Intelligent Pumps Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research
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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.
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
Intelligent Pumps Market, by Application
3. Water Utility (Municipal)
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Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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