Smart Pump Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theSmart Pump Market?
The rise in oil and gas production activities is expected to drive the growth of the smart pump market. Oil and gas production, driven by increasing energy demands, particularly in developing economies, and advances in extraction technologies, is growing. Smart pumps in oil and gas production optimize efficiency by using real-time data to control fluid flow, reducing energy use and operational costs. For example, the UAE’s crude oil reserves grew from 107 billion barrels in 2022 to 111 billion barrels in 2023. Therefore, growth in oil and gas production is driving the smart pump market.
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#What Long-Term Growth Rate is Expected for theSmart Pump Market Between 2025 and 2034?
The smart pump market size has grown significantly in recent years. It will increase from $0.99 billion in 2024 to $1.08 billion in 2025, with a CAGR of 8.7%. The growth can be attributed to the rising prevalence of chronic diseases, the growing demand for home healthcare, the aging population, expanding healthcare facilities, and the emphasis on patient safety.
The smart pump market is projected to grow to $1.49 billion by 2029, at a CAGR of 8.4%. The growth is attributed to rising healthcare expenditure, the growing adoption of telehealth services, the need for operational efficiency in hospitals, improved patient outcomes, and an increase in outpatient procedures. Key trends include AI integration, enhanced data analytics capabilities, a focus on interoperability, the expansion of remote patient monitoring, and increased collaboration among healthcare stakeholders.
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Which Upcoming Market Trends and Innovations Are Set to Influence theSmart Pump Market’s Path Forward?
Companies in the smart pump market are introducing innovative solutions like IoT-based remote pump monitoring systems to improve efficiency, predict maintenance needs, and prevent breakdowns. These systems enable real-time monitoring of pump performance through internet-connected sensors and software. In August 2022, Kirloskar Brothers Limited (India) launched KirloSmart, an IoT-based remote pump monitoring system. It provides real-time monitoring, troubleshooting, and predictive maintenance, offering enhanced features like 4G/5G compatibility and advanced analytics for better energy savings and pump longevity.
Who Are the Dominant Market Players Pushing the Boundaries of theSmart Pump Market?
Major companies operating 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
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What Are the Core Segments of the Smart Pump Market, and How Do They Contribute to Growth?
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
Subsegments:
1) By Centrifugal Pumps: Horizontal Centrifugal Pumps, Vertical Centrifugal Pumps, Submersible Centrifugal Pumps, Magnetic Drive Centrifugal Pumps
2) By Positive Displacement Pumps: Gear Pumps, Diaphragm Pumps, Piston Pumps, Screw Pumps, Peristaltic Pumps
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What Regions Are Dominating the Smart Pump Market Growth?
North America was the largest region in the smart pump market in 2024. The regions covered in the smart pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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