A new ARC Advisory Group research report, Intelligent Pumps Global Market Research 2017-2022, reveals that pumps have outgrown their traditional role as the mechanical workhorses of manufacturing with the addition of digital technology and have entered the process control domain. In their new role, intelligent pumps have the potential to improve process control, enable better management of their health, and assist plants to improve energy efficiency.
“High energy prices are causing manufacturers to be more creative in their efforts to control costs. In pumping systems, energy accounts for more than one-third of total lifecycle costs. Because of the energy intensive nature of pump systems, the energy saving advantages of intelligent pumps will be a significant contributor to growth,” says Jyoti Prakash, Analyst, ARC Advisory Group and primary author of ARC’s Intelligent Pumps Global Market Research 2017-2022 report.
In the marketplace, the term intelligent pump is morphing to include embedded or attached sensors that collect data and transmit pump performance and/or process for predictive asset management purposes. The building automation industry has been the most accepting of intelligent pump technology perhaps due to the wide shifts in load requirement experienced in this sector.
About the Intelligent Pumps Market Research
This research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the intelligent pumps market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by system type, industry, region, application, and project type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
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Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
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Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.