The Intelligent Pump Market report for by pump type (Centrifugal and Positive Displacement) –by component (Pumps, Variable Drives and Control System) – by end user (Building Automation, Water & Wastewater, Oil & Gas, Chemicals, Power Generation and Others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ XX Mn by 2027, at a CAGR of XX %.
The intelligent pump helps to switch the flow and pressure of water or other fluids. It is extensively used across various end-user applications for energy management, secluded systems control, and condition monitoring. The intelligent pump offers many advantages such as energy savings, reduced downtime, and maintenance cost reduction. These pumps are used for supporting remote condition monitoring, remote systems control, and energy management thus the demand for intelligent pumps has been increasing significantly. Intelligent pumping systems can enable energy efficient processes. Cost of unforeseen plant downtime, mainly owing to rotating equipment failure is expected to increase the demand for intelligence pumps.
Variable Speed Drives are expected to dominate the intelligent pump market during the forecast period.
Based on the component, the global intelligent pumps market is classified into pump motor, variable speed drive, and control system. Among these, the segment of variable speed drive accounted nearly about 40.0% share in the market. Variable Speed Drives are estimated to dominate intelligent pump market owing to its vital role in automating fluid flow. Variable-frequency drive or variable-speed drive helps to regulate the speed and rotational force of an electric motor and systematize the process of the fluid traveling inside a pipeline. The variable speed drive is subdivided into high-quality variable speed drive and low-quality variable speed drive.
The centrifugal segment is estimated to grow at the high rate of CAGR during the forecast period.
Based on the pump type, the global intelligent pump market is divided into centrifugal and positive displacement. Centrifugal pumps with intelligent systems are expected to hold a significant share in the market during the forecast period. The growth is attributed to these pumps require much use of control systems in high-viscosity and adjustable pressure conditions. These pumps are widely used in building automation for HVAC systems and water systems.
Europe is estimated to lead the global intelligent pump market.
Europe is presently the largest market for intelligent pumps. The European market is predominantly driven by countries includes Germany, France, Italy, and U.K. Increasing demands for intelligent pumps are expected to lead intelligent pumps in this region. Government is focusing more on energy conservation, and stringent energy-efficiency standards are expected to boost the demand for intelligent pumps in this region.
This report comprises a study of marketing and development approaches, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as ITT Corporation, Grundfos Holding A/S, Xylem, Inc., Sulzer Ltd., Flowserve Corporation., QuantumFlo, Inc., CIRCOR International, Inc., Rockwell Automation, Emerson Electric Co. ,Kirloskar Brothers Ltd., Yaskawa Electric Corp, Goulds Pumps, Alfa Laval., Bosch Rexroth ,Grunwl ,Yaskawa Electric ,Colfax Corporation, Kirloskar Brothers , KSB AG, Wilo SE , Seepex GmbH and Regal Beloit Corporation.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Intelligent Pump 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 in the Global Intelligent Pump Market. 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 Global Intelligent Pump Market positioning of competitors.
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