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Research analysis on the global industrial pump control panels market identifies that the increased rate of urbanization and industrialization will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 6% by 2021. Increasing growth rates in the urban population drives the market of pump controllers in the commercial and residential sectors and industries such as the water and wastewater industry. This has paved the way for pump control panels to be used for industrial purposes. Moreover, the rise in industrialization has increased number of new industrial plants globally driving the need for safety systems like fire pumps. Industries, such as oil and gas, power, and pharmaceuticals, susceptible to fire breakouts is rising the need for well-structured fire safety systems along with controllers to monitor such systems. The increasing demand for fire pumps and the pump control panels is projected to grow during the forecast period.
In terms of geographic regions, the Americas will be the major revenue contributor to the industrial pump control panels market throughout the forecast period. The implementation of industry 4.0 and rising adoption of IIoT-enabled machinery in the water and wastewater industry will drive the growth of the market in the region.
Due to the presence of numerous local, regional, and international players, the industrial pump control panels market is quite fragmented. The industrial pump control panel market vendors are looking at differentiating the products by innovation. The water and wastewater industry is the main target for the companies in this market due to the immense scope for the use of industrial pump control panels in this industry. Also, the government initiatives in APAC and EU are propelling the growth of the market and the development of new products with cutting-edge technology.
The leading vendors in the market are -
Grundfos
See Water
Siemens
Rockwell Automation
Xylem
The other prominent vendors in the market are AMC, Emerson Electric, Fraklinwater, Harper control solutions, Metron, Primex, Val-Matic, Wastech, and Zoeller.
Single-phase power
Three-phase power
During 2016, the three-phase power segment accounted for the major shares of the industrial pump control panels market. Factors such as the increased usage of three-phase power industrial pump control panel in industries such as the oil and gas, chemical and petrochemical, mining, food and beverage, and power will contribute to the growth of this industry segment in the coming years.
Water and wastewater industry
Oil and gas industry
Chemical and petrochemical industry
Mining industry
As per this market research report, the water and wastewater industry will hold the maximum share of the industrial pump control panels market until 2021. The high usage of industrial pump control panels in applications such as sewage, dewatering, and well stations in the water and wastewater industry and the increased investments by governments, will drive the growth of the market in this segment.
What will the market size and the growth rate be in 2021?
What are the key factors driving the global industrial pump control panels market?
What are the key market trends impacting the growth of the global industrial pump control panels market?
What are the challenges to market growth?
Who are the key vendors in the global industrial pump control panels market?
What are the market opportunities and threats faced by the vendors in the global industrial pump control panels market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global industrial pump control panels market?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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