Intelligent Pump Market Overviews

The Intelligent Pump Market is set to experience a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. As of 2023, the market was valued at USD 1.26 billion, with expectations to expand to USD 2.10 billion by the end of the forecast period. This growth is propelled by advances in digital technologies, transforming traditional pumps into intelligent systems capable of remote monitoring, predictive asset management, and energy efficiency.

Intelligent pumps combine traditional pumping mechanisms with variable frequency drives and digital control capabilities, unlocking new functionalities in remote system control and data-driven performance. By embedding sensors that track pump status in real-time, these pumps enable better energy management and performance optimization.

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Market Dynamics: Boosted by Automation and Energy Efficiency

The increasing integration of the Internet of Things (IoT) in industrial operations is a key growth driver for the intelligent pump market. IoT technology enables pumps to transmit data, allowing for remote diagnostics and improved system integration, essential in industries such as water and wastewater treatment, oil & gas, and power generation.

Additionally, energy efficiency remains a critical market motivator. With the growing demand for cost-effective and eco-friendly solutions, intelligent pumps offer numerous benefits, including lower operational costs, extended lifespan, and reduced maintenance needs.

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 Key Developments in the Market: Latest News and Trends

In Vietnam, the rise of smart cities and water management projects is driving the adoption of intelligent pumps, creating substantial opportunities for growth. The country’s push towards eco-friendly infrastructure is also contributing to market demand.

Regional Market Insights:

With 34% of the market in 2023, the European area held the highest share. As the European pump industry develops, emerging technologies like intelligent pump systems are probably going to be the main engine of future expansion. The region is expected to increase its market share as a result of the strong demand for clean drinking water, which calls for sophisticated pumps. Furthermore, a variety of end-user sectors, including building automation, food and beverage processing, and water and wastewater treatment, are seeing an increase in need for these pumps, which is raising local product demand.

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Intelligent Pump Market Classifications

by Type

Centrifugal
Positive Displacement

The market for intelligent pumps is divided into two segments based on type: centrifugal and positive displacement. With a 71% market share in 2023, the centrifugal sector was the largest. The reason for the segment's rise is because centrifugal pumps require a lot of control systems while operating in high-viscosity and variable-pressure conditions.

Centrifugal pumps are used mostly in technological applications. They are the most common type of pump used in a wide range of industries, including petroleum, energy generation, municipal (water and wastewater treatment plants), agriculture, and industrial. This is because to features like sturdy construction, straightforward design, affordable production costs, user-friendly operation, and excellent adaptability.

by Component

Pumps
Variable Drives
Control Systems

by End-User

Building Automation
Water & Wastewater
Oil & Gas
Chemicals
Power Generation
Others

The following companies are included in the market for Intelligent Pump :

1. Xylem, Inc.
2. ITT Corporation
3. Grundfos Holding A/S
4. Sulzer Ltd.
5. Flowserve Corporation
6. QuantumFlo, Inc.
7. CIRCOR International, Inc.
8. Rockwell Automation
9. Emerson Electric Co.
10. Kirloskar Brothers Ltd.
11. Yaskawa Electric Corp
12. Goulds Pumps
13. Alfa Laval.
14. Bosch Rexroth
15. Grunwl
16. Yaskawa Electric

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Key questions answered in the Intelligent Pump Market are:

• What is Intelligent Pump?
• What is the growth rate of the Intelligent Pump Market?
• Which are the factors expected to drive the Intelligent Pump market growth?
• What are the different segments of the Intelligent Pump Market?
• What growth strategies are the players considering to increase their presence in Intelligent Pump?
• What are the upcoming industry applications and trends for the Intelligent Pump Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Intelligent Pump Market?
• Who are the leading companies and what are their portfolios in Intelligent Pump Market?
• What segments are covered in the Intelligent Pump Market?
• Who are the key players in the Intelligent Pump market?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis

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