DUBLIN, September 29, 2017 /PRNewswire/ --
The "Global Industrial Pump Control Panels Market 2017-2021" report has been added to Research and Markets' offering.
The global industrial pump control panels market to grow at a CAGR of 5.91% during the period 2017-2021.
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.
The latest trend gaining momentum in the market is Integration of industrial pump control panels with SCADA and PLC. Industrial pump control panels are used for controlling pumps and giving inputs for its proper functioning. This automatic processing helps in avoiding damage to the pump by regulating the pressure and temperature sensors. These control panels are regulated by PLCs, where one PLC can control various control panels, depending on the plant size and number of control panels used. These are mainly used for remote monitoring of the entire system. The PLCs are regulated by enterprise software such as SCADA. SCADA is used for controlling and giving inputs to the control systems, such as PLCs, which regulate the industrial pump control panels.
According to the report, one of the major drivers for this market is Increased rate of urbanization and industrialization. Rapid growth in global urban population has influenced the market of pump controllers in the commercial and residential sectors as well as industries such as the water and wastewater industry. This led to an increase in the demand for general pump control panels used for industrial purposes as well as fire pump control panels used in the commercial, residential, and industrial sectors. Industrialization is leading to the establishment of many plants around the world, which needs a safety system. This safety system includes fire pumps used in emergencies, and the number of such pumps in industries depends on the area of the plant. Thus, the demand for fire pumps as well as the pump control panels regulating them is expected to increase over the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Price fluctuations in raw materials. Industrial pump control panels are designed to withstand and perform under critical environmental conditions. Thus, raw materials that have high melting point and ruggedness are preferred. These properties ensure their use in multiple applications in the industries. The prices of these raw materials are highly dependent on the factors such as inflation, demand, production, and availability. The prices of raw materials are highly volatile with respect to the demand-supply curve. These factors affect the cost of production of industrial pump control panels for established vendors, whereas new vendors find these fluctuations not feasible for their business and face high difficulty in coping up with it.
- See Water
- Rockwell Automation
Other prominent vendors
- Emerson Electric
- Harper control solutions
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By End-User
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/s6bv6q/global_industrial
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SOURCE Research and Markets