According to the US Department of Energy, it has been reported that industrial pumps consume about 25-50% of the total energy used by electric motors. This high consumption of energy adds on to a huge expense for the end users. By employing intelligent pumping systems, the end users have opportunity to cut down on their costs and reducing the carbon footprint.

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China is leading in carbon emissions across the globe and has now planned to conserve energy by reducing the same. The country is expected to strengthen their smart & intelligent pumps market so that they can reduce their carbon emissions and increase operational efficiency. Similarly, several other countries are working to reduce their carbon emissions. Industries such as the water and the wastewater industry are significantly employing intelligent pumping systems. For instance, seawater desalination requires a large number of pumps and the largest expense is in the form of energy. As a result of this, the desalination plants are also looking for energy-efficient solutions which are also cost effective in nature.

Smart & intelligent pumps can also reduce the inventory by almost 80% due to their flexible performance. Along with this, with the use of conventional pumps, the pump station controller needs to be at the remote location to monitor, but with the advent of intelligent pumps, it has been significantly reduced.

APAC region is expected to account for the largest market revenue share by the end of 2023. The wave of globalization coupled with an outsourcing surge has created demand for intelligent pumps in the Asia-Pacific region. The low manufacturing cost benefits and favorable investment opportunities have led to a high demand for intelligent pumps in the region.

The Asia-Pacific region accounted for the largest market revenue share of 37.8% in 2017. The growth of the intelligent pumps in the region can be attributed to a well-established industrial base. The smart & intelligent pumps market in the region is driven by huge investments being made in industries such as water, wastewater, and related processing industries. Increasing investments for water treatment and the fast development of the oil & gas industry is expected to propel the demand of intelligent pumps in the Asia-Pacific region.

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Apart from Asia-Pacific, changing legislation is fueling interest for intelligent pumps in the Europe region. With end users under strain to comply with the strict government policies, the emphasis is progressively on gaining more versatile and advanced pumps that can decrease vitality costs and in addition address issues of cavitation and dead heading. The only challenge faced by the intelligent pumps manufacturers in the Europe region is to educate the end users about the potential benefits of intelligent pumps and how their application can bring about a change in their system process as well.

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