Smart Pumps Market Revenue was valued at USD 5.23 Billion in 2024 and is estimated to reach USD 9.57 Billion by 2033, growing at a CAGR of 7.25% from 2026 to 2033.
In 2022, the global smart pumps market was valued at approximately USD 947.6 million. The market experienced a compound annual growth rate (CAGR) of 5.7% from 2018 to 2022. Regionally, the United States accounted for 24% of the global market share in 2022. In Europe, Germany held nearly 20% of the regional market share. In the Asia Pacific region, China represented 66% of the East Asia market share, while Indias market is projected to grow at a CAGR of 9.3% by 2033. Japans market held a 3.9% share in 2023, and Australias market accounted for 0.6% in the same year. The United Kingdoms market is expected to expand with a CAGR of 6.1% by 2033.
Opportunities in the smart pumps market are driven by increasing demand in smart cities, energy production, and wastewater treatment applications. The integration of sensors, Variable Frequency Drives (VFDs), and Internet of Things (IoT) capabilities allows smart pumps to control energy flow based on demand, reducing energy consumption and total cost of ownership. This technological advancement is particularly beneficial in industries such as oil and gas, where monitoring and adjusting operations can lead to improved efficiency and increased global demand. Additionally, as more organizations adopt automation, the utilization of smart pumps across various industries is expected to rise, further contributing to market growth.
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Grundfos
ITT
Sulzer
Flowserve
Xylem
Colfax
Kirloskar Brothers
Regal Beloit
KSB Aktiengesellschaft
Seepex
Wilo SE
Yaskawa Electric
Grunwl
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Smart Pumps Market
Centrifugal Pumps
Positive Displacement Pumps
Water and Wastewater Treatment
Oil and Gas
Chemical and Petrochemical
Power Generation
Food and Beverage
Pharmaceuticals
Industrial
Agriculture
Commercial
Residential
Variable Frequency Drive (VFD) Pumps
Smart Sensors Integrated Pumps
Motor
Controller
Sensor
Drive
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Smart Pumps Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Smart Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Smart Pumps Market, By Type
6. Global Smart Pumps Market, By Application
7. Global Smart Pumps Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Smart Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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