Global Intelligent Pump Market Size By Component (Variable Drives, Control Systems), By Pump Type (Centrifugal Pumps, Positive Displacement Pumps), By Geographic Scope and Forecast

Intelligent Pump Market Size And Forecast

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Intelligent Pump Market size was valued at USD 1011.41 Million in 2021 and is projected to reach USD 1617.28 Million by 2030, growing at a CAGR of 6.94% from 2023 to 2030.

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Major factors which drive the market growth include, the Industrial Internet of Things (IIoT) growing in prominence within the industrial automation community, pump manufacturers understanding the opportunities and increasing number of mergers and acquisitions by key players, and increasing digitalization boosting the market growth. Moreover increasing population and rising disposable income of the population boost the growth of pump manufacturing industries. The Global Intelligent Pump Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Intelligent Pump Market Definition

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With the advent of digital technology, pumps have grown beyond their historical function as basic mechanical workers. The combination of a pump and a variable frequency drive (VFD) with digital control capabilities is known as intelligent pumping. Today, the definition of an intelligent pump is evolving to incorporate embedded or attached sensors that gather information about pump performance and/or process and send it for use in predictive asset management.

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Intelligent pumps have opened up a number of opportunities, including the ability for remote condition monitoring, energy management, and remote system control. Intelligent pumps offer improved operational efficiency and are more energy-efficient. The capacity to adjust speed and pressure allows for the regulation of electricity consumption. Additionally, it stops pumps from being used excessively, extending their lifespan.

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Global Intelligent Pump Market Overview

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The Intelligent Pump Market is experiencing a scaled level of attractiveness in the Asia Pacific region. The Asia Pacific area has a prominent presence and will account for a significant market share by 2030. China and India are Asia Pacific’s main markets. China. is growing with a substantial CAGR over the forecast period.

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Pumps now serve a variety of purposes beyond their historical role as simple mechanical workers, thanks to the development of digital technology. Intelligent pumping is the use of a pump in conjunction with a variable frequency drive (VFD) that has digital control capabilities. The term “intelligent pump” is currently being redefined to include embedded or attached sensors that collect data on pump performance and/or processing and transmit it for use in predictive asset management. Opportunities for remote condition monitoring, energy management, and system control have all been made possible by intelligent pumps.

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Intelligent pumping solutions are more expensive to acquire than traditional pumping equipment, which makes it difficult for manufacturers to convince customers of the cost-to-value of their goods. This constrains the market’s expansion. The expenditures associated with pump maintenance and repairs make up the greatest portion of the total life-cycle cost of conventional pumps, as can be seen from the table above. As a result, the increased maintenance costs for conventional pumps are offset by the lower acquisition prices for intelligent pumps.

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Global Intelligent Pump Market: Segmentation Analysis

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The Global Intelligent Pump Market is segmented on the basis of Pump Type, Component, And Geography.

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Intelligent Pump Market, By Pump Type

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• Centrifugal Pumps

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• Positive Displacement Pumps

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Based on Pump Type, the market is bifurcated into Centrifugal Pumps and Positive Displacement Pumps. The market segment with the biggest share, centrifugal pumps, is anticipated to expand at the highest CAGR during the forecast period. The majority of technological applications employ centrifugal pumps. The majority of industrial, agricultural, municipal (water and wastewater treatment), power generating, petroleum, and other industries employ these types of pumps. This is because of their qualities, including their sturdy structure, straightforward design, affordable manufacturing, “gentle” operating behavior, and outstanding adjustability.

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Intelligent Pump Market, By Component

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• Variable Drives

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• Control Systems

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• Pumps

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Based on Component, the market is bifurcated into Variable Drives, Control Systems, and Pumps. The market for control systems is expected to grow at the highest CAGR over the forecast period. Rising adoption of energy-efficient applications in multiple industries.

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Intelligent Pump Market, By Geography

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• North America

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• Europe

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• Asia Pacific

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• Rest of the world

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On the basis of Geography, the Global Intelligent Pump Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe dominated the global market for intelligent pumps. Innovative technologies like intelligent pump systems are expected to be the primary catalyst for future growth as the European pump sector nears maturity. Numerous end-user industries, including those dealing with water and wastewater treatment, building automation, and the production of food and drinks, are seeing an increase in demand for these “smart” pumps.

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Additionally, escalating demand for automated buildings and smart water systems. With rising demand for clean water across diverse industries, countries in Europe are installing more water and wastewater facilities. Asia Pacific is anticipated to see the highest CAGR and market growth in the region due to increasing monetary activity, including industrialization, current framework, urbanization, and demand for clean, reusable water.

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Key Players

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The “Global Intelligent Pump Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Xylem Inc.(U.S.), Grundfos Holding A/S (Denmark), ITT Corporation (U.S.), Sulzer Ltd (Switzerland), Flowserve Corporation (U.S.) Colfax Corporation (U.S.), Regal Beloit (U.S.), Kirloskar (India).

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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

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Key Developments

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• In 2021, In order to support water startups and advance innovation in the water sector, Xylem established partnerships with Imagine H2O.

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• In 2021, Regal Beloit Corporation, Declared that its new Century VGreen Evo pool pump motor had been added to its product line. The VGreen Evo pump motor, one of the most energy-efficient pool pump motors on the market, is run by cutting-edge variable speed technology.

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Ace Matrix Analysis

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The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Market Attractiveness

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The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Intelligent Pump market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

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Porter’s Five Forces

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The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Intelligent Pump market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Report Scope

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Research Methodology of Market Research:

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