The
industrial pump market has always experienced consistent growth across the globe, but the next decade could yield an even higher demand. As improved infrastructure development continues to be a priority for numerous countries, the need for quality industrial pumps will increase drastically as well.
Other factors expected to heighten the demand of the industrial pumps market include growth in several end-use application segments, increased opportunities in different regions throughout the globe, and the growing demand for centrifugal industrial pumps.
In India, the
industrial pumps market is expected to reach over $2 billion by 2026. Water & wastewater, chemical, pharmaceutical, construction, food and beverage, and mining are the major end-users in India. Factors such as the increased focus on energy-efficient products in the water and wastewater industry, the development of generic pharmaceutical production, rapid urbanization, and the rise in massive housing schemes and expansion in infrastructural projects are likely to influence the growth of industrial pumps in India.
In this article, we have explored the major trends in the industrial pump market that will take center stage in the days to come.
Digitization of Pumps
Internet of Things (IoT) is an emerging digital solution that has revolutionized the $2.8 trillion and $6.7 trillion worth smart infrastructure sector. The integration of IoT in such pump solutions, develops a human-machine interface that allows for a closer look into operating pumps in real-time with lesser human effort. Smart sensors, a significant asset of IoT, is an example of this, which integrates embedded sensors and external sensor arrays. IoT’s interconnectivity creates a network of every device equipped with smart solutions for an ecosystem of wireless connections across a facility to work in unison.
Digitalization brought revolutionary applications and technologies to pump development. Lately, innovators are leveraging big data by integrating digital technologies to the pump systems. This will help to optimize their effectiveness by studying, foreseeing and rectifying recurring damages. Big data analytics help in proactively monitoring the history of a pump system to be serviced accordingly.
This reduces servicing time and increases accuracy in rectifying failures within shorter periods of times. This ability of big data prevents disruption of work in more extensive facilities where several systems are interdependent on one another, and the stoppage of one such unit may put a pause on the overall outcome. Pumps can, therefore, perform non-compliance reporting and alarming, reduce water loss and ensure a better quality of water management.
Variable Speed Flow Controller
Many industries require the dispensing of chemicals at varying yet precise flow rates, and providing a different pump for each application simply isn’t practical. One example is the dairy industry and its use of products to minimize the infection in milking cows.
Each farm needs to calibrate chemical injections into its sanitization stations at specific levels to ensure even coverage and minimize somatic cell counts which, unchecked, can lead to mastitis and reduced milk quality. While each dairy operation could alter its pump’s pumping in an attempt to achieve proper flow based on changing needs, it would likely result in wasted product and lost efficiency, and lead to premature pump failure.
Adjustable flow rate pumps have been around in laboratory settings, but their use in commercial applications has been expensive and typically resulted in frequent breakdowns due to demanding conditions and use. The year 2022 provides options for more industries by way of variable speed flow controllers on industrial grade commercial pumps. Operators can fine tune precise flow rates with the of a knob, easily changing the voltage and motor speed to achieve ultra-precise dispensing of products.
Compact Pumps
For years, technology manufacturers have been designing products to pack more power and functionality into smaller products. Likewise, manufacturers of commercial cleaning equipment, misters, agricultural sprayers, hydrostatic testers, and other applications continue to streamline to improve mobility, create efficiencies, and ease the burdens placed on pump operators.
Some in the pump industry are innovating by engineering compact high-pressure commercial pumps to fit into increasingly tighter spaces while also having higher output, greater fluid control, and unrivaled durability. For OEMs looking to improve their products from a performance, mobility, and even an aesthetic perspective, working with a custom pump manufacturer with specialized engineers will be imperative.
Progressing Ahead
Pumps are one of the oldest and most essential pieces of machinery in our industrial repertoire, playing a vital role in everything from irrigation to sewage treatment. And while they may not be the most glamorous machines around, they are constantly evolving and improving, with new technologies and designs emerging all the time.
In the coming days, more implementation of cutting edge technologies like AR,VR, etc is set to create a paradigm shift in the industry. Moreover, today the industry is also witnessing novel concepts like – 3D printed pumps, wearable pumps actively hitting the market.
