Increase in demand for smart pumps with focus on IIoT and Big Data Analytics, finds Frost & Sullivan
LONDON, July 20, 2018 /PRNewswire/ --áTraditional product-based selling is giving way to solution-based selling as the European Positive Displacement (PD) Pumps Market experiences a surge in partnerships among Original Equipment Manufacturers (OEMs) as well
"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 Sensorization, Smart pumps can help conserve energy by pumping out only the required levels of fluid."
Frost & Sullivan's recent analysis, European Positive Displacement Pumps Market, Forecast to 2022, focuses on the application of PD pumps across various industries. The Pumps are segmented as Rotary, Reciprocating, and Peristaltic Pumps. The study presents in-depth analysis of the Drivers and Restraints that impact the Market as well as the Political, Economic, and Technological factors influencing investments in End-user industries.
For further information on this analysis, please visit: http://frost.ly/2mb
"End-user industries' desire for improved hygiene and reduced downtime is especially increasing the uptake of Peristaltic and Rotary Pumps in the Food & Beverage, Biotech, and Pharma sectors," noted Ms.Murali. "The Market will also gain from the enforcement of the EU2020 strategy, which mandates the use of Energy-efficient pumping solutions. Regulations and the increasing environment consciousness among end-users will cause existing Pumps to be replaced with higher-performing, Energy-efficient pumps."
PD pump Manufacturers can tap into additional revenue and adoption opportunities by:
European Positive Displacement Pumps Market, Forecast to 2022 is part of Frost & Sullivan's global Industrial Automation & Process Control Growth Partnership Service program.
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European Positive Displacement Pumps Market, Forecast to 2022MD54-10
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Tags: #FrostandSullivan, #PositiveDisplacement, #PD, #Pump, #Europe, #predictiveanalytics, #remotemonitoring, #IIoT, #cloud, #OperationalTech, #virtualmonitoring, #industrialautomation, #MachineLearning, #EU2020, #AI, #digitaltwin, #3DPrinting #Analytics #BigData
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