Global Intelligent Pump Market
Intelligent Pump Market Size And Forecast
Intelligent Pump Market was valued at USD 773.46 million in 2019 and is projected to reach USD 1322.57 million by 2027, growing at a CAGR of 7.48% from 2020 to 2027.
Global Intelligent Pump Market Overview
With Industrial Internet of Things (IIoT) growing in prominence within the industrial automation community, pump manufacturers are understanding the opportunities that could drive profit in the pump market. The incorporation of technology in the pump market is providing pump manufacturers the ability to innovate and provide all pump solutions, in contrast to only a few components. Moreover, Government economic stimulus packages as well as tax credits that are targeting infrastructure projects, including water & wastewater and energy efficiency projects, are also expected to have a positive impact on the growth of intelligent pumps.
Global Intelligent Pump Market Segmentation
The intelligent pump market is segmented on the basis of the component, pump type, application, and geography.
Intelligent Pump Market Competitive Landscape
The “Global Intelligent Pump Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Xylem, Inc., Sulzer Ltd., Flowserve Corporation, and ITT Corporation.
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