Rising Demand for Energy-efficient Solutions to Drive Intelligent Pumps Market

Intelligent Pumps Market Analysis:

Intelligent Pumps Market growth USD 856.5 million rate is estimated as 7.50% CAGR for the forecast period 2022-2030.

The intelligent pumps market refers to a segment of the industrial pumps market that includes pumps equipped with advanced sensors, controllers, and communication technologies that enable real-time monitoring, control, and optimization of pump operations. These pumps use various technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), to improve their efficiency, reliability, and performance.

The global intelligent pumps market is expected to experience steady growth in the coming years, driven by the increasing demand for energy-efficient solutions in various industries, including water and wastewater treatment, oil and gas, and chemical processing. Intelligent pumps can reduce energy consumption and operating costs by automatically adjusting their speed, flow rate, and other parameters based on the demand.

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The additional factors adding market growth include the growth in industrial internet of things, improving pump station efficiency and remote monitoring, demand for minimization of manual operations and automated regulations to control and regulate the flow of fluid, increased hydraulic fracturing, and increasing power generation.

On the contrary, the impact of the COVID-19 pandemic and the high initial cost may limit the global intelligent pumps market growth over the forecast period.

Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global intelligent pumps market based on end user, component, and type.

By type, the global intelligent pumps market is segmented into positive displacement pump and centrifugal pump. Of these, the centrifugal pump segment will lead the market over the forecast period for high reliability and lesser cost than positive displacement pumps.
By component, the global intelligent pumps market is segmented into pumps, variable drives, and control system.
By end user, the global intelligent pumps market is segmented into chemical, power generation, oil and gas, water and wastewater, building automation, and others. Of these, the building automation segment will spearhead the market over the forecast period.

Regional Analysis

By region, the global intelligent pumps market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW).

Europe will dominate the intelligent pumps market over the forecast period. Growing need for intelligent pump systems, growing adoption of such smart pumps in various end user segments like food and beverages, building automation, and water and wastewater treatment, and increase in the manufacturing and development activities in emerging countries like Italy, France, and Germany are adding to the global intelligent pumps market growth in the region.
In the APAC region, the global intelligent pumps market is predicted to have healthy growth over the forecast period. Booming construction industry, development of smart cities, and increasing capacities of power generation are adding to the global intelligent pumps market growth in the region.
In North America, the global intelligent pumps market is predicted to have promising growth over the forecast period. Increasing focus on wastewater and water treatment sector, increasing growth of the automation sector, and the demand for smart intelligent pumps over old conventional pumps for processing medical products in plant are adding to the global intelligent pumps market growth in the region.
In RoW, the global intelligent pumps market is predicted to have stable growth over the forecast period.

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Key Players