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Smart Pumps-Global Market Insights and Sales Trends 2024

Smart Pumps-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1829678

No of Pages : 104

Synopsis
The global Smart Pumps market size is expected to reach US$ 1576.2 million by 2029, growing at a CAGR of 6.4% from 2023 to 2029. The market is mainly driven by the significant applications of Smart Pumps in various end use industries. The expanding demands from the Building Automation, Water & Wastewater, Oil & Gas and Chemicals, are propelling Smart Pumps market. Pumps, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Variable Drives segment is estimated at % CAGR for the next seven-year period.
The use of smart pumps is driven by several factors, including:

1. Enhanced precision and control: Smart pumps offer advanced features that allow for precise and accurate control of fluid flow. They often include sensors, actuators, and automated controls that can adjust flow rates, pressure, and other parameters in real-time. This enhanced precision and control can result in improved process efficiency, reduced waste, and optimal performance.

2. Remote monitoring and control: Smart pumps are equipped with connectivity features that enable remote monitoring and control. This allows operators to monitor pump performance, check operating conditions, and make adjustments from a central control system or even through mobile applications. Remote monitoring and control capability increase operational efficiency, reduce the need for on-site visits, and enable real-time responses to optimize performance.

3. Condition monitoring and predictive maintenance: Smart pumps utilize sensors and data analytics to continuously monitor pump health and performance. By analyzing data on parameters such as temperature, vibration, flow rate, and power consumption, they can detect anomalies, identify issues, and predict maintenance needs. This proactive approach to maintenance can help prevent unexpected shutdowns, reduce downtime, and optimize maintenance schedules.

4. Energy efficiency and cost savings: Smart pumps are designed to optimize energy consumption and reduce operational costs. They can adjust motor speed or flow rate based on demand, ensuring that energy is used efficiently and only when required. By automatically adapting to changing conditions and operating at optimal levels, smart pumps can significantly reduce energy waste, resulting in cost savings over time.

5. Safety and process optimization: Smart pumps often include safety features and automation capabilities that help prevent accidents and optimize process control. They may have fail-safe mechanisms, alarms for abnormal conditions, and automatic shutdown functions to protect against overpressure, overheating, or equipment failure. Additionally, the automation capabilities provided by smart pumps allow for precise and consistent control of fluid flow, ensuring that processes are executed with accuracy and reliability.

6. Compliance and reporting: Some industries require strict compliance with regulations and standards related to pump operations. Smart pumps can facilitate compliance by providing data logging, reporting, and documentation capabilities. They can record and store data on pump performance, flow rates, and operating conditions, enabling easy retrieval and reporting for regulatory purposes.

Overall, the driving factors for the use of smart pumps include enhanced precision and control, remote monitoring and control capabilities, condition monitoring and predictive maintenance, energy efficiency and cost savings, safety and process optimization, and compliance and reporting requirements. These factors highlight the benefits of smart pump technology in improving operational efficiency, reducing costs, ensuring safety, and meeting regulatory standards in various industries, including manufacturing, water treatment, oil and gas, and chemical processing.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Smart Pumps, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Smart Pumps market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Smart Pumps market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Smart Pumps sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Smart Pumps covered in this report include Grundfos, ITT, Sulzer, Flowserve, Xylem, Colfax, Kirloskar Brothers, Regal Beloit and KSB Aktiengesellschaft, etc.
The global Smart Pumps market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Grundfos
ITT
Sulzer
Flowserve
Xylem
Colfax
Kirloskar Brothers
Regal Beloit
KSB Aktiengesellschaft
Seepex
Wilo SE
Yaskawa Electric
Grunwl
Global Smart Pumps market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Smart Pumps market, Segment by Type:
Pumps
Variable Drives
Control Systems
Global Smart Pumps market, by Application
Building Automation
Water & Wastewater
Oil & Gas
Chemicals
Power Generation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Smart Pumps manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Smart Pumps in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Smart Pumps Market Overview
1.1 Smart Pumps Product Overview
1.2 Smart Pumps Market Segment by Type
1.2.1 Pumps
1.2.2 Variable Drives
1.2.3 Control Systems
1.3 Global Smart Pumps Market Size by Type
1.3.1 Global Smart Pumps Market Size Overview by Type (2018-2029)
1.3.2 Global Smart Pumps Historic Market Size Review by Type (2018-2023)
1.3.3 Global Smart Pumps Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Smart Pumps Sales Breakdown by Type (2018-2023)
1.4.2 Europe Smart Pumps Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Smart Pumps Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Smart Pumps Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Smart Pumps Sales Breakdown by Type (2018-2023)
2 Global Smart Pumps Market Competition by Company
2.1 Global Top Players by Smart Pumps Sales (2018-2023)
2.2 Global Top Players by Smart Pumps Revenue (2018-2023)
2.3 Global Top Players by Smart Pumps Price (2018-2023)
2.4 Global Top Manufacturers Smart Pumps Manufacturing Base Distribution, Sales Area, Product Type
2.5 Smart Pumps Market Competitive Situation and Trends
2.5.1 Smart Pumps Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Smart Pumps Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Smart Pumps as of 2022)
2.7 Date of Key Manufacturers Enter into Smart Pumps Market
2.8 Key Manufacturers Smart Pumps Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Smart Pumps Status and Outlook by Region
3.1 Global Smart Pumps Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Smart Pumps Historic Market Size by Region
3.2.1 Global Smart Pumps Sales in Volume by Region (2018-2023)
3.2.2 Global Smart Pumps Sales in Value by Region (2018-2023)
3.2.3 Global Smart Pumps Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Smart Pumps Forecasted Market Size by Region
3.3.1 Global Smart Pumps Sales in Volume by Region (2024-2029)
3.3.2 Global Smart Pumps Sales in Value by Region (2024-2029)
3.3.3 Global Smart Pumps Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Smart Pumps by Application
4.1 Smart Pumps Market Segment by Application
4.1.1 Building Automation
4.1.2 Water & Wastewater
4.1.3 Oil & Gas
4.1.4 Chemicals
4.1.5 Power Generation
4.1.6 Others
4.2 Global Smart Pumps Market Size by Application
4.2.1 Global Smart Pumps Market Size Overview by Application (2018-2029)
4.2.2 Global Smart Pumps Historic Market Size Review by Application (2018-2023)
4.2.3 Global Smart Pumps Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Smart Pumps Sales Breakdown by Application (2018-2023)
4.3.2 Europe Smart Pumps Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Smart Pumps Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Smart Pumps Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Smart Pumps Sales Breakdown by Application (2018-2023)
5 North America Smart Pumps by Country
5.1 North America Smart Pumps Historic Market Size by Country
5.1.1 North America Smart Pumps Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Smart Pumps Sales in Volume by Country (2018-2023)
5.1.3 North America Smart Pumps Sales in Value by Country (2018-2023)
5.2 North America Smart Pumps Forecasted Market Size by Country
5.2.1 North America Smart Pumps Sales in Volume by Country (2024-2029)
5.2.2 North America Smart Pumps Sales in Value by Country (2024-2029)
6 Europe Smart Pumps by Country
6.1 Europe Smart Pumps Historic Market Size by Country
6.1.1 Europe Smart Pumps Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Smart Pumps Sales in Volume by Country (2018-2023)
6.1.3 Europe Smart Pumps Sales in Value by Country (2018-2023)
6.2 Europe Smart Pumps Forecasted Market Size by Country
6.2.1 Europe Smart Pumps Sales in Volume by Country (2024-2029)
6.2.2 Europe Smart Pumps Sales in Value by Country (2024-2029)
7 Asia-Pacific Smart Pumps by Region
7.1 Asia-Pacific Smart Pumps Historic Market Size by Region
7.1.1 Asia-Pacific Smart Pumps Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Smart Pumps Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Smart Pumps Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Smart Pumps Forecasted Market Size by Region
7.2.1 Asia-Pacific Smart Pumps Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Smart Pumps Sales in Value by Region (2024-2029)
8 Latin America Smart Pumps by Country
8.1 Latin America Smart Pumps Historic Market Size by Country
8.1.1 Latin America Smart Pumps Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Smart Pumps Sales in Volume by Country (2018-2023)
8.1.3 Latin America Smart Pumps Sales in Value by Country (2018-2023)
8.2 Latin America Smart Pumps Forecasted Market Size by Country
8.2.1 Latin America Smart Pumps Sales in Volume by Country (2024-2029)
8.2.2 Latin America Smart Pumps Sales in Value by Country (2024-2029)
9 Middle East and Africa Smart Pumps by Country
9.1 Middle East and Africa Smart Pumps Historic Market Size by Country
9.1.1 Middle East and Africa Smart Pumps Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Smart Pumps Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Smart Pumps Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Smart Pumps Forecasted Market Size by Country
9.2.1 Middle East and Africa Smart Pumps Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Smart Pumps Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Grundfos
10.1.1 Grundfos Company Information
10.1.2 Grundfos Introduction and Business Overview
10.1.3 Grundfos Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Grundfos Smart Pumps Products Offered
10.1.5 Grundfos Recent Development
10.2 ITT
10.2.1 ITT Company Information
10.2.2 ITT Introduction and Business Overview
10.2.3 ITT Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ITT Smart Pumps Products Offered
10.2.5 ITT Recent Development
10.3 Sulzer
10.3.1 Sulzer Company Information
10.3.2 Sulzer Introduction and Business Overview
10.3.3 Sulzer Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Sulzer Smart Pumps Products Offered
10.3.5 Sulzer Recent Development
10.4 Flowserve
10.4.1 Flowserve Company Information
10.4.2 Flowserve Introduction and Business Overview
10.4.3 Flowserve Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Flowserve Smart Pumps Products Offered
10.4.5 Flowserve Recent Development
10.5 Xylem
10.5.1 Xylem Company Information
10.5.2 Xylem Introduction and Business Overview
10.5.3 Xylem Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Xylem Smart Pumps Products Offered
10.5.5 Xylem Recent Development
10.6 Colfax
10.6.1 Colfax Company Information
10.6.2 Colfax Introduction and Business Overview
10.6.3 Colfax Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Colfax Smart Pumps Products Offered
10.6.5 Colfax Recent Development
10.7 Kirloskar Brothers
10.7.1 Kirloskar Brothers Company Information
10.7.2 Kirloskar Brothers Introduction and Business Overview
10.7.3 Kirloskar Brothers Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Kirloskar Brothers Smart Pumps Products Offered
10.7.5 Kirloskar Brothers Recent Development
10.8 Regal Beloit
10.8.1 Regal Beloit Company Information
10.8.2 Regal Beloit Introduction and Business Overview
10.8.3 Regal Beloit Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Regal Beloit Smart Pumps Products Offered
10.8.5 Regal Beloit Recent Development
10.9 KSB Aktiengesellschaft
10.9.1 KSB Aktiengesellschaft Company Information
10.9.2 KSB Aktiengesellschaft Introduction and Business Overview
10.9.3 KSB Aktiengesellschaft Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.9.4 KSB Aktiengesellschaft Smart Pumps Products Offered
10.9.5 KSB Aktiengesellschaft Recent Development
10.10 Seepex
10.10.1 Seepex Company Information
10.10.2 Seepex Introduction and Business Overview
10.10.3 Seepex Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Seepex Smart Pumps Products Offered
10.10.5 Seepex Recent Development
10.11 Wilo SE
10.11.1 Wilo SE Company Information
10.11.2 Wilo SE Introduction and Business Overview
10.11.3 Wilo SE Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Wilo SE Smart Pumps Products Offered
10.11.5 Wilo SE Recent Development
10.12 Yaskawa Electric
10.12.1 Yaskawa Electric Company Information
10.12.2 Yaskawa Electric Introduction and Business Overview
10.12.3 Yaskawa Electric Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Yaskawa Electric Smart Pumps Products Offered
10.12.5 Yaskawa Electric Recent Development
10.13 Grunwl
10.13.1 Grunwl Company Information
10.13.2 Grunwl Introduction and Business Overview
10.13.3 Grunwl Smart Pumps Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Grunwl Smart Pumps Products Offered
10.13.5 Grunwl Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Smart Pumps Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Smart Pumps Industrial Chain Analysis
11.4 Smart Pumps Market Dynamics
11.4.1 Smart Pumps Industry Trends
11.4.2 Smart Pumps Market Drivers
11.4.3 Smart Pumps Market Challenges
11.4.4 Smart Pumps Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Smart Pumps Distributors
12.3 Smart Pumps Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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