Intelligent Pump Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Intelligent Pump Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2021 | Energy & Mining

Report Digest


Global Intelligent Pump Market: Snapshot

An intelligent pump can provide a wide set of advantages over its conventional counterparts, at a trade-off of a higher initial cost. The overall implementation of an intelligent pump is relatively simple for all the functions that it brings to the table. In a general sense, an intelligent pump is one that can automatically regulate or completely control the pressure and rate of flow of fluids from its. The overall benefit of using intelligent pumps comes from the massive savings in energy consumption that it can bring in the long run. Intelligent pumps can also bring about significant cost reductions in the overall systems in terms of operation and maintenance. 

An intelligent pump is essentially a combination of a variable frequency device and a conventional pump that holds the ability to be controlled digitally. The use of electronics to control the flow through a pump has significantly evolved the implementation possibilities of the quintessential pump. The primary focus given to the use of intelligent pump is the savings in resources and energy. They are also highly preferred for implementation in remote conditions for monitoring and control. Further advancements in intelligent pump systems include the use of wireless technologies for added control over longer distances. This, however, can come at a very high installation cost, which a lot of end users may not be capable of buying out. They could receive government support over the coming years, seeing how intelligent pumps can help save energy amid the current energy crunch.

Intelligent Pump Market: Overview 

Intelligent pumps offer a wide range of benefits, including access to real-time operating data, improved maintenance predictions and plans, and wireless control and monitoring. The trend of installing these pumps, especially for water and wastewater monitoring, has gained much traction over the recent past. 

The two main types of intelligent pumps are centrifugal pumps and positive displacement pumps, with the key components being variable drives, pumps, and control systems. These find application in a wide range of industries, such as water and wastewater, chemicals, building automation, oil and gas, and power generation. 

The Intelligent Pump Market report takes a closer look at the overall market and offers sharp and actionable insights for clients to form crucial decisions. The structure and performance of the intelligent pumps market has been studied in depth, keeping in mind its historical, current, and future tendencies, and the analytical findings have been presented in a comprehensive and easy-to-understand format. This information is backed by statistical and graphical data, making the report an ideal blueprint of the global intelligent pump market. 

Intelligent Pump Market: Trends and Opportunities 

The growing need for proper monitoring and control of pumps has resulted in the introduction of intelligent pumps in a number of end-use industries. These pumps enable remote systems control, remote condition monitoring, and energy management and as a result, the demand for the same has been steadily rising. 

Among the two major types of pumps, namely centrifugal and positive displacement, the former exhibits a stronger hold on the intelligent pump market, research analysts observe. This can be attributed to the fact that they have proven to be more effective and in control in variable pressure conditions and conditions of high viscosity. Control systems form key components in intelligent pumps owing to their ability in enabling energy efficiency in several applications. One of the most lucrative end uses of intelligent pumps is in the water and wastewater industry, wherein the development of smart cities presents immense opportunities for application. Strict regulatory norms pertaining to energy efficiency also spurs the adoption of intelligent pumps in the water and wastewater segment. 

Intelligent Pump Market: Regional Outlook 

The global intelligent pump market is segmented on the basis of geography into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Europe holds a significant share in the worldwide market and is anticipated to hold a prominent place in the years to come as well. This can be primarily attributed to a rise in manufacturing and development activities in flourishing countries such as France, Germany, and Italy. The Europe intelligent pumps market is also driven by a surge in the demand for smart water systems and building automation. 

Asia Pacific is a promising intelligent pump market and presents a host of lucrative opportunities for players thanks to a booming construction industry. With the development of smart cities across India, coupled with expanding capacities of power generation, the intelligent pumps market in Asia Pacific will receive a major boost. 

In the Middle East and Africa region, the market for intelligent pumps is boosted by the rising need for energy security, the immense potential in subsea applications, rapid advancements in technology, and the need for enhanced energy efficiency measures.

Companies mentioned in the report: 

It has been observed that a number of leading companies in the intelligent pump market are looking to expand operations in developing countries owing to the immense opportunities they present. Companies are also resorting to various other growth strategies to expand their footprint in the worldwide market. ITT Corporation (U.S.), Sulzer Ltd. (Switzerland), Grundfos Holding A/S (Denmark), Flowserve Corporation (U.S.), and Xylem, Inc. (U.S.) are some of the notable players competing in the global intelligent pump market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?