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For the projection period of 2023–2030, the market for intelligent pumps is expected to develop at a CAGR of 8.50%, or USD 856.5 million. The digitization of the oil & gas industry and increasing operational expenditure management pressure are anticipated to fuel industry expansion.
Digital technology enables the operation of intelligent pumps. They are the contemporary, upscale replacement for conventional pumps. It is a specific pump with adjustable frequency and digital control features. The digital pumps have sensors built in to track performance and gather information. The advantages of the intelligent pumps are numerous. Applications for monitoring, remote management, and energy management are made possible. Additionally, the market for intelligent pumps is becoming more and more significant. The industrial sector has a significant need for these pumps.
In recent years, they have also been used for sophisticated operations. These pumps are in high demand because they have a feature that controls fluid flow. All of these clever pump features ultimately result in cost and energy savings. Intelligent pumps are used in water treatment facilities, building systems, automation businesses, and grill control systems. The global market has faced many difficulties as a result of the COVID 19 outbreak. The production rate of the intelligent pumps has been constrained by market limits. Additionally, the end-user demand is subsequently reduced. The supply-demand chain is impacted by the epidemic. All of these limitations, though, are just temporary. The market will start producing again.
Furthermore, it is predicted that the market for intelligent pumps will increase significantly during the period of forecast. The market's key drivers will support overall growth. Additionally, there are numerous prospects for growth following this circumstance. The market trends for decreasing pumps won't last. Throughout the projected year, the growth of the intelligent pumps market is anticipated to remain steady. The short-term market setbacks won't significantly alter the market structure as a whole. An essential component of the industrial sector is the internet of things. It is a technology that propels automation in the industrial sector. The IoT's popularity increases demand for and growth potential for intelligent pumps. The introduction of technology has increased interest in the pump market. The market for intelligent pumps is more profitable when automation and pumps are combined. The intelligent pumps provide wireless control, real-time data, and operation monitoring.
Intelligent pumps market outlook is an energy-efficient one as a result of this utilisation of technology. In addition, it is a dependable technology employed in premium pump operations. Several businesses are looking for energy-efficient technologies right now. One such device with several advantages for energy efficiency is the intelligent pump. Another significant market driver is the industry's preference for energy-efficient technology. The effectiveness of the technology will be the main driver during the forecast period. This significant market driver will increase demand and profitability for the sector.
Nowadays, conventional pumps are used in most sectors. The sophisticated pumps are only being used by a few high-end businesses. The hefty initial cost makes this adoption procedure unpopular in a number of sectors. It is expensive to replace conventional pumps with intelligent pumps. The main barrier to the market for intelligent pumps is its initial cost. It severely restricts the market as a whole. Demand and profitability in the anticipated year may be impacted by the cost element. Additionally, intelligent pumps are highly developed in terms of technology. The total operating expense of the market is comprised of all of these. The cost factor may have a diminishing effect on the market during the course of the projection year.
Report Coverage
Global Intelligent Pumps research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Intelligent Pumps report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Intelligent Pumps competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Intelligent Pumps market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Intelligent Pumps market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Intelligent Pumps market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xylem (US), Emerson (US), ABB (Switzerland), Grundfos Holding (Denmark), Sulzer (Switzerland), Quantumflo (US), Kirloskar (India), Yaskawa (Japan), Wilo SE (Germany), Flowserve Corporation (US), KSB Aktiengesellschaft (Germany), and ITT Corporation (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Intelligent Pumps market based on the below-mentioned segments:
Global Intelligent Pumps Market, By Type
Centrifugal pumps
Positive displacement
Global Intelligent Pumps Market, By End User
Power generation
Building automation
Oil and gas industry
Water and wastewater management
Chemicals and gas industry
Global Intelligent Pumps market, Regional Analysis
Digital technology enables the operation of intelligent pumps. They are the contemporary, upscale replacement for conventional pumps. It is a specific pump with adjustable frequency and digital control features. The digital pumps have sensors built in to track performance and gather information. The advantages of the intelligent pumps are numerous. Applications for monitoring, remote management, and energy management are made possible. Additionally, the market for intelligent pumps is becoming more and more significant. The industrial sector has a significant need for these pumps.
In recent years, they have also been used for sophisticated operations. These pumps are in high demand because they have a feature that controls fluid flow. All of these clever pump features ultimately result in cost and energy savings. Intelligent pumps are used in water treatment facilities, building systems, automation businesses, and grill control systems. The global market has faced many difficulties as a result of the COVID 19 outbreak. The production rate of the intelligent pumps has been constrained by market limits. Additionally, the end-user demand is subsequently reduced. The supply-demand chain is impacted by the epidemic. All of these limitations, though, are just temporary. The market will start producing again.
Furthermore, it is predicted that the market for intelligent pumps will increase significantly during the period of forecast. The market's key drivers will support overall growth. Additionally, there are numerous prospects for growth following this circumstance. The market trends for decreasing pumps won't last. Throughout the projected year, the growth of the intelligent pumps market is anticipated to remain steady. The short-term market setbacks won't significantly alter the market structure as a whole. An essential component of the industrial sector is the internet of things. It is a technology that propels automation in the industrial sector. The IoT's popularity increases demand for and growth potential for intelligent pumps. The introduction of technology has increased interest in the pump market. The market for intelligent pumps is more profitable when automation and pumps are combined. The intelligent pumps provide wireless control, real-time data, and operation monitoring.
Intelligent pumps market outlook is an energy-efficient one as a result of this utilisation of technology. In addition, it is a dependable technology employed in premium pump operations. Several businesses are looking for energy-efficient technologies right now. One such device with several advantages for energy efficiency is the intelligent pump. Another significant market driver is the industry's preference for energy-efficient technology. The effectiveness of the technology will be the main driver during the forecast period. This significant market driver will increase demand and profitability for the sector.
Nowadays, conventional pumps are used in most sectors. The sophisticated pumps are only being used by a few high-end businesses. The hefty initial cost makes this adoption procedure unpopular in a number of sectors. It is expensive to replace conventional pumps with intelligent pumps. The main barrier to the market for intelligent pumps is its initial cost. It severely restricts the market as a whole. Demand and profitability in the anticipated year may be impacted by the cost element. Additionally, intelligent pumps are highly developed in terms of technology. The total operating expense of the market is comprised of all of these. The cost factor may have a diminishing effect on the market during the course of the projection year.
Report Coverage
Global Intelligent Pumps research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Intelligent Pumps report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Intelligent Pumps competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Intelligent Pumps market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Xylem (US), Emerson (US), ABB (Switzerland), Grundfos Holding (Denmark), Sulzer (Switzerland), Quantumflo (US), Kirloskar (India), Yaskawa (Japan), Wilo SE (Germany), Flowserve Corporation (US), KSB Aktiengesellschaft (Germany), and ITT Corporation (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Intelligent Pumps Market from 2021 to 2030.
- Market Forecast for Intelligent Pumps Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Intelligent Pumps competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Intelligent Pumps
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Intelligent Pumps market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Intelligent Pumps market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xylem (US), Emerson (US), ABB (Switzerland), Grundfos Holding (Denmark), Sulzer (Switzerland), Quantumflo (US), Kirloskar (India), Yaskawa (Japan), Wilo SE (Germany), Flowserve Corporation (US), KSB Aktiengesellschaft (Germany), and ITT Corporation (US).
Primary Target Market
- Market Players of Intelligent Pumps
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Intelligent Pumps market based on the below-mentioned segments:
Global Intelligent Pumps Market, By Type
Centrifugal pumps
Positive displacement
Global Intelligent Pumps Market, By End User
Power generation
Building automation
Oil and gas industry
Water and wastewater management
Chemicals and gas industry
Global Intelligent Pumps market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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