Press Release / Business / Intelligent Pumps Market Volume In-Depth Qualitative Insights, Forecast And Global Industry Analysis -2023

Intelligent Pumps Market Volume In-Depth Qualitative Insights, Forecast And Global Industry Analysis -2023

Competitive Landscape
The key players of the Global Intelligent Pumps Market are 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).
Market Highlights
Intelligent pump helps to control the flow and pressure of water or other fluids. It is widely used across various end-user applications for energy management, remote systems control, and condition monitoring. The major advantages of intelligent pump include energy savings, reduced downtime, and maintenance cost reduction. According to EPA, more than 50% of the water systems in the US do not have proper remote monitoring for the pumping system. Thus, intelligent pump with wireless control capabilities is useful to access the operating data to reduce unplanned downtime and improve the maintenance activities.
Based on type, the Intelligent Pump Market is segmented as centrifugal pump and positive displacement pump. Centrifugal pump segment is estimated to dominate the market during the forecast period due to their wide application in building automation for HVAC systems and water systems. Moreover, rising concern for desalination is also driving the growth of centrifugal pumps.  
The Global Intelligent Pumps Market is expected to grow at 7.55% CAGR during the forecast period.
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Global intelligent pumps market is expected to witness substantial growth during the forecast period owing to growing investments in building automation. Growing focus on smart cities and strict energy efficiency standards in developed countries is also resulting in increasing demand for intelligent pumps. Europe holds the largest share in the intelligent pumps market due increasing number of manufacturing activities in countries such as France, Germany, and Italy. Similarly, development in digital oil fields offer opportunity for the intelligent pumps market. A key requirement for the digital oilfield includes accuracy and efficient control of flow from the wells and oilfields. Thus, intelligent pump systems are required to control pressure and temperature control. Asia Pacific holds the second largest share in the intelligent pumps market with increasing investment in IoT and water & wastewater treatment plants.
Scope of the Report
This report provides an in-depth analysis of the Global Intelligent Pumps Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Intelligent Pumps Market by its type, component, end-user, and by region.
By Type

Centrifugal
Positive displacement

By Component

Control system
Variable drives
Pumps 

By End-User

Building Automation
Water & Wastewater
Oil & Gas
Power Generation
Chemical
Others

By Regions

North America 
Asia-Pacific 
Europe
Middle East & Africa
South America

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