- A pump control panel is used to monitor the running status of a motor, to control electric motors that power mechanical pumps, and to check alarm status. A pump control panel comprises components such as pilot devices for operator control, sensors to protect the pump, and power components to control the pump motor.
- Additional sensors in the pump control panels are used to observe or monitor the process of pump operations. Pump control panels are also used to protect the pump motors from overheating, and dryness.
- A pump control panel provides the real time status of process variables required to protect and control the pump. Some of the process variables are motor overloads –used to check real time load on pump motor, temperature sensors – used to check the real time temperature rating, level sensors –to check the dryness of the pump, flow sensors –to verify that the fluid is moving in the pump, and pressure sensors – used to control the pump and to adjust speed of the motor.
- The global pump control panels market is predicted to expand at a rapid pace during the forecast period, owing to increased demand for pump control panels in different industries such as food & beverages, chemical, oil & gas, manufacturing, water treatment, and power generation.
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Pump Control Panels Dynamics
Key Drivers and Restraints of the Pump Control Panels Market
- Rising investment in water & wastewater treatment and increasing demand for pump control panels from the chemical industry are some of the major factors projected to propel the market growth in the next few years.
- A rise in the number of chemical factories around the world and in some of the developing economies such as India and China is another major factor expected to fuel the demand for pump control panels globally. For instance, according to India Brand Equity Foundation, the chemical sector is expected to expand at a CAGR of 15%-20% by 2025 in India.
- Furthermore, rise in demand for pump control panels from the oil & gas industry is anticipated to fuel their demand.
- The increasing use of pump control panels in sewage, dewatering, and well stations in the water and wastewater industry is anticipated to boost the pump control panel market in the near future.
- Rise in the rate of urbanization and industrialization are some of the other major factors anticipated to boost the market globally.
- Growing adoption of IIoT-enabled machinery in the water and wastewater industry and implementation of Industry 4.0 are also expected to spur the market globally.
- Availability of inferior quality and low cost pump control panels are factors expected to hinder the market growth in the upcoming years.
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Three-phase Power Segment has Significant Growth Potential
- Under the power segment, three-phase power accumulated the major share of the pump control panels market.
- This is primarily due to the increase in the use of three-phase power pump control panels in major sectors such as petrochemicals, chemicals, oil and gas, mining, and food and beverage. This in turn is expected to drive the market in the forthcoming years.
North America to Hold Major Share of the Pump Control Panels Market
- North America dominated the global pump control panels market, accounting for significant share. The U.S. is the key market in North America due to high demand for pump control panels in the country.
- The pump control panels market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to rising focus on digitalization and rapid industrialization in India and China, which is anticipated to propel the industry segment of the pump control panels market across the region.
- Furthermore, growing demand for pump control panels in agricultural applications such as irrigation, horticulture, chemical injection, dairy farms, and liquid metering, especially in Asia Pacific, is anticipated to drive the market in the region in the upcoming years.
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