Global Fluid Handling Systems Market, By Pump (Centrifugal Pumps, Positive Displacement Pumps), Flow Meter (Magnetic, Coriolis, Differential Pressure, Ultrasonic, Vortex, Turbine, Thermal, Multiphase, Variable Area), Control Valve (Linear Valve, Rotary Valve), Industry (Oil and Gas, Water and Wastewater, Energy and Power, Pharmaceutical, Food and Beverage, Chemical, Building and Construction, Pulp and Paper, Metal and Mining, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Fluid handling systems have taken a crucial role in numerous manufacturing industries throughout the globe. The fluid handling system has found major application in the food and beverage industry due to the additional requirements for sanitation than other sectors. Requirement of stringent sanitary conditions for systems that transport foodstuffs is required by FDA and USDA. ACAPELLA-1K, fluid handling systems are being deployed in pharmaceutical industry as it is capable of preparing 1,000 samples for DNA sequencing in only eight hours.
Global Fluid Handling Systems Market was valued at USD 61493.20 million in 2021 and is expected to reach USD 87449.52 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. Water and Wastewater segment is expected to witness high growth during the forecast period owing to the high use in use in a water treatment plant as well as a wastewater treatment plant. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Fluid handling systems refer to the systems that are utilized for measuring, controlling and directing flow of liquid and various other fluids, including slurries, chemicals, sewage water, and poisonous gases. Approximately 40% of the global CO2 emission reductions is necessary to decline global warming less than 2 °C by 2050, according to a report by International Energy Agency (IEA). This can be attained by improving the efficiency of end-use energy.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Pump (Centrifugal Pumps, Positive Displacement Pumps), Flow Meter (Magnetic, Coriolis, Differential Pressure, Ultrasonic, Vortex, Turbine, Thermal, Multiphase, Variable Area), Control Valve (Linear Valve, Rotary Valve), Industry (Oil and Gas, Water and Wastewater, Energy and Power, Pharmaceutical, Food and Beverage, Chemical, Building and Construction, Pulp and Paper, Metal and Mining, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ALFA LAVAL (Sweden), Enovis (US), Crane Co. (UK), Graco Inc. (US), Flowserve Corporation. (US), Ingersoll Rand (Ireland), iDEX (India), SPX FLOW (US), Dover Corporation (US), Bürkert (Germany), Tecan Trading AG (Switzerland), Thermo Fisher Scientific (US), Eppendorf (Germany), Gilson Incorporated. (US), Hamilton Company. (US), Sartorius AG (Germany), Aurora Biomed Inc. (Canda), and Agilent Technologies, Inc. (US), among others.
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Market Opportunities
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Fluid Handling Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage in Oil and Gas Sector
The increased use of the fluid handling systems in the chemical, and oil and gas industries to handle hazardous chemicals, lubricants and other toxic substances acts as one of the major factors driving the growth of fluid handling systems market. The safe handling of such chemicals is mandatory in these industries.
- Enhancement of Industrial Equipment
The rise in the industrial equipment performance and lubricant life with continuous filtration of lubricants accelerate the market growth. Also, the continuous use of these system assists in lowering machinery repair costs along with the production downtime.
- Use in Pharmaceutical Sector
The rise in the use of fluid handling systems in the pharmaceutical sector to avoid contamination that may occur due to inefficient chemical handling accelerate the market growth. The integration of the fluid handling system in the pharmaceutical sector has become crucial with the need for high-quality pharmaceutical products.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fluid handling systems market.
Opportunities
Furthermore, integration of Internet of Things (IoT) with fluid handling systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development in the fluid handling systems to lower maintenance costs will further expand the market.
Restraints/Challenges
On the other hand, high investment and operational costs of fluid handling systems, and a lower component adoption are expected to obstruct market growth. Also, unorganized sector’s production of components used in these systems and tough competition supplied by local producers are projected to challenge the fluid handling systems market in the forecast period of 2022-2029.
This fluid handling systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fluid handling systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fluid Handling Systems Market
COVID-19 had a negative impact on various industries including fluid handling systems market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The fluid handling systems industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand fluid handling systems was witnessed owing to the limited production and shut down of industries, such as oil and gas sectors, building and construction, and chemical, among others. However, the fluid handling systems market is expected to witness growth in demand after the post-covid-19 situation.
Recent Developments
- Thermo Fischer Scientific and Hamilton Co. launched the ID NIMBUS Presto workstation in April’2020. They integrated Thermo Fisher Scientific's nucleic acid purification strategy and Hamilton's liquid handling expertise. This strategic collaboration assists the company in gaining competitive edge and raise its industrial position.
- Ingersoll Rand completed acquisition of Precision Flow Systems in May’2019. The transaction was completed for USD 1.45 billion from funds advised by BC Partners Advisors L.P. and The Carlyle Group. Precision Flow System is known to deliver facilities of flow management solutions to numerous industries.
Global Fluid Handling Systems Market Scope and Market Size
The fluid handling systems market is segmented on the basis of pump, flow meter, control valve and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Pump
- Centrifugal Pumps
- Positive Displacement Pumps
Flow Meter
- Magnetic
- Coriolis
- Differential Pressure
- Ultrasonic
- Vortex
- Turbine
- Thermal
- Multiphase
- Variable Area
Control Valve
- Linear Valve
Gate Valve
Diaphragm Valve
Other Valves
- Rotary Valve
Ball Valves
Butterfly Valves
Plug Valves
Industry
- Oil and Gas
- Water and Wastewater
- Energy and Power
- Pharmaceutical
- Food and Beverage
- Chemical
- Building and Construction
- Pulp and paper
- Metal and Mining
- Others
Fluid Handling Systems Market Regional Analysis/Insights
The fluid handling systems market is analyzed and market size insights and trends are provided by country, pump, flow meter, control valve and industry as referenced above.
The countries covered in the fluid handling systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fluid handling systems market because of the presence of major biopharmaceutical firms and accessibility to technologically advanced products within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in demand for different types of fluid handling system hardware in various industries, such as building and construction, oil and gas, water and wastewater, and energy and power.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fluid Handling Systems Market
The fluid handling systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fluid handling systems market.
Some of the major players operating in the fluid handling systems market are
- ALFA LAVAL (Sweden)
- Enovis (US)
- Crane Co. (UK)
- Graco Inc. (US)
- Flowserve Corporation. (US)
- Ingersoll Rand (Ireland)
- iDEX (India)
- SPX FLOW (US)
- Dover Corporation (US)
- Bürkert (Germany)
- Tecan Trading AG (Switzerland)
- Thermo Fisher Scientific (US)
- Eppendorf (Germany)
- Gilson Incorporated. (US)
- Hamilton Company. (US)
- Sartorius AG (Germany)
- Aurora Biomed Inc. (Canda)
- Agilent Technologies, Inc. (US)
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