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The Fluid Handling Systems Market size was estimated at USD 71.7 billion in 2023 and is expected to reach USD 104.33 billion by 2031 at a CAGR of 4.8% during the forecast period of 2024-2031.
Fluid handling systems are made up of many components that help in the effective and safe storage and movement of fluids for various activities. Fluid handling systems are utilized in a variety of applications such as cooling, heat transfer, filtration, dispensing, metering, storage, flow control, and media separation, among others, in many end-use industries. Manufacturers in the fluid handling systems market are concentrating their efforts on creating sophisticated fluid handling systems, such as automated fluid handling systems, to obtain a competitive edge over other market participants. These automated fluid handling systems are used in the pharmaceutical business and may be tailored to meet the needs of the user.
MARKET DYNAMICS
DRIVER
Rising Water and Wastewater Management Demand
Technological Progress
The growing global emphasis on water conservation and wastewater treatment is driving up demand for fluid handling systems in urban and industrial settings. Fluid handling technologies, such as pumps, valves, and sensors, are constantly improving the performance and dependability of these systems.
RESTRAIN
Expensive initial investment The expense of deploying modern fluid handling systems can be significant, particularly for smaller enterprises, creating a barrier to entry.
Regular maintenance and operational expenditures connected with fluid handling systems can be substantial, influencing the overall cost of ownership.
Market Fragmentation The fluid handling system market is extremely fragmented, with several small and medium-sized competitors, resulting in price rivalry and narrow profit margins.
OPPORTUNITY
Emerging Markets (EM) Due to rising industrialization and urbanization, moving into emerging countries, particularly in Asia-Pacific and Latin America, provides considerable potential.
Customization In the fluid handling system market, the capacity to provide customized solutions adapted to specific industrial demands can be a competitive advantage.
CHALLENGES
The competition is fierce.
Complexity of technology
Disruptions in the Supply Chain
With several worldwide and regional competitors, the fluid handling system market is extremely competitive, making it difficult for new entrants to establish a firm footing. Manufacturers may find it difficult to keep up with rapid technological breakthroughs and integrate new technology into current systems. Natural catastrophes and pandemics can interrupt the supply chain, reducing the availability of crucial components and resources.
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
Sanctions and export restrictions because of the war, nations may impose export restrictions and penalties on specific items and technologies. This has the potential to have an impact on the worldwide commerce of fluid handling systems and related components. Critical Infrastructure Investment In some instances, conflicts can encourage governments to invest in crucial infrastructure, such as water supply and wastewater treatment facilities. This may present opportunities for fluid handling system vendors in afflicted areas. Changes in Market Dynamics As enterprises adjust to shifting geopolitical situations, the fluid handling system market may see changes in competitiveness and market dynamics. To reduce risks, new firms may enter the market, and current businesses may create alliances or explore other markets.
IMPACT OF ONGOING RECESSION
Mergers and conglomerations Recessions can lead to industry consolidation as larger businesses attempt to buy weaker competitors or develop strategic alliances to bolster their market positions. Aftermarket Services As organizations attempt to extend the life of existing equipment rather than invest in new systems, aftermarket services such as maintenance, repairs, and replacement parts for current fluid handling systems may see a rise in demand.
KEY MARKET SEGMENTATION
By Product Type
• Pumps
• Valves
• Filters
• Hoses
By Application
• Fluid Transfer
• Fluid Mixing
• Fluid Filtration
• Fluid Storage
By End User
• Oil & Gas Industry
• Chemical Industry
• Water & Wastewater Treatment
• Food & Beverage
• Power generation
• Others
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
North America is a mature market for fluid handling systems, with a significant demand for innovative technology and a strong presence of key industry competitors. The United States is the region's largest market for fluid handling systems.
Europe is an important market for fluid handling systems, owing to rising demand for energy-efficient solutions and environmentally friendly technology. The region boasts a significant presence of market leaders as well as a developed industrial sector.
Asia-Pacific Driven by rising demand from China, India, and Japan, Asia-Pacific is a fast-expanding market for fluid handling systems. The region is distinguished by a rapidly expanding industrial sector as well as a significant demand for energy-efficient technology.
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The major key players are Alfa Laval, KSB Company, Crane Co., Colfax Fluid Handling, Graco, VRC Industrial Solutions, Watec Fluid Handling Systems Co., Ltd, Raymond Network, Parker Hannifin, Chesterton, LobePro, IFH Group, Alemite Lubrication, Des-Case Corporation, Dover, Alfa Wasserman, Fraser Ross Ltd, and others.
RECENT DEVELOPMENT
Dover: In 2022, Dover acquired Witte Pumps & Technology GmbH, a manufacturer of precision pumps and gears. Witte is well-known for its expertise and cutting-edge technical solutions in the chemical, plastics, and food processing industries.
Alfa Laval: In 2021, Alfa Laval introduced a revolutionary pump system for the fluid handling sector. The pump's unique design focuses on ensuring efficient performance that meets the most recent global cleaning standards while also allowing for simple maintenance.
Report Attributes | Details |
Market Size in 2023 | US$ 71.7 Bn |
Market Size by 2031 | US$ 104.33 Bn |
CAGR | CAGR of 4.8% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
• By Product Type (Pumps, Valves, Filters, Hoses), • By Application (Fluid Transfer, Fluid Mixing, Fluid Filtration, Fluid Storage) • By End User (Oil & Gas Industry, Chemical Industry, Water & Wastewater Treatment, Food & Beverage, Power Generation, Others)
|
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | Alfa Laval, KSB Company, Crane Co., Colfax Fluid Handling, Graco, VRC Industrial Solutions, Watec Fluid Handling Systems Co., Ltd, Raymond Network, Parker Hannifin, Chesterton, LobePro, IFH Group, Alemite Lubrication, Des-Case Corporation, Dover, Alfa Wasserman, Fraser Ross Ltd |
Key Drivers | • Rising Water and Wastewater Management Demand • Technological Progress The growing global emphasis on water conservation and wastewater treatment is driving up demand for fluid handling systems in urban and industrial settings. Fluid handling technologies, such as pumps, valves, and sensors, are constantly improving the performance and dependability of these systems. |
Market Opportunity | • Emerging Markets (EM) Due to rising industrialization and urbanization, moving into emerging countries, particularly in Asia-Pacific and Latin America, provides considerable potential. • Customization In the fluid handling system market, the capacity to provide customized solutions adapted to specific industrial demands can be a competitive advantage. |
Ans: The Fluid Handling Systems Market is expected to grow at a CAGR 4.8% from 2023 to 2030.
Ans: According to our analysis, the Fluid Handling Systems Market is anticipated to reach USD 6.5 billion By 2030.
Ans: The advantages of utilizing a fluid handling system include increased efficiency, precision, and control over fluid flow; less downtime and maintenance costs; and increased safety.
Ans: The leading participants the Alfa Laval, KSB Company, Crane Co., Colfax Fluid Handling, Graco, VRC Industrial Solutions, and Watec Fluid Handling Systems Co.
Ans: Yes, you may request customization based on your company's needs.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fluid Handling Systems Market, By Component
8.1 Pump
8.2 Centrifugal
8.3 Positive Displacement
8.4 Control Valves
8.5 Sliding
8.6 Rotary
8.7 Others
8.8 Storage Tanks
8.9 Others
9. Fluid Handling Systems Market, By End-Use
9.1 Industry
9.2 Chemical
9.3 Food Processing
9.4 Power Generation
9.5 Marine
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Fluid Handling Systems Market, by Country
10.2.2North America Fluid Handling Systems Market, By Components
10.2.3 North America Fluid Handling Systems Market, By End-Use
10.2.4 USA10.2.4.1 USA Fluid Handling Systems Market, By Components
10.2.4.2 USA Fluid Handling Systems Market, By End-Use
10.2.5 Canada10.2.5.1 Canada Fluid Handling Systems Market, By Components
10.2.5.2 Canada Fluid Handling Systems Market, By End-Use
10.2.6 Mexico
10.2.6.1 Mexico Fluid Handling Systems Market By Components
10.2.6.2 Mexico Fluid Handling Systems Market By End-Use
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Fluid Handling Systems Market by Country
10.3.1.2 Eastern Europe Fluid Handling Systems Market By Components
10.3.1.3 Eastern Europe Fluid Handling Systems Market By End-Use
10.3.1.4 Poland
10.3.1.4.1 Poland Fluid Handling Systems Market By Components
10.3.1.4.2 Poland Fluid Handling Systems Market By End-Use
10.3.1.5 Romania
10.3.1.5.1 Romania Fluid Handling Systems Market By Components
10.3.1.5.2 Romania Fluid Handling Systems Market By End-Use
10.3.1.6 Hungary
10.3.1.6.1 Hungary Fluid Handling Systems Market By Components
10.3.1.6.2 Hungary Fluid Handling Systems Market By End-Use
10.3.1.7 Turkey
10.3.1.7.1 Turkey Fluid Handling Systems Market By Components
10.3.1.7.2 Turkey Fluid Handling Systems Market By End-Use
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Fluid Handling Systems Market By Components
10.3.1.8.2 Rest of Eastern Europe Fluid Handling Systems Market By End-Use
10.3.2 Western Europe
10.3.2.1 Western Europe Fluid Handling Systems Market by Country
10.3.2.2 Western Europe Fluid Handling Systems Market By Components
10.3.2.3 Western Europe Fluid Handling Systems Market By End-Use
10.3.2.4 Germany
10.3.2.4.1 Germany Fluid Handling Systems Market By Components
10.3.2.4.2 Germany Fluid Handling Systems Market By End-Use
10.3.2.5 France
10.3.2.5.1 France Fluid Handling Systems Market By Components
10.3.2.5.2 France Fluid Handling Systems Market By End-Use
10.3.2.6 UK10.3.2.6.1 UK Fluid Handling Systems Market By Components
10.3.2.6.2 UK Fluid Handling Systems Market By End-Use
10.3.2.7 Italy
10.3.2.7.1 Italy Fluid Handling Systems Market By Components
10.3.2.7.2 Italy Fluid Handling Systems Market By End-Use
10.3.2.8 Spain
10.3.2.8.1 Spain Fluid Handling Systems Market By Components
10.3.2.8.2 Spain Fluid Handling Systems Market By End-Use
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Fluid Handling Systems Market By Components
10.3.2.9.2 Netherlands Fluid Handling Systems Market By End-Use
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Fluid Handling Systems Market By Components
10.3.2.10.2 Switzerland Fluid Handling Systems Market By End-Use
10.3.2.11 Austria
10.3.2.11.1 Austria Fluid Handling Systems Market By Components
10.3.2.11.2 Austria Fluid Handling Systems Market By End-Use
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Fluid Handling Systems Market By Components
10.3.2.12.2 Rest of Western Europe Fluid Handling Systems Market By End-Use
10.4 Asia-Pacific
10.4.1 Asia Pacific Fluid Handling Systems Market by Country
10.4.2 Asia Pacific Fluid Handling Systems Market By Components
10.4.3 Asia Pacific Fluid Handling Systems Market By End-Use By Components
10.4.4 China
10.4.4.1 China Fluid Handling Systems Market By Components
10.4.4.2 China Fluid Handling Systems Market By End-Use
10.4.5 India
10.4.5.1 India Fluid Handling Systems Market By Components
10.4.5.2 India Fluid Handling Systems Market By End-Use
10.4.6 Japan
10.4.6.1 Japan Fluid Handling Systems Market By Components
10.4.6.2 Japan Fluid Handling Systems Market By End-Use
10.4.7 South Korea
10.4.7.1 South Korea Fluid Handling Systems Market By Components
10.4.7.2 South Korea Fluid Handling Systems Market By End-Use
10.4.8 Vietnam
10.4.8.1 Vietnam Fluid Handling Systems Market By Components
10.4.8.2 Vietnam Fluid Handling Systems Market By End-Use
10.4.9 Singapore
10.4.9.1 Singapore Fluid Handling Systems Market By Components
10.4.9.2 Singapore Fluid Handling Systems Market By End-Use
10.4.10 Australia
10.4.10.1 Australia Fluid Handling Systems Market By Components
10.4.10.2 Australia Fluid Handling Systems Market By End-Use
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Fluid Handling Systems Market By Components
10.4.11.2 Rest of Asia-Pacific Fluid Handling Systems Market By End-Use
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Fluid Handling Systems Market by Country
10.5.1.2 Middle East Fluid Handling Systems Market By Components
10.5.1.3 Middle East Fluid Handling Systems Market By End-Use
10.5.1.4 UAE
10.5.1.4.1 UAE Fluid Handling Systems Market By Components
10.5.1.4.2 UAE Fluid Handling Systems Market By End-Use
10.5.1.5 Egypt
10.5.1.5.1 Egypt Fluid Handling Systems Market By Components
10.5.1.5.2 Egypt Fluid Handling Systems Market By End-Use
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Fluid Handling Systems Market By Components
10.5.1.6.2 Saudi Arabia Fluid Handling Systems Market By End-Use
10.5.1.7 Qatar
10.5.1.7.1 Qatar Fluid Handling Systems Market By Components
10.5.1.7.2 Qatar Fluid Handling Systems Market By End-Use
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Fluid Handling Systems Market By Components
10.5.1.8.2 Rest of Middle East Fluid Handling Systems Market By End-Use
10.5.2 Africa
10.5.2.1 Africa Fluid Handling Systems Market by Country
10.5.2.2 Africa Fluid Handling Systems Market By Components
10.5.2.3 Africa Fluid Handling Systems Market By End-Use
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Fluid Handling Systems Market By Components
10.5.2.4.2 Nigeria Fluid Handling Systems Market By End-Use
10.5.2.5 South Africa
10.5.2.5.1 South Africa Fluid Handling Systems Market By Components
10.5.2.5.2 South Africa Fluid Handling Systems Market By End-Use
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Fluid Handling Systems Market By Components
10.5.2.6.2 Rest of Africa Fluid Handling Systems Market By End-Use
10.6 Latin America
10.6.1 Latin America Fluid Handling Systems Market by Country
10.6.2 Latin America Fluid Handling Systems Market By Components
10.6.3 Latin America Fluid Handling Systems Market By End-Use
10.6.4 Brazil
10.6.4.1 Brazil Fluid Handling Systems Market By Components
10.6.4.2 Brazil Fluid Handling Systems Market By End-Use
10.6.5 Argentina
10.6.5.1 Argentina Fluid Handling Systems Market By Components
10.6.5.2 Argentina Fluid Handling Systems Market By End-Use
10.6.6 Colombia
10.6.6.1 Colombia Fluid Handling Systems Market By Components
10.6.6.2 Colombia Fluid Handling Systems Market By End-Use
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Fluid Handling Systems Market By Components
10.6.7.2 Rest of Latin America Fluid Handling Systems Market By End-Use
11. Company Profile
11.1 Alfa Laval
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 KSB Company
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Crane Co
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Colfax Fluid Handling
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Graco
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 VRC Industrial Solutions
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Watec Fluid Handling Systems Co., Ltd
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Raymond Network
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Parker Hannifin
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Chesterton
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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