Fluid Handling Systems Market Globally Expected to Drive Growth through 2023
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The global fluid handling systems market is mainly driven due to the continuous research and development activities taking place which has improved the cost effectiveness and productivity. Installation of new pipelines and building of terminals and storage facilities pertaining to the oil and gas industry will further boost the market growth of the fluid handling systems market. Moreover, the demand for fluid handling systems will also be on the high as a result of the expansion and exploration of new refineries in various regions such as Asia-Pacific, Middle East and Latin America. For example, recent discoveries of large oil and gas sources off the coast of Brazil have brought increased investment activities to the region Furthermore; increasing investments in the power sector as a result of the undergoing structural changes due to environmental regulations will further propel the demand for fluid handling systems in the North America region. On account of changing economic and regulatory factors, the mining industry in Australia and Latin America is expected to show sustained growth which will further drive the market for fluid handling systems. In pharmaceutical industry of Asia Pacific region, demand for fluid handling systems is expected to increase during the forecast period.
However, one of the major restraints hampering the growth of the fluid handling systems market is the stiff competition being offered by the local manufacturers to the established manufacturers. The fluid handling systems being produced by the local manufacturers are often poor in quality as it comes at a lower price point. Due to its price being low, a lot of companies are opting for them and hence possessing a threat to the established players.
Increasing investments in the shale gas sector will act as strong opportunity for the growth of the fluid handling during the forecast period. Industrialization drive in the Asia Pacific region will further attract investments. Moreover, long-term mining and mineral project activity in the Latin America region will further create opportunities for the market to grow. Recent trends have shown that rising demand for efficient value chain for drug manufacturing has resulted various Multinational Corporations (MNC) deploying sophisticated fluid handling systems.
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Some of the key players operating in the fluid handling systems market are Shelton Fluid Technology, Fluid Handling Systems Inc., Ingersoll Rand LLC, Anestiwata Corporation, Flowserve Corporation, Metso Corporation, Pentair Plc, Crane Fluid Inc, Flowtech Industries L.L.P, Entegris Inc., Boyser S.R.L and Graco Inc. among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
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