North American Smart Pumps Market—Impact of IoT, Analytics, and Technology Disruption, Forecast to 2020

North American Smart Pumps Market—Impact of IoT, Analytics, and Technology Disruption, Forecast to 2020

Business Models and Revenue Streams Transform as Innovative Game Changers Deliver Niche Products

RELEASE DATE
17-Mar-2016
REGION
North America
Research Code: K07A-01-00-00-00
SKU: IA01253-NA-MR_17058

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Description

Technology convergence is driving unprecedented change in the manufacturing and process industry. This inspired the term "Kodak Moment," which means a new competitor completely alters the industry’s business model and the incumbent withers away unable to weather the change. The pumps industry is poised to experience the Kodak Moment. This research looks at the transforming pumps landscape, evolving end-user needs, and the gaps in current solutions. It draws inspiration from several other industries to provide insights into how manufacturers can leverage change and capitalize on emerging opportunities through understanding the nuance of the market. Tips are provided on how to develop a compelling solution and create a successful strategy.

Table of Contents

Executive Summary

Market Engineering Measurements

Market Engineering Measurements (continued)

Kodak Moment—Move Fast or Die Soon

Analytics Quandary—Software and Pumps are not Mutually Exclusive

New Business Model—Doing More of the Same is a Sure Way to Fail

Insights Not Data—Focus on Prescriptive Analytics

Killer Apps—Develop Key Features Worth Purchasing

Talk to Our Experts

Research Scope and Market Definitions

Key Questions this Study will Answer

Research Structure

Market Drivers

Drivers Explained—Convergence of Industry Forces

Drivers Explained—Emergence of Digital Transformation

Drivers Explained—Explosion in Connected Devices

Drivers Explained—Evolution of Service Models

Market Restraints

Restraints Explained—Fragmented Vendor Landscape

Restraints Explained—Economic Conditions

Restraints Explained—Risk of Cyber Security

Restraints Explained—End-user Acceptance

Market Engineering Measurements

Market Engineering Measurements (continued)

Smart Pumps Market—Revenue Forecast

Smart Pumps Market—3 Case Scenarios

Revenue Forecast Discussion

Smart Pumps Market—End-user Segments

Smart Pumps Market—Opportunity Analysis

Vertical Market Revenue Forecast Discussion

Vertical Market Revenue Forecast Discussion (continued)

Vertical Market Revenue Forecast Discussion (continued)

Changing Process Equipment Landscape: Adapt or Perish

Pump Technology Evolution Landscape

Challenges with Existing Solutions

Blueprint for Smart Pumps

Case Study 1—Evolution of Decision Making

Implications for Pumps—Changes in End-user’s Approach

Implications for Pumps—Energy Efficiency

Case Study 2: Smart Farms–Sensorization of Agriculture

Implications for Pumps—Systems not Products

Implications for Pumps—Push Data to Clients

Case Study 3: IoT + Smart Devices = Smart Gas Pumps

Implications for Pumps—Revolutionary Innovation

Implications for Pumps: Killer Application

Existing Ecosystem—Key Value Chain Participants

Transformation in Industry Ecosystem

Case Study: New Business Model Innovation

Smart Pumps: Need for Connected Ecosystem

Smart Pump Technology Curve: Top 10 Pump Participants

New Entrants Vie for a Slice of IIoT

Acquisition Radar

The Last Word—3 Big Predictions

Legal Disclaimer

Additional Sources of Information on the Pumps Industry

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Technology convergence is driving unprecedented change in the manufacturing and process industry. This inspired the term "Kodak Moment," which means a new competitor completely alters the industry’s business model and the incumbent withers away unable to weather the change. The pumps industry is poised to experience the Kodak Moment. This research looks at the transforming pumps landscape, evolving end-user needs, and the gaps in current solutions. It draws inspiration from several other industries to provide insights into how manufacturers can leverage change and capitalize on emerging opportunities through understanding the nuance of the market. Tips are provided on how to develop a compelling solution and create a successful strategy.
More Information
No Index No
Podcast No
Author Anand Gnanamoorthy
Industries Industrial Automation
WIP Number K07A-01-00-00-00
Is Prebook No