Intelligent Pump Market Size and Growth Analysis Report
I ntelligent Pump Market is projected to reach USD 880.98 Million by 2023, growing at a CAGR of over 7% during 2018-2023 owing to strict energy-efficiency standards, growing technological advancements, development of smart cities, growing demand for building automation and increasing power generation capacity globally. Based on component, the intelligent pump market has been segmented into pumps, variable drives and control systems. In 2017, control systems segment accounted for the largest market share due to their energy-efficient application in various industries. The APAC region market is projected to grow at the highest CAGR from 2018 to 2023 due to increasing construction sector and development of smart cities in India. Leading players in the intelligent pump market include Xylem Inc., Flowserve Corporation, Sulzer Ltd etc. Years considered for this report: Historical Years: 2013-2016 Base Year: 2017 Estimated Year: 2018 Forecast Period: 2018–2023 Objective of the Study: To a...