Intelligent Pumps Market
Intelligent Pumps Market (Component - Pump Motor, Variable Speed Drive (High Quality Variable Speed Drive And Low Quality Variable Speed Drive), And Control System; Application - Buildings (Commercial Buildings (Heating And Ventilation, District Heating, And Pressure Boosting) And Domestic Buildings (Pressure Boosting And Waste Water)), Industry (Temperature Control, Pressure Boosting, Water Supply, Wastewater, And Water Treatment), Water Utility (Water Supply (Water Intake, Water Distribution, And Treatment Plants) And Waste Water (Transport/Networks And Treatment Plants)) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 - 2025
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Global Intelligent Pumps Market: Snapshot
Intelligent pumps provide operational efficiency by automating regulation and control of the flow or pressure of water or other fluids. They also offer real-time operating data on the pumping equipment. As a result, they eliminate the need for maintenance staff to repair and monitor the equipment. Such advantages have steadily driven the sales of intelligent pumps despite the high cost of installing them. Besides, constant thrust on product development by key players in order to steal a march over their competitors is also boosting the market.
Currently, the global intelligent pump market is fragmented in nature due to the presence of a large number of regional and international players of various sizes. The players are seen banking upon strategic collaborations and also building proper distribution channels to drive sales and bolster their positions.
A study by Transparency Market Research forecasts the global intelligent pumps market to attain a value of US$748.5 mn by 2025 from US$424.4 mn in 2016 by clocking a CAGR of 6.4% from 2017 to 2025.
Variable Speed Drives Dominate Market due to their Crucial Role in Automating Fluid Flow
Depending upon the type of component, the global intelligent pumps market can be segmented into pump motor, variable speed drive, control system, etc. Of them, the segment of variable speed drive accounted for about 40.0% share in the market in 2016. This is because variable-frequency drive or variable-speed drive, which regulates the speed and rotational force (or torque output) of an electric motor, helps to automate the process of the fluid travelling inside a pipeline. The variable speed drive can be further divided into high quality variable speed drive and low quality variable speed drive.
Based on application, the global intelligent pumps market can be divided into buildings, industry, water utility, etc. Of them, the industrial segment led the market with maximum share – about 70.0% in 2016. It was trailed by water-utility segment, which is further divided into water supply, waste water, and others.
Cheap Intelligent Pumps Manufactured in China Propels Asia Pacific Market
From a geographical standpoint, Europe is the dominant region in the global intelligent pumps market. In 2016, its dominant share came to about 35.0%. By rising at a CAGR of 5.8% in the forecast period, the region is expected to grow its leading share owing to the strong demand for clean drinking water which in turn require intelligent pumps. The TMR report predicts the region to pull in a revenue to the tune of US$253.5 by 2025-end.
In terms of growth rate, Asia Pacific is expected to surpass all other regions by clocking a CAGR of 7.3% between 2017 and 2025. China is said to be primarily powering growth in the region. This is because the country is one of the major exporters of cheap pumps to the Middle East and Africa, which does not have domestic manufacturing bases for pumps. Apart from China, India is another key market in the region. Government investments in industrialization and urbanization is expected to boost the intelligent pumps market in the region. Besides, thrust on overhauling antiquated agricultural methods is also serving to catalyze growth in the market in India.
Because of the high cost of manufacturing intelligent pumps in Europe and America, their markets are losing share to Asia Pacific. Helping to overcome that challenge, to a degree, is the constant investments in product development.
Some of the key participants in the global intelligent pumps market are Grundfos Holding A/S, Goulds Pumps, QuantumFlo, Inc., Kirloskar Brothers Limited, and Alfa Laval.
Energy-efficient and Cost-saving Features to Propel Intelligent Pumps Market
An intelligent pump is a pump that has the capacity to direct control stream or pressing factor. These pumps offer a few benefits like energy investment funds, lifetime enhancements and framework cost decreases. Intelligent pumps include remote control and checking abilities that guide end-clients to get to continuous operational information. Expanding improvement of keen urban communities and severe energy-effectiveness principles is required to drive the water and wastewater portion. This factor is relied upon to set out another freedom for the intelligent pump market during the gauge time frame. In the water and wastewater treatment area, these pumps are utilized for allotment drinking water, switch assimilation cycle, and machine apparatus grease. Exacting administrative standards concerning energy effectiveness additionally start the appropriation of intelligent pumps in the wastewater and water fragment.
The operational efficiency of intelligent pumps is a key factor augmenting the growth of the market for intelligent pumps. Via mechanizing capacities and the control of the pressing factor of the stream or water or different liquids, these pumps diminish the requirement for manual tasks. They likewise give continuous useful information of the pumping gadget, which help with recognizing issues and fix it on schedule to forestall hardware disappointment. The market is additionally acquiring impressively from consistent endeavors by makers to create progressed items, in a bid to accomplish a cutthroat edge over different players.
Solutions for intelligent pumping offers observing controls and digitization, which give more proficiency and energy-saving through, with the commencement of variable recurrence speed drives. The developing requirement for right observing and control of the pumps resulted in the presentation of the intelligent pumps in a wide scope of end-use enterprises.
Via computerizing capacities and the control of the pressing factor of the stream or water or different liquids, these pumps diminish the requirement for manual activities. They additionally give continuous practical information of the pumping gadget, which help with distinguishing deficiencies and fix it on schedule to forestall gear disappointment. The market is additionally acquiring impressively from consistent endeavors by makers to create progressed items, in a bid to accomplish a serious edge over different players.
Intelligent pumping arrangements offers observing controls and digitization, which give more productivity and energy-saving through, with the inception of variable recurrence speed drives. The developing requirement for right observing and control of the pumps resulted in the presentation of the intelligent pumps in a wide scope of end-use businesses.
Global Intelligent Pumps Market: Overview
This report analyzes and forecasts the market for intelligent pumps at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025. The study includes drivers and restraints of the global intelligent pumps market. It also covers the impact of these drivers and restraints on demand for intelligent pumps during the forecast period. The report also highlights opportunities in the intelligent pumps market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global intelligent pumps market. Porter’s Five Forces model for the intelligent pumps market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides the estimated market size of intelligent pumps for 2016 and forecast for the next nine years. The global market size of intelligent pumps has been provided in terms of volume and revenue. Market numbers have been estimated based on key type, component, application, and regional segments of intelligent pumps market. Market size and forecast for each major types, component, and application have been provided in terms of global and regional/country markets.
Global Intelligent Pumps Market: Drivers
The market for intelligent pumps is primarily driven by its operation efficiency, cost-effective operation, automation and digitalization, growing infrastructural activities, water utility, waste water treatment, water distribution/transport networks, integration of several systems and components to form a complete intelligent pumping solution for various applications, etc.
Global Intelligent Pumps Market: Segmentation
The study provides a decisive view of the global intelligent pumps market by segmenting it in terms of component, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for intelligent pumps in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
Global Intelligent Pumps Market: Competitive Analysis
The study includes profiles of major companies operating in the global intelligent pumps market. Key players in the intelligent pumps market include Grundfos Holding A/S, Goulds Pumps, QuantumFlo, Inc., Kirloskar Brothers Limited, Alfa Laval, and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
Global Intelligent Pumps Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, UN Comtrade, U.S. Department of Energy (DOE), 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 firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The intelligent pumps market has been segmented as follows: