Rising Oil And Gas Production Fuel Growth In The Smart Pump Market Driver: Leading Transformation in the Smart Pump Market in 2025

Which drivers are expected to have the greatest impact on the over the smart pump market's growth?
The increase in oil and gas extraction activities is projected to boost the expansion of the smart pump market. In this context, oil and gas production alludes to the procurement and development of crude oil and natural gas from subterranean caches to cater to energy requirements. The surge in oil and gas production is instrumental due to escalating worldwide energy demand, especially in evolving economies, coupled with progress in extraction methodologies like hydraulic fracturing and horizontal drilling. Smart pumps play a pivotal role in oil and gas production by enhancing efficiency through the application of real-time details and sophisticated arrangements for observing and managing fluid movement, diminishing energy utilization and operational expenditures. To exemplify, as per the U.S. Energy Information Administration, a leading agency of the Federal Statistical System in America, the UAE reportedly possessed about 111 billion barrels of proved crude oil reserves at the start of 2023, marking an increase from 107 billion barrels the previous year. As a result, the surge in oil and gas production activities is accelerating the expansion of the smart pump market.

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What is the future CAGR of the smart pump market, and how will it impact industry expansion?
In recent times, the smart pump market has experienced robust growth. The market is projected to expand from a worth of $0.99 billion in 2024 to $1.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.7%. Factors such as the rising occurrences of chronic illnesses, growing demand for home healthcare, escalating aging population, broadening of healthcare facilities and increased focus on patient safety played significant roles in contributing to this growth over the historical period.

There is an anticipation of significant expansion in the smart pump market in the coming years. The market is projected to escalate to $1.49 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. The predicted growth in the forecast period can be traced back to increased health-related expenses, an intense uptake of telehealth services, the urgency for streamlined operations in healthcare facilities, a demand for better patient results, and an upturn in outpatient procedures. Key trends expected throughout the forecast period include the application of artificial intelligence, the improvement of data analytics abilities, a rising focus on interoperability, the broadening of remote patient observations, and a rise in synergies among healthcare stakeholders.

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What are the most significant trends transforming the smart pump market today?
Key players in the smart pump market, such as IoT-based remote pump monitoring systems, are prioritizing the creation of innovative solutions to boost efficiency, anticipate maintenance requirements, and avoid malfunctions. This technology, an IoT-based remote monitoring system for pumps, uses internet-connected sensors and software to allow real-time oversight and regulation of pump operations. It enables the remote spotting of issues and the reception of alerts, optimizing efficiency and preventing machinery failure without needing human interaction. For instance, Kirloskar Brothers Limited, an India-based fluid management solutions provider, launched an upgraded version of its IoT-based remote pump monitoring system called KirloSmart, in August 2022. This system facilitates real-time tracking, problem-solving, and anticipatory upkeep without human interference. The latest version comes with improved features such as compatibility with 4G or 5G, superior UI or UX, and enhanced analytics, thus offering users amplified control, energy conservation, and pump durability.

Which key market segments comprise the smart pump market and drive its revenue growth?
The smart pumpmarket covered in this report is segmented -

1) By Pump Type: Centrifugal, Positive Displacement
2) By Capacity: Up To 30 m3/h, 30 To 90 m3/h, 90 To 180 m3/h, 180 To 360 m3/h, Above 360 m3/h
3) By End-User: Building Automation, Water And Wastewater, Oil And Gas, Chemicals, Power Generation, Other End Users

Subsegments:
1) By Centrifugal Pumps: Horizontal Centrifugal Pumps, Vertical Centrifugal Pumps, Submersible Centrifugal Pumps, Magnetic Drive Centrifugal Pumps
2) By Positive Displacement Pumps: Gear Pumps, Diaphragm Pumps, Piston Pumps, Screw Pumps, Peristaltic Pumps

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Which region dominates the smart pump market?
North America was the largest region in the smart pump market in 2024. The regions covered in the smart pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the smart pump market?
Major companies operating in the smart pump market are Schlumberger Ltd., Baker Hughes, Emerson Electric Co., Aker BP, Danfoss A/S, National Oilwell Varco, Xylem Inc., EBARA Pump Europe, Grundfos Holding A/S, Pentair plc, Flowserve Corporation, Sulzer Limited, ITT Corporation, KSB SE & Co. KGaA, Wilo SE, Gorman-Rupp Company, Kirloskar Group, Tsurumi Manufacturing Co., Ltd., Hidrostal AG, M Pumps, Suguna Pumps

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What Is Covered In The Smart Pump Global Market Report?

•Market Size Forecast: Examine the smart pump market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart pump market for a structured understanding.
•Key Players Overview: Analyze major players in the smart pump market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart pump market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart pump market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart pump market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart pump market.
•Competitive Landscape: Review strategic developments in the smart pump market, including expansions, agreements, and new product launches.

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