Global Smart & Intelligent Pumps Market - Analysis & Forecast, 2018-2023

Focus on Pump Type (Centrifugal Pump and Positive Displacement Pump) and Application

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Report Description

Smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017 and is expected to reach $XX million

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. Monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions, with the advent of variable frequency speed drives.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Centrifugal and positive displacement pumps are some of the smart & intelligent pumps widely used across various end-user applications. The global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. Pumps in the oil & gas industry are used for chemical transfers, injection tasks, and stream stripping, among others. The need for intelligent pumping systems in the oil & gas industry arises due to strict regulations regarding environmental regulations for energy consumption and pollution. The oil & gas industry is the largest consumer of intelligent pumping systems.

The global smart & intelligent pumps market is expected to grow at a CAGR of 6.68% 2018 and 2023 in terms of value.

The report is a compilation of the different segments of the global smart & intelligent pumps market, including market breakdown by pump type, application, and geographical areas. Herein the revenue generated from the pump type (centrifugal pump and positive displacement pump), application (oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry),and geographies (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) are tracked to calculate the overall market size in terms of value ($million). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global smart & intelligent pumps market. The report also includes sections on the key participants involved in the industry.

The report further includes a thorough analysis of the impact of the Porter’s Five Forces to understand the overall attractiveness of the industry. The most commonly-used strategy for developing a better hold on the market has been partnerships, collaborations, and joint ventures. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual restraining and driving forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the global smart & intelligent pumps market and draws upon insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 16 companies with their financial analysis, SWOT, and product portfolio.

The company profiles in the report include KSB Group, Colfax Corporation, Pentair plc, Spirax-Sparco Engineering plc, Grundfos Holding A/S, Kirloskar Group, Yaskawa Electric Corporation, SEEPEX GmbH, GRUNWL, Sulzer Ltd., Xylem, Inc., ITT, Inc., Flowserve Corporation, Wilo SE, and Regal Beloit Corporation.

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Key Questions Answered in this Report

What was the size in terms of value ($million) of the smart & intelligent pumps market in 2017, and what will be the growth rate d

Key questions answered in the report:

•    What was the size in terms of value ($million) of the smart & intelligent pumps market in 2017, and what will be the growth rate during the forecast period 2018-2023?
•    What will be the market size of different types of pumps (by value) and their growth rate during the forecast period 2018-2023?
•    What will be the market size of different applications of smart & intelligent pumps market (by value) and their growth rate during the forecast period 2018-2023?
•    What will be the market size for different regions and countries in terms of value in the smart & intelligent pumps market and their growth rate in the forecast period 2018-2023?
•    What are the major driving forces that tend to increase the demand for smart & intelligent pumps in various end-user industries during the forecast period?
•    What are the major challenges inhibiting the growth of the global smart & intelligent pumps market?
•    What are the competitive strengths of key players in the global smart & intelligent pumps based on the market share analysis?
•    Who are the key players (along with their detailed analysis and profiles including their financials, company snapshots, key products & services, and SWOT analysis) in the market?

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Market Overview

Smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017 and is expected to reach $XX million

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. With the advent of variable frequency speed drives, monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Although smart & intelligent pumps offer potential benefits, they have not garnered much wider adoption. The reason behind this is reluctance to shift from the conventional pumping systems to the new smart & intelligent pumps. The cultural change is the most challenging aspect for the adoption of smart & intelligent pumps. Industries such as the oil & gas are conservative in their approach. However, it is anticipated that the potential benefits of smart & intelligent pumps will bring about a change in the market.

High costs of energy are forcing the end users to think of more innovative ways to control costs. In pumping frameworks, energy costs represent more than 33% of aggregate lifecycle costs. As a consequence of the high energy requirement by conventional pumps, the energy-efficient nature of smart & intelligent pumps will be a major factor for its market development. Assessment credits and government mandates focusing on energy-efficient projects are additionally anticipated to impact the development of smart & intelligent pumps positively.

The global smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017 and is expected to reach $XX million by 2023, expanding at a CAGR of XX% from 2018 to 2023. The growth of the market can be attributed to an increasing need from various end users for energy efficiency.

Some of the factors driving the growth of the global smart & intelligent pumps market are the strict government regulations for enforcing energy efficiency, operational flexibility offered by these pumps, and demand from various industries to reduce the operational costs.

Strong emphasis from the government on saving energy costs has led to an increased pressure on companies on finding efficient ways for energy utilization. The reduction in energy consumption not only brings the input costs down but also helps in lowering carbon dioxide emissions. Energy efficiency is becoming an important matter of concern, leading to a growing need for introducing energy-efficient products in the market. Intelligent pumping systems contribute to 70% of the energy savings as compared to the energy saving contributed by conventional pumping systems.

In 2017, centrifugal pumps segment dominated the global smart & intelligent pumps market with a market share of XX%, accounting for a market size of $XX million. The segment is expected to account for a market size of $2,605.4 million by the end of 2023, expanding at a CAGR of XX%. The growth of the centrifugal pumps segment can be attributed to the easy maintenance of these pumps, thus rendering an economical advantage.

The positive displacement pumps segment accounted for a market size of $99.7 million in 2017 and is expected to account for a market size of $XX million by the end of 2023. Positive displacement pumps are used for very specific applications which make them less preferred as comparison to centrifugal pumps.

Water & wastewater application is expected to show the fastest growth during the forecast period

Global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. The oil & gas industry segment accounted for a market value of $658.7 million in 2017 and is expected to reach $XX million by the end of 2023, growing at a CAGR of XX% during the forecast period. The oil & gas industry has a high demand for intelligent pumping solutions, as these pumps enable easy monitoring of remote locations, thus cutting down on costs. The water & wastewater industry contributed to XX% of the total intelligent pumps revenue in 2017. The key driving factor of intelligent pumps across the water and the wastewater industry is the demand for automated systems that can monitor the quality of water.

The Asia-Pacific region accounted for the largest market revenue share of XX% in 2017. The growth of the intelligent pumps in the region can be attributed to a well-established industrial base. The smart & intelligent pumps market in the region is driven by huge investments in industries such as water, wastewater, and related processing. Increasing investments for water treatment and rapid development of the oil & gas industry are expected to propel the demand for intelligent pumps in the Asia-Pacific region.

Apart from Asia-Pacific, the Europe region is witnessing a fuelling demand for intelligent pumps due to the changing legislation. With end users under strain to comply with the strict government policies, the emphasis is progressively on gaining more versatile and advanced pumps that can decrease vitality costs and in addition address the issues of cavitation and dead heading.

The only challenge faced by the intelligent pumps manufacturers in the Europe region is to educate the end users about the potential benefits of intelligent pumps and their application that can bring about a change in their system process.

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Table of Contents

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         1.1    Overview
         1.2    Market Drivers
                  1.2.1    Stringent Government Regulations on Environment and Energy Issues
                  1.2.2    Demand from End Users for Efficient Pumping Systems
                  1.2.3    Operational Flexibility
         1.3    Market Restraints
                  1.3.1    High Capital Investment Restraining the Market Growth
                  1.3.2    Reluctance by small manufacturers to incorporate intelligent pumping solutions
         1.4    Market Opportunities
                  1.4.1    Increasing the Adoption of Smart & Intelligent Pumps to Capitalize on the Large Addressable Market
                  1.4.2    Upcoming Digitization across Cities and Industries
         1.5    Market Dynamics: Impact Analysis

         2.1    Key Developments and Strategies
                  2.1.1    Overview
                  2.1.2    Share of Key Business Strategies
                  2.1.3    Product Launch and Development
                  2.1.4    Mergers & Acquisitions
                  2.1.5    Business Expansion
                  2.1.6    Partnerships, Collaborations, and Joint Ventures
                  2.1.7    Others (Awards, Certifications, and Recognition)
         2.2    Market Share Analysis
                   2.2.1    Overview
         2.3    R&D Analysis of Leading Players, 2015-2017
         2.4    Supply Chain Analysis
         2.5    Opportunity Matrix Analysis

         3.1    Smart & Intelligent Pumps vs. Conventional Pumps
                  3.1.1    Technical Difference
                  3.1.2    Cost Difference
                  3.1.3    Price Contribution of Controllers
                  3.1.4    Potential Entrants in the Smart & Intelligent Pumps Market
         3.2    Industry Attractiveness
                  3.2.1    Threat of New Entrants
                  3.2.2    Bargaining Power of Buyer
                  3.2.3    Bargaining Power of Suppliers
                  3.2.4    Threat from Substitutes
                  3.2.5    Intensity of Competitive Rivalry

         4.1    Assumptions and Limitations for Analysis and Forecast of the Global Smart & Intelligent Pumps Market
         4.2    Market Overview
         4.3    Centrifugal Pumps
         4.4    Positive Displacement Pumps

         5.1    Market Overview
         5.2    Oil & Gas Industry
                  5.2.1    Upstream
                  5.2.2    Midstream
                  5.2.3    Downstream
         5.3    Water & Wastewater Industry
                  5.3.1    Transport Applications
                  5.3.2    Processing Applications
         5.4    Power Industry
         5.5    Chemicals Industry
         5.6    General Industry

         6.1    Market Overview
         6.2    Asia-Pacific
                  6.2.1    Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type)
                  6.2.2    Asia-Pacific Smart & Intelligent Pumps Market (by Application)
                  6.2.3    Asia-Pacific Smart & Intelligent Pumps Market (by Country)
                              6.2.3.1    China
                                             6.2.3.1.1    China Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.1.2    China Smart & Intelligent Pumps Market (by Application)
                              6.2.3.2    Japan
                                             6.2.3.2.1    Japan Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.2.2    Japan Smart & Intelligent Pumps Market (by Application)
                              6.2.3.3    India
                                             6.2.3.3.1    India Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.3.2    India Smart & Intelligent Pumps Market (by Application)
                              6.2.3.4    Australia & New Zealand (ANZ)
                                             6.2.3.4.1    Australia & New Zealand Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.4.2    Australia & New Zealand Smart & Intelligent Pumps Market (by Application)
                              6.2.3.5    South Korea
                                             6.2.3.5.1    South Korea Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.5.2    South Korea Smart & Intelligent Pumps Market (by Application)
                              6.2.3.6    Rest-of-Asia-Pacific
                                             6.2.3.6.1    Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type)
                                             6.2.3.6.2    Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Application)
         6.3    Europe
                  6.3.1    Europe Smart & Intelligent Pumps Market (by Pump Type)
                  6.3.2    Europe Smart & Intelligent Pumps Market (by Application)
                  6.3.3    Europe Smart & Intelligent Pumps Market (by Country)
                              6.3.3.1    The U.K.
                                              6.3.3.1.1    The U.K. Smart & Intelligent Pumps Market (by Pump Type)
                                              6.3.3.1.2    The U.K. Smart & Intelligent Pumps Market (by Application)
                              6.3.3.2    Germany
                                             6.3.3.2.1    Germany Smart & Intelligent Pumps Market (by Pump Type)
                                             6.3.3.2.2    Germany Smart & Intelligent Pumps Market (by Application)
                              6.3.3.3    France
                                             6.3.3.3.1    France Smart & Intelligent Pumps Market (by Pump Type)
                                             6.3.3.3.2    France Smart & Intelligent Pumps Market (by Application)
                              6.3.3.4    Italy
                                             6.3.3.4.1    Italy Smart & Intelligent Pumps Market (by Pump Type)
                                             6.3.3.4.2    Italy Smart & Intelligent Pumps Market (by Application)
                              6.3.3.5    Russia
                                             6.3.3.5.1    Russia Smart & Intelligent Pumps Market (by Pump Type)
                                             6.3.3.5.2    Russia Smart & Intelligent Pumps Market (by Application)
                              6.3.3.6    Rest-of-Europe
                                             6.3.3.6.1    Rest-of-Europe Smart & Intelligent Pumps Market (by Pump Type)
                                             6.3.3.6.2    Rest-of-Europe Smart & Intelligent Pumps Market (by Application)
         6.4    North America
                  6.4.1    North America Smart & Intelligent Pumps Market (by Pump Type)
                  6.4.2    North America Smart & Intelligent Pumps Market (by Application)
                  6.4.3    North America Smart & Intelligent Pumps Market (by Country)
                              6.4.3.1    The U.S.
                                             6.4.3.1.1    The U.S. Smart & Intelligent Pumps Market (by Pump Type)
                                             6.4.3.1.2    The U.S. Smart & Intelligent Pumps Market (by Application)
                              6.4.3.2    Canada
                                             6.4.3.2.1    Canada Smart & Intelligent Pumps Market (by Pump Type)
                                             6.4.3.2.2    Canada Smart & Intelligent Pumps Market (by Application)
                              6.4.3.3    Mexico
                                             6.4.3.3.1    Mexico Smart & Intelligent Pumps Market (by Pump Type)
                                             6.4.3.3.2    Mexico Smart & Intelligent Pumps Market (by Application)
         6.5    Middle East & Africa (MEA)
                  6.5.1    MEA Smart & Intelligent Pumps Market (by Pump Type)
                  6.5.2    MEA Smart & Intelligent Pumps Market (by Application)
                  6.5.3    MEA Smart & Intelligent Pumps Market (by Country)
                              6.5.3.1    The U.A.E.
                                             6.5.3.1.1    The U.A.E. Smart & Intelligent Pumps Market (by Pump Type)
                                             6.5.3.1.2    The U.A.E. Smart & Intelligent Pumps Market (by Application)
                              6.5.3.2    Saudi Arabia
                                             6.5.3.2.1    Saudi Arabia Smart & Intelligent Pumps Market (by Pump Type)
                                             6.5.3.2.2    Saudi Arabia Smart & Intelligent Pumps Market (by Application)
                              6.5.3.3    South Africa
                                             6.5.3.3.1    South Africa Smart & Intelligent Pumps Market (by Pump Type)
                                             6.5.3.3.2    South Africa Smart & Intelligent Pumps Market (by Application)
                              6.5.3.4    Iran
                                             6.5.3.4.1    Iran Smart & Intelligent Pumps Market (by Pump Type)
                                             6.5.3.4.2    Iran Smart & Intelligent Pumps Market (by Application)
                              6.5.3.5    Rest-of-Middle East & Africa (MEA)
                                             6.5.3.5.1    Rest-of-MEA Smart & Intelligent Pumps Market (by Pump Type)
                                             6.5.3.5.2    Rest-of-MEA Smart & Intelligent Pumps Market (by Application)
         6.6    South America
                  6.6.1    South America Smart & Intelligent Pumps Market (by Pump Type)
                  6.6.2    South America Smart & Intelligent Pumps Market (by Application)
                  6.6.3    South America Smart & Intelligent Pumps Market (by Country)
                              6.6.3.1    Brazil
                                             6.6.3.1.1    Brazil Smart & Intelligent Pumps Market (by Pump Type)
                                             6.6.3.1.2    Brazil Smart & Intelligent Pumps Market (by Application)
                              6.6.3.2    Colombia
                                             6.6.3.2.1    Colombia Smart & Intelligent Pumps Market (by Pump Type)
                                             6.6.3.2.2    Colombia Smart & Intelligent Pumps Market (by Application)
                              6.6.3.3    Argentina
                                             6.6.3.3.1    Argentina Smart & Intelligent Pumps Market (by Pump Type)
                                             6.6.3.3.2    Argentina Smart & Intelligent Pumps Market (by Application)
                              6.6.3.4    Rest-of-South-America
                                             6.6.3.4.1    Rest-of-South-America Smart & Intelligent Pumps Market (by Pump Type)
                                             6.6.3.4.2    Rest-of-South-America Smart & Intelligent Pumps Market (by Applicationn)

         7.1    Overview
         7.2    Colfax Corporation
                  7.2.1    Company Overview
                  7.2.2    Product Portfolio
                  7.2.3    Financials
                  7.2.4    Financial Summary
                  7.2.5    SWOT Analysis
         7.3    Flowserve Corporation
                  7.3.1    Company Overview
                  7.3.2    Product Portfolio
                  7.3.3    Financials
                  7.3.4    Financial Summary
                  7.3.5    SWOT Analysis
         7.4    Grundfos Holding A/S
                  7.4.1    Company Overview
                  7.4.2    Product Portfolio
                  7.4.3    Financials
                  7.4.4    Financial Summary
                  7.4.5    SWOT Analysis
         7.5    GRUNWL
                  7.5.1    Company Overview
                  7.5.2    Corporate Summary
                  7.5.3    Product Portfolio
                  7.5.4    SWOT Analysis
         7.6    ITT, Inc.
                  7.6.1    Company Overview
                  7.6.2    Product Portfolio
                  7.6.3    Financials
                  7.6.4    Financial Summary
                  7.6.5    SWOT Analysis
         7.7    Kirloskar Group
                  7.7.1    Company Overview
                  7.7.2    Product Portfolio
                  7.7.3    Financials
                  7.7.4    Financial Summary
                  7.7.5    SWOT Analysis
         7.8    KSB Group
                  7.8.1    Company Overview
                  7.8.2    Product Portfolio
                  7.8.3    Financials
                  7.8.4    Financial Summary
                  7.8.5    SWOT Analysis
         7.9    Pentair plc
                  7.9.1    Company Overview
                  7.9.2    Product Portfolio
                  7.9.3    Financials
                  7.9.4    Financial Summary
                  7.9.5    SWOT Analysis
        7.10   Regal Beloit Corporation
                  7.10.1    Company Overview
                  7.10.2    Product Portfolio
                  7.10.3    Financials
                  7.10.4    Financial Summary
                  7.10.5    SWOT Analysis
        7.11   SEEPEX GmbH
                  7.11.1    Company Overview
                  7.11.2    Corporate Summary
                  7.11.3    Product Portfolio
                  7.11.4    SWOT Analysis
        7.12   Spirax-Sarco Engineering plc
                  7.12.1    Company Overview
                  7.12.2    Product Portfolio
                  7.12.3    Financials
                  7.12.4    Financial Summary
                  7.12.5    SWOT Analysis
        7.13   Sulzer Ltd
                  7.13.1    Company Overview
                  7.13.2    Product Portfolio
                  7.13.3    Financials
                  7.13.4    Financial Summary
                  7.13.5    SWOT Analysis
        7.14   Wilo SE
                  7.14.1    Company Overview
                  7.14.2    Product Portfolio
                  7.14.3    Financials
                  7.14.4    Financial Summary
                  7.14.5    SWOT Analysis
        7.15   Xylem, Inc.
                  7.15.1    Company Overview
                  7.15.2    Product Portfolio
                  7.15.3    Financials
                  7.15.4    Financial Summary
                  7.15.5    SWOT Analysis
        7.16   Yaskawa Electric Corporation
                   7.16.1    Company Overview
                   7.16.2    Product Portfolio
                   7.16.3    Financials
                   7.16.4    Financial Summary
                   7.16.5    SWOT Analysis

         8.1    Report Scope
         8.2    Global Smart & Intelligent Pumps Market Research Methodology
                  8.2.1    Assumptions
                  8.2.2    Limitations
                  8.2.3   Primary Data Sources
                  8.2.4   Secondary Data Sources
                  8.2.5    Data Triangulation
                  8.2.6    Market Estimation and Forecast

Table 1:     Comparative Analysis of Standard and Smart & Intelligent Pumps
Table 2:     Global Smart & Intelligent Pumps Market Key Findings, 2017 & 2023
Table 1.1:    Market Dynamics: Impact Analysis
Table 2.1:    List of Potential Entrants in the Smart & Intelligent Pumps Market
Table 4.1    Global Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 4.2    Intelligent Pumps- Comparison
Table 5.1:    Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 5.2:    Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
Table 6.1:    Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.2:    Asia-Pacific Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.3:    Asia-Pacific Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 6.4:    Asia-Pacific Smart & Intelligent Pumps Market (by Water & Wastewater Industry  Sub-Applications), $Million, 2017-2023
Table 6.5:    Asia-Pacific Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
Table 6.6:    China Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.7:    China Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.8:    Japan Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.9:    Japan Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.10:    India Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.11:    India Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.12:    Australia & New Zealand Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.13:    Australia & New Zealand Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.14:    South Korea Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.15:    South Korea Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.16:    Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.17:    Rest-of-Asia-Pacific Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.18:    Europe Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.19:    Europe Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.20:    Europe Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 6.21:    Europe Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
Table 6.22:    Europe Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
Table 6.23:    The U.K. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.24:    The U.K. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.25:    Germany Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.26:    Germany Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.27:    France Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.28:    France Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.29:    Italy Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.30:    Italy Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.31:    Russia Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.32:    Russia Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.33:    Rest-of-Europe Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.34:    Rest-of-Europe Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.35:    North America Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.36:    North America Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.37:    North America Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 6.38:    North America Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
Table 6.39:    North America Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
Table 6.40:    The U.S. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.41:    The U.S. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.42:    Canada Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.43:    Canada Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.44:    Mexico Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.45:    Mexico Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.46:    MEA Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.47:    MEA Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.48:    MEA Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 6.49:    MEA Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
Table 6.50    MEA Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
Table 6.51:    The U.A.E. Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.52:    The U.A.E. Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.53:    Saudi Arabia Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.54:    Saudi Arabia Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.55:    South Africa Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.56:    South Africa Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.57:    Iran Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.58:    Iran Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.59:    Rest-of-MEA Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.60:    Rest-of-MEA Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.61:    South America Smart & Intelligent Pumps Market (by Pump Type), $Million,  2017-2023
Table 6.62:    South America Smart & Intelligent Pumps Market (by Application), $Million,  2017-2023
Table 6.63:    South America Smart & Intelligent Pumps Market (by Oil & Gas Industry Sub-Applications), $Million, 2017-2023
Table 6.64:    South America Smart & Intelligent Pumps Market (by Water & Wastewater Industry Sub-Applications), $Million, 2017-2023
Table 6.65:    South America Smart & Intelligent Pumps Market (by Country), $Million, 2017-2023
Table 6.66:    Brazil Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.67:    Brazil Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.68:    Colombia Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.69:    Colombia Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.70:    Argentina Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.71:    Argentina Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023
Table 6.72:    Rest-of-South-America Smart & Intelligent Pumps Market (by Pump Type), $Million, 2017-2023
Table 6.73:    Rest-of-South-America Smart & Intelligent Pumps Market (by Application), $Million, 2017-2023

Figure 1:    Global Smart & Intelligent Pumps Market Snapshot, 2017-2023
Figure 2:    Global Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 3:    Global Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 4:    Global Smart & Intelligent Pumps Market Attractiveness Analysis (by Region), 2017-2023
Figure 5:    Global Smart & Intelligent Pumps Market Concentration, 2017
Figure 1.1:    Market Dynamics
Figure 2.1:    Strategies Adopted by the Key Players
Figure 2.2:    Percentage Share of Strategies Adopted by the Market Players, January 2015-October 2018
Figure 2.3:    Product Launches by the Key Market Players, January 2015-October 2018
Figure 2.4:    Mergers & Acquisitions by the Key Market Players, January 2015- October 2018
Figure 2.5:    Business Expansion by the Key Market Players, January 2015- October 2018
Figure 2.6:    Partnerships, Collaborations, and Joint Ventures by the Key Market Players, January 2015- October 2018
Figure 2.7:    Others (Awards, Certifications, and Recognition by the Key Market Players, January 2015- October 2018
Figure 2.8:    Global Smart & Intelligent Pumps Market Share Analysis, 2017
Figure 2.9:    R&D Analysis of Leading Players, 2015-2017
Figure 2.10:    Global Smart & Intelligent Pumps Market Supply Chain Analysis
Figure 2.11:    Opportunity Analysis
Figure 3.1:    Global Smart & Intelligent Pumps Porter’s Five Forces Analysis
Figure 3.2:    Analyzing the Threat of New Entrants
Figure 3.3:    Analyzing the Bargaining Power of Buyer
Figure 3.4:    Analyzing the Bargaining Power of Suppliers
Figure 3.5:    Analyzing Threat from Substitutes
Figure 3.6:    Analyzing the Intensity of Competitive Rivalry
Figure 4.1:    Global Smart & Intelligent Pumps Market (by Pump Type)
Figure 4.2:    Global Smart & Intelligent Pumps Market, 2017-2023
Figure 4.3:    Global Smart & Intelligent Pumps Market Attractiveness Analysis (by Pump Type), 2017-2023
Figure 4.4:    Global Smart & Intelligent Pumps Market, by Centrifugal Pump Type, $Million, 2017-2023
Figure 4.5:    Global Smart & Intelligent Pumps Market, by Positive Displacement Pump Type, $Million, 2017-2023
Figure 5.1:    Global Smart & Intelligent Pumps Market (by Application)
Figure 5.2:    Crude Oil Production in Key Regions, 2015-2017
Figure 5.3:    Smart & Intelligent Pumps in Oil & Gas Industry, $Million, 2017-2023
Figure 5.4:    Smart & Intelligent Pumps in Water & Wastewater Industry, $Million, 2017-2023
Figure 5.5:    Smart & Intelligent Pumps in Power Industry, $Million, 2017-2023
Figure 5.6:    Smart & Intelligent Pumps in Chemicals Industry, $Million, 2017-2023
Figure 5.7:    Smart & Intelligent Pumps in General Industry, $Million, 2017-2023
Figure 6.1:    Global Smart & Intelligent Pumps Market – Regional Segmentation
Figure 6.2:    Asia-Pacific Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 6.3:    Asia-Pacific Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 6.4:    Asia-Pacific Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
Figure 6.5:    China Smart & Intelligent Pumps Market, 2017-2023
Figure 6.6:    Japan Smart & Intelligent Pumps Market, 2017-2023
Figure 6.7:    India Smart & Intelligent Pumps Market, 2017-2023
Figure 6.8:    Australia & New Zealand Smart & Intelligent Pumps Market, 2017-2023
Figure 6.9:    South Korea Smart & Intelligent Pumps Market, 2017-2023
Figure 6.10:    Rest-of-Asia-Pacific Smart & Intelligent Pumps Market, 2017-2023
Figure 6.11:    Europe Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 6.12:    Europe Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 6.13:    Europe Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
Figure 6.14:    The U.K. Smart & Intelligent Pumps Market, 2017-2023
Figure 6.15:    Germany Smart & Intelligent Pumps Market, 2017-2023
Figure 6.16:    France Smart & Intelligent Pumps Market, 2017-2023
Figure 6.17:    Italy Smart & Intelligent Pumps Market, 2017-2023
Figure 6.18:    Russia Smart & Intelligent Pumps Market, 2017-2023
Figure 6.19:    Rest-of-Europe Smart & Intelligent Pumps Market, 2017-2023
Figure 6.20:    North America Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 6.21:    North America Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 6.22:    North America Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
Figure 6.23:    The U.S. Smart & Intelligent Pumps Market, 2017-2023
Figure 6.24:    Canada Smart & Intelligent Pumps Market, 2017-2023
Figure 6.25:    Mexico Smart & Intelligent Pumps Market, 2017-2023
Figure 6.26:    MEA Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 6.27:    MEA Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 6.28:    MEA Smart & Intelligent Pumps Market (by Country), Market Share Analysis,  2017 & 2023
Figure 6.29:    The U.A.E. Smart & Intelligent Pumps Market, 2017-2023
Figure 6.30:    Saudi Arabia Smart & Intelligent Pumps Market, 2017-2023
Figure 6.31:    South Africa Smart & Intelligent Pumps Market, 2017-2023
Figure 6.32:    Iran Smart & Intelligent Pumps Market, 2017-2023
Figure 6.33:    Rest-of-MEA Smart & Intelligent Pumps Market, 2017-2023
Figure 6.34:    South America Smart & Intelligent Pumps Market (by Pump Type), 2017 & 2023
Figure 6.35:    South America Smart & Intelligent Pumps Market (by Application), 2017 & 2023
Figure 6.36:    South America Smart & Intelligent Pumps Market (by Country), Market Share Analysis, 2017 & 2023
Figure 6.37:    Brazil Smart & Intelligent Pumps Market, 2017-2023
Figure 6.38:    Colombia Smart & Intelligent Pumps Market, 2017-2023
Figure 6.39:    Argentina Smart & Intelligent Pumps Market, 2017-2023
Figure 6.40:    Rest-of-South-America Smart & Intelligent Pumps Market, 2017-2023
Figure 7.1:    Share of Key Players
Figure 7.2:    Colfax Corporation: Product Portfolio
Figure 7.3:    Colfax Corporation: Overall Financials, 2015-2017
Figure 7.4:    Colfax Corporation: Net Revenue (by Business Segments), 2015-2017
Figure 7.5:    Colfax Corporation: SWOT Analysis
Figure 7.6:    Flowserve Corporation: Product Portfolio
Figure 7.7:    Flowserve Corporation: Overall Financials, 2015-2017
Figure 7.8:    Flowserve Corporation: Net Revenue (by Business Segments), 2015-2017
Figure 7.9:    Flowserve Corporation: Net Revenue (by Region), 2015-2017
Figure 7.10:    Flowserve Corporation: SWOT Analysis
Figure 7.11:    Grundfos Holding A/S: Product Portfolio
Figure 7.12:    Grundfos Holding A/S: Overall Financials, 2015-2017
Figure 7.13:    Grundfos Holding A/S: Net Revenue (by Region), 2015-2017
Figure 7.14:    Grundfos Holding A/S: SWOT Analysis
Figure 7.15:    GRUNWL: Product Portfolio
Figure 7.16:    GRUNWL: SWOT Analysis
Figure 7.17:    ITT, Inc.: Product Portfolio
Figure 7.18:    ITT, Inc.: Overall Financials, 2015-2017
Figure 7.19:    ITT, Inc.: Net Revenue (by Business Segments), 2015-2017
Figure 7.20:    ITT, Inc.: Net Revenue (by Region), 2015-2017
Figure 7.21:    ITT, Inc.: SWOT Analysis
Figure 7.22:    Kirloskar Group: Product Portfolio
Figure 7.23:    Kirloskar Group: Overall Financials, 2015-2017
Figure 7.24:    Kirloskar Group: SWOT Analysis
Figure 7.25:    KSB Group: Product Portfolio
Figure 7.26:    KSB Group: Overall Financials, 2015-2017
Figure 7.27:    KSB Group: Net Revenue (by Business Segment), 2015-2017
Figure 7.28:    KSB Group: SWOT Analysis
Figure 7.29:    Pentair plc: Product Portfolio
Figure 7.30:    Pentair plc: Overall Financials, 2015-2017
Figure 7.31:    Pentair plc: Net Revenue (by Business Segments), 2015-2017
Figure 7.32:    Pentair plc: Net Revenue (by Region), 2015-2017
Figure 7.33:    Pentair plc: SWOT Analysis
Figure 7.34:    Regal Beloit Corporation: Product Portfolio
Figure 7.35:    Regal Beloit Corporation: Overall Financials, 2015-2017
Figure 7.36:    Regal Beloit Corporation: Net Revenue (by Business Segments), 2015-2017
Figure 7.37:    Regal Beloit Corporation: SWOT Analysis
Figure 7.38:    SEEPEX GmbH: Product Portfolio
Figure 7.39:    SEEPEX GmbH: SWOT Analysis
Figure 7.40:    Spirax-Sarco Engineering plc: Product Portfolio
Figure 7.41:    Spirax-Sarco Engineering plc: Overall Financials, 2015-2017
Figure 7.42:    Spirax-Sarco Engineering plc: Net Revenue (by Region), 2015-2017
Figure 7.43:    Spirax-Sarco Engineering plc: SWOT Analysis
Figure 7.44:    Sulzer Ltd: Product Portfolio
Figure 7.45:    Sulzer Ltd: Overall Financials, 2015-2017
Figure 7.46:    Sulzer Ltd: Net Revenue (by Business Segments), 2016-2017
Figure 7.47:    Sulzer Ltd: Net Revenue (by Region), 2016-2017
Figure 7.48:    Sulzer Ltd: SWOT Analysis
Figure 7.49:    Wilo SE: Product Portfolio
Figure 7.50:    Wilo SE: Overall Financials, 2015-2017
Figure 7.51:    Wilo SE: Net Revenue (by Business Segments), 2016-2017
Figure 7.52:    Wilo SE: Net Revenue (by Region), 2016-2017
Figure 7.53:    Wilo SE: SWOT Analysis
Figure 7.54:    Xylem, Inc.: Product Portfolio
Figure 7.55:    Xylem, Inc.: Overall Financials, 2015-2017
Figure 7.56:    Xylem, Inc.: Net Revenue (by Business Segments), 2015-2017
Figure 7.57:    Xylem, Inc.: Net Revenue (by Region), 2015-2017
Figure 7.58:    Xylem, Inc.: SWOT Analysis
Figure 7.59:    Yaskawa Electric Corporation: Product Portfolio
Figure 7.60:    Yaskawa Electric Corporation: Overall Financials, 2015-2017
Figure 7.61:    Yaskawa Electric Corporation: Net Revenue (by Business Segments), 2015-2017
Figure 7.62:    Yaskawa Electric Corporation: Net Revenue (by Region), 2015-2017
Figure 7.63:    Yaskawa Electric Corporation: SWOT Analysis
Figure 8.1:    Global Smart & Intelligent Pumps Market Scope
Figure 8.2:    Report Design
Figure 8.3:    Primary Interviews (by Player, Designation, and Region)
Figure 8.4:    Sources of Secondary Research
Figure 8.5:    Data Triangulation
Figure 8.6:    Top-Down & Bottom-Up Approach

Report Description

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. Monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions, with the advent of variable frequency speed drives.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Centrifugal and positive displacement pumps are some of the smart & intelligent pumps widely used across various end-user applications. The global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. Pumps in the oil & gas industry are used for chemical transfers, injection tasks, and stream stripping, among others. The need for intelligent pumping systems in the oil & gas industry arises due to strict regulations regarding environmental regulations for energy consumption and pollution. The oil & gas industry is the largest consumer of intelligent pumping systems.

The global smart & intelligent pumps market is expected to grow at a CAGR of 6.68% 2018 and 2023 in terms of value.

The report is a compilation of the different segments of the global smart & intelligent pumps market, including market breakdown by pump type, application, and geographical areas. Herein the revenue generated from the pump type (centrifugal pump and positive displacement pump), application (oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry),and geographies (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) are tracked to calculate the overall market size in terms of value ($million). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global smart & intelligent pumps market. The report also includes sections on the key participants involved in the industry.

The report further includes a thorough analysis of the impact of the Porter’s Five Forces to understand the overall attractiveness of the industry. The most commonly-used strategy for developing a better hold on the market has been partnerships, collaborations, and joint ventures. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual restraining and driving forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the global smart & intelligent pumps market and draws upon insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 16 companies with their financial analysis, SWOT, and product portfolio.

The company profiles in the report include KSB Group, Colfax Corporation, Pentair plc, Spirax-Sparco Engineering plc, Grundfos Holding A/S, Kirloskar Group, Yaskawa Electric Corporation, SEEPEX GmbH, GRUNWL, Sulzer Ltd., Xylem, Inc., ITT, Inc., Flowserve Corporation, Wilo SE, and Regal Beloit Corporation.

Key Questions Answered in this Report

Key questions answered in the report:

•    What was the size in terms of value ($million) of the smart & intelligent pumps market in 2017, and what will be the growth rate during the forecast period 2018-2023?
•    What will be the market size of different types of pumps (by value) and their growth rate during the forecast period 2018-2023?
•    What will be the market size of different applications of smart & intelligent pumps market (by value) and their growth rate during the forecast period 2018-2023?
•    What will be the market size for different regions and countries in terms of value in the smart & intelligent pumps market and their growth rate in the forecast period 2018-2023?
•    What are the major driving forces that tend to increase the demand for smart & intelligent pumps in various end-user industries during the forecast period?
•    What are the major challenges inhibiting the growth of the global smart & intelligent pumps market?
•    What are the competitive strengths of key players in the global smart & intelligent pumps based on the market share analysis?
•    Who are the key players (along with their detailed analysis and profiles including their financials, company snapshots, key products & services, and SWOT analysis) in the market?

Market Overview

Pumps are employed for numerous processes across different end users and play an integral part in a number of functionalities. Globalization has led to more opportunities for expanding the supply chain and has also reduced the manufacturing costs. With the advent of variable frequency speed drives, monitoring controls and digitization now provide more efficiency and energy-saving through intelligent pumping solutions.

Not only energy efficiency but also system efficiency is looked upon as an important criterion when selecting between standard systems and intelligent pump systems. Intelligent pumps have the potential to not only decrease the operating costs but also reduce the plant downtime.

Although smart & intelligent pumps offer potential benefits, they have not garnered much wider adoption. The reason behind this is reluctance to shift from the conventional pumping systems to the new smart & intelligent pumps. The cultural change is the most challenging aspect for the adoption of smart & intelligent pumps. Industries such as the oil & gas are conservative in their approach. However, it is anticipated that the potential benefits of smart & intelligent pumps will bring about a change in the market.

High costs of energy are forcing the end users to think of more innovative ways to control costs. In pumping frameworks, energy costs represent more than 33% of aggregate lifecycle costs. As a consequence of the high energy requirement by conventional pumps, the energy-efficient nature of smart & intelligent pumps will be a major factor for its market development. Assessment credits and government mandates focusing on energy-efficient projects are additionally anticipated to impact the development of smart & intelligent pumps positively.

The global smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017 and is expected to reach $XX million by 2023, expanding at a CAGR of XX% from 2018 to 2023. The growth of the market can be attributed to an increasing need from various end users for energy efficiency.

Some of the factors driving the growth of the global smart & intelligent pumps market are the strict government regulations for enforcing energy efficiency, operational flexibility offered by these pumps, and demand from various industries to reduce the operational costs.

Strong emphasis from the government on saving energy costs has led to an increased pressure on companies on finding efficient ways for energy utilization. The reduction in energy consumption not only brings the input costs down but also helps in lowering carbon dioxide emissions. Energy efficiency is becoming an important matter of concern, leading to a growing need for introducing energy-efficient products in the market. Intelligent pumping systems contribute to 70% of the energy savings as compared to the energy saving contributed by conventional pumping systems.

In 2017, centrifugal pumps segment dominated the global smart & intelligent pumps market with a market share of XX%, accounting for a market size of $XX million. The segment is expected to account for a market size of $2,605.4 million by the end of 2023, expanding at a CAGR of XX%. The growth of the centrifugal pumps segment can be attributed to the easy maintenance of these pumps, thus rendering an economical advantage.

The positive displacement pumps segment accounted for a market size of $99.7 million in 2017 and is expected to account for a market size of $XX million by the end of 2023. Positive displacement pumps are used for very specific applications which make them less preferred as comparison to centrifugal pumps.

Water & wastewater application is expected to show the fastest growth during the forecast period

Global smart & intelligent pumps market in terms of application is segmented into oil & gas industry, water & wastewater industry, power industry, chemical industry, and general industry. The oil & gas industry segment accounted for a market value of $658.7 million in 2017 and is expected to reach $XX million by the end of 2023, growing at a CAGR of XX% during the forecast period. The oil & gas industry has a high demand for intelligent pumping solutions, as these pumps enable easy monitoring of remote locations, thus cutting down on costs. The water & wastewater industry contributed to XX% of the total intelligent pumps revenue in 2017. The key driving factor of intelligent pumps across the water and the wastewater industry is the demand for automated systems that can monitor the quality of water.

The Asia-Pacific region accounted for the largest market revenue share of XX% in 2017. The growth of the intelligent pumps in the region can be attributed to a well-established industrial base. The smart & intelligent pumps market in the region is driven by huge investments in industries such as water, wastewater, and related processing. Increasing investments for water treatment and rapid development of the oil & gas industry are expected to propel the demand for intelligent pumps in the Asia-Pacific region.

Apart from Asia-Pacific, the Europe region is witnessing a fuelling demand for intelligent pumps due to the changing legislation. With end users under strain to comply with the strict government policies, the emphasis is progressively on gaining more versatile and advanced pumps that can decrease vitality costs and in addition address the issues of cavitation and dead heading.

The only challenge faced by the intelligent pumps manufacturers in the Europe region is to educate the end users about the potential benefits of intelligent pumps and their application that can bring about a change in their system process.

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