About Intelligent Pump
The intelligent pump is designed for providing variable frequency pumping control of speed, pressure, flow and level across the wide range of hydronic system applications. It is rapidly installing in commercial buildings for high-performance pumping systems. These products helps in increased efficiency and reliability of municipal pumping stations and also support all aspects of the life cycle costs. These pumps are considered as an energy-saving pump which is the major parameters on which it is adopting at higher rate across various industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are operating in this market are focusing on new regions by adopting mergers & acquisitions, expansions, investments, new solution launches and partnerships as their marketing strategies. These leading players are focusing on new areas such as expansions and acquisitions across the globe to avail a competitive advantage through combined initiatives. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Intelligent Pump 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.
Emerson (United States), Flowserve (United States), Grundfos (Denmark), Sulzer (Switzerland), Bosch Rexroth (Germany), KSB (Germany), ABB (Switzerland), Yaskawa Electric (Japan), Kirloskar Brothers (India) and ITT 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 Colfax (United States), Xylem (United States) and Grunwl (China).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Pump market by Type (Centrifugal Pump, Positive Displacement Pump and Industry Segmentation), Application (Boilers and Systems, Temperature Control, Water Treatment, Industrial Water Supply and Wash & Clean) and Region.
On the basis of geography, the market of Intelligent Pump 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 Components, the sub-segment i.e. Control System will boost the Intelligent Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Building Automation will boost the Intelligent Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of This Product in Oil & Gas Industry
Market Growth Drivers:
Rising Industry Concern towards Energy Efficiency and Growth in IIoT & Economic Benefits of Intelligent Systems
Challenges:
The slowdown in the Mining Industry
Restraints:
Huge Capital Cost Required For the Intelligent Pump
Opportunities:
High Growth in HVAC Systems, Strong Developments in Digital Oilfields and Rising Number of Project Related With Smart Cities across the Globe
Market Leaders and their expansionary development strategies
In March 2023, KSB Limited, one of the world’s leading suppliers of pumps, valves, and systems, has acquired of technology from Bharat Pumps and Compressors Ltd. Naini, Prayagraj. With this acquisition, KSB Limited becomes the sole and exclusive owner and shall have rights to the Technology of the products manufactured by BP&CL.
In Aug 2019, Baxter revealed the launch of a PrisMax System and integrated TherMax blood warmer. This system is designed to optimize treatment accuracy and system performance. This system is using an intelligent pump which helps to ensure the fluid removal targets which are prescribed by the patient’s clinical team.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Intelligent Pumps Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.