About Pumps, Motors and Control Devices
Pumps, motors, and control devices are integral components in various industrial and residential systems that manage fluid movement. Pumps are mechanical devices designed to move fluids (liquids or gases) by converting mechanical energy into hydraulic energy. They operate through mechanisms like suction, pressure, or both, to facilitate the transfer of fluids from one location to another. Motors, on the other hand, are electromechanical devices that convert electrical energy into mechanical energy, which is then used to drive the pump. These motors can be either single-speed or variable-speed, with the latter offering more precise control over the pump's operation. Control devices play a crucial role in regulating the performance of pumps and motors. These include pressure switches, flow switches, and variable frequency drives (VFDs).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Pumps, Motors and Control Devices market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Pumps, Motors and Control Devices Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Pumps, Motors and Control Devices market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Grundfos (Denmark), Flowserve Corporation (United States), Xylem Inc. (United States), Control Devices, LLC (United States), Delta Electronics (Thailand), KSB SE & Co. KGaA (Germany), Ebara Corporation (Japan), Danfoss A/S (Denmark), ITT Inc. (United States) and Dover Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Schlumberger Ltd. (United States), Weir Group PLC (Scotland), SPX Flow Inc. (United States), WILO SE (Germany), Alfa Laval AB (Sweden), Baker Hughes Company (United States) and Sulzer Ltd. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Pumps, Motors and Control Devices market by Type (Pumps {Centrifugal Pumps, Submersible Pumps, Hydraulic Pumps, Positive Displacement Pumps (Reciprocating Pumps, Rotary Pumps, Fuel Injection Pumps, Others), Others}, Motors (AC Motors, DC Motors, Special Purpose Motors), Control Devices (Variable Frequency Drives (VFD) Controller, Variable Speed Drive (VSD) and Controller, Programmable Logic Controller (PLCs), Constant Pressure Controller, PID Controller, Others)) and Region.
On the basis of geography, the market of Pumps, Motors and Control Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Agriculture will boost the Pumps, Motors and Control Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Pumps, Motors and Control Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drive, the sub-segment i.e. Electric will boost the Pumps, Motors and Control Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for energy-efficient pumps, motors, and control devices
Market Growth Drivers:
Growing urbanization and infrastructure development projects and The increasing adoption of industrial automation across various sectors
Challenges:
High Initial Investment
Restraints:
Stringent environmental regulations related to reduce carbon emissions
Opportunities:
Technological advancements in smart, IoT-enabled pumps, motors, and control systems and Integration with renewable energy sector
Market Leaders and their expansionary development strategies
In January 2024, Control Devices, LLC, has announced that it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector.
In March 2023, Delta Electronics joined its local partner DAC Industrial Electronics, Inc. to launch the Delta Motor Mounted Pump Drive MPD Series, for smart and energy-saving water supply, in the Philippines market. The Delta Motor Mounted Pump Drive (MPD) offers energy efficiency, multi-pump control and smart operation for residential and industrial water supply operations.
Key Target Audience
Manufacturer, Research & Development Center, New Entrants, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.