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Increasing demand for smart pumps

22 July 2018

According to the findings of a recent study from Frost & Sullivan the Positive Displacement (PD) pump market is experiencing a surge in partnerships among OEMs and automation and IT companies which is enabling pump manufacturers to position themselves as one-stop solution providers to meet the rising demand for smart services.  

In addition to conventional services – like pump installation, commissioning, and decommissioning – there is now also growing demand for predictive analytics, remote monitoring, and virtual maintenance to enable cost savings, boost productivity, and facilitate decision-making.

"The rise of cloud technologies, Industrial Internet of Things (IIoT), and synergies between IT and operational technology (OT) companies are enabling PD pump manufacturers to adopt the Software-as-a-Service (SaaS) model,” said Srividhya Murali, senior research analyst for Industrial at Frost & Sullivan. "Using big data analytics, machine learning, and Sensorisation, smart pumps can help conserve energy by pumping out only the required levels of fluid."

The Frost and Sullivan report ‘European Positive Displacement Pumps Market, Forecast to 2022’, focuses on the application of PD pumps across various industries. The pumps are segmented.

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