Intelligent Pumps Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research

Intelligent pumps can automatically regulate and control the flow and pressure of water or other fluids, due to which they offer maximum operational efficiency. They are capable of offering real-time data on the pumping equipment; hence there is no separate workforce required to repair and monitor the equipment. Despite the high costs of the pumps, the intelligent pumps market is growing at a fast pace worldwide. The variable-frequency drive or variable-speed drive regulates the speed automating the process of fluid that is moving within the pipeline. This report studies the current and future aspects of the intelligent pumps market.

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The report on the global intelligent pumps market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global intelligent pumps market is growing at a steady pace during the forecasted period mainly because of rise in industrialization and urbanization. The key market players are collaborating and emphasizing on product development which is creating new growth opportunities for the intelligent pumps market.

2. Governments in various countries are investing in industrial sector and emphasizing on urbanization is promoting the market growth. The increasing usage of intelligent pumps in applications such as buildings, water utilities and industrial sector is contributing towards the market growth. However, the high cost of manufacturing intelligent pumps is hampering the market growth.

The global intelligent pumps market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Europe region holds the highest market share and is the largest revenue contributor of intelligent pumps market. The region continues to dominate the global market during the forecasted period because of strong demand for clean drinking water. The intelligent pumps market is also growing at a steady pace in the Asia Pacific region as it is a base for major pump manufacturers. In addition, the government is also investing heavily into urbanization and industrialization which is contributing towards the market growth.

MARKET SEGMENTATION

This report analyzes the intelligent pumps market by the following segments:

Intelligent Pumps Market, by Component

1. Pump Motor
2. Variable Speed Drive
3. Control System
4. Others

Intelligent Pumps Market, by Application

1. Buildings
2. Industry
3. Water Utility (Municipal)

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