According to a new market research report published by Acute Market Reports, the global market for digital pump controllers is expected to reach US$ 16.99 billion by 2027, expanding to CAGR by 7.7% during the 2019-2027 forecast.
The digital pump controller is an electronic device attached to the pump that eliminates the manual switching of the pumps used to pump water from the reservoir, river and underground wells to the overhead storage tank. Digital pump controllers use electrical sensors to provide accurate data on flow control, level variables, water output pressure, etc. In digital pump controllers, the engine is automatically switched on when the water level in the overhead tank drops below the lower limit. In the same way, the pump is switched off when the tank is full. The automatic operation of digital pump controllers therefore reduce the amount of wastewater. This factor is expected to drive the growth of the market for digital pump controllers worldwide.
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The increase in the installation of water pumps for agricultural, industrial and public sector applications to meet the growing demand for water is driven by the need for digital pumps, which in turn drives the demand for controllers used to control water pumps automatically. It is estimated that the transition from conventional pumps to digitally innovative pumps will create huge growth opportunities for manufacturers worldwide. In addition, increasing government support for wastewater treatment is expected to provide significant opportunities for the market for digital pump controllers.
An increasing number of wastewater treatment facilities coupled with an energy crisis and an increasing number of water pump installations around the globe are projected to support the market for digital pump controllers. In addition, the adoption of new technologies such as SCADA, radio frequency, mobile apps, etc. offers sound opportunities for the growth of digital pumps and related components.
Digital pump controllers have an enormous potential in emerging markets in Asia Pacific due to the increasing demand for energy conservation. Furthermore, the use of precision farming by farmers is expected to boost the demand for digital pump controllers and their related components.
The market for digital pump controllers in the Asia-Pacific region is mainly driven by submersible and solar water pumps used in agricultural applications, industrial applications, etc. Perpetually increasing demand for pumps in the agricultural sector and subsidies offered for the purchase of digital pumps in the agricultural sector may pave the way for the mass adoption of digital pump controllers.
However, the technical know-how of operating electronic gadgets, the tough competition from low-cost manufacturers and the technical difficulties of switching from conventional pumps to digital pumps are hindering the growth of the digital pump controller market worldwide.
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.
You can get the sample copy of this research by Acute Market Reports here: https://www.acutemarketreports.com/request-free-sample/138927
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