Fluid Handling System Market

The global Fluid Handling System Market is valued at USD 71.86 Billion in 2022 and is projected to reach a value of USD 103.07 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 4.6% between 2023 and 2030.

Premium Insights

The Fluid Handling System market is being driven by the increasing demand for efficient and dependable fluid-handling solutions in various. As manufacturing processes become more complex, there is a growing need for systems that can effectively transport, store, and process liquids, gases, and slurries. The growing demand in manufacturing industries, along with the need to comply with strict government regulations on environmental protection and safety, highlights the importance of Fluid Handling Systems.

• The market is fueled by investments in new infrastructure projects, which demonstrates a broader acknowledgment of the crucial role these systems play in supporting industrial operations and processes,
• North America generated more than 38.5% of revenue share in 2022,
• The Asia Pacific region is expected to grow at the quickest rate from 2023 to 2030,
• The Centrifugal Pumps segment accounted for the largest market growth,
• The Coriolis Flow Meter segment revealed the most significant market growth in 2022,
• The Linear Valve segment accounted for the largest revenue in 2022,
• The Oil & Gas category will dominate the market with the largest market share of 25.2% in 2022.

Economic Insights

The Fluid Handling System market is experiencing strong growth in the economy, driven by the increasing demand for automation and efficiency in industries. This has led to significant investments in advanced fluid-handling technologies. The economic landscape is also influenced by the adoption of sustainable practices, with Fluid Handling Systems becoming more environmentally friendly. This aligns with corporate sustainability goals and a response to environmental regulations.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Top Market Trends

• Increasing Demand for Automation and Efficiency: The industry is striving to meet the growing demand for streamlined processes by adopting increased automation and efficiency in Fluid Handling Systems. This includes minimizing manual intervention, improving precision, and enhancing overall system efficiency.
• Growing Adoption of Single-Use Systems: The increasing popularity of single-use Fluid Handling Systems is primarily due to their convenience and the inherent benefits they provide in mitigating the risk of contamination. These systems are intended for one-time use, eliminating the requirement for cleaning and sterilization after each use.
• Rising Investments in the Pharmaceutical and Biotechnology Industries: Investments in Fluid Handling Systems are seeing a rise in the pharmaceutical and biotechnology industries, as they are crucial for precise fluid handling in different stages of drug manufacturing. These systems guarantee accuracy and consistency, meeting the industries' strict requirements for high-quality and efficient pharmaceutical products.
• Growing Awareness of Environmental Regulations: The increasing awareness of environmental regulations has resulted in more environmentally-friendly Fluid Handling Systems. Industries and facilities are actively searching for solutions that will help them reduce their environmental footprint. These systems can include features such as lower energy usage, less waste production, and the use of materials that have minimal impact on the environment.

Market Segmentation

The Global Fluid Handling System Market is categorized into the segments as mentioned below:

The global Fluid Handling System market can be categorized into Pump , Flow Meter , Control Valve , Industry, Region . The Fluid Handling System market can be categorized into Centrifugal Pumps, Positive Displacement Pumps based on Pump . The Fluid Handling System market can be categorized into Magnetic, Coriolis, Differential Pressure, Ultrasonic, Vortex, Turbine, Thermal, Multiphase, Variable Area based on Flow Meter . The Fluid Handling System market can be categorized into Linear Valve , Rotary Valve based on Control Valve . The Fluid Handling System market can be categorized into Oil & Gas, Water & Wastewater, Energy & Power, Pharmaceutical, Food & Beverages, Chemical, Building & Construction, Pulp & Paper, Metal & Mining, Other Industries based on Industry. The Fluid Handling System market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region .

Based on Pump

Centrifugal Pumps Expected to hold the largest share in Forecast Period

The centrifugal pumps are expected to dominate the Fluid Handling System market. The growth of the centrifugal pump market is mainly driven by the increasing demand within manufacturing sectors like chemical, food and beverage, and oil and gas. The market is also influenced by advancements in pump technologies, such as variable frequency drives (VFDs) and intelligent pump control systems, which improve the efficiency and reliability of centrifugal pumps.

Based on the Flow Meter

Coriolis Flow meter will dominate the market during the Forecast Period

The Coriolis Flow Meter category is expected to dominate the Fluid Handling System market due to its exceptional precision and dependability in measuring various fluids, such as liquids, gases, and slurries. They are commonly used in industries like chemical, food and beverage, oil and gas, and water and wastewater, where high accuracy and reliability are crucial for measuring valuable fluids or overseeing critical processes.

Based on Control Valve

Linear Valve will account for the Largest market share in the Projected Period

The linear valve segment will dominate the Fluid Handling System market because the linear valves are highly accurate and repeatable in controlling the flow of fluids, which is crucial for various applications in the industry. They are suitable for controlling liquids, gases, and slurries, and their superior durability makes them ideal for harsh environments. The growth of the linear valve market is driven by increasing demand in manufacturing industries, heightened awareness of their benefits in terms of accuracy, repeatability, and durability, and the impact of government regulations on environmental protection and food safety, which elevates the demand for linear valves in water and wastewater treatment applications.

Based on Industry

Oil & Gas Category Expected to Dominate the Market in the Projected Period

The oil and gas industry is expected to dominate the Fluid Handling System market due to its heavy reliance on these systems for the transportation, storage, and processing of oil and gas products. The industry is actively investing in innovative technologies to improve the efficiency and reliability of its Fluid Handling Systems. Factors driving this growth include the rising demand for oil and gas products, increased production of shale oil and gas, and increasing recognition of the importance of efficient and reliable Fluid Handling Systems.

Based on Region

North America will Lead the Market in the Predicted Timelines

North America is set to dominate the Fluid Handling System market. The region is home to numerous well-known manufacturers of Fluid Handling Systems, and there is a significant demand for these systems in various industries such as oil and gas, water and wastewater, energy and power, pharmaceuticals, food and beverages, and chemicals. The market in North America is driven by the increasing demand from manufacturing industries, a growing recognition of the various advantages of Fluid Handling Systems, including improved efficiency, reliability, and safety, as well as strict government regulations related to environmental protection and food safety.

Competitive Landscape

The Fluid Handling System market is highly competitive, with key players competing fiercely for market share and recognition. This market is vibrant due to the presence of numerous manufacturers, both established and emerging. Factors such as advancements in technology, innovative fluid handling solutions, and strategic collaborations shape the competitive dynamics. Market players focus on expanding their range of products, improving system efficiency, and adhering to changing industry standards. They also employ strategies like expanding geographically, merging with or acquiring other companies, and forming partnerships to strengthen their global presence and gain a competitive advantage.

The players in the global Fluid Handling System market include Alfa Laval AB (Sweden), Colfax Corporation (U.S.), Crane Co. (U.S.), Flowserve Corporation (U.S.), Graco Inc. (U.S.), Bürkert GmbH & Co. KG (Germany), Dover Corporation (U.S.), INDEX Corporation (U.S.), Ingersoll-Rand PLC (U.S.), SPX Flow Inc. (U.S.) among others.

Recent Market Developments

• The ID NIMBUS Presto workstation was introduced by Thermo Fischer Scientific and Hamilton Co. By combining Thermo Fisher Scientific's nucleic acid purification strategy with Hamilton's liquid handling expertise, this strategic partnership helps the company enhance its competitive advantage and elevate its position in the industry.

Segmentation of the Global Fluid Handling System Market