Intelligent pumping is basically the combination of a VFD and a pump with digital controls and digital monitoring capabilities. Since the trend of digital control and monitoring has taken pace over the last few years, new possibilities and implications are now available widely especially for energy management, remote condition monitoring and remote systems control. Intelligent pumps are widely used in constructing automation for water systems and HVAC systems. In addition, in the wastewater & water treatment sector, intelligent pumps are widely used for reverse osmosis process of drinking water, processing of drinking water and lubrication of machine tools. In addition, an intelligent pump has the ability to control and regulate pressure or flow. Some of the key advantages of using intelligent pumps include lifetime improvements, energy savings and overall reductions in system costs. In response to this, intelligent pump systems are increasing to add wireless monitoring and control capabilities. However, the initial installation costs are generally high, intelligent pump systems furnish their users with ability to entrée real time operating data on their pumping environment along with improved predictive maintenance plans.
The global intelligent pumps market is primarily driven by various factors such as increasing growth of smart cities market, strict energy efficiency standards in developing and developed economies and governmental and non-governmental initiatives on the conservation of energy. These factors are anticipated to create new investment pockets for the global intelligent pumps market over the forecast period. The global intelligent pumps market is projected to foresee considerable growth owing to increasing focus especially on wastewater and water treatment sector along with increasing growth of the automation sector mainly in Europe and North America. Moreover, increasing demand for digital oil fields and rapid growth in the Industrial Internet of Things sector, increasing awareness regarding the economic benefits of intelligent pumps, rising focus on smart water systems, rising number of power generation projects across the globe as well as considerable amount of investments in non-oil & gas sector majorly in Middle East and Africa region are some of the key aspects driving the growth of the global intelligent pump market.
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The global intelligent pumps market can be segmented on the basis of component, type, end-user and geography. Based on component, the global intelligent pumps market can be segmented into control system, variable drives and pumps. Based on of type, the global intelligent pumps market can be segmented into centrifugal pumps and positive displacement pumps. On the basis of end-user, the global intelligent pumps market can be segmented into chemicals, oil & gas, building automation, power generation, water & wastewater and others. On the basis of geography, the global intelligent pumps market can be segmented into North America, Europe, Asia Pacific and Rest of the World.
Some of the key players in the global intelligent pumps market include ITT Corporation, Xylem, Inc., Sulzer Ltd., Grundfos Holding A/S, Bosch Rexroth, Flowserve Corporation, ROHM Semiconductor, YASKAWA, Dana Brevini, ABB Ltd. and Rockwell Automation among others.
The global intelligent pumps market can be segmented:
• Control system
• Variable drives
• Centrifugal pumps
• Positive displacement pumps
• Oil & gas
• Building automation
• Power generation
• Water & wastewater
• North America
• Asia pacific
• Rest of the world
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