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Global Intelligent Pumps Market Attain a Value of US$748.5 mn by 2025
Variable Speed Drives Dominate Market due to their Crucial Role in Automating Fluid Flow, 6/14/2018 - An insightful study, titled “Intelligent Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 - 2025” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 378 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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Intelligent pumps provide operational efficiency by automating regulation and control of the flow or pressure of water or other fluids. They also offer real-time operating data on the pumping equipment. As a result, they eliminate the need for maintenance staff to repair and monitor the equipment. Such advantages have steadily driven the sales of intelligent pumps despite the high cost of installing them. Besides, constant thrust on product development by key players in order to steal a march over their competitors is also boosting the market.

Currently, the global intelligent pump market is fragmented in nature due to the presence of a large number of regional and international players of various sizes. The players are seen banking upon strategic collaborations and also building proper distribution channels to drive sales and bolster their positions.

A study by Market Research Reports Search Engine (MRRSE) forecasts the global intelligent pumps market to attain a value of US$748.5 mn by 2025 from US$424.4 mn in 2016 by clocking a CAGR of 6.4% from 2017 to 2025.

Depending upon the type of component, the global intelligent pumps market can be segmented into pump motor, variable speed drive, control system, etc. Of them, the segment of variable speed drive accounted for about 40.0% share in the market in 2016. This is because variable-frequency drive or variable-speed drive, which regulates the speed and rotational force (or torque output) of an electric motor, helps to automate the process of the fluid travelling inside a pipeline. The variable speed drive can be further divided into high quality variable speed drive and low quality variable speed drive.

Based on application, the global intelligent pumps market can be divided into buildings, industry, water utility, etc. Of them, the industrial segment led the market with maximum share – about 70.0% in 2016. It was trailed by water-utility segment, which is further divided into water supply, waste water, and others.

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