Report Ocean recently released a research report on the Intelligent Pump Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global intelligent pump market revenue was around US$ 11.4 billion in 2021 and is estimated to reach US$ 2.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2022 to 2031.
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Intelligent pumps use cutting-edge technology to provide sophisticated features like automatically changeable pressure heads and speed of flow. Remote monitoring and control are also available for these pumps. It offers improved operational efficiency and is more energy-efficient. The electricity consumption can be controlled since the speed and pressure may be changed. Additionally, by avoiding overuse, the pump’s lifespan is increased.
Factors Influencing Market Growth
– Facilities that treat wastewater frequently utilize intelligent pumps, and it is anticipated that this sector of the economy will expand. Thus, it is anticipated to propel the market growth.
– Predictive maintenance is possible due to integrated technologies. Due to these benefits, intelligent pumps are a great choice for large and complicated industries. As a result, this factor boosts the market expansion.
– Due to the development of Industry 4.0, cloud platforms and new sensors are expected to create ample opportunities in the market for the key players.
– Expensive initial investment and unstable raw material costs. Such, these factors restrain the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government, several producers in the market were forced to halt operations in nations like India, China, and the U.S. In the earliest lockdowns, this break had a direct impact on the revenue of companies that make clever pumps. However, a lack of labor and raw materials also limited the supply of raw materials for intelligent pump end users, which slowed down the market. Furthermore, the severity of the pandemic has greatly decreased after two years of the crisis. Due to the introduction of immunizations, major market participants are recovering quickly.
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Regional Insights
Asia Pacific dominated the market. This is attributed to financial activities such as industrialization, modern farming, urbanization, and an intensifying need for potable water that have followed expansions in this region. The global chemical industry is also heavily dominated by Indonesia, India, China, South Korea, and Taiwan. In addition, Intelligent pumps are often used in facilities that treat wastewater, and it is projected that this economic sector will grow. It is therefore expected to fuel market expansion in this region.
Leading Competitors
The leading competitors in the global intelligent pump market are:
– Ingersoll Rand Inc
– ITT Inc
– Circor International
– Armstrong Fluid Technology
– Wanner International Ltd
– Hydra-Cell
– Wilo SE
– Unico LLC
– Flowserve Corporation
– Sulzer Ltd
– Kirloskar Brothers Limited (India)
– Grundfos Holding A/S
– Xylem Inc
– Yaskawa Electric Corporation
– Ketek Group
– ABB
– All Pump Solutions
– KSB SE & Co. KGaA
– Others
Segmentation Analysis
The global intelligent pump market segmentation focuses on End-User Industry, Type, Component, and Region.
Segmentation based on End User Industry
– Industrial
? Water and wastewater
? Oil and gas
? Power generation
? Others
– Building Solutions
Segmentation based on Type
– Centrifugal
– Positive Displacement
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Segmentation based on Component
– Pumps
– Control Systems
Segmentation based on Region
– North America
– The U.S.
– Canada
– Mexico
– Europe
– Western Europe
– The UK
– Germany
– France
– Italy
– Spain
– Rest of Western Europe
– Eastern Europe
– Poland
– Russia
– Rest of Europe
– Asia Pacific
– China
– India
– Japan
– Australia & New Zealand
– ASEAN
– Rest of Asia Pacific
– Middle East & Africa (MEA)
– UAE
– Saudi Arabia
– South Africa
– Rest of MEA
– South America
– Brazil
– Argentina
– Rest of South America
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Table of Content
Chapter 1: Global Intelligent Pump Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Intelligent Pump market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Intelligent Pump Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Intelligent Pump market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Intelligent Pump market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Intelligent Pump market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Intelligent Pump market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Intelligent Pump business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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