Market Overview:
The global smart pumps market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and intelligent pumps across various industries. Additionally, the growing awareness about the benefits of using smart pumps is also contributing to the growth of this market. The global smart pumps market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into pumps and variable drives. The application segment includes building automation, water & wastewater treatment, oil & gas production & processing, chemicals production & processing, power generation plants (thermal power plants), and others (including mining). Geographically speaking, it has been analyzed across North America (the U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain United Kingdom Rest Of Europe), Asia Pacific excluding Japan) (China India Australia South Korea Rest Of APAC) Japan ), Middle East Africa ).
Product Definition:
Smart pumps are a type of industrial pump that has been specifically designed to be controlled and monitored by a computer. They are used extensively in the oil and gas industry, but can also be found in other industries where precise control of flow is important.
-Precise control of flow rate.
Pumps:
Pumps are used to move fluid from one place to another using pressure difference. They are widely used in industries such as oil & gas, water treatment, mining and chemical for various applications. The smart pumps market is expected to witness significant growth over the forecast period owing to increasing demand for automation in these industries coupled with growing need for energy-efficient solutions.
Smart pumps can be defined as intelligent mechanical devices that assist users by making decisions on their own.
Variable Drives:
Variable drives are used in smart pumps to control the flow of liquids and gases. It is an electronic device that varies the speed of a motor according to the demands of a process. The variable drive mechanism can be operated manually or automatically by using sensors, switches, or computers.
Application Insights:
Building automation was the dominant application segment in 2017 and is expected to continue its dominance over the forecast period. The building automation market has been gaining traction due to rising demand for energy-efficient solutions, which are widely used in residential as well as commercial buildings. Building Automation R&D centers are focusing on developing smart pumps that can be controlled through a central system or locally by a sensor attached to the water supply line.
The oil & gas industry is one of the leading adopters of smart pumps owing to their benefits such as cost-saving, enhanced operational efficiency and safety features that help eliminate human errors during transfer & storage operations at various stages of production from drilling down wells till they reach the surface producing fields.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in industries such as water & wastewater, oil & gas, power generation, and others. Factors such as rapid urbanization coupled with increasing population have led to an increase in demand for these pumps across this region.
The smart pump industry is anticipated to witness significant growth over the next eight years owing to factors such as rising demand for energy-efficient products along with growing adoption of automation technologies across various end-use industries.
Growth Factors:
- Increasing demand for smart pumps in the oil and gas industry as it helps in reducing the production cost and improving safety.
- Rising demand for smart pumps from water and wastewater management sector due to its ability to provide real-time monitoring of pump performance, helping operators take corrective actions quickly.
- Growing popularity of Internet of Things (IoT) is expected to drive the growth of smart pump market as IoT provides a platform for connecting devices and sensors, which can help in gathering data about pump performance that can be used for predictive maintenance purposes.
- Proliferation of microgrids is also expected to create opportunities for growth of smart pumps market as microgrids are increasingly being adopted by various industries owing to their ability to provide reliable power supply with reduced emissions footprint .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Pumps Market Research Report
By Type
Pumps, Variable Drives, Control Systems
By Application
Building Automation, Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Others
By Companies
Grundfos, Itt, Sulzer, Flowserve, Xylem, Colfax, Kirloskar Brothers, Regal Beloit, KSB Aktiengesellschaft, Seepex, Wilo SE, Yaskawa Electric, Grunwl
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Smart Pumps Market Report Segments:
The global Smart Pumps market is segmented on the basis of:
Types
Pumps, Variable Drives, Control Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building Automation, Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Grundfos
- Itt
- Sulzer
- Flowserve
- Xylem
- Colfax
- Kirloskar Brothers
- Regal Beloit
- KSB Aktiengesellschaft
- Seepex
- Wilo SE
- Yaskawa Electric
- Grunwl
Highlights of The Smart Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pumps
- Variable Drives
- Control Systems
- By Application:
- Building Automation
- Water & Wastewater
- Oil & Gas
- Chemicals
- Power Generation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Pumps are a type of water pump that can be controlled remotely using an app or computer. This allows the pump to be operated by someone else, such as a homeowner who is away from home, without having to physically operate the pump.
Some of the key players operating in the smart pumps market are Grundfos, Itt, Sulzer, Flowserve, Xylem, Colfax, Kirloskar Brothers, Regal Beloit, KSB Aktiengesellschaft, Seepex, Wilo SE, Yaskawa Electric, Grunwl.
The smart pumps market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Pumps Market - Supply Chain
4.5. Global Smart Pumps Market Forecast
4.5.1. Smart Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Pumps Market Absolute $ Opportunity
5. Global Smart Pumps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Pumps Market Size and Volume Forecast by Type
5.3.1. Pumps
5.3.2. Variable Drives
5.3.3. Control Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Pumps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Pumps Market Size and Volume Forecast by Application
6.3.1. Building Automation
6.3.2. Water & Wastewater
6.3.3. Oil & Gas
6.3.4. Chemicals
6.3.5. Power Generation
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Pumps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Pumps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Pumps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Pumps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Pumps Demand Share Forecast, 2019-2026
9. North America Smart Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Pumps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Pumps Market Size and Volume Forecast by Application
9.4.1. Building Automation
9.4.2. Water & Wastewater
9.4.3. Oil & Gas
9.4.4. Chemicals
9.4.5. Power Generation
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Pumps Market Size and Volume Forecast by Type
9.7.1. Pumps
9.7.2. Variable Drives
9.7.3. Control Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Pumps Demand Share Forecast, 2019-2026
10. Latin America Smart Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Pumps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Pumps Market Size and Volume Forecast by Application
10.4.1. Building Automation
10.4.2. Water & Wastewater
10.4.3. Oil & Gas
10.4.4. Chemicals
10.4.5. Power Generation
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Pumps Market Size and Volume Forecast by Type
10.7.1. Pumps
10.7.2. Variable Drives
10.7.3. Control Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Pumps Demand Share Forecast, 2019-2026
11. Europe Smart Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Pumps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Pumps Market Size and Volume Forecast by Application
11.4.1. Building Automation
11.4.2. Water & Wastewater
11.4.3. Oil & Gas
11.4.4. Chemicals
11.4.5. Power Generation
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Pumps Market Size and Volume Forecast by Type
11.7.1. Pumps
11.7.2. Variable Drives
11.7.3. Control Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Pumps Demand Share, 2019-2026
12. Asia Pacific Smart Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Pumps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Pumps Market Size and Volume Forecast by Application
12.4.1. Building Automation
12.4.2. Water & Wastewater
12.4.3. Oil & Gas
12.4.4. Chemicals
12.4.5. Power Generation
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Pumps Market Size and Volume Forecast by Type
12.7.1. Pumps
12.7.2. Variable Drives
12.7.3. Control Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Pumps Demand Share, 2019-2026
13. Middle East & Africa Smart Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Pumps Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Pumps Market Size and Volume Forecast by Application
13.4.1. Building Automation
13.4.2. Water & Wastewater
13.4.3. Oil & Gas
13.4.4. Chemicals
13.4.5. Power Generation
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Pumps Market Size and Volume Forecast by Type
13.7.1. Pumps
13.7.2. Variable Drives
13.7.3. Control Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Pumps Market: Market Share Analysis
14.2. Smart Pumps Distributors and Customers
14.3. Smart Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Grundfos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Itt
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sulzer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Flowserve
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xylem
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Colfax
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kirloskar Brothers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Regal Beloit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KSB Aktiengesellschaft
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Seepex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wilo SE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yaskawa Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Grunwl
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
