LONDON--(BUSINESS WIRE)--Technavio’s latest report on the pumps market in India 2016-2020 provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Anju Ajaykumar, a lead analyst from Technavio, specializing in research on unit operations sector, says, “The pump market in India is expected to grow at a CAGR of close to 10%. Expansion of the agriculture sector coupled with erratic monsoon and water scarcity in the country will substantially drive the pump market in India. Increased government investment toward improving the country’s agricultural infrastructure along with policies that provide highly subsidized power supply to farmers augurs well for pump manufacturers in the country.”
The top three emerging trends driving the pumps market in India according to Technavio heavy industry research analysts are:
- Magnetic drive pumps
- Emergence of intelligent pump systems and micro disc pump technology
- Next-generation industrial automation
Magnetic drive pumps
Magnetic drive pumps are being used in a broad range of applications with new demands, therefore, it is crucial for these pumps to respond to new trends in the market. Though magnetic drive pumps are mostly used in corrosive chemical applications and applications that involve difficult-to-seal fluids, manufacturers are working toward making them more efficient with enhanced characteristics such as corrosion resistance under severe conditions and dry running capabilities.
Many companies are undertaking the manufacture of magnetic drive technology as it is gaining popularity among end-users in the market. These vendors also offer expanded offerings with more options, types, and sizes to cater to the evolving trends in green technology and comply with stringent emission regulations. The growth of magnetic drive pumps is fueled by stringent GHG emission regulations and safety legislations.
At lower concentrations, the cost of treating wastewater is restrictive, so it is allowed to reach higher levels of concentration where a magnetic drive pump can be used. Owing to emission control norms in many industries, there has been an increase in process streams, which has significantly influenced the market for magnetic drive pumps and resulted in extensive material offerings. As a result, highly corrosion-resistant resins and fully fluorinated elastomer sealing elements are gaining ground.
Increasing use of green technology is also opening new markets for magnetic drive pumps in the production of biodiesel fuels, where mixtures of solvents and caustics create difficulties in sealing. Ethanol production also creates magnetic drive applications for acids used in functions such as pH trim and clean-in-place-systems.
Emergence of intelligent pump systems and micro disc pump technology
An intelligent pump can control and regulate the flow or pressure of the fluid. This type of pump can adjust to process changes and pump system changes, and has a fault-tolerant design. Many manufacturers are expected to adopt these intelligent pump systems because they reduce the total cost of ownership without compromising performance parameters. For instance, Grundfos "iSOLUTIONS" uses pump intelligence to ensure pumps, control and protection, drives, communication, and measurement units work together as one integrated system, with energy-efficient operations.
Micro disc pump technology helps manufacturers develop small-size and energy-efficient disc pumps. Many emerging trends such as miniaturization, portability, and discrete operation drive the demand for small, silent, energy-efficient, and high-performance pumps. Disc pumps are already being used in medical applications such as wound therapy and blood pressure measurement. Also, disc pumps are used in microfluidic and centrifugal applications where size, noise, and controllability are important factors. The development of micro disc pump technology is expected to favor the growth of the centrifugal pump market during the forecast period.
Next-generation industrial automation
With the advent of the digital revolution, process pumps that were previously not considered as a component of the control system came to be distinctly connected to automation architecture. This process began with the invention of intelligent variable speed drives (VFDs), which have the embedded knowledge about pumps and their performance, and endow them with inherent energy and reliability benefits. Embedded pump intelligence enhances the asset management capacities of the drive and control system.
Compared to the traditional technology, at present, there is a complete convergence of pump and information technology, as manufacturers are increasingly embedding intelligence in the drivers, including VFDs and induction motors. They are also physically implanting chips in the motors that convey parameters such as vibration, temperature, and original equipment specifications, which a user can access using wireless communication.
The next-generation industrial automation will enable every component of a pumping system to have its Internet Protocol (IP) address that will allow it to communicate via embedded intelligence with every other component in the system. All components including the motor, pump, piping, control valve, instruments, and control system will be able to communicate in real time, enabling all the components in the system to make adaptive changes so that the overall performance is optimized. With more information flow from the system and communication via cloud, the Internet of things (IoT) will have a wide-scale application in terms of collection and assimilation of important data.
IoT will be used along with predictive analytics to enable pump users to receive predictions about the pump system and process performance not only when a particular component, process, or system fails but also to de-bottleneck the process.
“Rise in demand for precision and increasing labor wages are expected to lead to automation in the manufacturing sector. This will accelerate the demand for automation in the manufacturing sector in India, thereby driving the demand for automated pump systems that are linked into the production line. This is expected to create a demand for upgrades and replacement of existing pump sets with advanced automated pumping solutions,” says Anju.
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