Intelligent Pump Market Share 2023, Size Estimation, Industry Demand, Forthcoming Status and Forecast to 2031 | Ingersoll Rand Inc, ITT Inc, Circor International

Introduction
The global intelligent pump market has been experiencing steady growth with the advancements in technology. Intelligent pumps offer sophisticated features such as automatically adjustable pressure heads and flow speed, remote monitoring, and control. These pumps enhance operational efficiency and are more energy-efficient, leading to controlled electricity consumption and increased pump lifespan. This report provides an overview of the market, including its size, growth potential, and key players. It also analyzes the factors influencing market growth, the impact of the COVID-19 pandemic, regional insights, and segmentation analysis.

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Market Overview
The global intelligent pump market generated approximately US$ 11.4 billion in revenue in 2021. It is projected to reach US$ 22.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2022 to 2031.

Factors Influencing Market Growth
Several factors are driving the growth of the intelligent pump market:

The increasing use of intelligent pumps in wastewater treatment facilities is expected to drive market growth, as this sector is anticipated to expand.
Integrated technologies enable predictive maintenance, making intelligent pumps a preferred choice for large and complex industries. This factor contributes to market expansion.
The development of Industry 4.0, including cloud platforms and new sensors, is creating opportunities for key players in the market.
However, the market growth may be hindered by the expensive initial investment required and unstable raw material costs.

Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Government-enforced lockdowns resulted in the temporary halt of operations by many intelligent pump manufacturers in countries like India, China, and the U.S. This disruption directly affected the revenue of companies producing intelligent pumps. Additionally, labor and raw material shortages limited the supply of intelligent pump components, further slowing down the market. However, as the severity of the pandemic has decreased and vaccinations have been introduced, major market players are recovering quickly.

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Regional Insights
Asia-Pacific currently dominates the intelligent pump market, driven by industrialization, modern farming, urbanization, and the increasing demand for potable water in the region. The chemical industry, particularly in Indonesia, India, China, South Korea, and Taiwan, significantly contributes to the market. Wastewater treatment facilities also extensively utilize intelligent pumps, further boosting market growth in Asia-Pacific.

Leading Competitors
The global intelligent pump market features several leading competitors, including:

Ingersoll Rand Inc
ITT Inc
Circor International
Armstrong Fluid Technology
Wanner International Ltd
Hydra-Cell
Wilo SE
Unico LLC
Flowserve Corporation
Sulzer Ltd
Kirloskar Brothers Limited (India)
Grundfos Holding A/S
Xylem Inc
Yaskawa Electric Corporation
Ketek Group
ABB
All Pump Solutions
KSB SE & Co. KGaA
Others

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Segmentation Analysis
The market segmentation for intelligent pumps is based on the following factors:

End-User Industry: Industrial (water and wastewater, oil and gas, power generation, others), Building Solutions

Type: Centrifugal, Positive Displacement

Component: Pumps, Control Systems

Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe, Poland, Russia, Rest of Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)

Conclusion
The global intelligent pump market is witnessing significant growth due to technological advancements and the benefits offered by these pumps. Wastewater treatment facilities, predictive maintenance, and the development of Industry 4.0 are driving market expansion. Asia-Pacific currently dominates the market, with contributions from the chemical industry and the demand for potable water. Leading competitors are actively participating in the market and driving innovation in intelligent pump technology.

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