The global digital pump controller market size is expected to around USD 13.57 billion by 2026, the market is projected to grow with 6.3% CAGR during the forecast time frame. The rise in the installation of water pumps across all regions is expected to bolster the global Digital pump controller market growth.
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The rapid technological advancement in the electronics industry is expected to drive the growth of the digital pump controller market. Rise in the usage of solar water pumps, especially in agriculture and irrigation, is boosting the demand for the digital pump controllers across the globe. The digital pump controllers remove the need for manual switching of pumps by installing automated technologies. Moreover, the digital pump controllers use electrical sensors that offer accurate data than inflated sensors that are used in traditional pump controllers. Additionally, digital pump controllers offer anevidentcontroller that enables users to efficiently manage the device performance. Also, it can be easily integrated with an automated system. Also, the digital pump controllers are operated remotely via mobile devices or remote control. Furthermore, they can be operated by radio frequency, application and SCADA systems. Thus, various features such as quick set up and ease of accessibility are the factors projected to boost the demand of the digital pump controller market in the coming years. The digital pump controllers also assist in reduced energy consumption by using innovative pump solutions. Moreover, the strict government regulations concerning the effective use of water, energy, and equipment which consumes less energy and reduces environmental pollution are expected to drive the adoption of digital pump controllers in the near future. But, the lack of awareness and mechanical challenges are the restraining factors that can have an adverse effect on the global digital pump controller market. Some of the key manufacturers in the global digital pump controller are focusing on continuous product launch strategy in order to expand their product portfolio and expand their business geographically. Furthermore, companies are also investing in digital pump controller equipment with an objective to offer high-quality products.
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-segment into 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 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 the region the global digital pump controller market is segmented Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
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The Asia Pacific region is expected to dominate the global digital pump controller market followed by Europe and North America region. The dominance of the Asia Pacific region is estimated due to the major contribution by the developing countries such as China, India, and Japan. The digital pump controller market in the Asia Pacific region is mostly driven by the increasing adoption of innovative technologies and solar water pumps due to the rise in a number of government regulations and energy crisis concerns that enables digital pump controller manufacturers to develop energy efficient pump products. The digital pump controllers have vast potential in the developing countries of Asia Pacific due to the growing demand for energy conservation.
Some of the prominent players in the digital pump controller market include C&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 are continuously investing in research and development activities to manufacture innovative pump controllers using digital technologies to automate the operations.The major players have commenced strategic initiatives by forming a partnership,merger, and acquisition in order to sustain in the competitive market. Further, changing customers’ needs are encouraging the key players to develop an innovative technology solution to cater best to the market.
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