Innovative Business Models that Focus on Net-zero and Circular Economy Goals Influence the Adoption of Smart Pumps
This research outlook provides an overview of the global opportunities and challenges that will influence the growth of pump original equipment manufacturers (OEMs) in the water and wastewater industry.
With sustainability and energy transition being key trends, digital transformation has become the core solution for short-, medium-, and long-term goals. Digital solutions can jump-start efficiency improvement efforts and optimize the infrastructure. As a result, in the last 5 years, there has been significant growth in the adoption of smart sensors, pumps, valves, and water meters by utility companies across the globe.
This research outlook provides revenue forecasts for pumps in the water and wastewater industry and examines new service-based models that will impact OEMs’ prospects. The study analyzes the key factors driving and restraining growth and identifies the key growth opportunities emerging from the changes in this space. The base year is 2021, and the forecast period is 2022 to 2027.
