Global Intelligent Pump Market Overview:
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. Some of the key players profiled in the study are 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).
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.
- Rising Industry Concern towards Energy Efficiency
- Growth in IIoT & Economic Benefits of Intelligent Systems
- High Adoption of This Product in Oil & Gas Industry
- Huge Capital Cost Required For the Intelligent Pump
- High Growth in HVAC Systems
- Strong Developments in Digital Oilfields
- Rising Number of Project Related With Smart Cities across the Globe
- The slowdown in the Mining Industry
Major Market Developments:
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 patientís clinical team.
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.
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
Major Objectives Focused through this Study
To define, describe, and forecast the Global Intelligent Pump market on the basis of product [Centrifugal Pump, Positive Displacement Pump and Industry Segmentation] , application [Boilers and Systems, Temperature Control, Water Treatment, Industrial Water Supply and Wash & Clean], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Intelligent Pump market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Intelligent Pump industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Colfax (United States), Xylem (United States) and Grunwl (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Intelligent Pump market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.