The Smart Pump Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Pump Market?
The Smart Pump Global Market Report 2025 shows that the market size for smart pumps has experienced considerable growth in the recent past. It is expected to increase from $0.99 billion in 2024 to $1.08 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Pump Industry?
The Smart Pump Global Market is projected to reach $1.49 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.4%.
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What are the Key Growth Drivers Fueling the Smart Pump Market?
The key drivers in the smart pump market are:
• Rise in healthcare expenditure
• Growing use of telehealth services
• Need for operational efficiency in hospitals
• Demand for improved patient care and rise in outpatient procedures
Global Market Segmentation: Identifying Major Smart Pump Industry Segments
The smart pumpmarket covered in this report is segmented –
1) By Pump Type: Centrifugal, Positive Displacement
2) By Capacity: Up To 30 m³/h, 30 To 90 m³/h, 90 To 180 m³/h, 180 To 360 m³/h, Above 360 m³/h
3) By End-User: Building Automation, Water And Wastewater, Oil And Gas, Chemicals, Power Generation, Other End Users
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What are the emerging Trends Shaping the Future of the Smart Pump Market?
The key trends in the smart pump market are:
• Integration of artificial intelligence is an emerging trend.
• Enhancement of data analytics capabilities is shaping the future of the market.
• There's a growing emphasis on interoperability in the smart pump industry.
• The expansion of remote patient monitoring and increasing collaborations among healthcare stakeholders are noteworthy trends.
Who Are the Top Competitors & Leading Players in the Smart Pump Market?
Major companies in the smart pump market are:
• Schlumberger Ltd.
• Baker Hughes
• Emerson Electric Co.
• Aker BP
• Danfoss A/S
• National Oilwell Varco
• Xylem Inc.
• EBARA Pump Europe
• Grundfos Holding A/S
• Pentair plc
• Flowserve Corporation
• Sulzer Limited
• ITT Corporation
• KSB SE & Co. KGaA
• Wilo SE
• Gorman-Rupp Company
• Kirloskar Group
• Tsurumi Manufacturing Co., Ltd.
• Hidrostal AG
• M Pumps
• Suguna Pumps
Regional Dominance: Which Area Leads the Global Smart Pump Market?
North America was the largest region in the smart pump market in 2024
