Growth Opportunities : Industrial Pump Control Panels Market Globally Rise At A CAGR of 5.91% By 2021
Pump control panels are used for controlling pumps by regulating temperature, pressure, and current, with the help of components such as sensors, transmitters, and transducers.
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These pump control panels are used for different purposes including commercial, residential, and industrial applications. The commercial and residential applications mainly include their use in buildings, offices, and agriculture, which are not considered in this report. The market for pump control panels was dominated by commercial and residential sectors for the year 2016 and is expected to maintain the trend in the forecast period.
Technavios analysts forecast the global industrial pump control panels market to grow at a CAGR of 5.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial pump control panels market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Industrial Pump Control Panels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Grundfos
See Water
Siemens
Rockwell Automation
Xylem
Other prominent vendors
AMC
Emerson Electric
Fraklinwater
Harper control solutions
Metron
Primex
Val-Matic
Wastech
Zoeller
Market driver
Increased rate of urbanization and industrialization
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Market challenge
Price fluctuations in raw materials
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Market trend
Integration of industrial pump control panels with SCADA and PLC
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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