Fluid Handling Systems Market is set to explode, reaching a massive USD 108,322.43 million by 2032 with a 4.5% annual growth rate

The global fluid handling systems market is poised for consistent growth in the coming years, driven by increasing industrialization, advancements in technology, and growing demand across various end-use industries. Fluid handling systems encompass a wide range of components and equipment used to transport, control, and process fluids, including pumps, valves, pipes, and fittings.

Market Overview:

The global fluid handling systems market size was valued at USD 72,765.23 million in 2023 and is anticipated to grow from USD 76,025.11 million in 2024 to USD 108,322.43 million by 2032, exhibiting a CAGR of 4.5% during the forecast period. This steady growth reflects the critical role of fluid handling systems in various industries, from oil and gas to water treatment and pharmaceuticals.

Some of the major players operating in the global market include:

ALFA LAVAL
Christian Bürkert GmbH & Co. KG
CIRCOR International, Inc.
Crane Company
Danfoss
Dover Corporation
Flowserve Corporation
IDEX Corporation
PARKER HANNIFIN CORP
Trelleborg Group, Graco Inc.

Key Market Drivers

Industrialization and Infrastructure Development: Ongoing industrialization and infrastructure development across the globe are driving the demand for efficient and reliable fluid handling systems in various sectors, including manufacturing, construction, and energy.
Technological Advancements: Advancements in technology, such as the development of smart sensors, automation systems, and advanced materials, are leading to the development of more efficient, reliable, and energy-efficient fluid handling systems.
Growing Demand for Water and Wastewater Treatment: The growing demand for clean water and the need for effective wastewater treatment are driving the demand for advanced fluid handling systems in the water and wastewater treatment industry.
Increasing Focus on Sustainability: The increasing focus on sustainability and environmental protection is driving the development of eco-friendly fluid handling systems that minimize energy consumption and reduce environmental impact.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Fluid Handling Systems Market, Product Outlook (Revenue – USD Million, 2019-2032)

Pumps
Control Valves
Flow Meters
Hoses
Others

Fluid Handling Systems Market, Application Outlook (Revenue – USD Million, 2019-2032)

Aerospace
Electronics
Automotive
Oil & Gas
Industrial Manufacturing
Food & Beverages
Rail
Marine
Energy & Utilities
White Goods
Construction
Pharmaceuticals
Water & Wastewater Treatment
Others

The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:

https://www.polarismarketresearch.com/industry-analysis/fluid-handling-systems-market

Recent Developments:

CIRCOR International Expands Screw Pump Portfolio: In September 2023, CIRCOR International, Inc. announced the expansion of its screw pump portfolio under its brand Allweiler. This expansion enhances the company’s product offerings and strengthens its position in the market.
Flowserve Acquires Velan: In October 2023, Flowserve Corporation acquired Velan, a leading manufacturer of industrial valves. This acquisition strengthens Flowserve’s position in key markets, such as nuclear, cryogenic, and defense.
IDEX Corporation Acquires Flow Management Devices: In February 2020, IDEX Corporation acquired Flow Management Devices, LLC, a provider of high-accuracy flow measurement systems for the oil and gas industry. This acquisition enhances IDEX’s capabilities in the oil and gas sector.

Conclusion:

The global fluid handling systems market is poised for continued growth, driven by a combination of factors such as industrialization, technological advancements, and increasing demand across various end-use industries. The development of innovative and sustainable solutions, along with strategic acquisitions and partnerships, will be crucial for companies operating in this market to maintain a competitive edge.

Table of Contents:

Global Fluid Handling Systems Market Insights
4.1. Fluid Handling Systems Market – Industry Snapshot
4.2. Fluid Handling Systems Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. The rise in the use of fluid handling systems in the pharmaceutical sector to avoid contamination
4.2.1.2. Rising Water and Wastewater Management Demand
4.2.2. Restraints and Challenges
4.2.2.1. The high investment and operational cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Fluid Handling Systems Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Fluid Handling Systems Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Fluid Handling Systems, by Application, 2019-2032 (USD Million)
5.3. Aerospace
5.3.1. Global Fluid Handling Systems Market, by Aerospace, by Region, 2019-2032 (USD Million)
5.4. Electronics
5.4.1. Global Fluid Handling Systems Market, by Electronics, by Region, 2019-2032 (USD Million)
5.5. Automotive
5.5.1. Global Fluid Handling Systems Market, by Automotive, by Region, 2019-2032 (USD Million)
5.6. Oil & Gas
5.6.1. Global Fluid Handling Systems Market, by Oil & Gas, by Region, 2019-2032 (USD Million)
5.7. Industrial Manufacturing
5.7.1. Global Fluid Handling Systems Market, by Industrial Manufacturing, by Region, 2019-2032 (USD Million)
5.8. Food & Beverages
5.8.1. Global Fluid Handling Systems Market, by Food & Beverages, by Region, 2019-2032 (USD Million)
5.9. Rail
5.9.1. Global Fluid Handling Systems Market, by Rail, by Region, 2019-2032 (USD Million)
5.10. Marine
5.10.1. Global Fluid Handling Systems Market, by Marine, by Region, 2019-2032 (USD Million)
5.11. Energy & Utilities
5.11.1. Global Fluid Handling Systems Market, by Energy & Utilities, by Region, 2019-2032 (USD Million)
5.12. White Goods
5.12.1. Global Fluid Handling Systems Market, by White Goods, by Region, 2019-2032 (USD Million)
5.13. Construction
5.13.1. Global Fluid Handling Systems Market, by Construction, by Region, 2019-2032 (USD Million)
5.14. Pharmaceuticals
5.14.1. Global Fluid Handling Systems Market, by Pharmaceuticals, by Region, 2019-2032 (USD Million)
5.15. Water & Wastewater Treatment
5.15.1. Global Fluid Handling Systems Market, by Water & Wastewater Treatment, by Region, 2019-2032 (USD Million)
5.16. Others
5.16.1. Global Fluid Handling Systems Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Fluid Handling Systems Market, by Product
6.1. Key Findings
6.2. Introduction
6.2.1. Global Fluid Handling Systems Market, by Product, 2019-2032 (USD Million)
6.3. Pumps
6.3.1. Global Fluid Handling Systems Market, by Pumps, by Region, 2019-2032 (USD Million)
6.4. Control Valves
6.4.1. Global Fluid Handling Systems Market, by Control Valves, by Region, 2019-2032 (USD Million)
6.5. Flow Meters
6.5.1. Global Fluid Handling Systems Market, by Flow Meters, by Region, 2019-2032 (USD Million)
6.6. Hoses
6.6.1. Global Fluid Handling Systems Market, by Hoses, by Region, 2019-2032 (USD Million)
6.7. Others
6.7.1. Global Fluid Handling Systems Market, by Others, by Region, 2019-2032 (USD Million)