Intelligent pumps are increasingly used in modern
water treatment plants, boiler control systems, desalination, industrial water
supply among others. These pumps are integrated with sophisticated sensors and
digital control system, which allow remote monitoring and effective energy
management.
The rising of building automation has also
influenced the global market for intelligent pumps. Positive displacement pumps
and centrifugal pumps are used for making exiting system compatible to
intelligent solutions. Intelligent pumps also aid in enhancing process control
and reducing the overall energy usage in industry verticals such as chemical,
oil & gas, power generation, water & wastewater among others.
The IoT boom has brought in new opportunities for
market players. Rising popularity of IoT product and digitization of industries
is viewed a major market driver. Industries also over the world are focusing on
the reducing expenses and optimising output, which is driving the adoption of
new-age technologies such as the intelligent pumps. These pumps are witnessing
an uptake in water treatment plants, chemical plants, and oil & gas
processing facilities. The oil and gas sector continue to post a strong demand
for intelligent pumps. Such pumps can reduce downtime and maintenance cost to a
significant level.
Modernization of facilities to market them
sustainable and efficient is expected creating market opportunities. Int terms
of revenue, water and wastewater treatment industries has emerge as a major
contributor to the market. The U.S depart of agriculture is reportedly shelling
out a whooping USD 256 Mn in upgrading water and wastewater treatment
infrastructure in the country.
Global Intelligent Pumps Market:
Segmental Analysis
MRFR’s report includes a comprehensive segmental
analysis of the Intelligent Pumps Market based on type, end-used,
component and region.
On the basis of type, the market has been segmented
into positive displacement pump and centrifugal pump. The centrifugal pump
segmented holds a significant share of the market in terms of value. The
foremost reason of centrifugal pumps being preferred over positive displacement
pumps is their higher affordability.
On the basis of component, the market has been
segmented into variable drives, control system and pumps.
On the basis of end-user, the market has been
segmented into power generation, water & wastewater, automation, chemical
and oil & gas. Among these, the building automation segment is expected to
exhibit the highest growth during the projection period.
Global Intelligent Pumps Market: Regional
Analysis
Europe represent the largest market for intelligent
pump. Countries such as Germany, France, Italy, the U.K. and Netherland are
high industrialised, making attractive destinations for market players. The
manufacturing sector in Europe is extremely dynamic and presents lucrative
opportunities to market players. At the same time, adoption of cutting-edge
technologies such as the digital oil field has created growth avenues. Smart
pumps are an important component of smart industrial infrastructure like digital
oilfields that work of high accuracy and efficiency. Intelligent pump system
facilitates effective pressure and temperature control. In terms of value, Asia
Pacific holds the second spot in the global intelligent pumps market. The
demand growth in APAC is fuelled by development new water & wastewater
treatment plants and adoption of IoT solutions.
Competition Analysis
Some of the top-notch companies discussed in MRFR’s
report include Emerson (US), Grundfos Holding (Denmark), Quantumflo (US),
Yaskawa (Japan), Flowserve Corporation (US), ITT Corporation (US), Xylem (US),
Sulzer (Switzerland), KSB Aktiengesellschaft (Germany), Kirloskar (India), Wilo
SE (Germany) and ABB (Switzerland).
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