Category : ICT | Published at : March-2019 | Delivery Format : PDF | Status: Published | Pages : 160
Introduction
The global digital pump controller market is projected worth $13.57 Billion by 2026 and the market is projected to showcase 6.3% CAGR during the forecast period. The market is driven by the rise in the usage of mobile devices.
Market Dynamics
Rise in the usage of solar water pumps, mainly in agriculture and irrigation, is boosting the demand for digital pump controllers across the globe. However, the lack of awareness and mechanical challenges are the factors restricting the growth of the global digital pump controller market. People living in rural areas are generally uneducated and lack inknowledge of operating electronic equipment such as pump controllers via mobile, app, or other systems. Thus, lack of awareness is one of the major challenge faced by the digital pump controllers market.
Market Insights
The rise in technological advancement coupled with sensors is expected to drive the growth of the digital pump controller market.Also, the rise in usage of connected devices such as smartphones, laptops and other devices is projected to fuel the demand of digital pump controllers in the global market.
Market Classification
The global digital pump controller market is segmented into connectivity, distribution channel, industry vertical, and region. On the basis of connectivity, the global digital pump controller market is segmented into convention pump controller and mobile/remote pump controller. On the basis of the distribution channel, the global digital pump controller market is segmented into online and retail. Retail is further sub-segmented into two i.e. company-owned and third-party. On the basis of industry vertical, the global digital pump controller market is segmented into manufacturing, public sector, agriculture and residential. Manufacturing sub-segment is further segmented into food and beverages, pharmaceuticals, oil and gas, textile and papers, chemicals, biotechnology, and constructions. The public sector is further segmented into pumping stations, water, and wastewater treatment. On the basis of region, the global digital pump controller market is segmented Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Based on industry vertical, the market has been divided into manufacturing, public sector, agriculture, and residential. The agriculture segment is expected to dominate the global digital pump controller market in the industry vertical segment This is mostly due to the surge in adoption of water pumps by farmers, mainly in the Asia Pacific region. The manufacturing segment has been further divided into food & beverage, biotechnology, oil & gas, textile & paper, pharmaceutical, chemicals, and construction.
Regional Insights
The market in the Asia Pacific is estimated to expand at a higher CAGR during the forecast period. In the Asia Pacific region, the demand for digital pump controllers is mainly driven by agriculture and water and wastewater treatment. The digital pump controller market in the Europe region is expected to grow significantly due to the increasing necessity to decrease the energy consumption of pump controllers. Also, the rising popularity of connected devices such as smartphones and other systems is projected to drive the demand of digital pump controller market. In Europe, factors such as augmented digitization, usage of mobile devices, and online browsing are some of the major factors expected to fuel the growth of the digital pump controller market.
Market Participants
The major players associated with the digital pump controller market include CC&S Electric Limited, Precision Digital Corporation, Sulzer Ltd., Kirloskar Brothers Limited, Dwyer Instruments, Inc., Grundfos, Valmont Industries, Inc. (Vally), Xylem Inc., and Spring (Europe) Ltd, Remote Control Technology, etc.
The key players in the global digital pump controllers market are aiming at forming partnerships with the established players in order to increase their market share by expanding their digital pump controller offerings in the developing nations.
Market Segmentation
Market By Connectivity
- Conventional Pump Controller
- Mobile/Remote Pump Controller
Market By Distribution Channel
- Online
- Retail
- Company-owned
- Third-party
Market by Industry Vertical
- Manufacturing
- Food & Beverage
- Pharmaceutical
- Oil & Gas
- Textile & Paper
- Chemicals
- Biotechnology
- Construction
- Public Sector
- Water & Wastewater Treatment
- Pumping Stations
- Agriculture
- Residential
Market By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
