The global intelligent pump market was valued at USD 573.2 Million in 2015, and is expected to grow at a CAGR of 7.5% from 2016 to 2021. Strict energy-efficiency standards in developed nation, growth in Industrial Internet of Things (IIoT) and economic benefits of intelligent systems, focus on smart water & wastewater systems, increasing power generation capacities across the globe, and significant investments in non-oil & gas sectors in the Middle East and North Africa (MENA) are the major factors driving the intelligent pump market.
The report segments the intelligent pump market by pump type into positive displacement and centrifugal. The centrifugal segment is projected to dominate the intelligent pump market. This is because centrifugal pumps require much use of control systems in high-viscosity and variable pressure conditions.
The intelligent pump market has been segmented by component type into pumps, variable drives, and control systems. The control systems segment accounted for the largest market share in 2015. These intelligent pumps are being increasingly adopted due to their energy-efficient application in various industries.

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Objectives of the Study
• To define, describe, and forecast the global intelligent pump market by pump type, component, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the intelligent pump market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the intelligent pump market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the intelligent pump market

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Market Ecosystem:
The ecosystem of the global intelligent pump market starts with the manufacturing of basic components, such as communication system equipment and power electronic devices. The manufactured parts are then assembled to pumps by the OEM to form intelligent pump, which are then tested. This stage is followed by the distribution stage, following which, the product is provided to the end-users.

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