Market Share of Global Smart Pumps Industry
The Global Smart Pumps Market is a moderately fragmented market with the presence of significant players such as Grundfos Holding, ITT Corporation, Flowserve Corporation, etc. To stay competitive in the market, several players are innovating new products & systems by way of collaborations, investment in R&D, and acquisitions.
- February 2022 - TTP Ventus, a manufacturer of the Disc Pump range of micropumps, announced launching its new Smart Pump Module product line. The first product, the SPM-041, combines a pump with drive electronics and a pressure sensor, enabling efficient closed-loop control of pressure/vacuum in a compact form factor weighing 11g. The SPM-041 features a simple control interface with UART, I2C, and analog control options, making the replacement of conventional pumps easy. This simplifies the design-in process, making it easier for OEMs to take advantage of the key benefits of the micropump, including exceptional pressure and flow, silent operation, millisecond-response time, precision controllability, and pulsation-free flow.
- October 2021 - Grundfos announced the launch of its Distributed Pumping System in Thailand. The system is capable of reducing energy consumption for cooling large commercial buildings by up to 50%, thereby cutting operational costs substantially and helping Thai companies achieve their sustainability goals. The pumping system achieves energy efficiency in cooling systems by utilizing intelligent circulator pumps, MAGNA3, and TPE3 pumps, and decentralized pumping to reduce energy consumption.
Smart Pumps Market Leaders
Sulzer Ltd
ITT Corporation
Grundfos Holding
Wilo SE
Xylem
*Disclaimer: Major Players sorted in no particular order
