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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