Intelligent Pump Market by Pump Type (Centrifugal & Positive Displacement), Component (Pumps, Variable Drives, & Control Systems), End-User (Building Automation, Water & Wastewater, Oil & Gas, Chemicals, & Power Generation) - Global Forecast to 2021
[154 Pages Report] The global intelligent pump market was valued at USD 573.2 Million in 2015, and is expected to grow at a CAGR of 7.5% from 2016 to 2021. Strict energy-efficiency standards in developed nation, growth in Industrial Internet of Things (IIoT) and economic benefits of intelligent systems, focus on smart water & wastewater systems, increasing power generation capacities across the globe, and significant investments in non-oil & gas sectors in the Middle East and North Africa (MENA) are the major factors driving the intelligent pump market.
The years considered for the study are as follows:
- Base Year: 2015
- Estimated Year: 2016
- Projected Year: 2021
- Forecast Period: 20162021
2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the global market by pump type, component, end-user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global intelligent pump market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.
- Study of annual revenue and market developments of major players providing intelligent pumps
- Analysis of major applications of and demand for intelligent pumps from end-users
- Assessment of future trends and growth of end-users
- Assessment of the market with respect to the type of intelligent pumps used for different applications
- Analysis of market trends in various regions/countries by studying the application of intelligent pumps in the building automation, water & wastewater, oil & gas, chemicals, and power generation
- Study of contracts & developments related to intelligent pumps by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing intelligent pumps across the globe
After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
The ecosystem of the global intelligent pump market starts with the manufacturing of basic components, such as communication system equipment and power electronic devices. The manufactured parts are then assembled to pumps by the OEM to form intelligent pump, which are then tested. This stage is followed by the distribution stage, following which, the product is provided to the end-users.
Target Audience:
The target audience of this report includes:
- Government and Industry Associations
- Intelligent pump Manufacturing Companies
- Investment and Consulting Firms
- Process and Manufacturing Plants
- State and National Regulatory Authorities
- State- or Government-Owned Corporations
- Water Distribution Utilities
- Water Industry Forum
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- By Pump Type
- Centrifugal
- Positive Displacement
- By Component
- Pumps
- Variable Drives
- Control Systems
- By End-User
- Building Automation
- Water & Wastewater
- Oil & Gas
- Chemicals
- Power Generation
- Others
- By Region
- North America
- Asia-Pacific
- Middle East & Africa
- South America
- Europe
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region/country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (Up to 5)
The global intelligent pump market is projected to grow at a CAGR of 7.5% from 2016 to 2021, to reach a market size of USD 880.0 Million by 2021. This growth is attributed to the strict energy-efficiency standards in developed countries and growth in Industrial Internet of Things (IIoT).
The report segments the intelligent pump market by pump type into positive displacement and centrifugal. The centrifugal segment is projected to dominate the market. This is because centrifugal pumps require much use of control systems in high-viscosity and variable pressure conditions.
The intelligent pump market has been segmented by component type into pumps, variable drives, and control systems. The control systems segment accounted for the largest market share in 2015. These intelligent pumps are being increasingly adopted due to their energy-efficient application in various industries.
The report segments the market by end-user into building automation, water & wastewater, oil & gas, chemicals, power generation, and others. The water & wastewater segment is expected to grow at the fastest rate during the forecast period. Development of smart cities and strict energy-efficiency standards will likely to drive the overall water & wastewater segment, which is expected to create new revenue pockets for the market during the forecast period.
In this report, the market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America and Middle East & Africa. Europe is expected to dominate the global market during the forecast period, owing to the growing demand for building automation and smart water systems, among others.
The Asia-Pacific market is projected to grow at the highest CAGR from 2016 to 2021. The region is the largest market for the construction sector. The growth of the manufacturing sector, especially in Southeast Asian countries, coupled with an increase in power generation capacity and development of smart cities in India, is expected to drive the intelligent pump market in the region.
High capital cost of intelligent pump systems could be a restraint of the intelligent pump market, leading to declining profits. In addition, intelligent pumps offer better pumping solution for the mining industry as it is more efficient and requires less human intervention; its slowdown has hindered the growth of the market.
Leading players in the intelligent pump market include Xylem, Inc. (U.S.), ITT Corporation (U.S.), Grundfos Holding A/S (Denmark), Sulzer Ltd. (Switzerland), and Flowserve Corporation (U.S.). Expansion was the strategy most commonly adopted by the top players, constituting 30% of the total developments from 2013 to 2016. It was followed by contracts & agreements, mergers & acquisitions, and new product developments.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Countries Covered
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
3.1 Introduction
3.2 Historical Backdrop & Evolution
3.3 Technology Overview
3.4 Current Scenario
3.5 Future Outlook
3.6 Conclusion
4 Premium Insights (Page No. - 32)
4.1 Global Intelligent Pumps Market: Regional Growth Rate (20162021)
4.2 Market, By End-User
4.3 Europe: Market
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Pump Type
5.2.2 By Component
5.2.3 By End-User
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Focus on Energy Efficiency
5.3.1.2 Growth in Iiot & Economic Benefits of Intelligent Systems
5.3.2 Restraints
5.3.2.1 High Capital Cost
5.3.3 Opportunities
5.3.3.1 Robust Growth in Hvac Systems
5.3.3.2 Developments in Digital Oilfields
5.3.3.3 Upcoming Smart Cities
5.3.4 Challenges
5.3.4.1 Downturn in the Mining Industry
6 Market, By Pump Type (Page No. - 46)
6.1 Introduction
6.2 Centrifugal Pumps
6.3 Positive Displacement Pumps
7 Market, By Component (Page No. - 50)
7.1 Introduction
7.2 Control System
7.3 Variable Drives
7.4 Pumps
8 Market, By End-User (Page No. - 55)
8.1 Introduction
8.2 Building Automation
8.3 Water & Wastewater
8.4 Oil & Gas
8.5 Chemicals
8.6 Power Generation
8.7 Other Industries
9 Global Market, By Region (Page No. - 63)
9.1 Introduction
9.2 Europe
9.2.1 By Pump Type
9.2.2 By Component
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 Germany
9.2.4.2 France
9.2.4.3 Italy
9.2.4.4 U.K.
9.2.4.5 Russia
9.2.4.6 Rest of Europe
9.3 North America
9.3.1 By Pump Type
9.3.2 By Component
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 U.S.
9.3.4.2 Canada
9.3.4.3 Mexico
9.4 APAC
9.4.1 By Pump Type
9.4.2 By Component
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 China
9.4.4.2 Australia
9.4.4.3 Japan
9.4.4.4 South Korea
9.4.4.5 India
9.4.4.6 Rest of APAC
9.5 Middle East & Africa
9.5.1 By Pump Type
9.5.2 By Component
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 UAE
9.5.4.3 Qatar
9.5.4.4 South Africa
9.5.4.5 Rest of the Middle East & Africa
9.6 South America
9.6.1 By Pump Type
9.6.2 By Component
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.2 Argentina
9.6.4.3 Venezuela
9.6.4.4 Rest of South America
9.7 Top Countries
10 Competitive Landscape (Page No. - 99)
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Contracts & Agreements
10.4 Expansions
10.5 New Product Developments
10.6 Mergers & Acquisitions
11 Company Profile (Page No. - 106)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
11.1 Introduction
11.2 Grundfos Holding A/S
11.3 Xylem, Inc.
11.4 Sulzer Ltd.
11.5 Flowserve Corporation
11.6 ITT Corporation
11.7 Colfax Corporation
11.8 Kirloskar Brothers Ltd.
11.9 Regal Beloit Corporation
11.10 KSB Aktiengesellschaft
11.11 Seepex GmbH
11.12 Wilo Se
11.13 Yaskawa Electric Corporation
11.14 Grunwl
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 146)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (65 Tables)
Table 1 Energy-Efficiency Measures
Table 2 Intelligent Pumps Market Size, By Pump Type, 20142021 (USD Million)
Table 3 Centrifugal Pumps: Global Market Size, By Region, 20142021 (USD Million)
Table 4 Positive Displacement Pumps: Global Market Size, By Region, 20142021 (USD Million)
Table 5 Intelligent Pumps Market Size, By Component, 20142021 (USD Million)
Table 6 Control System: Global Market Size, By Region, 20142021 (USD Million)
Table 7 Variable Drives: Global Market Size, By Region, 20142021 (USD Million)
Table 8 Pumps: Global Market Size, By Region, 20142021 (USD Million)
Table 9 Intelligent Pumps Market Size, By End-User, 20142021 (USD Million)
Table 10 Building Automation: Global Market Size, By Region, 20142021 (USD Million)
Table 11 Water & Wastewater: Global Market Size, By Region, 20142021 (USD Million)
Table 12 Oil & Gas : Global Market Size, By Region, 20142021 (USD Million)
Table 13 Chemicals: Global Market Size, By Region, 20142021 (USD Million)
Table 14 Power Generation : Global Market Size, By Region, 20142021 (USD Million)
Table 15 Other Industries: Global Market Size, By Region, 20142021 (USD Million)
Table 16 Global Market Size, By Region, 20142021 (USD Million)
Table 17 Europe: Market Size, By Pump Type, 20142021 (USD Million)
Table 18 Europe: Market Size, By Component, 20142021 (USD Million)
Table 19 Europe: Market Size, By End-User, 20142021 (USD Million)
Table 20 Europe: Market Size, By Country, 20142021 (USD Million)
Table 21 Germany: Market Size, By End-User, 20142021 (USD Million)
Table 22 France: Market Size, By End-User, 20142021 (USD Million)
Table 23 Italy: Market Size, By End-User, 20142021 (USD Million)
Table 24 U.K.: Market Size, By End-User, 20142021 (USD Million)
Table 25 Russia: Market Size, By End-User, 20142021 (USD Million)
Table 26 Rest of Europe: Market Size, By End-User, 20142021 (USD Million)
Table 27 North America: Market Size, By Pump Type, 20142021 (USD Million)
Table 28 North America: Market Size, By Component, 20142021 (USD Million)
Table 29 North America: Market Size, By End-User, 20142021 (USD Million)
Table 30 North America: Market Size, By Country, 20142021 (USD Million)
Table 31 U.S.: Market Size, By End-User, 20142021 (USD Million)
Table 32 Canada: Market Size, By End-User, 20142021 (USD Million)
Table 33 Mexico: Market Size, By End-User, 20142021 (USD Million)
Table 34 APAC: Market Size, By Pump Type, 20142021 (USD Million)
Table 35 APAC:Market Size, By Component, 20142021 (USD Million)
Table 36 APAC: Market Size, By End-User, 20142021 (USD Million)
Table 37 APAC: Market Size, By Country, 20142021 (USD Million)
Table 38 China: Market Size, By End-User, 20142021 (USD Million)
Table 39 Australia: Market Size, By End-User, 20142021 (USD Million)
Table 40 Japan: Market Size, By End-User, 20142021 (USD Million)
Table 41 South Korea: Market Size, By End-User, 20142021 (USD Million)
Table 42 India: Market Size, By End-User, 20142021 (USD Million)
Table 43 Rest of APAC: Market Size, By End-User, 20142021 (USD Million)
Table 44 Middle East & Africa: Market Size, By Pump Type, 20142021 (USD Million)
Table 45 Middle East & Africa: Market Size, By Component, 20142021 (USD Million)
Table 46 Middle East & Africa: Market Size, By End-User, 20142021 (USD Million)
Table 47 Middle East & Africa: Market Size, By Country, 20142021 (USD Million)
Table 48 Saudi Arabia: Market Size, By End-User, 20142021 (USD Million)
Table 49 UAE: Market Size, By End-User, 20142021 (USD Million)
Table 50 Qatar: Market Size, By End-User, 20142021 (USD Million)
Table 51 South Africa: Market Size, By End-User, 20142021 (USD Million)
Table 52 Rest of the Middle East & Africa: Market Size, By End-User, 20142021 (USD Million)
Table 53 South America: Market Size, By Pump Type, 20142021 (USD Million)
Table 54 South America: Market Size, By Component, 20142021 (USD Million)
Table 55 South America: Market Size, By End-User, 20142021 (USD Million)
Table 56 South America: Market Size, By Country, 20142021 (USD Million)
Table 57 Brazil: Market Size, By End-User, 20142021 (USD Million)
Table 58 Argentina: Market Size, By End-User, 20142021 (USD Million)
Table 59 Venezuela: Market Size, By End-User, 20142021 (USD Million)
Table 60 Rest of South America: Market Size, By End-User, 20142021 (USD Million)
Table 61 Intelligent Pumps Market Size, By Top Country of Each Region, 20142021 (USD Million)
Table 62 Contracts & Agreements, 2015
Table 63 Expansions, 2016
Table 64 New Product Developments, 20152016
Table 65 Mergers & Acquisitions, 20152016
List of Figures (53 Figures)
Figure 1 Intelligent Pump Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Europe Dominated the Global Market in 2015
Figure 7 APAC to Record Highest Growth in Global Market Between 2016-2021 (USD Million)
Figure 8 Centrifugal Pump to Hold Largest Share of Market, By Pump Type, Between 2016-2021 (USD Million)
Figure 9 Intelligent Pumps Market Size, By Component, 2016-2021 (USD Million)
Figure 10 Building Automation to Dominate Market, By End-User, Between 2016-2021 (USD Million)
Figure 11 Attractive Opportunities in Market, 20162021
Figure 12 APAC to Record Highest Growth in Global Market Between 2016-2021 (USD Million)
Figure 13 Building Automation Sector to Dominate Market By End-User, in 2021 (USD Million)
Figure 14 Europe Accounted for Largest Share of Global Market in 2015
Figure 15 Intelligent Pumps Market Segmentation
Figure 16 By Pump Type
Figure 17 By Component
Figure 18 By End-User
Figure 19 By Region
Figure 20 Focus on Energy Efficiency the Key Driver of Market
Figure 21 Motor Electricity Use By Type of System (U.S.)
Figure 22 Total Cost of Pump Ownership
Figure 23 Total Life Cycle Cost Savings: Conventional System vs Intelligent System (USD)
Figure 24 U.S. Residential & Commercial Buildings Total Energy End-Use (2015)
Figure 25 Gold and Copper Prices Trend, 20122015 (USD)
Figure 26 Centrifugal Pumps to Dominate Market, By Pump Type, in 2021
Figure 27 Control System Segment to Dominate Market, By Component, Between 2016-2021
Figure 28 Water & Wastewater Segment to Record Highest Growth in Market, By End-User, in 2021 (USD Million)
Figure 29 Global Market, By Region, 2015
Figure 30 India to Record Fastest Growth in Global Market, By Region, Between 2016-2021
Figure 31 Europe Market Snapshot, 2015
Figure 32 APAC Market Snapshot, 2015
Figure 33 Companies in Market Adopted Expansions as the Key Growth Strategy, 20132016
Figure 34 Global Pump Market Share Analysis, 2015
Figure 35 Intelligent Pumps Market Evaluation Framework
Figure 36 Battle for Market Share: Expansions Was the Key Strategy, 20132016
Figure 37 Regional Revenue Mix of Key Players in Global Market
Figure 38 Grundfos Holding A/S: Company Snapshot
Figure 39 Grundfos Holding A/S: SWOT Analysis
Figure 40 Xylem, Inc.: Company Snapshot
Figure 41 Xylem, Inc.: SWOT Analysis
Figure 42 Sulzer Ltd.: Company Snapshot
Figure 43 Sulzer Ltd.: SWOT Analysis
Figure 44 Flowserve Corporation: Company Snapshot
Figure 45 Flowserve Corporation: SWOT Analysis
Figure 46 ITT Corporation: Company Snapshot
Figure 47 ITT Corporation: SWOT Analysis
Figure 48 Colfax Corporation: Company Snapshot
Figure 49 Kirloskar Brothers Ltd.: Company Snapshot
Figure 50 Regal Beloit Corporation: Company Snapshot
Figure 51 KSB Aktiengesellschaft: Company Snapshot
Figure 52 Wilo Se: Company Snapshot
Figure 53 Yaskawa Electric Corporation: Company Snapshot
Growth opportunities and latent adjacency in Intelligent Pump Market