Fluid Handling Market Analysis

Fluid Handling System Market Insights:
The fluid handling system market is estimated to grow at a CAGR of more than 5 % over the forecast period. The growth of this industry is attributed to increasing demand for various types of pumps in the oil & gas industry coupled with a rise in demand for advanced systems in the wastewater management and chemical industries.
The stiff competition offered by the local producers to the established ones is anticipated to limit the industry growth. The fluid handling systems being manufactured by the local producers are often produced at a lower cost. As a result of the lower cost, a number of firms are opting for them and hence posing a challenge to the established players.

Pump Insights:
Based on the pumps, the market is segmented into Centrifugal and Positive Displacement. Pumps are anticipated to account for the largest share of the global fluid handling system market over the forecast period. Moreover, the global pump segment is progressively witnessing the adoption of advanced intelligent pump technology, which is further likely to improve the revenue share of the fluid handling system market.

Control Valves Insights:
The control valves segment is anticipated to experience the highest growth in the global fluid handling system market over the coming years. Growing need for wireless infrastructure to monitor equipment coupled with increasing demand for control valves in oil & gas industry is anticipated to boost the growth of this industry. Increasing number of new nuclear plants along with the development of existing plants are few of the other factors contributing to the industry growth.

Flow Meters Insights:
Based on the flow meters, the market is segmented into Magnetic, Coriolis, Differential Pressure, and Ultrasonic. The ultrasonic segment is anticipated to witness a significant growth over the forecast period. Robust research & development activities coupled with improved productivity and cost efficiency are anticipated to stimulate the growth of the concerned segment. Installation of new pipelines along with setting up of terminals and storage facilities pertaining to oil & gas industry is further anticipated to boost the overall market growth.

Industry Insights:
The water & wastewater industry is anticipated to hold the largest share of the overall fluid handling system market over the forecast period. The water & wastewater industry is experiencing a rapid growth due to integration of centralized control systems to monitor the quality of water. Increasing awareness on wastewater treatment, industrial growth, and favorable government regulations are few of the factors which are anticipated to stimulate the industry growth.

Regional Insights:
Asia Pacific accounted for the largest share of the overall market in 2016 due to increased demand for fluid handling systems in developing countries such as China India, and Japan. The increasing demand for different types of fluid handling system in various industries, such as water & wastewater, building & construction, energy & power, and oil & gas, is further anticipated to aid the industry growth.

Europe and North America are anticipated to register the highest CAGR over the forecast period due to the presence of various oil & gas industries in the region. Middle East & Africa is also likely to witness a significant growth due to the scarcity of freshwater resources in this region.

End-Use Landscape:
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase from global fluid handling system market. The major consumers of the product are Dow Chemical, Kiewit, and Skanska.

Competitor Analysis:
Key players in the market, include Colfax Corporation (US), Alfa Laval AB (Sweden), Crane Co. (US), Flowserve Corporation (US), Bürkert GmbH & Co. KG (Germany), Dover Corporation (US), INDEX Corporation (US), Ingersoll-Rand plc (Ireland), and SPX Flow, Inc. (US).

Please note: This is not an exhaustive list of companies profiled in the report.