The Fluid Handling System Market is expected to exhibit significant growth between 2017 and 2023. The Fluid Handling System Market Report is an analytical guide providing information about the key company profiles, industry insights, and market forecast.
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Complete report is now available on Fluid Handling System Market by Pumps (Centrifugal and Positive Displacement), Control Valves (Rotary and Linear), Flow Meters (Magnetic, Coriolis, Differential Pressure, Ultrasonic), Industry, and Geography - Global Forecast to 2023 at www.rnrmarketresearch.com/fluid-ha…rket-report.html
Pumps are expected to hold a major share of the fluid handling system market by 2023 owing to the improved environment for fixed investment spending by developed nations, which will help pump users to invest in expanding and upgrading the facilities. Further, the increased investment in water infrastructure in developing nations will also boost the growth of the market.
The pumps used in industrial applications are usually heavy-duty process pumps. The types of pumps used in the fluid handling system are centrifugal pumps and positive displacement pumps.
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The fluid handling system market is projected to grow at a CAGR of 4.8% between 2017 and 2023 to be worth USD 73.28 billion by 2023. The key factors driving the growth of the market are the increasing demand for different types of pumps in the oil and gas industry, high demand for advanced systems in the chemical and wastewater management industry, and increased focus on plant automation.
However, factors such as the high investment and operational cost of fluid handling system restrain the growth of this market.
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The water and wastewater industry is expected to hold the largest share of the market during the forecast period. The demand for upgrading the aging water infrastructure in developed countries is expected to encourage investment in fluid handling infrastructure for the water and wastewater industry.
Also, the rapid urbanization and infrastructural development in developing nations have created a demand for fresh water and water sanitation, which would further create a major opportunity for the growth of the fluid handling system market.
The fluid handling system market in RoW is projected to grow at the highest CAGR between 2017 and 2022 owing to the increasing industrial infrastructural activities, and oil and gas projects in the Middle East and South America. Moreover, the growing popularity of fluid handling system in countries such as South Africa would further fuel the growth of the market in the RoW region during the forecast period.
Break of primary participants in Fluid Handling System Market was as mentioned below:
By Company Type: Tier 1 = 50%, Tier 2= 30%, and Tier 3 = 20%
By Designation: C-Level Executives = 70%, Directors = 20%, and Others = 10%
By Region: North America = 40%, Europe = 35%, APAC = 15%, and RoW = 10%
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Major players of Fluid Handling System Market Report are:
Alfa Laval AB (Sweden), Colfax Corporation (US), Crane Co. (US), Flowserve Corporation (US), and Graco Inc.
(US) are among the leading players in the fluid handling system market. Other key players in the fluid handling system market include Bürkert GmbH & Co.
KG (Germany), Dover Corporation (US), INDEX Corporation (US), Ingersoll-Rand plc (Ireland), and SPX Flow, Inc. (US).
Key Benefits of Fluid Handling System Market Report
This report covers the following aspects that will benefit the client:
Market segmentation on the basis of type, application, and region
Market dynamics including drivers, restraints, and opportunities
Porter’s Five Forces analysis
Profile of key players in the global Fluid Handling System market
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