The global digital pump controller market size reached USD 9,051.1 million in 2018. The digital pump controller market is estimated to reach USD 10,684.6 million in 2023.
Over the assessment period from 2023 to 2033, digital pump controller demand is projected to exhibit a 6.3% CAGR. The digital pump controller market is expected to result in a market size of USD 19,638.0 million by the end of 2033.
| Attributes | Key Insights |
|---|---|
| Digital Pump Controller Market Estimated Size (2023E) | USD 10,684.6 million |
| Digital Pump Controller Market Projected Valuation (2033F) | USD 19,638.0 million |
| Value-based CAGR (2023 to 2033) | 6.3% |
| Collective Value Share: Top 3 Countries (2023E) | 37.4% |
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Incorporation of Internet of Things (IoT) Technology to Spur Growth
A key digital pump controller market trend is incorporating Internet of Things (IoT) technology. This integration is set to enable remote supervision and management of pumps. Its adoption is expected to rise as it would help empower users to collect live data on pump functionality, identify problems, and enhance operational efficiency.
The need for individuals to operate pumps remotely is another pressing need in the market anticipated to boost demand. This is attributed to the ability of IoT technology to provide remote data access from pump controllers using either a mobile application or a web portal. This emerging trend will likely witness a surge worldwide. Several companies are expected to enhance their operational efficiency and cut costs by harnessing the capabilities offered by IoT technology.
Pump controllers enabled with IoT are expected to experience high popularity amid their inclusion of advanced analytics and machine learning functionalities. Companies looking to obtain more profound insights into their pump processes and facilitate well-informed choices are expected to propel demand.
The growing adoption of IoT technology across the digital pump controller industry is foreseen to expand in the evaluation period persistently. This is attributed to the increasing number of businesses that aim to capitalize on the advantages offered by remote supervision and management.
Growing Emphasis on Energy Efficiency to Drive the Market
The adoption of digital pump controllers is expected to surge globally due to the increasing emphasis on conserving energy and reducing operational costs. Key players are set to launch new controllers with advanced algorithms and features that enable accurate control of pump operations, including variable speed adjustment. These features are expected to improve energy efficiency by aligning the pump speed with the required flow rate.
Companies spanning diverse sectors are set to find digital pump controllers appealing as they provide a practical means to decrease energy expenses and lessen their ecological footprint. Companies are predicted to realize substantial energy economies through the efficient oversight of pump activities.
It is further anticipated to lead to diminished operational expenditures. The capacity to curtail energy wastage is set to be in harmony with sustainability objectives and regulatory mandates.
The rapid adoption of digital pump controllers is also expected to be motivated by their dual advantages of enhancing energy efficiency and reducing expenses. These characteristics are projected to make them an appealing choice for businesses aiming to optimize energy consumption and enhance their environmental impact.
Integration of Digital Pump Controllers into Existing Systems Can be a Challenge
Incorporating digital pump controllers into established systems and procedures can be challenging. This is especially complex when dealing with older infrastructure that cannot inherently align with contemporary technology. Adapting existing pumps and control systems to accommodate digital pump controllers can pose difficulties regarding both financial outlay and time constraints.
A key challenge revolves around ensuring the compatibility of digital pump controllers with the pre-existing infrastructure. Older pumps and control systems must possess the requisite communication protocols or interfaces for smooth assimilation. This is projected to demand supplementary investments in hardware or software enhancements to bridge the disparity, ultimately leading to heightened expenses.
Retrofitting existing systems often requires careful planning and coordination to minimize disruptions to ongoing operations. It can involve temporarily shutting down pumps or modifying existing control panels, leading to downtime and potential revenue loss. The complexity of the integration process can also extend the implementation timeline, further impacting productivity.
The global digital pump controller market witnessed a CAGR of 2.2% over the historical period from 2018 to 2022. The digital pump controller market grew from USD 9,051.1 million in 2018 to USD 10,105.0 million in 2022. The digital pump controller market will likely register a CAGR of 6.3% from 2023 to 2033.
| Historical Digital Pump Controller Market Value-based CAGR (2023 to 2033) | 2.2% |
|---|---|
| Historical Digital Pump Controller Market Size (2022) | USD 10,105.0 million |
The digital pump controller market expansion can contribute to several growth parameters, such as increased demand from end-use industries, including municipalities & water utilities and oil & gas. However, the COVID-19 pandemic caused substantial disruptions in the digital pump controller industry for applications related to entertainment, sports buildings, and event venues. The outbreak had far-reaching consequences for the global supply chain, manufacturing, demand patterns, and consumer behavior, all impacting this industry.
The market for digital pump controllers is expected to witness steady growth in the review period as the world has returned to normalcy. The increasing number of events, such as concerts, sports, and others, is anticipated to bolster demand. For audiences to have fascinating and immersive experiences, the modern entertainment business is increasingly dependent on high-tech special effects, fireworks, and water elements. Digital pump controllers are set to be essential for regulating and coordinating several components as these provide exact regulation of water velocity, pressure, and timing.
They are expected to deliver event planners the ability to flawlessly produce spectacular water shows, choreographed fountains, and other aesthetic spectacles. Their ability to improve the allure of their performances is expected to push the digital pump controller market growth.
Digital pump controller integration is further expected to help streamline event venues' operational processes by enabling automation and remote monitoring. The demand for remote configuration and troubleshooting capabilities is set to surge as these would make maintenance and management more effective. These features are also anticipated to save downtime and guarantee that the performance runs without technological glitches.
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The table below provides the growth potential of the digital pump controller market and CAGRs of the top 5 countries. Of the 5, India will likely lead the digital pump controller market by exhibiting a CAGR of 7.7% from 2023 to 2033. China and the United Kingdom are expected to witness digital pump controller sales at the same CAGR of 5.1%.
Digital Pump Controller Market Growth Outlook by Key Countries
| Country | Value-based CAGR |
|---|---|
| United States | 4.6% |
| China | 5.1% |
| Germany | 4.8% |
| United Kingdom | 5.1% |
| India | 7.7% |
The United States digital pump controller market is expected to represent a total revenue stream of USD 1,072.1 million between 2023 and 2033. It will likely register a CAGR of 4.6% in the evaluation period.
A key reason for expanding digital pump controller demand in the United States stems from the growing focus on efficiency and ecological responsibility. As worries about conserving energy and mitigating environmental effects mount, a wide spectrum of sectors, municipalities, and enterprises are gravitating toward digital pump controllers.
Modern controllers are projected to help enhance the management of water and fluid systems. These controllers are anticipated to provide exacting control capabilities, empowering users to curtail energy usage and minimize the squandering of water. These features are further set to enable companies to achieve their sustainability objectives.
Government policies and regulatory measures are also expected to contribute to expanding the digital pump controller market. Diverse programs at the federal, state, and local levels are set to promote the uptake of energy-efficient and eco-friendly technologies. These initiatives are anticipated to encompass grants, incentives, and compliance standards that incentivize businesses to invest in digital pump controllers.
China's digital pump controller market is expected to expand at a CAGR of 5.1% during the forecast period. The country’s aim to modernize its agriculture industry has spurred the demand for digital pump controllers.
Innovative controllers are in high demand due to their ability to enhance the efficiency of irrigation systems, preserve water resources, and boost crop yields. All of these are anticipated to be pivotal in bolstering the nation's food security and sustainability in agriculture.
The continuous expansion of China's infrastructure, encompassing the development of industrial sites, residential zones, and commercial properties, has elevated the need for digital pump controllers. These controllers are set to play a critical role in guaranteeing dependable water provision and efficient management of wastewater across these construction projects.
The United Kingdom is estimated to exhibit a decent CAGR of 5.1% during the digital pump controller market evaluation period. In the United Kingdom, there is an increasing demand for effective management of water resources. Digital pump controllers are set to help meet the growing need for water efficiency, especially in light of population development and shifting climatic conditions.
Water and wastewater management is one of the several industries in the United Kingdom that is going through a digital transformation. With the ability to provide immediate feedback and remote management, digital pump controllers have emerged as a crucial part of smart infrastructure. These are anticipated to help guarantee effective & dependable water delivery and wastewater treatment.
The use of digital pump controllers has been prompted by the nation's commitment to preserving and modernizing crucial infrastructure. Companies looking to lessen energy waste and environmental effects while maintaining the quality and dependability of water & wastewater systems are expected to adopt controllers.
India is anticipated to register a steady CAGR of 7.7% in the digital pump controller market forecast period. It has become essential to manage water resources as much as possible because India experiences a variety of weather patterns. These include periods of monsoons and droughts.
With digital pump controllers, water resources can be used effectively. These are also expected to help mitigate water scarcity problems through continuous tracking, remote management, and automation.
The Government of India has also started several infrastructure-development initiatives, such as irrigation projects and smart cities. These are anticipated to rely on technological advances for effective water management significantly. This will likely speed up the nation's implementation of digital pump controllers, essential for maintaining and improving critical infrastructure systems.
The digital pump controller market in Germany is predicted to showcase a CAGR of around 4.8% in the forecast period from 2023 to 2033. Automation and efficiency in the industrial sector are highly valued in Germany.
In line with the nation's pledge to promote environmentalism and affordability in industrial processes, digital pump controllers can offer precise oversight over pumps. These are set to enable optimized performance and decreased energy usage.
Germany is also making the transition to eco-friendly practices and energy-saving technologies. Digital pump controllers are predicted to play a crucial role in attaining these objectives by ensuring that heating, cooling, water, and wastewater systems work with the most prominent level of energy efficiency. These are anticipated to help minimize their negative environmental effects.
The table below highlights the global demand for digital pump controllers by product type. Under product type, the variable frequency drive controller segment, while smaller, is set to showcase a decent CAGR of 6.3% from 2023 to 2033 in the digital pump controller market. It is expected to be followed by constant pressure controllers, on/off control controllers, proportional-integral-derivative (PID) controllers, multi-pump control systems, remote monitoring & control, smart control and automation, fault detection & protection, programmable logic controller (PLC) integration, and others segments.
| Category | Product Type |
|---|---|
| Sub-category | Variable Frequency Drive Controller |
| Value-based CAGR (2023 to 2033) | 6.3% |
Based on product type, the variable frequency drive (VFD) controller segment is projected to witness a CAGR of 6.3% in the digital pump controller market during the forecast period. VFD-driven pump controllers have seen a significant surge in demand and uptake in the market.
They are set to gain increasing prominence across a wide spectrum of applications, spanning industrial, commercial, agricultural, and municipal sectors. VFD-based pump controllers are expected to be highly regarded for their exceptional energy efficiency.
Companies looking for advanced controllers enabling the pumps to operate at variable speeds and adjust their output to match the current requirements would aid demand. These are projected to deliver efficient speed, reduced energy consumption, and low operational expenses. In a time when energy efficiency is of paramount importance, VFD-based controllers can stand out as the favored option.
The table below highlights the global demand for digital pump controllers by end-use. Under end-use, the oil & gas segment, while smaller, is set to exhibit a CAGR of 5.4% through 2033 in the digital pump controller market. It is expected to be followed by municipalities & water utilities, commercial buildings, industrial facilities, agriculture & irrigation sector, residential, construction, mining, and other digital pump controller market segments.
| Category | End-use |
|---|---|
| Sub-category | Oil & Gas |
| Value-based CAGR (2023 to 2033) | 5.4% |
The oil & gas segment is expected to dominate the digital pump controller market from 2023 to 2033. It is anticipated to surge at a CAGR of 5.4% during the forecast period.
The focus on energy efficiency is paramount in the oil & gas sector. Digital pump controllers are set to permit operators to align the pump's performance with the real-time requirements. This is due to the ability of controllers to regulate pump speeds finely. This precision is anticipated to ensure that pumps function at their optimal speed, leading to decreased energy usage and reduced operational expenditures.
Digital pump controllers are further set to find extensive use in the oil & gas sector as these provide meticulous oversight of variables, such as flow rates and pressure. These would help ensure the steady and consistent operation of critical processes, such as drilling, refining, and transportation. Their ability to record and archive performance data pertaining to pumps is another factor that would bolster their demand.
As oil & gas companies require real-time patterns to forecast maintenance requirements, they are expected to adopt digital pump controllers. These are set to help curb downtime and prevent costly equipment breakdowns.
Several companies are also projected to employ Supervisory Control and Data Acquisition (SCADA) systems to supervise and regulate operations. Digital pump controllers are expected to integrate seamlessly with these SCADA systems, forming a cohesive control platform for the facility.
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The global digital pump controller market is anticipated to witness robust investment opportunities over the forecast period. This is attributed to the increasing demand from commercial buildings, industrial facilities, agriculture & irrigation, residential, construction, and mining sectors.
Key players in the digital pump controller market are set to rely highly on product innovation and development for expansions. In addition, they are expected to opt for mergers and acquisitions of local players as these would help eliminate competition among them. These strategies would further reduce the advertising price of their products.
The reduction in prices will benefit customers and eventually increase sales. Mergers can result in better planning and utilization of financial resources. These also help key manufacturers increase their global presence and offer local players international recognition.
The digital pump controller market is moderately fragmented, with many active players. Key participants account for 40 to 44% of the digital pump controller market share.
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| Attribute | Details |
|---|---|
| Estimated Digital Pump Controller Market Size (2023) | USD 10,684.6 million |
| Projected Digital Pump Controller Market Valuation (2033) | USD 19,638.0 million |
| Value-based Digital Pump Controller Market CAGR (2023 to 2033) | 6.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Digital Pump Controller Market Analysis | Value (USD million) and Volume (000' square meters) |
| Key Countries Covered in Digital Pump Controller Market | United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Gulf Cooperation Council countries, Türkiye, Northern Africa, South Africa |
| Key Segments Covered in Digital Pump Controller Market | Product Type, Pump Type, Power Rating, Sales Channel, End-Use, and Region |
| Key Companies Profiled in Digital Pump Controller Market | Schneider Electric; Siemens; Honeywell International; ABB; Johnson's Control; Rockwell Automation; Mitsubishi Electric; Franklin Electric; Xylem; Fuji Electric; Emerson; Yokogawa Electric; Parker Hannifin; Pentair; Grundfos; Danfoss |
| Digital Pump Controller Market Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restrain, Opportunity, and Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The digital pump controller market is set to reach USD 19,638.0 million by 2033.
Siemens and Fuji Electric are the leading digital pump controller manufacturers.
The digital pump controller demand is set to witness a CAGR of 6.3% from 2023 to 2033.
The oil & gas industry is mainly set to use digital pump controllers.
Variable frequency drives are expected to lead the market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Constant Pressure Controller 9.2. Variable Frequency Drive Controller 9.3. On-off Controllers 9.4. PID Controller 9.5. Multi-pump Control System 9.6. Remote Monitoring Control 9.7. Smart Control and Automation 9.8. Fault Detection and Protection 9.9. PLC Integration 9.10. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pump Type 10.1. Centrifugal Pump Controllers 10.2. Submersible Pump Controllers 10.3. Diaphragm Pump Controllers 10.4. Gear Pump Controllers 10.5. Screw Pump Controllers 10.6. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rating 11.1. Low Power (Up to 10 HP) 11.2. Medium Power (10 to 100 HP) 11.3. High Power (Above 100 HP) 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 12.1. Direct Sales 12.2. Distributors/Resellers 12.3. Online Retailers 12.4. OEM 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user 13.1. Municipalities and Water Utilities 13.1.1. Water Supply and Distribution Systems 13.1.2. Wastewater Treatment Plants 13.1.3. Sewage Pumping Stations 13.1.4. Water Booster Stations 13.2. Commercial Buildings 13.2.1. HVAC Systems 13.2.2. Fire Protection Systems 13.2.3. Water Supply and Pressure Management 13.2.4. Cooling Tower Systems 13.3. Industrial Facilities 13.3.1. Process Water Management 13.3.2. Cooling Systems for Machinery and Equipment 13.3.3. Boiler Feed Water Systems 13.3.4. Chemical Dosing Systems 13.3.5. Industrial Wastewater Treatment 13.3.6. Others 13.4. Agriculture and Irrigation Sector 13.4.1. Irrigation Systems for Farms and Agricultural Fields 13.4.2. Water Supply for Livestock 13.4.3. Agricultural Drainage Systems 13.4.4. Sprinkler and Drip Irrigation Systems 13.5. Residential 13.5.1. Residential Water Supply Systems 13.5.2. Domestic Wastewater Management 13.5.3. Swimming Pool Filtration Systems 13.5.4. Rainwater Harvesting Systems 13.6. Oil and Gas 13.7. Construction 13.8. Mining 13.9. Others 14. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 14.1. North America 14.2. Latin America 14.3. Western Europe 14.4. Eastern Europe 14.5. Middle East and Africa 14.6. East Asia 14.7. South Asia and Pacific 15. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Country-wise Market Analysis 23. Market Structure Analysis 24. Competition Analysis 24.1. Schneider Electric 24.2. Siemens 24.3. Honeywell International 24.4. ABB 24.5. Johnson's Control 24.6. Rockwell Automation 24.7. Mitsubishi Electric 24.8. Franklin Electric 24.9. Xylem 24.10. Fuji Electric 24.11. Emerson 24.12. Yokogawa Electric 24.13. Parker Hannifin 24.14. Pentair 24.15. Grundfos 24.16. Danfoss 25. Assumptions and Acronyms Used 26. Research Methodology
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Digital Pump Controller Market
