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Global Intelligent Pumps Market is expected to grow at a CAGR of 6.25% over the Forecast Period of 2018 – 2024

Infograph - Global Intelligent Pumps Market

By Infinium Global Research Aug, 2020

An intelligent pump has the ability to regulate and control flow or pressure. The key benefits of intelligent pumps are energy savings and system cost reductions. Intelligent pumps have the potential to improve process control, enable better management of its health, and assist all power generation plants in reducing total energy consumption. Improving pump station efficiency and remote monitoring are the major factors that are driving the intelligent pumps market. Intelligent pumps facilitate energy efficient processes. Hence, the demand for minimization of manual operations and automated regulations to regulate and control the flow of fluid, which in turn, drives the growth of the intelligent pumps market. In addition, the intelligent pump's system offers the ability to access real-time operating data on the pumping equipment this, in turn, is boosting the growth of the intelligent pumps market. On the other hand, tax credits and government economic incentive packages targeting infrastructure projects, including water & wastewater and energy efficiency projects and replacement of old- aged pumps with intelligent pumps with are expected to have a positive impact on the growth of intelligent pumps.

 

The report on Global Intelligent Pumps Market covers segments such as pump type, component, and end user. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Grundfos Holding A/S, Goulds Pumps, QuantumFlo, Inc., Kirloskar Brothers Limited, Alfa Laval, ITT Corporation, Xylem, Inc, Sulzer Ltd., and Flowserve Corporation.

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