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Global Smart & Intelligent Pumps Market: Focus on Pump Type (Centrifugal Pump and Positive Displacement Pump) and Application - Analysis & Forecast, 2018-2023

  • ID: 4669234
  • Report
  • Region: Global
  • 194 Pages
  • BIS Research
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Global Smart & Intelligent Pumps Market is Anticipated to Reach $2,741.8 Million by 2023

FEATURED COMPANIES

  • Colfax Corporation
  • Grundfos Holding A/S
  • ITT, Inc.
  • KSB Group
  • Regal Beloit Corporation
  • Sulzer Ltd
  • MORE

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. Monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions, with the advent of variable frequency speed drives.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Centrifugal and positive displacement pumps are some of the smart & intelligent pumps widely used across various end-user applications. The global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. Pumps in the oil & gas industry are used for chemical transfers, injection tasks, and stream stripping, among others. The need for intelligent pumping systems in the oil & gas industry arises due to strict regulations regarding environmental regulations for energy consumption and pollution. The oil & gas industry is the largest consumer of intelligent pumping systems.

The global smart & intelligent pumps market is expected to grow at a CAGR of 6.68% 2018 and 2023 in terms of value.

The report is a compilation of the different segments of the global smart & intelligent pumps market, including market breakdown by pump type, application, and geographical areas. Herein the revenue generated from the pump type (centrifugal pump and positive displacement pump), application (oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry),and geographies (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) are tracked to calculate the overall market size in terms of value ($million). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global smart & intelligent pumps market. The report also includes sections on the key participants involved in the industry.

Key questions answered in the report:

  • What was the size in terms of value ($million) of the smart & intelligent pumps market in 2017, and what will be the growth rate during the forecast period 2018-2023?
  • What will be the market size of different types of pumps (by value) and their growth rate during the forecast period 2018-2023?
  • What will be the market size of different applications of smart & intelligent pumps market (by value) and their growth rate during the forecast period 2018-2023?
  • What will be the market size for different regions and countries in terms of value in the smart & intelligent pumps market and their growth rate in the forecast period 2018-2023?
  • What are the major driving forces that tend to increase the demand for smart & intelligent pumps in various end-user industries during the forecast period?
  • What are the major challenges inhibiting the growth of the global smart & intelligent pumps market?
  • What are the competitive strengths of key players in the global smart & intelligent pumps based on the market share analysis?
  • Who are the key players (along with their detailed analysis and profiles including their financials, company snapshots, key products & services, and SWOT analysis) in the market?

The report further includes a thorough analysis of the impact of the Porter’s Five Forces to understand the overall attractiveness of the industry. The most commonly-used strategy for developing a better hold on the market has been partnerships, collaborations, and joint ventures. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual restraining and driving forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the global smart & intelligent pumps market and draws upon insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 16 companies with their financial analysis, SWOT, and product portfolio.

The company profiles in the report include KSB Group, Colfax Corporation, Pentair plc, Spirax-Sparco Engineering plc, Grundfos Holding A/S, Kirloskar Group, Yaskawa Electric Corporation, SEEPEX GmbH, GRUNWL, Sulzer Ltd., Xylem, Inc., ITT, Inc., Flowserve Corporation, Wilo SE, and Regal Beloit Corporation.



Enterprisewide customers will receive an Excel spreadsheet containing additional data in the report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Colfax Corporation
  • Grundfos Holding A/S
  • ITT, Inc.
  • KSB Group
  • Regal Beloit Corporation
  • Sulzer Ltd
  • MORE

Executive Summary

1 Market Dynamics
1.1 Overview
1.2 Market Drivers
1.2.1 Stringent Government Regulations on Environment and Energy Issues
1.2.2 Demand from End Users for Efficient Pumping Systems
1.2.3 Operational Flexibility
1.3 Market Restraints
1.3.1 High Capital Investment Restraining the Market Growth
1.3.2 Reluctance by small manufacturers to incorporate intelligent pumping solutions
1.4 Market Opportunities
1.4.1 Increasing the Adoption of Smart & Intelligent Pumps to Capitalize on the Large Addressable Market
1.4.2 Upcoming Digitization across Cities and Industries
1.5 Market Dynamics: Impact Analysis

2 Competitive Insights
2.1 Key Developments and Strategies
2.1.1 Overview
2.1.2 Share of Key Business Strategies
2.1.3 Product Launch and Development
2.1.4 Mergers & Acquisitions
2.1.5 Business Expansion
2.1.6 Partnerships, Collaborations, and Joint Ventures
2.1.7 Others (Awards, Certifications, and Recognition)
2.2 Market Share Analysis
2.2.1 Overview
2.3 R&D Analysis of Leading Players, 2015-2017
2.4 Supply Chain Analysis
2.5 Opportunity Matrix Analysis

3 Industry Analysis
3.1 Smart & Intelligent Pumps vs. Conventional Pumps
3.1.1 Technical Difference
3.1.2 Cost Difference
3.1.3 Price Contribution of Controllers
3.1.4 Potential Entrants in the Smart & Intelligent Pumps Market
3.2 Industry Attractiveness
3.2.1 Threat of New Entrants
3.2.2 Bargaining Power of Buyer
3.2.3 Bargaining Power of Suppliers
3.2.4 Threat from Substitutes
3.2.5 Intensity of Competitive Rivalry

4 Global Smart & Intelligent Pumps Market, (by Pump Type), $Million, 2017-2023
4.1 Assumptions and Limitations for Analysis and Forecast of the Global Smart & Intelligent Pumps Market
4.2 Market Overview
4.3 Centrifugal Pumps
4.4 Positive Displacement Pumps

5 Global Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
5.1 Market Overview
5.2 Oil & Gas Industry
5.2.1 Upstream
5.2.2 Midstream
5.2.3 Downstream
5.3 Water & Wastewater Industry
5.3.1 Transport Applications
5.3.2 Processing Applications
5.4 Power Industry
5.5 Chemicals Industry
5.6 General Industry

6 Global Smart & Intelligent Pumps Market (by Region), $Million, 2017-2023
6.1 Market Overview
6.2 Asia-Pacific
6.2.1 Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type)
6.2.2 Asia-Pacific Smart & Intelligent Pumps Market (by Application)
6.2.3 Asia-Pacific Smart & Intelligent Pumps Market (by Country)
6.3 Europe
6.3.1 Europe Smart & Intelligent Pumps Market (by Pump Type)
6.3.2 Europe Smart & Intelligent Pumps Market (by Application)
6.3.3 Europe Smart & Intelligent Pumps Market (by Country)
6.4 North America
6.4.1 North America Smart & Intelligent Pumps Market (by Pump Type)
6.4.2 North America Smart & Intelligent Pumps Market (by Application)
6.4.3 North America Smart & Intelligent Pumps Market (by Country)
6.5 Middle East & Africa (MEA)
6.5.1 MEA Smart & Intelligent Pumps Market (by Pump Type)
6.5.2 MEA Smart & Intelligent Pumps Market (by Application)
6.5.3 MEA Smart & Intelligent Pumps Market (by Country)
6.6 South America
6.6.1 South America Smart & Intelligent Pumps Market (by Pump Type)
6.6.2 South America Smart & Intelligent Pumps Market (by Application)
6.6.3 South America Smart & Intelligent Pumps Market (by Country)

7 Company Profiles
7.1 Overview
7.2 Colfax Corporation
7.2.1 Company Overview
7.2.2 Product Portfolio
7.2.3 Financials
7.2.4 Financial Summary
7.2.5 SWOT Analysis
7.3 Flowserve Corporation
7.3.1 Company Overview
7.3.2 Product Portfolio
7.3.3 Financials
7.3.4 Financial Summary
7.3.5 SWOT Analysis
7.4 Grundfos Holding A/S
7.4.1 Company Overview
7.4.2 Product Portfolio
7.4.3 Financials
7.4.4 Financial Summary
7.4.5 SWOT Analysis
7.5 GRUNWL
7.5.1 Company Overview
7.5.2 Corporate Summary
7.5.3 Product Portfolio
7.5.4 SWOT Analysis
7.6 ITT, Inc.
7.6.1 Company Overview
7.6.2 Product Portfolio
7.6.3 Financials
7.6.4 Financial Summary
7.6.5 SWOT Analysis
7.7 Kirloskar Group
7.7.1 Company Overview
7.7.2 Product Portfolio
7.7.3 Financials
7.7.4 Financial Summary
7.7.5 SWOT Analysis
7.8 KSB Group
7.8.1 Company Overview
7.8.2 Product Portfolio
7.8.3 Financials
7.8.4 Financial Summary
7.8.5 SWOT Analysis
7.9 Pentair plc
7.9.1 Company Overview
7.9.2 Product Portfolio
7.9.3 Financials
7.9.4 Financial Summary
7.9.5 SWOT Analysis
7.10   Regal Beloit Corporation
7.10.1 Company Overview
7.10.2 Product Portfolio
7.10.3 Financials
7.10.4 Financial Summary
7.10.5 SWOT Analysis
7.11   SEEPEX GmbH
7.11.1 Company Overview
7.11.2 Corporate Summary
7.11.3 Product Portfolio
7.11.4 SWOT Analysis
7.12   Spirax-Sarco Engineering plc
7.12.1 Company Overview
7.12.2 Product Portfolio
7.12.3 Financials
7.12.4 Financial Summary
7.12.5 SWOT Analysis
7.13   Sulzer Ltd
7.13.1 Company Overview
7.13.2 Product Portfolio
7.13.3 Financials
7.13.4 Financial Summary
7.13.5 SWOT Analysis
7.14   Wilo SE
7.14.1 Company Overview
7.14.2 Product Portfolio
7.14.3 Financials
7.14.4 Financial Summary
7.14.5 SWOT Analysis
7.15   Xylem, Inc.
7.15.1 Company Overview
7.15.2 Product Portfolio
7.15.3 Financials
7.15.4 Financial Summary
7.15.5 SWOT Analysis
7.16   Yaskawa Electric Corporation
7.16.1 Company Overview
7.16.2 Product Portfolio
7.16.3 Financials
7.16.4 Financial Summary
7.16.5 SWOT Analysis

8 Report Scope and Methodology
8.1 Report Scope
8.2 Global Smart & Intelligent Pumps Market Research Methodology
8.2.1 Assumptions
8.2.2 Limitations
8.2.3 Primary Data Sources
8.2.4 Secondary Data Sources
8.2.5 Data Triangulation
8.2.6 Market Estimation and Forecast

List of Tables
1. Comparative Analysis of Standard and Smart & Intelligent Pumps
2. Global Smart & Intelligent Pumps Market Key Findings, 2017 & 2023
3. Market Dynamics: Impact Analysis
4. List of Potential Entrants in the Smart & Intelligent Pumps Market
5. Global Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
6. Intelligent Pumps- Comparison
7. Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
8. Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
9. Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
10. Asia-Pacific Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
11. Asia-Pacific Smart & Intelligent Pumps Market(by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
12. Asia-Pacific Smart & Intelligent Pumps Market(by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
13. Asia-Pacific Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
14. China Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
15. China Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
16. Japan Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
17. Japan Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
18. India Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
19. India Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
20. Australia & New Zealand Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
21. Australia & New Zealand Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
22. South Korea Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
23. South Korea Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
24. Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
25. Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
26. Europe Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
27. Global Smart & Intelligent Pumps Market
28. Europe Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
29. Europe Smart & Intelligent Pumps Market(by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
30. Europe Smart & Intelligent Pumps Market(by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
31. Europe Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
32. The U.K. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
33. The U.K. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
34. Germany Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
35. Germany Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
36. France Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
37. France Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
38. Italy Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
39. Italy Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
40. Russia Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
41. Russia Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
42. Rest-of-Europe Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
43. Rest-of-Europe Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
44. North America Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
45. North America Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
46. North America Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
47. North America Smart & Intelligent Pumps Market(by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
48. North America Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
49. The U.S. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
50. The U.S. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
51. Canada Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
52. Canada Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
53. Global Smart & Intelligent Pumps Market
54. Mexico Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
55. Mexico Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
56. MEA Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
57. MEA Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
58. MEA Smart & Intelligent Pumps Market(by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
59. MEA Smart & Intelligent Pumps Market(by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
60. MEA Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
61. The U.A.E. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
62. The U.A.E. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
63. Saudi Arabia Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
64. Saudi Arabia Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
65. South Africa Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
66. South Africa Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
67. Iran Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
68. Iran Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
69. Rest-of-MEA Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
70. Rest-of-MEA Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
71. South America Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
72. South America Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
73. South America Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
74. South America Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
75. South America Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
76. Brazil Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
77. Brazil Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
78. Colombia Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
79. Global Smart & Intelligent Pumps Market
80. Colombia Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
81. Argentina Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
82. Argentina Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
83. Rest-of-South-America Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
84. Rest-of-South-America Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023

List of Figures
1. Global Smart & Intelligent Pumps Market Snapshot, 2017-2023
2. Global Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
3. Global Smart & Intelligent Pumps Market (by Application), 2017 & 2023
4. Global Smart & Intelligent Pumps Market Attractiveness Analysis (by Region), 2017-2023
5. Global Smart & Intelligent Pumps Market Concentration, 2017
6. Market Dynamics
7. Strategies Adopted by the Key Players
8. Percentage Share of Strategies Adopted by the Market Players, January 2015-October 2018
9. Product Launches by the Key Market Players, January 2015-October 2018
10. Mergers & Acquisitions by the Key Market Players, January 2015-October 2018
11. Business Expansion by the Key Market Players, January 2015-October 2018
12. Partnerships, Collaborations, and Joint Ventures by the Key Market Players, January 2015-October 2018
13. Others (Awards, Certifications, and Recognition by the Key Market Players, January 2015-October 2018
14. Global Smart & Intelligent Pumps Market Share Analysis, 2017
15. R&D Analysis of Leading Players, 2015-2017
16. Global Smart & Intelligent Pumps Market Supply Chain Analysis
17. Opportunity Analysis
18. Global Smart & Intelligent Pumps Porter’s Five Forces Analysis
19. Analyzing the Threat of New Entrants
20. Analyzing the Bargaining Power of Buyer
21. Analyzing the Bargaining Power of Suppliers
22. Analyzing Threat from Substitutes
23. Analyzing the Intensity of Competitive Rivalry
24. Global Smart & Intelligent Pumps Market (by Pump Type)
25. Global Smart & Intelligent Pumps Market, 2017-2023
26. Global Smart & Intelligent Pumps Market Attractiveness Analysis (by Pump Type), 2017-2023
27. Global Smart & Intelligent Pumps Market, by Centrifugal Pump Type, $Million, 2017-2023
28. Global Smart & Intelligent Pumps Market, by Positive Displacement Pump Type, $Million, 2017-2023
29. Global Smart & Intelligent Pumps Market (by Application)
30. Crude Oil Production in Key Regions, 2015-2017
31. Global Smart & Intelligent Pumps Market
32. Smart & Intelligent Pumps in Oil & Gas Industry, $Million, 2017-2023
33. Smart & Intelligent Pumps in Water & Wastewater Industry, $Million, 2017-2023
34. Smart & Intelligent Pumps in Power Industry, $Million, 2017-2023
35. Smart & Intelligent Pumps in Chemicals Industry, $Million, 2017-2023
36. Smart & Intelligent Pumps in General Industry, $Million, 2017-2023
37. Global Smart & Intelligent Pumps Market - Regional Segmentation
38. Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
39. Asia-Pacific Smart & Intelligent Pumps Market (by Application), 2017 & 2023
40. Asia-Pacific Smart & Intelligent Pumps Market(by Country), Market Share Analysis, 2017 & 2023
41. China Smart & Intelligent Pumps Market, 2017-2023
42. Japan Smart & Intelligent Pumps Market, 2017-2023
43. India Smart & Intelligent Pumps Market, 2017-2023
44. Australia & New Zealand Smart & Intelligent Pumps Market, 2017-2023
45. South Korea Smart & Intelligent Pumps Market, 2017-2023
46. Rest-of-Asia-Pacific Smart & Intelligent Pumps Market, 2017-2023
47. Europe Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
48. Europe Smart & Intelligent Pumps Market (by Application), 2017 & 2023
49. Europe Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
50. The U.K. Smart & Intelligent Pumps Market, 2017-2023
51. Germany Smart & Intelligent Pumps Market, 2017-2023
52. France Smart & Intelligent Pumps Market, 2017-2023
53. Italy Smart & Intelligent Pumps Market, 2017-2023
54. Russia Smart & Intelligent Pumps Market, 2017-2023
55. Rest-of-Europe Smart & Intelligent Pumps Market, 2017-2023
56. North America Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
57. North America Smart & Intelligent Pumps Market (by Application), 2017 & 2023
58. North America Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
59. The U.S. Smart & Intelligent Pumps Market, 2017-2023
60. Canada Smart & Intelligent Pumps Market, 2017-2023
61. Mexico Smart & Intelligent Pumps Market, 2017-2023
62. MEA Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
63. MEA Smart & Intelligent Pumps Market (by Application), 2017 & 2023
64. MEA Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
65. The U.A.E. Smart & Intelligent Pumps Market, 2017-2023
66. Global Smart & Intelligent Pumps Market
67. Saudi Arabia Smart & Intelligent Pumps Market, 2017-2023
68. South Africa Smart & Intelligent Pumps Market, 2017-2023
69. Iran Smart & Intelligent Pumps Market, 2017-2023
70. Rest-of-MEA Smart & Intelligent Pumps Market, 2017-2023
71. South America Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
72. South America Smart & Intelligent Pumps Market (by Application), 2017 & 2023
73. South America Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
74. Brazil Smart & Intelligent Pumps Market, 2017-2023
75. Colombia Smart & Intelligent Pumps Market, 2017-2023
76. Argentina Smart & Intelligent Pumps Market, 2017-2023
77. Rest-of-South-America Smart & Intelligent Pumps Market, 2017-2023
78. Share of Key Players
79. Colfax Corporation: Product Portfolio
80. Colfax Corporation: Overall Financials, 2015-2017
81. Colfax Corporation: Net Revenue (by Business Segments), 2015-2017
82. Colfax Corporation: SWOT Analysis
83. Flowserve Corporation: Product Portfolio
84. Flowserve Corporation: Overall Financials, 2015-2017
85. Flowserve Corporation: Net Revenue (by Business Segments), 2015-2017
86. Flowserve Corporation: Net Revenue (by Region), 2015-2017
87. Flowserve Corporation: SWOT Analysis
88. Grundfos Holding A/S: Product Portfolio
89. Grundfos Holding A/S: Overall Financials, 2015-2017
90. Grundfos Holding A/S: Net Revenue (by Region), 2015-2017
91. Grundfos Holding A/S: SWOT Analysis
92. GRUNWL: Product Portfolio
93. GRUNWL: SWOT Analysis94. ITT, Inc.: Product Portfolio
95. ITT, Inc.: Overall Financials, 2015-2017
96. ITT, Inc.: Net Revenue (by Business Segments), 2015-2017
97. ITT, Inc.: Net Revenue (by Region), 2015-2017
98. ITT, Inc.: SWOT Analysis
99. Kirloskar Group: Product Portfolio
100. Kirloskar Group: Overall Financials, 2015-2017
101. Kirloskar Group: SWOT Analysis
102. KSB Group: Product Portfolio
103. Global Smart & Intelligent Pumps Market
104. KSB Group: Overall Financials, 2015-2017
105. KSB Group: Net Revenue (by Business Segment), 2015-2017
106. KSB Group: SWOT Analysis
107. Pentair plc: Product Portfolio
108. Pentair plc: Overall Financials, 2015-2017
109. Pentair plc: Net Revenue (by Business Segments), 2015-2017
110. Pentair plc: Net Revenue (by Region), 2015-2017
111. Pentair plc: SWOT Analysis
112. Regal Beloit Corporation: Product Portfolio
113. Regal Beloit Corporation: Overall Financials, 2015-2017
114. Regal Beloit Corporation: Net Revenue (by Business Segments), 2015-2017
115. Regal Beloit Corporation: SWOT Analysis
116. SEEPEX GmbH: Product Portfolio
117. SEEPEX GmbH: SWOT Analysis
118. Spirax-Sarco Engineering plc: Product Portfolio
119. Spirax-Sarco Engineering plc: Overall Financials, 2015-2017
120. Spirax-Sarco Engineering plc: Net Revenue (by Region), 2015-2017
121. Spirax-Sarco Engineering plc: SWOT Analysis
122. Sulzer Ltd: Product Portfolio
123. Sulzer Ltd: Overall Financials, 2015-2017
124. Sulzer Ltd: Net Revenue (by Business Segments), 2016-2017
125. Sulzer Ltd: Net Revenue (by Region), 2016-2017
126. Sulzer Ltd: SWOT Analysis
127. Wilo SE: Product Portfolio
128. Wilo SE: Overall Financials, 2015-2017
129. Wilo SE: Net Revenue (by Business Segments), 2016-2017
130. Wilo SE: Net Revenue (by Region), 2016-2017
131. Wilo SE: SWOT Analysis
132. Xylem, Inc.: Product Portfolio
133. Xylem, Inc.: Overall Financials, 2015-2017
134. Xylem, Inc.: Net Revenue (by Business Segments), 2015-2017
135. Xylem, Inc.: Net Revenue (by Region), 2015-2017
136. Xylem, Inc.: SWOT Analysis
137. Yaskawa Electric Corporation: Product Portfolio
138. Yaskawa Electric Corporation: Overall Financials, 2015-2017
139. Yaskawa Electric Corporation: Net Revenue (by Business Segments), 2015-2017
140. Yaskawa Electric Corporation: Net Revenue (by Region), 2015-2017
141. Yaskawa Electric Corporation: SWOT Analysis
142. Global Smart & Intelligent Pumps Market
143. Global Smart & Intelligent Pumps Market Scope
144. Report Design
145. Primary Interviews (by Player, Designation, and Region)
146. Sources of Secondary Research
147. Data Triangulation
148. Top-Down & Bottom-Up Approach

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Colfax Corporation
  • Grundfos Holding A/S
  • ITT, Inc.
  • KSB Group
  • Regal Beloit Corporation
  • Sulzer Ltd
  • MORE

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. With the advent of variable frequency speed drives, monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Although smart & intelligent pumps offer potential benefits, they have not garnered much wider adoption. The reason behind this is reluctance to shift from the conventional pumping systems to the new smart & intelligent pumps. The cultural change is the most challenging aspect for the adoption of smart & intelligent pumps. Industries such as the oil & gas are conservative in their approach. However, it is anticipated that the potential benefits of smart & intelligent pumps will bring about a change in the market.

High costs of energy are forcing the end users to think of more innovative ways to control costs. In pumping frameworks, energy costs represent more than 33% of aggregate lifecycle costs. As a consequence of the high energy requirement by conventional pumps, the energy-efficient nature of smart & intelligent pumps will be a major factor for its market development. Assessment credits and government mandates focusing on energy-efficient projects are additionally anticipated to impact the development of smart & intelligent pumps positively.

The global smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017 and is expected to reach $XX million by 2023, expanding at a CAGR of XX% from 2018 to 2023. The growth of the market can be attributed to an increasing need from various end users for energy efficiency.

Some of the factors driving the growth of the global smart & intelligent pumps market are the strict government regulations for enforcing energy efficiency, operational flexibility offered by these pumps, and demand from various industries to reduce the operational costs.

Strong emphasis from the government on saving energy costs has led to an increased pressure on companies on finding efficient ways for energy utilization. The reduction in energy consumption not only brings the input costs down but also helps in lowering carbon dioxide emissions. Energy efficiency is becoming an important matter of concern, leading to a growing need for introducing energy-efficient products in the market. Intelligent pumping systems contribute to 70% of the energy savings as compared to the energy saving contributed by conventional pumping systems.

In 2017, centrifugal pumps segment dominated the global smart & intelligent pumps market with a market share of XX%, accounting for a market size of $XX million. The segment is expected to account for a market size of $2,605.4 million by the end of 2023, expanding at a CAGR of XX%. The growth of the centrifugal pumps segment can be attributed to the easy maintenance of these pumps, thus rendering an economical advantage.

The positive displacement pumps segment accounted for a market size of $99.7 million in 2017 and is expected to account for a market size of $XX million by the end of 2023. Positive displacement pumps are used for very specific applications which make them less preferred as comparison to centrifugal pumps.

Water & wastewater application is expected to show the fastest growth during the forecast period

Global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. The oil & gas industry segment accounted for a market value of $658.7 million in 2017 and is expected to reach $XX million by the end of 2023, growing at a CAGR of XX% during the forecast period. The oil & gas industry has a high demand for intelligent pumping solutions, as these pumps enable easy monitoring of remote locations, thus cutting down on costs. The water & wastewater industry contributed to XX% of the total intelligent pumps revenue in 2017. The key driving factor of intelligent pumps across the water and the wastewater industry is the demand for automated systems that can monitor the quality of water.

The Asia-Pacific region accounted for the largest market revenue share of XX% in 2017. The growth of the intelligent pumps in the region can be attributed to a well-established industrial base. The smart & intelligent pumps market in the region is driven by huge investments in industries such as water, wastewater, and related processing. Increasing investments for water treatment and rapid development of the oil & gas industry are expected to propel the demand for intelligent pumps in the Asia-Pacific region.

Apart from Asia-Pacific, the Europe region is witnessing a fuelling demand for intelligent pumps due to the changing legislation. With end users under strain to comply with the strict government policies, the emphasis is progressively on gaining more versatile and advanced pumps that can decrease vitality costs and in addition address the issues of cavitation and dead heading.

The only challenge faced by the intelligent pumps manufacturers in the Europe region is to educate the end users about the potential benefits of intelligent pumps and their application that can bring about a change in their system process.

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  • Colfax Corporation
  • Flowserve Corporation
  • GRUNWL
  • Grundfos Holding A/S
  • ITT, Inc.
  • KSB Group
  • Kirloskar Group
  • Pentair plc
  • Regal Beloit Corporation
  • SEEPEX GmbH
  • Spirax-Sarco Engineering plc
  • Sulzer Ltd
  • Wilo SE
  • Xylem, Inc.
  • Yaskawa Electric Corporation
Note: Product cover images may vary from those shown
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