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Digital Pump Controller Market | Acumen Research and Consulting

Digital Pump Controller Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1217

Pages : 250

Format : Digital Pump Controller Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Digital Pump Controller Market Size accounted for USD 10.3 Billion in 2023 and is estimated to achieve a market size of USD 20.2 Billion by 2032 growing at a CAGR of 7.9% from 2024 to 2032.

Digital Pump Controller Market (By Connectivity: Conventional Pump Controller, and Mobile/Remote Pump Controller; By Distribution Channel: Online, and Retail; By Industry Vertical: Manufacturing, Public Sector, Agriculture, and Others and By Region: North America, Europe, Asia-Pacific, Latin America, and MEA)

Digital Pump Controller Market Highlights

  • Global digital pump controller market revenue is poised to garner USD 20.2 billion by 2032 with a CAGR of 7.9% from 2024 to 2032
  • Asia-Pacific digital pump controller market value occupied around USD 4.63 billion in 2023
  • Europe digital pump controller market growth will record a CAGR of more than 8.6% from 2024 to 2032
  • Among connectivity, the mobile/remote pump controller sub-segment generated notable market share in 2023
  • Based on distribution channel, the manufacturing sub-segment generated significant market share in 2023
  • Increasing preference for wireless controllers for easier installation and remote access is the digital pump controller market trend that fuels the industry demand

Digital Pump Controller Market Dynamics

A digital pump controller is an electronic device that manages and automates the operation of pumps, assuring performance and efficiency. It manages pump speed, flow rate, and pressure using digital inputs and outputs, allowing for exact control. This technology frequently includes capabilities like real-time monitoring, remote access, and data logging to improve system management. Digital pump controllers are widely utilized in a variety of applications, such as agricultural for irrigation systems, water and wastewater treatment plants, industrial processes for fluid handling, and residential settings to increase water pressure. They contribute to lowering energy usage and maintenance costs by automating and optimizing pump operations.

Global Digital Pump Controller Market Dynamics

Market Drivers

  • Increasing demand for automation in agriculture
  • Rising need for energy-efficient pumping systems
  • Growing adoption of smart water management technologies

Market Restraints

  • High initial cost of smart digital pump controllers
  • Limited awareness in developing regions
  • Compatibility issues with older pump systems

Market Opportunities

  • Integration with IoT and AI for advanced monitoring
  • Expansion in developing markets due to rising industrialization
  • Growing emphasis on water conservation in urban areas

Digital Pump Controller Market Report Coverage

Market Digital Pump Controller Market
Digital Pump Controller Market Size 2022

USD 10.3 Billion

Digital Pump Controller Market Forecast 2032 USD 20.2 Billion
Digital Pump Controller Market CAGR During 2023 - 2032 7.9%
Digital Pump Controller Market Analysis Period 2020 - 2032
Digital Pump Controller Market Base Year
2022
Digital Pump Controller Market Forecast Data 2023 - 2032
Segments Covered By Connectivity, By Distribution Channel, By Industry Vertical, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Mitsubishi Electric, Schneider Electric, Honeywell International, ABB, Johnson's Control, Fuji Electric, Danfoss, Emerson, Siemens, Yokogawa Electric, Parker Hannifin, Grundfos, and Emerson.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Digital Pump Controller Market Insights

The increased use of solar water pumps, particularly in agriculture and irrigation, is driving up global demand for digital pump controllers. However, lack of understanding and mechanical issues are limiting the growth of the global digital pump controller market. People in rural areas are often ignorant and have little knowledge of how to operate electronic equipment such as pump controllers via mobile, app, or other technologies. As a result, one of the most significant challenges facing the digital pump controllers market is a lack of awareness.

The digital pump controller market is predicted to develop as technology advances and sensors become more prevalent. In addition, the increased use of connected devices such as smartphones, laptops, and other devices is expected to drive global demand for digital pump controllers. For instance, according to World Economic Forum, as of January 2023, India has more over 700 Billion smartphone users, 425 Billion of whom lived in rural areas. More than half of all Indians now use smartphones, and the number of active internet users has increased by 45% since 2019, putting rural India at the forefront of the world's smart revolution.

As urban areas face increasing water scarcity and the necessity for effective water management, there is a significant drive for water-saving technologies. Digital pump controllers enable to optimize water usage, reduce waste, and automate water delivery systems. Their capacity to monitor and manage water flow in real time makes them perfect for urban water saving initiatives. This creates an increasing need for digital pump controllers in places that prioritize sustainability and resource efficiency. Moreover, government initiatives for water conservation help to make digital pump controller market at greater heights. For instance, since 2019, the Ministry of Jal Shakti has been implementing the Jal Shakti Abhiyan (JSA) annually. The Hon'ble President of India announced Jal Shakti Abhiyan: Catch the Rain 2023, the fourth in the JSA series, on 04.03.2023 for implementation in all districts (rural and urban).

Digital Pump Controller Market Growth 2024 - 2032

Digital Pump Controller Market Segmentation

The worldwide market for digital pump controller is split based on connectivity, distribution channel, industry vertical, and geography.

Digital Pump Controller Connectivity

  • Conventional Pump Controller
  • Mobile/Remote Pump Controller

According to the digital pump controller industry analysis, mobile or remote pump controllers are becoming the preferred choice in the market due to their ease and versatility. These controllers let users to monitor and control pumps from anywhere using their cellphones or computers, making it simple to manage water systems remotely. This is especially important in industries like agriculture and water management, where pumps are frequently found in remote locations. The ability to get real-time updates and make adjustments from a distance saves time, energy, and water.

Digital Pump Controller Distribution Channel

  • Online
  • Retail
    • Company-owned
    • Third-party

Online distribution is expected to becoming a dominant avenue. Customers, particularly in the industrial and agricultural industries, benefit from the ease of browsing, comparing, and purchasing controllers online. E-commerce platforms and corporate websites offer thorough product information, user reviews, and technical help, making decisions easier. Furthermore, the growing trend of digitalization and remote work has expedited the shift to online ordering of technical items such as pump controllers.

Digital Pump Controller Industry Vertical

  • Manufacturing
    • Food & Beverage
    • Pharmaceutical
    • Oil & Gas
    • Textile & Paper
    • Chemicals
    • Biotechnology
    • Construction
  • Public Sector
    • Water & Wastewater Treatment
    • Pumping Stations
  • Agriculture
  • Others

According to the digital pump controller market forecast, the manufacturing sector is predicted to grow rapidly in the market because these controllers help firms manage fluid systems more efficiently. They provide precise control over pumps, which enhances production operations while reducing energy use. As businesses shift toward automation and smart factories, the demand for digital pump controllers is increasing. As a result, more manufacturers are implementing these technologies to increase productivity and dependability.

Digital Pump Controller Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Digital Pump Controller Market Drivers

Digital Pump Controller Market Regional Analysis

For several reasons, Asia-Pacific dominates digital pump controller market due to rising demand from agriculture and water and wastewater treatment. Additionally, industrialization, agricultural growth, and increased investment in water management systems further contribute to industry’s growth. The region's increasing emphasis on automation and energy-efficient solution fuels demand for these controllers in industries such as manufacturing and agriculture.

The digital pump controller market in Europe is predicted to expand significantly due to the growing need to reduce pump controller energy consumption. Furthermore, the growing use of connected devices such as smartphones and other systems is expected to fuel the digital pump controller market. In Europe, heightened digitization, mobile device usage, and online browsing are among the primary factors projected to drive the growth of the digital pump controller market.

Digital Pump Controller Market Players

Some of the top digital pump controller companies offered in our report include Mitsubishi Electric, Schneider Electric, Honeywell International, ABB, Johnson's Control, Fuji Electric, Danfoss, Emerson, Siemens, Yokogawa Electric, Parker Hannifin, Grundfos, and Emerson.

Frequently Asked Questions

How big is the digital pump controller market?

The digital pump controller market size was valued at USD 10.3 billion in 2023.

What is the CAGR of the global digital pump controller market from 2024 to 2032?

The CAGR of digital pump controller is 7.9% during the analysis period of 2024 to 2032.

Which are the key players in the digital pump controller market?

The key players operating in the global market are including Mitsubishi Electric, Schneider Electric, Honeywell International, ABB, Johnson's Control, Fuji Electric, Danfoss, Emerson, Siemens, Yokogawa Electric, Parker Hannifin, Grundfos, and Emerson.

Which region dominated the global digital pump controller market share?

Asia-Pacific held the dominating position in digital pump controller industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Europe region exhibited fastest growing CAGR for market of digital pump controller during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global digital pump controller industry?

The current trends and dynamics in the digital pump controller industry include increasing demand for automation in agriculture, rising need for energy-efficient pumping systems, and growing adoption of smart water management technologies.

Which connectivity held the maximum share in 2023?

The mobile/remote pump controller held the maximum share of the digital pump controller industry.

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