PUBLISHER: TechNavio | PRODUCT CODE: 1400410
PUBLISHER: TechNavio | PRODUCT CODE: 1400410
The intelligent pump and control systems market is forecasted to grow by USD 764.6 mn during 2023-2028, accelerating at a CAGR of 7.8% during the forecast period. The report on the intelligent pump and control systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by efficiency in terms of motor functionality, the need for proper monitoring and flow control in end-user industries, and cost and energy savings for industries.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.9% |
CAGR | 7.8% |
Incremental Value | $764.6mn |
Technavio's intelligent pump and control systems market is segmented as below:
By Component
By Type
By End-user
By Geography
This study identifies the wireless control and monitoring in intelligent pumps as one of the prime reasons driving the intelligent pump and control systems market growth during the next few years. Also, the role of IIoT and BDA in industrial automation and remote condition monitoring systems in intelligent pumps will lead to sizable demand in the market.
The report on the intelligent pump and control systems market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent pump and control systems market vendors that include ABB Ltd., Alfa Laval AB, CIRCOR International Inc., Dana SAC UK Ltd, Flowserve Corp., Grundfos Holding AS, HNP MIKROSYSTEME GMBH, ITT PRO Services, Ketek Group, Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Liberty Pumps, Nidec Corp., Robert Bosch GmbH, S.A. Armstrong Ltd., Sulzer Management Ltd., Unico LLC, Wanner Engineering Inc, Xylem Inc., and Yaskawa Electric Corp.. Also, the intelligent pump and control systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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