Intelligent Pump Market By Type (Centrifugal, Positive Displacement), By Component (Pumps, Control Systems), By End User Industry (Industrial, Building Solutions): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global intelligent pumps market size was valued at $1,032.8 million in 2021, and is projected to reach $2,108.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031. Intelligent pumps are advanced version of ordinary pumps that incorporate advanced technologies that enhance operational efficiency and offers features, such as remote control.
Intelligent pumps are available in the market with varying level of automation and intelligence. Often, intelligent pumps are used by industries that are large and very complex, and by using intelligent pumps they can reduce the operational and maintenance cost complex pumping system.
The rise in population, globalization, and rise in disposable income of people have fueled the growth of various industries, such as, manufacturing, petrochemical, food and beverages, and others. Furthermore, population growth and urbanization are driving the demand for energy, which eventually propels the growth of oil & gas industry, thereby positively influencing the intelligent pump market. However, high setup cost of intelligent pumps and fluctuating cost of raw materials used for manufacturing intelligent pump systems are expected to constraint the market growth. Furthermore, development of technologies that have enabled the remote monitoring and operation of intelligent pumps is expected to provide lucrative opportunities for the intelligent pump market growth.
The intelligent pumps market is segmented on the basis of type, component, end-user industries, and region. By type, the market is bifurcated into centrifugal and positive displacement. On the basis of component, it is categorized into pumps and control systems. On the basis of end-user industry, the market is bifurcated into industrial and building solutions. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as business expansion, product launch, and partnership to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the intelligent pump market report include ABB, All Pump Solutions, Armstrong Fluid Technology, Circor International, Inc., Flowserve Corporation, Grundfos Holding A/S, Ingersoll Rand Inc., ITT Inc., Ketek Group, Kirloskar Brothers Limited (India), KSB SE & Co. KGaA, Sulzer Ltd., Unico LLC., Wanner International Ltd. (Hydra-Cell), Wilo SE, Xylem Inc., and Yaskawa Electric Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intelligent pump market analysis from 2021 to 2031 to identify the prevailing intelligent pump market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the intelligent pump market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global intelligent pump market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End User Industry
Industrial
Industry Type
Water and waste water
Oil and gas
Power generation
Others
Building Solutions
By Type
Centrifugal
Positive Displacement
By Component
Pumps
Control Systems
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Netherlands
Rest Of Europe
Asia-Pacific
South Korea
Australia
Indonesia
Vietnam
Rest Of Asia-Pacific
China
Japan
India
LAMEA
Brazil
Argentina
Saudi Arabia
UAE
South Africa
Kenya
Key Market Players
Grundfos Holding A/S
Ingersoll Rand Inc.
ABB
All Pump Solutions
Armstrong Fluid Technology
Circor International, Inc.
Flowserve Corporation
ITT Inc.
Ketek Group
Kirloskar Brothers Limited (India)
KSB SE & Co. KGaA
Sulzer Ltd.
Unico LLC.
Wanner International Ltd. (Hydra-Cell)
Wilo SE
Xylem Inc.
Yaskawa Electric Corporation
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