1. Market Research

Emerging Technologies—The Future of Pump Services in North America 

  • March 2016
  • 34 pages
  • Frost & Sullivan
Report ID: 3714201

Summary

Table of Contents

Emerging Technologies—The Future of Pump Services in North America : Industry 4.0 Impact on Pump Services Market

Convergence of sensors, machines, work pieces, and IT systems will enable fully integrated data and product flow across various parts of the connected ecosystem in the manufacturing and process industries. Advances in 8 key automation technologies— e.g., Big Data and Analytics, augmented reality, virtualization, 3D printing, and cloud—are the foundation for Industry 4.0 and will spur unprecedented change while pump manufacturers and service providers experience “Uberization,” a complete disruption of the status quo. This research looks at the changing pumps landscape highlighting emerging technologies for specific services, evolving end-user needs, and innovative game changers delivering niche products as pump manufacturers slowly adapt.

Key Findings

Convergence of sensors, machines, workpieces, and IT systems will enable fully integrated data and product flows across various parts of the connected ecosystem.

This convergence is driving advances in 8 key automation technologies that form the foundation for Industry 4.0.

This digital transforming is ushering a set of disruptive technologies that is transforming the manufacturing and process industries and upending the existing vendor ecosystem.

Pump manufacturers and service providers will experience “Uberization” wherein a competitor with an entirely different business model disrupts the existing ecosystem.

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