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

The global digital pump controller market is expected to reach US$ 16.99 billion by 2027, expanding at a 7.8% CAGR 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 are further stimulating demand for digital pump controllers worldwide. However, a lack of public awareness and technical know-how with respect to the operation of digital solutions through mobile apps or any other electronic system and an inclination toward low-cost pumps are the major challenges faced by the digital pump controller market.

Market Synopsis

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

Agriculture represents the largest end-use segment in the global market for digital pump controllers. The growth in this segment will be determined by the perpetually growing demand for water in agricultural fields, irrigations, and wastewater and 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, so 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 the Asia-Pacific region.

Asia Pacific to Dominate; Europe to Witness Strong Growth.

The digital pump controller market worldwide is estimated to register strong growth in demand, especially in Asia Pacific. This region is currently the largest digital pump controller market and will continue to hold a substantial market share during the forecasted period owing to steady demand from emerging economies such as India, China, and Japan.

The digital pump controller market in the aforementioned countries is primarily driven by the 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 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 install of solar pumps, which includes 17.50 lakh standalone solar power pumps and 10 lakh grid-connected pumps that are going to be solarized by 2022. This can boost the demand for digital pump controllers in India during the forecast period.

The digital pump controller 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 concerned with 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 controller market.

Key Players and 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.

Historical and Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027 considering 2018as the base year for the research. The CAGR (compound 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 the digital pump controller market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides an all-around view of the global digital pump controller market based on connectivity, distribution channel, end-use application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the global market size for the digital pump controller market in 2017 and 2018?
  • What are the estimated forecasts and market projections up to 2027?
  • Which is the largest regional digital pump controller 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 market for digital pump controllers?
  • Which is the most promising, attractive, and least-explored end-use segment in the global digital pump controller market?
  • Who are the leading manufacturers in the global digital pump controller market?
  • What are the premier strategies adopted by the leading manufacturers in the global digital pump controller market?

Frequently Asked Question:

The market for Digital Pump Controllers Market is expected to reach USD$ 16.99 Bn in 2027.

The Digital Pump Controllers Market is expected to see significant CAGR growth over the coming years, at 7.8% .

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Kirloskar Brothers Limited, Dwyer Instruments, Inc., Grundfos AS, Xylem Inc., Spring (Europe) Ltd. are some of the major players in the global market.

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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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