Tuesday, 02 January 2024 12:17 GMT

Digital Pump Market Revenue Share Anticipated To Surge Past USD 24,400.3 Million By 2035 End, Surging At 6.1% CAGR FMI


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Digital Pump Market

Digital Pump market Regional Analysis

Digital pump market thrives on IoT integration, smart tech, and rising demand for energy-efficient, sustainable solutions, driving innovation & market expansion

Digital pumps provide energy and cost savings, making them essential for building infrastructure, water treatment, boiler control, and automation, driving market growth.” - opines Nikhil Kaitwade, Associate Vice President at FMI, DE, UNITED STATES, February 4, 2025 /EINPresswire / -- The global digital pump market is envisioning a substantial Compound Annual Growth Rate (CAGR) of 6.1% from 2025 to 2035. This upward momentum is set to elevate the market to remarkable heights, projecting a valuation of USD 24,400.3 Million by 2035, marking a significant increase from its 2025 valuation of USD 13,497.1 Million.

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At the heart of this surge in the digital pump market lies their versatile utility, particularly in terms of energy savings and cost efficiency. These innovative pumps find applications across a diverse spectrum of sectors, including buildings, water treatment plants, boiler control systems, and automation. Their remarkable ability to optimize and streamline fluid management processes emerges as a pivotal factor driving market growth.

These pumps not only conserve energy and reduce costs but also find applications in various sectors such as construction, water treatment facilities, boiler control systems, and automation, contributing significantly to the market's expansion. Additionally, the acceleration of market growth is attributed to several other factors, including stringent energy-efficiency regulations in developed nations, the rise of the Industrial Internet of Things (IIoT), and the economic advantages associated with intelligent systems, particularly in the context of smart water and wastewater management.

Moreover, the increasing global capacity for power generation and substantial investments in non-oil and gas sectors within the Middle East and North Africa (MENA) region are poised to further bolster the growth of the digital pump market throughout the analysis period.

Notable Insights from the Market Analysis:

- The global digital pump market reached a valuation of USD 12,673.7 Million by the end of 2024.

- The United States is anticipated to lead the market, surging at 6.1% CAGR from 2025 to 2035.

- Germany digital pump market to surge steadily at 3.9% CAGR during forecast period.

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Competitive Scenario:

Key players in the global Digital Pump Market are strategically expanding their global footprint through a variety of tactics, including collaborations, partnerships, and alliances. These industry participants are also making substantial investments in research and development (R&D) to infuse innovation into their products, thereby reinforcing their market position.

Notable recent developments among major players include:

- In August 2021, Regal Beloit Corporation, a leading global manufacturer and engineering solutions provider for power transmission, introduced the Century VGreen Evo pool pump motor to its product lineup. This new motor, driven by advanced variable speed technology, stands as one of the most energy-efficient pool pump motors available in the market.

- In March 2020, Framo and Aker BP announced a smart pump maintenance contract for seawater lift pumps in the Norwegian Continental Shelf. The six-year contract extension is a continuation of a pilot contract initiated in 2018 involving pump supplier Framo, production company Aker BP, and industrial AI Software as a Service (SaaS).

Key Players:

Siemens Energy
ITM Power
Ørsted A/S
Mitsubishi Heavy Industries
NEL ASA
Ballard Power Systems
McPhy Energy
Hydrogenics
Haldor Topsoe
Enapter

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Key Segments Covered:

Digital Pump by Connectivity:
Conventional Digital Pump Controller
Mobile/Remote Digital Pump Controller

Digital Pump by Distribution Channel:
Online Digital Pump Sales
Retail Digital Pump Sales
Company Owned
Third-Party

Digital Pump by Industry:

Digital Pump for Manufacturing
- Food and Beverage
- Pharmaceutical
- Oil & Gas
- Textile and Paper
- Chemicals
- Biotechnology
- Construction

Digital Pumps for the Public Sector
- Water and Wastewater Treatment
- Pumping Stations

Digital Pumps for Agriculture

Digital Pumps for Residential Use

Digital Pump by Region:
North America Digital Pump Market
Latin America Digital Pump Market
Western Europe Digital Pump Market
Eastern Europe Digital Pump Market
East Asia Digital Pump Market
South Asia Digital Pump Market
Middle East and Africa Digital Pump Market

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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.