Press release
Intelligent Pumps Market 2019 Overview, Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints to 2023
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.
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.
The global intelligent pumps market is expected to grow at 7.55% CAGR during the forecast period.
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Market Research Analysis
Europe accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
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.
Scope of the Report
This report provides an in-depth analysis of the global intelligent pumps market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the intelligent pumps market by its type, component, end-user, and by region.
By Type
Centrifugal
Positive displacement
By Component
Control system
Variable drives
Pumps
By End-User
Building Automation
Water & Wastewater
Oil & Gas
Power Generation
Chemical
Others
By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
South America
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Key Players
The key 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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