Digital Pump Controller Market - Snapshot
A digital pump controller eliminates the need for manual switching of pumps installed to pump water from a reservoir to an overhead tank. Digital pump controllers use electrical sensors which provide more accurate data than traditional pneumatic sensors, which were used by traditional pump controllers. Digital pump controllers offer a visible control panel that enable users to effectively manage the performance of the device. Also, they can be more easily integrated with a system. Besides, they can be operated remotely via mobile or remote. Additionally, they can be operated by radio frequency, SMS/GSM, App and SCADA systems. Thus, quick set up and ease of use is expected to drive the growth of the digital pump controller market. The agriculture segment is expected to account for a significant share of the digital pump controllermarket over the forecast period.
The global digital pump controller market was valued at US$ 8.20 Bn in 2017 and is expected to expand at a CAGR of 6.6% during the forecast period.
Rise in installation of water pumps across all regions is leading to the need for digital pump controllers to control these water pumps; hence, this factor is expected to drive the digital pump controller market. However, lack of awareness about digital pump controllers in some regions isa factor restraining the market. This is primarily because many countries, especially the smaller ones, are not technologically advanced and are not aware of the benefits of using digital pump controllers. Further, people in rural areas are mostly uneducated and lack the know-how of operating electronic equipment such as pump controllers via mobile, app, or remote solutions. Thus, lack of awareness is a key challenge faced by this market. Rising government support for wastewater treatment is anticipated to present significant opportunities for the digital pump controller market. Digital pump controllers have some beneficial features. The motor gets automatically switched on when water in the overhead tank falls below the lower limit. Similarly, it gets switched off when the tank is full. Thus, it reduces the amount of waste water.
The global digital pump controller market is expected to be driven by significant growth in Asia Pacific. The region is estimated to garner a significant market share during the forecast period, with China, India, and Japan contributing most to the region’s revenue. The digital pump controller market in Asia Pacific is mainly driven by rising adoption of advanced technologies and solar water pumps. This is because of increasing government regulations and energy crisis concerns,motivating digital pump controller manufacturers to develop energy efficient products. Digital pump controllers have huge potential in emerging markets of Asia Pacific due to increasing demand for energy conservation. Moreover, the economies are focusing on increasing precision agriculture which is expected tohelp manufacturers to design pump controllersthat consume less energy and are easy to operate. In March 2018, Kirloskar Brothers Limited, an India based company, introduced a new standard in openwell submersible pumps for domestic use and farmers. Thus, pump controllers with additional features is required to control these types of submersible pumps. This is expected to drive the market in the region. The market in Asia Pacific is estimated to expand at a rapid CAGR of 9.2% from 2018 to 2026. In this region, demand for digital pump controllers is primarily driven by agriculture and water and wastewater treatment segments. The digital pump controller market in Europe is mainly driven by the increasing requirement to reduce the energy consumption of pump controllers. Growing popularity of connected devices such as smartphones and SCADA systems is estimated to drive the segment in the digital pump controller market. In Europe, increased digitization, use of mobile devices for e-mail access, and online browsing are some of the key factors expected to fuel the growth of the digital pump controller market. Digital pump controllers are being implemented to automatically manage and monitor the water level, especially in irrigation, agriculture, and oil & gas industries via mobile phone, remote, SMS, and radio.
Major players operating in the digital pump controller market include C&S Electric Limited, Dwyer Instruments, Inc., Sulzer Ltd., Kirloskar Brothers Limited, Precision Digital Corporation, Grundfos, Spring (Europe) Ltd., Valmont Industries, Inc.(Vally), Xylem Inc., and Remote Control Technology.
Digital Pump Controller Market - Overvie
The report ‘Digital Pump Controller Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,’ provides analysis of the digital pump controller market for the period 2016 to 2026, wherein 2018 to 2026 is the forecast period, 2017 is considered as the base year, and the data for 2016 has been provided as historical information. The report covers all the trends and technologies that are likely to play a major role in the expansion of the digital pump controller market during the forecast period. It highlights the drivers, restraints, opportunities and trends expected to influence the expansion of the market during this period. The study provides a holistic perspective on the expansion of the market, in terms of revenue (in US$ Mn), across different geographical regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the market on a global scale. Furthermore, prominent countries/regions covered in the report include the U.S, Canada, Germany, France, the U.K, China, India, Japan, GCC countries, South Africa, and Brazil.
This report analyzes and forecasts the digital pump controller market at the global and regional level. It covers the region-wise impact of these drivers and restraints during the forecast period. The study also provides market share of major players in terms of revenue and percentage share for the global market.
Digital Pump Controller Market: Taxonomy
This research study on the digital pump controller market provides a detailed analysis based on different segmentation categories such as connectivity, distribution channel, industry, and region. Based on connectivity, the digital pump controller market has been classified into conventional pump controller and mobile/remote pump controller. Based on distribution channel, the market has been classified into online and retail. The retail segment has been further split into company-owned and third party. In terms of industry, the digital pump controller market has been divided into manufacturing, public sector, agriculture, and residential. The manufacturing segment has been further sub-segmented into food and beverage, pharmaceutical, oil & gas, textile and paper, chemicals, biotechnology, and construction. The public sector segment has been further split into water and wastewater treatment, and pumping stations.
Digital Pump Controller Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, market reports, Factiva, etc..
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information about the market size, market trends, growth trends, competitive landscape, outlook, etc. These help us validate and strengthen secondary research findings. They also help develop the analysis team’s market expertise and understanding.
Digital Pump Controller Market: Competitive Dynamics
The report highlights well-established players operating in the market, including C&S Electric Limited, Dwyer Instruments, Inc., Sulzer Ltd., Kirloskar Brothers Limited, Precision Digital Corporation, Grundfos, Spring (Europe) Ltd., Valmont Industries, Inc. (Vally), Xylem Inc., and Remote Control Technology. These key players are looking to increase their market share by expanding their current digital pump controller market offerings in emerging economies.
Digital Pump Controller Market Segmentation
- Conventional Pump Controller
- Mobile/Remote Pump Controller
By Distribution Channel
- Third Party
By Industry Vertical
- Food & Beverage
- Oil & Gas
- Textile & Paper
- Public Sector
- Water & Wastewater Treatment
- Pumping Stations
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America