Intelligent Pump Market to Exhibit a CAGR of 7.4% from 2021 to 2028; Rising Collaborative Efforts Between Dominant Players and Increasing Fluid Control Features to Assist Growth: Fortune Business Insights™

In This Article:

Fortune Business Insights
Fortune Business Insights

Companies in the Intelligent Pump Market are ITT Corporation, Xylem, KSB Aktiengesellschaft, Flowserve Corporation, Wilo SE, ABB, Grundfos Holding, Sulzar, Colfax Corporation, Regal Beloit, Wanner International, Kirloskar.

Pune, India, March 22, 2022 (GLOBE NEWSWIRE) -- The Intelligent Pump Market size was USD 0.78 billion in 2020. The market is projected to grow from USD 0.80 billion in 2021 to USD 1.32 billion in 2028 at a CAGR of 7.4% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Intelligent Pump Market, 2021-2028.” Attributes such as monitoring, energy management, and remote-control applications along with additional fluid control features and improved energy efficiency will boost the growth of the market during the forecast period. Additionally, an increasing number of mergers & acquisitions and rising focus on digitalization will increase the footprint of the market.

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Companies Operating in Intelligent Pump Market Report:

  • ITT Corporation (U.S.)

  • Xylem (U.S.)

  • KSB Aktiengesellschaft (Germany)

  • Flowserve Corporation (U.S.)

  • Wilo SE (Germany)

  • ABB (Switzerland)

  • Grundfos Holding (Denmark)

  • Sulzar (Switzerland)

  • Colfax Corporation (U.S.)

  • Regal Beloit (U.S.)

  • Wanner International (U.K.)

  • Kirloskar (India)

Intelligent Pump Market Report Scope & Segmentation

Report Coverage

Details

Forecast Period

2021 to 2028

Forecast Period 2021 to 2028 CAGR

7.4%

2028 Value Projection

USD 1.32 Billion

Base Year

2020

Market Size in 2020

USD 0.78 Billion

Historical Data for

2017 to 2019

No. of Pages

180

Segments covered

Type, End-User, and Region

Intelligent Pump Market Growth Drivers

Continuous Development, Increased R&D and Rising Number of Smart Cities to Augment Growth

Europe to Hold Dominance During Forecast Due to Increasing Demand for Smart Water Systems

Dominant Players to Secure Market Position by Introducing Novel Products


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COVID-19 Impact

Delay of New Projects, Disruptive Supply Chains, & Faltering Transport Sector to Limit Market During Pandemic

The COVID-19 pandemic led to heavy disruption in the sector of intelligent pump due to disruptions in supply chains, unavailability of investment within consumers, shutdown of various business practices worldwide, and others. Additionally, lockdowns and restrictions on the movement of people were imposed by various government bodies along with social distancing norms. A faltered transport system and volatility in raw material pricing further decreased the value of the market during the forecast period. However, the implementation of smart city projects for meeting the latest carbon emission projects will help the market toward a revival phase.