The report takes a closer look at the overall market and offers sharp and actionable insights for clients to form crucial decisions.
Albany, NY -- (SBWIRE) -- 02/28/2017 -- 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.
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The 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 pumps 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.
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Among the two major types of pumps, namely centrifugal and positive displacement, the former exhibits a stronger hold on the intelligent pumps 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 market for intelligent pumps 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 market for intelligent pumps 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.
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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 pumps 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 market for intelligent pumps.
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