The report of global digital pump controller market by Connectivity (Conventional Pump Controller, Mobile/Remote Pump Controller (Radiofrequency, Remote, SMS, APP, SCADA, Mobile phone)) Distribution Channel (Online, Retail (Company-owned, Third Party)) End Users (Manufacturing (Food & Beverage, Pharmaceutical, Oil & Gas, Textile & Paper, Chemicals, Biotechnology, Construction) Public Sector (Water & Wastewater Treatment, Pumping Stations) Agriculture, Residential) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of 6.5% during a forecast period.
A digital pump controller eliminates the necessity for manual switching of pumps. These controllers are implanted with electrical sensors that offer more accurate data than traditional pneumatic sensors placed in conventional pump controllers. Rise in the usage of solar water pumps in agriculture and irrigation sector, government initiatives to conserve water and projects to initiate wastewater treatments are expected to impelling the demand for digital pump controllers market around the world. However, the lack of awareness and mechanical challenges especially in some rural areas and under-developed countries are expected to hamper the market growth at global level.
Agriculture segment is expected to grow at the highest XX% CAGR during the forecast period.
The agriculture segment is expected to expand at the largest CAGR of XX% throughout the upcoming period, due to the surge in adoption of water pumps by farmers, mainly in the Asia Pacific region. In 2018, the manufacturing segment accounted for the highest market of XX% due to industrial automation all over the world.
The Asia Pacific dominated the Global Digital Pump Controller Market in 2018.
In 2018, Asia Pacific held the dominant market share of XX% in the digital pump controller market and it is anticipated to expand at the highest CAGR of 9.2% over the forecast period, due to rising adoption of solar water pump and advanced technologies. In the region, supporting government regulation and energy crisis concerns are encouraging the manufacturers to develop energy efficient product.
Key players operating the global digital pump controller market are C&S Electric Limited, Dwyer Instruments, Inc., Grundfos, Kirloskar Brothers Limited, Precision Digital Corporation, Remote Control Technology, Spring (Europe) Ltd., Sulzer Ltd, Valmont Industries, Inc. and Xylem Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Digital Pump Controller Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry.
Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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