Intelligent Pumps Market

21 Mar

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Intelligent Pumps Market Poised to Grow at a CAGR of 6.2% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Intelligent Pumps Market. The report presents analysis of global as well as regional markets of intelligent pumps market over the period of 2016 to 2024. 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. In intelligent pumping systems, energy accounts for more than one-third of total lifecycle costs. Because of the energy-intensive nature of pump systems, the energy saving advantages of intelligent pumps will be a significant contributor to growth.

 

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.

 

On the other hand, need to develop necessary instrumentation and electronics background to sell and support intelligent pumps for the distributors is one of the most significant challenges for intelligent pumps market. Furthermore, the most beneficial use of intelligent pumps is in the wastewater and water industry in which the expansion of smart cities gives rise to enormous opportunities for the intelligent pumps applications. Among the geographies, Europe dominated the intelligent pumps market. The growth in the European region is due to strong demand for clean drinking water that requires intelligent pumps. Moreover, government investments in industrialization and urbanization are anticipated to boost the intelligent pumps market in the Asia Pacific regions. On the other hand, China is one of the major exporters of cheap pumps to the Middle East and Africa, as they do not have domestic bases for pumps.

 

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global intelligent pumps market  but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global intelligent pumps market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1569

 

The recent report identified that Europe dominated the global intelligent pumps market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the intelligent pumps market worldwide.

 

The report segments the global intelligent pumps market on the basis of Pump Type, Component and End-User.

 

Global Intelligent Pumps Market by Pump Type

·         Centrifugal Displacement

·         Positive Displacement

 

Global Intelligent Pumps Market by Component 

·         Pump Motor

·         Variable Speed Drive 

·         Control Systems

 

Global Intelligent Pumps Market by End-User 

·         Building Automation

·         Water & Wastewater

·         Oil & Gas

·         Chemicals

·         Power Generation

 

Companies Profiled in the Report

·         Grundfos Holding A/S

·         Goulds Pumps

·         QuantumFlo, Inc

·         Kirloskar Brothers Limited

·         Alfa Laval.

·         ITT Corporation

·         Xylem, Inc

·         Sulzer Ltd.

·         Flowserve Corporation.

 

About Infinium Global Research

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