Intelligent Pump Market by, Top Manufactures, Industry Outlook Forecast up to 2026 Key Players–Xylem, Inc., Sulzer Ltd., Flowserve Corporation, and ITT Corporation

Verified Market Research

Verified Market Research, has released a new study based report on the Global Intelligent Pump Market. Global Intelligent Pump Market was valued at USD 765.5 Million in 2018 and is projected to reach USD 1,293.0 Million by 2026, growing at a CAGR of 6.91% from 2019 to 2026.

Pumps have come to outgrow their traditional role as simple mechanical laborers with the addition of digital technology. Intelligent pumping can be defined as the combination of a pump and a variable frequency drive (VFD) with digital control ability. Nowadays, the term intelligent pump is morphing to include embedded or attached sensors that collect data and transmit pump performance and/or process for predictive asset management purposes. With the emergence of intelligent pumps comes several possibilities such as the potential for remote condition monitoring, energy management as well as remote systems control.

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Intelligent Pump Market Overview

With Industrial Internet of Things (IIoT) growing in prominence within the industrial automation community, pump manufacturers are understanding the opportunities that could drive profit in the pump market. The incorporation of technology in the pump market is providing pump manufacturers the ability to innovate and provide all pump solutions, in contrast to only a few components. Moreover, Government economic stimulus packages as well as tax credits that are targeting infrastructure projects, including water & wastewater and energy efficiency projects, are also expected to have a positive impact on the growth of intelligent pumps.

As intelligent pumping solutions have higher acquisition costs versus standard pumping equipment, it challenges providers to prove the cost-value ratio of their products to end users, thereby restraining the growth of the market. It can be seen from above that the maintenance and repair costs of pumps hold the largest share when it comes to the overall life-cycle cost of traditional pumps. The acquisition costs that intelligent pumps face are thereby balanced through the reduction of the maintenance that is required for traditional pumps.

Intelligent Pump Market Segmentation

The intelligent pump market is segmented on the basis of the component, pump type, application, and geography. On the basis of pump type, the market is bifurcated into Centrifugal Pumps and Positive Displacement Pumps. Centrifugal Pumps accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. Centrifugal pumps are used for most technical applications. They are the most common type of pump used in industry, agriculture, municipal (water and wastewater plants), power generation plants, petroleum and many other industries. This is due to their properties like robust construction, simple design, cost-effective manufacture, “good-natured” operating behavior and good adjust ability.

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The Major players in the market are
• Xylem,
• Inc.,
• Sulzer Ltd.,
• Flowserve Corporation,
• ITT Corporation
• Xylem, Inc.
• Yaskawa Electric Corporation
• Grundfos

Table of Content

1. Introduction of The Intelligent Pump Market
2. Executive Summary
3. Research Methodology of Verified Market Intelligence
4. The Intelligent Pump Market Outlook
5. The Intelligent Pump Market, By Systems
6. The Intelligent Pump Market, By Service
7. The Intelligent Pump Market, By Verticals
8. The Intelligent Pump Market, By Applications
9. The Intelligent Pump Market, By Geography
10. The Intelligent Pump Market Competitive Landscape

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support

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