Southeast Asia Intelligent Pumps Market
Southeast Asia Intelligent Pumps Market Size By Component, By Pump Type, By End User, By Geographic Scope and Forecast
According to Verified Market Research, the Southeast Asia Intelligent Pumps Market was valued at USD 57.50 Million in 2018 and is expected to witness a growth of 6.88% from 2019-2026 and reach USD 96.62 Million by 2026.
The intelligent pump is to automate the operations to match the head requirements of the system. This automation radically benefits the overall operation, in turn making the process more effective and efficient. The inclusion of advanced digital control in pump systems promotes these systems to the process control domain as intelligent pumps provide the ability to regulate and control flow or pressure. By integrating sensors to monitor a controlled variable, constant pump output can be maintained. Intelligent pumps allow the operator to program control values for a wide range of applications, allowing for optimum pump performance and protection in accordance with the application and requirement.
Increasing focus on energy efficiency and growth of IoT is expected to drive the market. The potential for energy savings for intelligent pumps is a compelling one. Intelligent pumps have the ability to improve process control through the reduction of process variability. Energy efficiency in terms of intelligent pumps involves the knowledge that variable speed drives (VFDs) can save up to 30% energy in comparison to conventional pumps. When intelligent pumps are monitored by end-users, the operating performance of the pumps are able to be benchmarked, allowing then owners/operators to have a baseline for the optimal performance and ‘normal’ energy usage that specific to that owner’s application for intelligent pumps. This allows for an increased amount of energy efficiency as the monitoring of the intelligent pump allows users or operators to gauge an understanding of the standard energy usage that is required for their specific application.
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