Latest TMR Report Explores Impact of COVID-19 Outbreak on Intelligent Pumps Market

With a massive pool of small, medium, and large participants, the global intelligent pumps market demonstrates a highly fragmented business landscape. The market comprises of both, international and local players in large numbers, which intensify the competition within it. To sustain this competition, leading players are resorting to strategic alliances with smaller players. Goulds Pumps, Grundfos Holding A/S, QuantumFlo Inc., Alfa Laval, and Kirloskar Brothers Ltd. are some of the key participants in the global intelligent pumps market. These players are investing heavily on the development of advanced intelligent pumps to meet the demands of consumers. They are also focusing on developing distribution channels to improve their reach.

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According to a report by Transparency Market Research (TMR), the global intelligent pumps market is expected to report a CAGR of 6.40% during the period from 2017 and 2025. Progressing at this pace, this market is likely to reach US$748.5 mn by 2025 from a value of US$424.4 mn in 2016.
 
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The research report also offers a qualitative analysis of each of the regional markets for intelligent pumps. North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific have surfaced as the key regional segments of the global intelligent pumps market. Europe, among these, has acquired the leading position. In 2016, it held a share of approximately 35% in the overall market. With the rising demand for clean drinking water, the need for intelligent pumps is increasing considerably in Europe. Researchers predict, this factor is likely to support the Europe intelligent pumps market in maintaining its dominance over the forecast period.

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The review is based on a report by Transparency Market Research, titled “Intelligent Pumps Market (Component - Pump Motor, Variable Speed Drive (High Quality Variable Speed Drive And Low Quality Variable Speed Drive), And Control System; Application - Buildings (Commercial Buildings (Heating And Ventilation, District Heating, And Pressure Boosting) And Domestic Buildings (Pressure Boosting And Waste Water)), Industry (Temperature Control, Pressure Boosting, Water Supply, Wastewater, And Water Treatment), Water Utility (Water Supply (Water Intake, Water Distribution, And Treatment Plants) And Waste Water (Transport/Networks And Treatment Plants)) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 - 2025.”

The Intelligent Pumps Market has been segmented as follows:

Component
Pump Motor
Variable Speed Drive
oHigh Quality Variable Speed Drive
oLow Quality Variable Speed Drive
Control System
Others

Application
Buildings
oCommercial Buildings
Heating and Ventilation
District Heating (distribution network)
Pressure Boosting
oDomestic Buildings
Pressure Boosting
Waste Water
oOthers

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This release was published on openPR.