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Digital Pump Controllers Market By Connectivity (Wired, Wireless), By Distribution Channels (Online, Direct Retail), By Application (Agriculture, Residential, Industrial, Public Sector, and Others Industries) - Growth, Future Prospects, and Competitive Landscape, 2019-2027

"Increasing installation of water pumps across the globe is the key factor driving demand for digital pump controllers"

The global digital pump controllers market is poised to reach US$ 16.99 Bn by 2027, expanding at a CAGR of 7.8% during the forecast period from 2019 to 2027. Increasing installations of water pumps are identified as the major factor driving demand for digital pump controllers worldwide. In addition, government regulations and policies that mandate the use of solar pumps in agricultural fields is further stimulating demand for digital pump controllers worldwide. However, lack of public awareness and technical know-how with respect to operation of digital solutions through mobile app or any other electronic system and inclination towards low-cost pumps are the major challenges faced by the digital pump controllers market. 

Market Synopsis

Digital Pump Controllers Market

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"Increasing Demand from the Agriculture Industry and Waste Water Treatment to Drive Growth Prospects"

Agriculture represents the largest end-use segment in the global digital pump controllers market. The growth in this segment will be determined by the perpetually growing demand for water in agricultural fields, irrigations and wastewater/sewage treatments. The market in Asia Pacific is estimated to expand at a rapid CAGR of 9.3% from 2019 to 2027. Moreover, the region is trying to adopt precision farming practices in wake of which manufacturers are focusing on designing pump controllers that consume less energy and are easy to operate. These factors are projected to drive the market in Asia Pacific region.

Digital Pump Controllers Market

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"Asia Pacific to Dominate, Europe to Witness Strong Growth"

The digital pump controllers market worldwide is estimated to register strong growth in demand, especially in Asia Pacific. This region is currently the largest digital pump controllers market and will continue to hold substantial market share during the forecasted period owing to steady demand from emerging economies such as India, China, and Japan. The digital pump controllers market in the aforementioned countries is primarily driven by growing penetration of advanced technologies such as SCADA and radiofrequency that control flow, pressure, and level variables of water. Increasing adoption of the aforementioned technologies is spurred by the government policies and regulations that promote the introduction of energy-efficient products. In August 2019, the Government of India announced a special scheme for farmers for the installation of solar pumps which includes 17.50 lakhs standalone solar power pumps, and 10 lakhs grid-connected pumps which is going to be solarized by 2022. This can boost the demand for digital pump controllers in India during the forecast period.

The digital pump controllers market in the Europe region is expected to grow significantly owing to the growing need to limit the energy consumption of pumps. The European Union (EU) is highly concern towards energy conservation and aims to achieve an energy efficiency target of 20% by 2020 and around 27% by 2030 which is expected to fuel the growth of the digital pump controllers market.  

Digital Pump Controllers Market

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Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include C&S Electric Limited, Precision Digital Corporation, Sulzer Ltd., Kirloskar Brothers Limited, Dwyer Instruments, Inc., Grundfos AS, Xylem Inc., Spring (Europe) Ltd., Remote Control Technology, Padmansha Technologies Pvt. Ltd. and Digital Control Company.

Digital Pump Controllers Market

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study on digital pump controller market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides an all-round view of the global digital pump controllers market based on connectivity, distribution channel, end-use application, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2019-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Connectivity Segment (2017–2027; US$ Bn)
 • Wired
 • Wireless

 Distribution Channel Segment (2017–2027; US$ Bn)
 
• Online
 • Direct Retail

 Application Segment (2017-2027: US$ Bn)
 • Agriculture
 • Residential
 • Industrial
 • Public Sector
 • Other Industries (Chemical Refineries, Mining, etc.)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the global market size for digital pump controller market in 2017 & 2018?
  • What has estimated forecast and market projections up to 2027?
  • Which is the largest regional digital pump controllers market?
  • Which end-use vertical has the largest penetration of digital pumps and related components including controllers?
  • Which are the predominant trends shaping the global digital pump controllers market?
  • Which is the most promising, attractive, and less-explored end-use segment in the global digital pump controllers market?
  • Who are the leading manufacturers in the global digital pump controller market?
  • What are the premiere strategies adopted by the leading manufacturers in the global digital pump controller market?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2019
Category:  Automation & Process Control
Report ID:   59898
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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