Global intelligent pumps market to attain a value of US$748.5 mn by 2025 from US$424.4 mn in 2016 by clocking a CAGR of 6.4% from 2017 to 2025.
Albany, NY -- (SBWIRE) -- 11/14/2017 -- In the current time, 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. The main unique superficial benefit of intelligent pumps is their operational efficiency. 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. Considering this fact, Market Research Hub (MRH) has included a new research study to its wide repository, which is titled as "Intelligent Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 – 2025". This study provides detailed analysis of the worldwide market and offers comprehensive insights and analysis on the key trends that are likely to shape the intelligent pumps market during the forecast period of 2017 to 2025.
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An intelligent pump is basically a combination of a variable frequency device and a conventional pump that holds the ability to be controlled digitally. The advantages offered in an intelligent pump have steadily driven the sales of intelligent pumps despite the high cost of installing them. As per the recent findings, the global intelligent pumps market witnessed to achieve a value of US$748.5 mn by 2025 from US$424.4 mn in 2016 by clocking a CAGR of 6.4% from 2017 to 2025.
In this initial section, the study provides comprehensive information about the intelligent pumps market covering its introduction, market size and forecast; and key participants market presence by region. Presently, the global intelligent pump market is fragmented in nature due to the occurrence of a large number of regional and international players of various sizes.
The report provides a detailed look into the segmentation of the global intelligent pumps market in order to familiarize readers with the granular makeup of the market. The market has been analyzed on the basis of the type of component, application and region. Geographically, the research study broadly classifies the global intelligent pumps market into North America, Asia Pacific, the Middle East and Africa (MEA), Europe, Latin America, and Japan. Among them, Asia Pacific is outdoing all other regions in terms of growth rate, which is predicted to remain about 7.3% from 2017 to 2025.
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Apart from that, the research highlights key components of intelligent pumps Pump Motor, Control System, Low-Quality Variable Speed Drive, Variable Speed Drive, High-Quality Variable Speed Drive and others. In addition, the research categorizes the market on the basis of application, which includes commercial and domestic buildings; industry such as water supply, pressure boosting, wastewater and others. The research finds that the most beneficial end use of the intelligent pumps is in the wastewater and water industry, in which the expansion of the smart cities gives enormous opportunities for application. Also, stringent regulatory customs regarding energy efficiency initiate the adoption of intelligent pumps in the wastewater and water segment.
Later, key market players have been outlined in terms of attributes such as company overview, financial overview, business strategies and recent developments. Key players in the intelligent pumps market include Goulds Pumps, QuantumFlo, Inc., Grundfos Holding A/S, Kirloskar Brothers Limited, Alfa Laval and others.
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