Press release
Fluid Handling Systems Market Set to Grow to USD 104.66 Billion by 2030, Driven by Technological Innovations
Global Fluid Handling Systems Market
Fluid Handling Systems Market Overview:
The fluid handling systems market is experiencing significant growth, driven by increasing demand across various industries such as oil and gas, chemical processing, pharmaceuticals, food and beverage, and water treatment. These systems, comprising components like pumps, valves, meters, and seals, are essential for the efficient and safe transport, control, and storage of fluids in industrial processes. The market's expansion is further supported by rapid industrialization, infrastructure development, and the need for advanced fluid management solutions in emerging economies.
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Fluid Handling Systems Market Dynamics:
Several factors are influencing the dynamics of the fluid handling systems market. The increasing focus on operational efficiency and cost optimization across industries is driving the adoption of advanced fluid handling solutions. Technological advancements, such as the integration of smart sensors, IoT-enabled devices, and automation, are enhancing system performance and reliability. However, the market faces challenges like fluctuating raw material prices and the need for skilled personnel to operate and maintain complex systems.
Fluid Handling Systems Market Outlook and Future Trends:
Several factors are influencing the dynamics of the fluid handling systems market. The increasing focus on operational efficiency and cost optimization across industries is driving the adoption of advanced fluid handling solutions. Technological advancements, such as the integration of smart sensors, IoT-enabled devices, and automation, are enhancing system performance and reliability. However, the market faces challenges like fluctuating raw material prices and the need for skilled personnel to operate and maintain complex systems.
Key Recent Developments:
The fluid handling systems industry has witnessed notable developments recently. In October 2023, a major company launched its e-Mobility Innovation Centre, aiming to advance thermal and fluid systems solutions for electric vehicles. Additionally, in February 2024, another key player appointed a strategic distributor for its ultra-precise fluid control solutions in European markets. These developments reflect the industry's focus on innovation and strategic partnerships to enhance market presence and meet evolving customer needs.
Fluid Handling Systems Market Segmentation:
by Pumps
Centrifugal
Positive Displacement
by Control Valves
Sliding
Linear Valve
Gate Valve
Diaphragm Valve
Other Valves
Rotatory
Ball Valves
Butterfly Valves
Plug Valves
Others
by Flow Meter
Magnetic
Coriolis
Differential Pressure
Ultrasonic
Vortex
Turbine
Thermal
Multiphase
Variable Area
by End-User
Industry Automobile
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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Some of the current players in the Fluid Handling Systems Market are:
1. Shelton Fluid Technology
2. Fluid Handling Systems Inc.
3. Ingersoll Rand LLC
4. Anestiwata Corporation
5. Flowserve Corporation
6. Metso Corporation
7. Pentair Plc
8. Crane Fluid Inc
9. Flowtech Industries L.L.P
10. Entegris Inc.
11. Boyser S.R.L
12. Graco Inc.
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