New York, US, June 28, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Intelligent Pumps Market Analysis by Type (Centrifugal, positive displacement), Component (Control system, Variable drives, Pumps), End-User (Building Automation, Waste & Wastewater, Power), and Region & Forecast till 2030” valuation is poised to reach USD 1.27 Billion by 2027, registering a 5.2% CAGR throughout the forecast period (2022–2030).
Intelligent Pumps Market Overview
The intelligent pumps market is estimated to witness steady growth in the next few years. Over the past couple of years, High energy prices have been compelling utility operators to be more creative in controlling costs. Normally, the pumping system costs more than one-third of overall energy generation expenses. Due to their energy-intensive nature, intelligent pumps allow significant savings in the energy generation process.
Intelligent Pumps Market Report Scope:
| Report Metric | Details |
| Market Size | USD 1.27 Billion (2027) |
| CAGR | 7.5% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Component and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Emerson (US), Xylem (US), ABB (Switzerland), Sulzer (Switzerland), Grundfos Holding… |
