Intelligent
Pumps Market Highlights
The global intelligent pumps market is estimated to
expand at 7.55% CAGR during the forecast period. Intelligent pump is used to
regulate the flow or pressure in various industries in order to help in energy
savings and operational efficiency. Intelligent pumps are of two types, namely,
centrifugal pump and positive displacement pumps. These pumps are installed in
various industries such as chemical, steel, power generation, paper & pulp,
mining & materials, and Water & wastewater treatment plants.
The global intelligent pumps market is set to witness
significant growth due to increasing demand for IoT products, rising investment
in building automation, development in the oil fields, and focus on water
treatment plants. For instance, oil & gas companies are largely investing
in intelligent pump solutions to improve the output of the mature oil fields.
Intelligent pumps help to improve process efficiency with the help of variable
frequency drive to provide pump off control by varying the speed of the well.
On the other hand, high capital cost of intelligent pump solution is one of the
major restraints for the global intelligent pump market.
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Industry
Segmentation
The intelligent pumps market has been segmented based
on end-users into building automation, water & wastewater, oil & gas,
power generation, chemical, and others. Among these end-users, building
automation is the fastest growing segment in the intelligent pumps market due
to the growing market for smart cities, stringent energy efficiency standards
for developed countries especially in Europe and North America, and government
initiatives for energy savings globally.
Regional
Outlook
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.
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Leading
Players
The key players of the global intelligent pumps market
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).
Scope
of the Report
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global intelligent pumps market,
including high-growth regions and/or countries, and political and economic
environments. The project report further provides both – historical market
values and pricing & cost analysis
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