The newly Intelligent Pump market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
An intelligent pump is a pump that has the ability to regulate and control flow or pressure. Typical advantages are energy savings, lifetime improvements and system cost reductions. Intelligent pumps include wireless control and monitoring capabilities that enable end-users to access real-time operational data. This helps in reducing the downtime of processes and improves the end user’s predictive maintenance plans.
On the basis of products, the various types include Centrifugal Pump and Positive Displacement Pump. The Centrifugal Pump segment is expected to dominate the market during the forecast period. On the basis of application, the Intelligent Pump is segmented into Building Automation, Water & Wastewater, Oil & Gas, Chemicals, Power, Generation, and Others. The Building Automation segment is expected to account for the largest market share over the forecast.
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Market Insights
According to a new research study, the Intelligent Pump market size is expected to reach USD XXXX million by 2026 from USD XXXX million in 2019, with a compound annual growth rate of XXXX% during the forecast period. The growth can be mainly attributed to the focus on the water & wastewater treatment sector.
The Intelligent Pump market is expected to witness significant growth due to government economic stimulus packages and tax credits for infrastructure projects, including water & wastewater and energy efficiency projects. Moreover, the growing demand for digital oil fields is also projected to propel the growth of the Intelligent Pump market. However, intelligent pumping solutions have higher acquisition costs versus standard pumping equipment can pose a challenge to market growth.
Regional Segments Analysis
The report focuses on detailed analysis of some major regions, such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Europe held the largest market share in 2018 and is anticipated to maintain this position during the forecast period. This can be attributed to an increase in the number of manufacturing and development activities in countries such as Germany, France, and Italy. It is expected that Asia-Pacific will witness growth due to the development of the smart cities in India along with the increasing capacities of power generation. Growing demand for energy security and energy efficiency measures and rapid advances in technology are expected to fuel market growth in the Middle East and Africa region.
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Competitive Players
The Intelligent Pump market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Emerson, Flowserve, Grundfos, Sulzer, Bosch Rexroth, and Regal Beloit. Other prominent vendors in the market are Grunwl, ABB, Yaskawa Electric, ifm, Xylem, ITT, Colfax, Kirloskar Brothers, KSB, and others.
Target Audience for this Report
• Intelligent Pump manufacturers
• Intelligent Pump importers and exporters
• Intelligent Pump traders, distributors, and suppliers
• Raw material suppliers of Intelligent Pump
• Intelligent Pump industry associations
• Product managers, Intelligent Pump industry administrator, C-level executives of the industries
• Market Research and consulting firms
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Key questions answered in the report
• What will the market size and growth rate be in 2026?
• What segment or region will drive or lead market growth and what are the reasons?
• How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
• What key strategies are used by top vendors to increase revenue?
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