Global intelligent pumps market is anticipated to exceed the billion-dollar mark by 2033.
In 2021, Europe constituted 35.2% of the global intelligent pumps market by value, where Asia Pacific is expected to register a CAGR of 7.0% through 2029 in terms of volume.
In terms of application, industrial segment constituted more than 65% of the market in the year 2021.
The market for intelligent pumps witnessed a huge impact of COVID-19 pandemic. There has been a significant fall in new orders of conventional pumps, as well as integrated digital technologies.
The top five players in global intelligent pumps market include Grundfos Holdings AS, Goulds Pumps, Danfoss A/S, Alfa Laval, and Kirloskar Brothers Ltd.