Fluid Handling System Market size was valued at USD 67.67 Billion in 2021 and is projected to reach USD 101.42 Billion by 2030, growing at a CAGR of 4.6 % from 2023 to 2030.
The development of terminals and storage facilities for the oil and gas industry, as well as the installation of new pipelines, will all contribute to the growth of the fluid handling system market. One of the major factors influencing the growth of the Fluid Handling System Market is the fierce competition offered by local producers to established manufacturers. In the chemical and wastewater management industries, there is a considerable demand for cutting-edge systems. The market is comprehensively evaluated in the study on the global fluid handling system market. The research provides in-depth analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other elements.
Market Overview:
Lubricants, dangerous chemicals, and other toxic materials must be handled via fluid handling systems in the chemical and oil & gas industries. It is crucial to handle these compounds safely. Continuous lubricant filtration can considerably improve the performance and longevity of industrial equipment, as well as minimize maintenance costs and production downtime. During the production of pulp and paper, several chemicals must be supplied, and a large number of variables must be monitored and controlled. The advantages of fluid handling systems that were just mentioned enhance the world market.
Fluid management techniques are significantly used in the pharmaceutical industry. Ineffective chemical handling might result in contamination. The production process presents a number of challenges for the business in terms of preventing contamination and assuring the quality and safety of the final product. The industry’s adoption of the fluid handling system is supported by the need for top-notch pharmaceutical items around the world. Lower component adoption and replacement rates are projected to hinder the global market for fluid handling systems. The manufacture of fluid handling system components by the unorganized sector has an effect on the market share that has already been established. However, one of the main obstacles impeding the growth of the Fluid Handling System is the fierce rivalry provided by local makers to established manufacturers.
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Segmentations:
Global Fluid Handling System: Major Players
Goldring Industries Limited
Colfax Corporation
IFH Group
PSG – DOVER CORPORATION
GRUNDFOS
Malema Engineering Corporation
Ingersoll Rand Inc.
Alfa Wassermann, Inc.
Kadant Inc.
Sulzer Ltd
Entegris, INC.
EBARA International Corporation
ALFA LAVAL AB
Raumedic AG
Des-Case Corporation
Graco Inc.
Flowserve Corporation
ANEST IWATA Corporation
Cummins-Wagner Co., Inc.
Pentair Ltd.
Global Fluid Handling System: By Types
Fluid meters
Control valves
Hoses
Tanks and collectors
Pressure regulators
Filters
Other Accessories (switches, sensors etc.)
Global Fluid Handling System: By Applications
Oil and gas
Pharmaceutical
Chemical
Pulp & paper
Power generation
Mining
Food & beverage
Water & wastewater treatment
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Reports on the Fluid Handling System. An extensive analysis was compiled to provide the most recent information on the market’s critical characteristics for fluid handling systems worldwide. This research offers a thorough review of important market elements, including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancement. According to the type, application, and region of consumption of Fluid Handling System, this study breaks down the market size, revenue, and growth of the Fluid Handling System industry. The industry was subjected to a PESTEL analysis in the research to investigate its primary influencing factors and entrance barriers.
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