About Digital Pump Controller
A digital pump controller involves automatically switching of pumps based on signal received from installed electrical sensors. Such pumps can be operated from remote locations as well which makes it a desirable properties to be used for agricultural applications. Various companies are coming up with new technology enabled digital pump controller water solution which led to rise in installation of solar power digital pump controller.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Digital Pump Controller 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.
Invacare (United States), Sunrise Medical (United States), Ottobock (Germany), Investor AB (Sweden), Medical Depot (United States), Grundfos (Denmark), Pride Mobility Products (United States), GF Health Products (United States), Merits (United States) and MEYRA Group (Poland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are C&S Electric Ltd (India), Dwyer Instruments Inc (United States), Sulzer (Switzerland), Kirloskar Brothers (India), Precision Digital Corporation (United States) and Valmont Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Pump Controller market by Type (Conventional Pump Controller and Mobile/Remote Pump Controller) and Region.
On the basis of geography, the market of Digital Pump Controller 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 Industry Verticals, the sub-segment i.e. Manufacturing (Food & Beverage, Pharmaceutical, Oil & Gas, Textile & Paper,Chemicals, Biotechnology and Construction) will boost the Digital Pump Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Digital Pump Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Conventional Pump Controller will boost the Digital Pump Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Solar Powered Pump Especially in Agricultural Activities
Market Growth Drivers:
Improves Efficiency and Visibility Across Applications and Ability to Implement Intricate Control Techniques
Challenges:
Chances of Losses of Signal Information and Software Errors
Restraints:
Need for Trained Individuals to Operate the Digital Pump Controller and Lack of Awareness Leading to Low Demand
Opportunities:
Emergence of Next Generation Industry 4.0 and Increasing Government Support to Install Digital Pump Controller Owing to Growing Need to Conserve Water
Market Leaders and their expansionary development strategies
In February 2024, ChampionX Corporation announced the acquisition of Artificial Lift Performance Limited (“ALP”), a provider of advanced analytics solutions for enhancing oil and gas production performance.The acquisition of Artificial Lift Performance is key to our strategic focus on digital growth and our vision to deliver end-to-end digital solutions that enhance the productivity and profitability of our customers’ producing assets
In October 2021, Grundfos has introduced its LC232 Controller, a new groundwater pump controller which will help to advance smart agriculture in four markets in the Asia Pacific region – Indonesia, Thailand, Australia, and New Zealand.The LC232 Controller utilises smart technology to bring ease of use, monitoring capabilities, and greater connectivity for growers and cattle producers.
Key Target Audience
Digital Pump Controller Manufacturers, System Integrators, Components Suppliers/Distributors, Potential Investors, Government Agencies, Research Institutes, Market and Research Firms 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.