Intelligent Pump Market Future Scope, Competitive
Analysis and Revenue till 2021
The report "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", The intelligent pump market is expected to grow from an estimated USD 613.7 Million in
2016 to USD 880.0 Million by 2021, registering a CAGR of 7.5% from 2016 to 2021. The global
market is set to witness significant growth, due to the focus on the water & wastewater treatment
sector, the growth of building automation sector in Europe and North America, and the growing
demand for digital oil fields.
Browse 65 market data tables and 53 figures spread through 154 pages and in-depth TOC
on “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”
https://www.marketsandmarkets.com/Market-Reports/intelligent-pump-market-231268027.html
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The building automation segment is expected to hold the largest share of the intelligent
pump market, by end-user, during the forecast period
The building automation segment led the intelligent pump market in 2015, and is projected to
dominate the market during the forecast period. This segment is primarily driven by growing
market for smart cities, strict energy-efficiency standards in developed countries, and
government initiatives on energy conservation, and is expected to create new revenue pockets
for the intelligent pump market during the forecast period.
Centrifugal to be the fastest growing segment in the intelligent pump market
With regard to the type segment, centrifugal pumps with intelligent systems are expected to
constitute the fastest growing market from 2016 to 2021. These pumps are used in building
automation for HVAC systems and water systems. In the water & wastewater treatment sector, it
is used for processing drinking water, reverse osmosis process, and machine tool lubrication.