Global Digital Pump Controller Market: Industry Analysis and Forecast (2019-2026)
The Global Digital Pump Controller market size is expected to grow from US$ XX Bn in 2018 to US$ XX Bn by 2026, at a CAGR of 6.5% during the forecast period.
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A digital pump controller eliminates the necessity for manual switching of pumps. These controllers are implanted with electrical sensors that offer more accurate data than traditional pneumatic sensors placed in conventional pump controllers. Similarly, a visible control panel is integrated with the digital pump controller and correctly manages the total performance of the device, they can also be operated using a mobile or remote.
The global digital pump controller market is driven by the rise in technological advancement coupled with sensors and the rise in usage of connected devices like smartphones, laptops and other devices. The rising usage of solar water pumps in the agriculture and irrigation sector, government initiatives to conserve water and projects to initiate wastewater treatments are expected to impelling the demand for digital pump controllers market around the world.
However, the lack of awareness and mechanical challenges especially in some rural areas and under-developed countries, which are expected to hamper the market growth at the global level. Some rural areas not being exposed to advanced technologies, and low or no awareness regarding various products that can be operated remotely. Thus, lack of awareness is one of the major challenges faced by the digital pump controllers market.
Based on industry vertical, the global digital pump controller market is bifurcated into manufacturing, public sector, agriculture, and residential. The agriculture segment is expected to grow at the largest CAGR of XX% during the forecast period, due to the surge in the adoption of water pumps by farmers, mainly in the Asia Pacific region. The manufacturing segment accounted for the highest market of XX% in 2018 due to industrial automation all over the world.
Geographically, Asia Pacific held the dominant market share of XX% in the digital pump controller market in 2018 and it is expected to grow at the highest CAGR of 9.2% during the forecast period, owing to rising adoption of a solar water pump and advanced technologies. In terms of revenue, China, India, and Japan are the major contributors to the regional market. In the region, supporting government regulation and energy crisis concerns are encouraging the manufacturers to develop energy efficient products. Digital pump controllers have a huge scope in developing markets of Asia Pacific thanks to increasing demand for energy conservation. Furthermore, the economies are focusing on increasing precision agriculture which is projected to aid manufacturers to design pump controllers that consume minimum energy and are easy to operate.
A report covers the recent development in the market for the global digital pump controller market e.g., in March 2018, Kirloskar Brothers Limited is an Indian based company that has introduced a new standard in open well submersible pumps for domestic use in farming. Therefore, pump controllers with extra features are essential to control these types of submersible pumps that are likely to fuel the market growth in the Asia Pacific region.
The objective of the report is to present a comprehensive analysis of Global Digital Pump Controller market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Digital Pump Controller market dynamics, structure by analyzing the market segments and project the Global Digital Pump Controller market size. Clear representation of competitive analysis of key players by Type, Price, Financial position, Product portfolio, Growth strategies, and Regional presence in the Global Digital Pump Controller market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Scope of the report Global Digital Pump Controller Market: Inquire before buying
Global Digital Pump Controller Market by Connectivity
• Conventional Pump Controller
• Mobile/Remote Pump Controller
• Radiofrequency
• Remote
• SMS
• APP
• SCADA
• Mobile phone
Global Digital Pump Controller Market by Distribution Channel
• Online
• Retail
• Company-owned
• Third Party
Global Digital Pump Controller Market by End Users:
• Manufacturing
• Food & Beverage
• Pharmaceutical
• Oil & Gas
• Textile & Paper
• Chemicals
• Biotechnology
• Construction
• Public Sector
o Water & Wastewater Treatment
o Pumping Stations
• Agriculture
• Residential
Global Digital Pump Controller Market by Region
• Asia-Pacific
• Europe
• North America
• Middle East & Africa
• South America
Key players operating on the Global Digital Pump Controller market
• C&S Electric Limited
• Dwyer Instruments, Inc.
• Grundfos
• Kirloskar Brothers Limited
• Precision Digital Corporation
• Remote Control Technology
• Spring (Europe) Ltd.
• Sulzer Ltd
• Valmont Industries, Inc.(Vally)
• Xylem Inc.
• Invacare Corporation
• Ottobock
• Sunrise Medical
• Investor AB
• Medical Depot
• Pride Mobility Products
• GF Health Products
• MEYRA Group
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