Intelligent Pumps Market 2020: Growth Analysis, Company Profile, Emerging Technologies and Trends by Forecast to 2023

Intelligent Pumps Market Analysis

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).

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.

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.

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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Smart and Intelligent Pumps Market 2020 Future Insights, Market Revenue and Threat Forecast by 2023

Smart and Intelligent Pumps Market Scenario

Intelligent pump is increasingly used for controlling the pressure or flow of fluids (water, oil, etc). Intelligent pipes are basically an outcome of the incessant development in piping technology. These pipes hold tremendous market potential. Market Research Future (MRFR) reports that global Smart and Intelligent Pumps Market is set to surge at a CAGR of 7.55% during the assessment period (2018-2023).  Intelligent pumps are drawing commercial interest owing to their vast scope of industrial application.

Intelligent pumps are witnessing a rapid popularity in desalination facilities, water treatment facilities, boiler control systems, and water supply systems. Remote condition monitoring features and energy management capabilities make intelligent pumps a sought-after piping solution. The rise of building automation has reflected favourably on the global intelligent pumps market. Positive displacement pumps and centrifugal pumps are an important section of building automation.

Smart and Intelligent Pumps Market - Highlights

Integration of sensor technology with intelligent pumps have made more efficient and cutting-edge. Sensor play an important role in monitoring applications. Such technical capabilities are driving the adoption of these pumps in sectors such as water & wastewater, power generation, chemical and oil & gas. These sectors are undergoing digital transformation, which is benefiting the intelligent pumps market. A higher emphasis is being placed on the operational efficiency, lower energy consumption and minimum down-time, which is driving the adoption of new-age technologies such as intelligent pumps.

Smart pumps have become a must-have component in industrial infrastructure for achieving higher accuracy and operational efficiency. Advanced countries in North America and Europe are rapidly shifting toward smart industry in order to over some of critical operational challenges. This creating attractive growth opportunities for market players. At the same time, increased focus toward product innovation is expanding application base of smart pumps.

Global Intelligent Pumps Market: Segmental Analysis

MRFR in its report has included a detailed segmental analysis of the market based on component, type, end-user and region.

On the basis of component, the market has been segmented into pumps, variable drives and control systems.

On the basis of type, the market has been segmented into positive displacement and centrifugal. In terms of value, the centrifugal segment command a relatively larger market share. Preference for centrifugal pump is higher owing to cost benefits. Moreover, centrifugal pumps are more reliable as compared to positive displacement pumps.

On the basis of end-user, the smart and intelligent pumps market has been segmented into waste & wastewater, building automation, oil & gas, chemical and power generation. The building automation segment accounts for a comparatively high market share in terms of revenue. The segment is expected to remain highly attractive throughout the assessment period.

Regional Analysis

Europe is the leading market for intelligent pumps. Existence of massive industrial settings in countries such as Germany, France, Netherland, Italy and the UK puts the region at a favourable position in the global intelligent pumps market. A flourishing manufacturing sector in Europe make the market in the region extremely dynamic. Europe will continue to present attractive growth opportunities to market players throughout the assessment period. Moreover. faster adoption of novel technologies has opened new window of growth in Europe.

APAC is second in pecking order and is likely to emerge as an important destination for market players in the forthcoming years. Rapid industrial growth, expansion of the manufacturing sector, and increased investment in infrastructure development are some of the factors supporting the growth of the market in APAC.

Global Intelligent Pumps Market: Competition Analysis

Prominent market players such as Emerson (US), Grundfos Holding (Denmark), Quantumflo (US), Yaskawa (Japan), Flowserve Corporation (US), ITT Corporation (US), Xylem (US), Wilo SE (Germany), Sulzer (Switzerland), KSB Aktiengesellschaft (Germany), ABB (Switzerland) and Kirloskar (India) have been covered in MRFR’s report.

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Intelligent Pumps Market Growth, Merger, Share, Trends, Competitive Landscape and Forecast To 2023

Intelligent Pumps Market Analysis

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 estimated to expand at 7.55% CAGR during the forecast period.

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.

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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.

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.

Based on type, the market is segmented as centrifugal pump and positive displacement pump. Centrifugal pump segment is estimated to dominate the market during the forecast period due to their wide application in building automation for HVAC systems and water systems. Moreover, rising concern for desalination is also driving the growth of centrifugal pumps.  

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.

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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.

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).

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Intelligent Pumps Market 2019 Growth, Size, Future Trends, Segmentation, Emerging Technology and Competitive Landscape To 2023

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

View More Info @ https://reut.rs/2Zx99n4

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com