Global Pump Control Panels Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of XX% during the forecast period.
Global Pump Control Panels Overview
A pump control panel monitors the running status of motor, also controls the electric motor and check alarm status. Industries such as food beverages, chemical, oil gas, manufacturing, water treatment, and power generation created demand for pump control panel, which drive the global pump control market to expand during the forecast period.
The report provides a detailed study of key market dynamics, market segmentation and regional analysis. The market study contains the detailed insights about how the Global Pump Control Panels Market is expected to grow during the forecast period.
Global Pump Control Panels Dynamics
Manufactures around the world are investing in chemical industries and wastewater treatment, which is the major factor for the rise of pump control panels during the forecast period.
Rise in the rate of urbanization and industrialization is other major factor anticipated to boost the market globally. Also, the continuous growth in commercial and residential sectors in the urban areas is driving the need for safety systems like fire pumps, which are monitored with the help of pump control panels. Thus, pump control panels market is expected to expand during the forecast period.
Report also states that availability of inferior quality and low cost pump control panels are factors expected to hinder the market growth in the upcoming years.
Global Pump Control Panels Market Segmentation Analysis
Global Pump Control Panels Market Segmentation, by Power:
Three-phase power accounts the major share of the pump control panels market.
The major sectors like petrochemicals, chemicals, oil and gas, mining, and food and beverage use three phase power for generation, transmission, and distribution of electric power. This in turn is expected to drive pump control market by three phase power during the forecast period.
Global Pump Control Panels Market by Power
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Global Pump Control Panels Market Segmentation, by Industry:
Developing countries like India and china are expected to create demand for pump control panels due to rise in chemical industries during the forecast period. Also, India brand equity foundation stated that chemical sector is projected to grow at CAGR of 15%-20% during the forecast period.
Water and wastewater industry is expected to boost the pump control panel market due to increase in use of sewage, dewatering and well stations.
Global Pump Control Panels Market Regional Analysis
Global Pump Control Panels Market by Regional
North America shares the maximum market of pump control panel due to industrialization. The U.S. is the key market in North America due to high demand for pump control panels in the country.
Developing countries like India and china are expected to boost the pump control market owing to rise in digitalization and industrialization during forecast period.
In Asia pacific agriculture activities are gaining demand for pump control panels, which are used in irrigation, horticulture, chemical injection, dairy farms, and liquid metering, are anticipated to drive the pump control panels market in the region during the forecast period.
Global Pump Control Panels Market by Region
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Global Pump Control Panels Market
Global Pump Control Panels Market by Region:
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Pump Control Panels Market Key Players
• Grundfos Holding A/S
• See Water Inc.
• Siemens AG
• Xylem Inc.
• Applied Motor Controls LLC
• Emerson Electric Corporation
• Franklin Electric Co., Inc.
• Harper Control Solutions, Inc.
• Hubbell Incorporated (Metron)
• S. J. Electro Systems, Inc. (PRIMEX)
• Val-Matic Valve Mfg. Corporation
• Wastech Controls Engineering, Inc.
• Rockwell Automation
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