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.
Introduction of stringent regulations on energy
usage and rapid adoption of smart cities solution is booting the market
potential of intelligent pumps. Market Research Future (MRFR) reports that the
global intelligent pumps market will expand at a CAGR of 7.55% during the
projected period (2018-2023).
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).
Industry Highlights
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.
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 continues 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.
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
Segmental Analysis
MRFR’s
report includes a comprehensive segmental analysis of the 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.
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.
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 industrialized, 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.
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