Emerging Technologies—The Future of Pump Services in North America
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.
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