Press release
Global Intelligent Pump Market Expected To Worth USD 1 Billion, At A CAGR Of 7.3% by 2027
Research Nester
Artificial intelligent pumps are used to control the pressure, flow check and temperature. Artificial intelligent pumps are more beneficial in saving energy, cost effectiveness and improves the lifetime and efficiency of pumping system.
Artificial intelligence pumps have set of GPS model chips installed in it, which can be directly monitored from PC or smartphones.
Market forecast & trends
The global intelligent pump market is expected to grow around USD 1 billion at a CAGR of 7.3% till the expected forecast period i.e. 2018-2027. Global intelligent pump market is likely to grow significantly in Asia pacific region (China, Japan, India and rest of Asia Pacific), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World due to the increased demands for artificial intelligent pumps.
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Shifting trend of market from old conventional pumps to the new automated intelligence pumps has positively supported in growth of the market in 2017 and is expected to follow the same trend in future also.
In terms of regional platform, North America is anticipated to acquire largest market share in the forecasted period i.e. 20178-2027 with a significant growth rate, owing to increase numbers of offshore activities in and oil/gas industry.
Growth drivers
The increase in population and changing lifestyle has resulted in high demand for fuel and energy for various purposes, which parallely has raised the demands for artificial intelligent pumps
Increase in the production of oil and gas industry that demands for pumps in performing their operation directly propelled growth in the market at significant rate. Qualities like cost effectiveness and low energy consumption of intelligent pumps are driving the growth in the market.
Old conventional pump demanded excessive energy consumption, but new automated pump requires less energy consumption and can also be directly monitored on screen without the hassle of human interference.
Moreover, the rising demand of medical products due to increasing number of diseases, such factor has forced the manufacturers to lift the productivity of products that requires the intelligent pumps is driving the growth of market.
Challenges
One of the challenge that restraints the expansion of global intelligent pump is lack of trained staffed for operating automated dispensing machine.
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The report titled "Global intelligent pump market: Global Demand Analysis & Opportunity Outlook 2025" delivers detailed overview of the global intelligent pumps market in terms of market by region, by distribution channel, by price type, by switches, by key type, by connectivity. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. This report also provides the existing competitive scenario of some of the key players of the global intelligent pump market which includes company profiling of Flowserve Corp, Grundfos A/S, Sulzer AG, QuantumFlo, Inc., Xylem, Inc., CIRCOR International, Inc., Rockwell Automation, Emerson Electric Co., Kirloskar Brothers Ltd.,Yaskawa Electric Cor.. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of global intelligent pump market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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