Intelligent Pumps Market to Reach a Value of US8.5 Mn By 2025Posted by pranav suryawanshi on September 25th, 2019 With a massive pool of small, medium, and large participants, the global intelligent pumps market demonstrates a highly fragmented business landscape. The market comprises of both, international and local players in large numbers, which intensify the competition within it. To sustain this competition, leading players are resorting to strategic alliances with smaller players. Goulds Pumps, Grundfos Holding A/S, QuantumFlo Inc., Alfa Laval, and Kirloskar Brothers Ltd. are some of the key participants in the global intelligent pumps market. According to a report by Transparency Market Research (TMR), the global intelligent pumps market is expected to report a CAGR of 6.40% during the period from 2017 and 2025. Progressing at this pace, this market is likely to reach US8.5 mn by 2025 from a value of US4.4 mn in 2016. The research report also offers a qualitative analysis of each of the regional markets for intelligent pumps. North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific have surfaced as the key regional segments of the global intelligent pumps market. Europe, among these, has acquired the leading position. The information Presented in this Review is Based on Press-Release by TMR
“The main factor that has been fueling the demand for intelligent pumps is their operational efficiency,” says a TMR analyst. By automating functions and the control of the pressure of the flow or water or other fluids, these pumps reduce the need for manual operations. They also provide real-time functional data of the pumping device, which assist in identifying faults and repair it in time to prevent equipment failure. To discover the roadmap for progress of your business, visit Eminent Advisors Like it? Share it! More by this author |