Flowing Efficiency: Innovations in Fluid Handling Systems

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.

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.

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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.

Additionally, preference for environmental monitoring is anticipated to rise among the public following COVID-19, which is more likely to speed viral detection services and lessen the COVID-19 epidemic. Additionally, there is a rise in the use of environmental monitoring platforms in the healthcare sector due to their numerous advantages, including cost savings for healthcare systems and improved patient care due to a decline in the risk of healthcare-associated infections. In the upcoming years, it is projected that these elements will offer possible growth prospects.

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)

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