraints, threats, challenges, opportunities, and industry-specific trends. The global intelligent pumps market is expected to expand at 7.55% CAGR during the period 2018 to 2023. Global intelligent pumps market to witness substantial growth during the forecast period owing to rising investments in building automation and growing focus on water & wastewater treatment sector.
Leading Players:
The prominent players of the global intelligent pumps market are Xylem (US), Emerson (US), ABB (Switzerland), Grundfos Holding (Denmark), Sulzer (Switzerland), Quantumflo (US), Kirloskar (India), Yaskawa (Japan), Wilo SE (Germany), Flowserve Corporation (US), KSB Aktiengesellschaft (Germany), and ITT Corporation (US).
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Intelligent Pumps Market Scenario:
Intelligent pump helps to control the flow and pressure of water or other fluids. It is widely used across various end-user applications for energy management, remote systems control, and condition monitoring. The major advantages of intelligent pump include energy savings, reduced downtime, and maintenance cost reduction. According to EPA, more than 50% of the water systems in the US do not have proper remote monitoring for the pumping system. Thus, intelligent pump with wireless control capabilities is useful to access the operating data to reduce unplanned downtime and improve the maintenance activities.
Growing focus on smart cities and strict energy efficiency standards in developed countries is also resulting in increasing demand for intelligent pumps. Intelligent pumps would help in improving process control and help in reduce energy consumption in the industries such as oil & gas, chemical, water & wastewater, and power generation, among others.
Intelligent Pumps Market Segmentation:
Global intelligent pumps market has been segmented based on type, component, end-user, and region.
Based on type, the market is classified into centrifugal pump and positive displacement pump. Centrifugal pump segment is leading the market and has the larger market share, mainly due to lesser cost compared to positive displacement pumps and high reliability.
Based on component, the industry is classified into control system, variable drives, pumps.
The global intelligent pump market is further segmented based on end-user, including building automation, water & wastewater, oil & gas, power generation, and Chemical, among others. Building Automation segment of the global intelligent pumps market is estimated to register the highest growth rate during the forecast period.
Based on region, the global intelligent pumps market cover growth opportunities and latest trends across North America, Europe, South America, Asia Pacific and the Middle East and Africa.
Regional Analysis:
Region wise, North America held the largest market share of the global intelligent pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in smart cities and government initiatives on energy efficiency. The intelligent pump market would be mainly driven by the growing focus on energy efficiency. Rising manufacturing activities in Europe is also likely to positively impact the intelligent pumps market during the forecast period.
List Of Tables
Table 1 Global Intelligent Pumps Market: By Region, 2018–2023
Table 2 North America: Intelligent Pumps Market: By Country, 2018–2023
Table 3 Europe Intelligent Pumps Market: By Country, 2018–2023
Table 4 Asia-Pacific Intelligent Pumps Market: By Country, 2018–2023
Table 5 Middle East & Africa Intelligent Pumps Market: By Country, 2018–2023
To Be Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down & Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Intelligent Pumps Market Share, By Type, 2017 (%)
To Be Continued…….
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