The Fluid Handling Systems Market Share was estimated to be USD 4.5 billion in 2022. It is projected to reach USD 6.5 billion by 2030, with a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2030.
Fluid handling systems play a crucial role in various industries, facilitating the efficient movement and control of liquids and gases. With the increasing demand for these systems, the market is expected to witness substantial growth in the coming years.
The estimated market size of USD 4.5 billion in 2022 highlights the existing demand and market presence of fluid handling systems. However, this figure is anticipated to rise significantly to USD 6.5 billion by 2030, indicating a promising future for the industry.
The projected CAGR of 4.8% during the forecast period further emphasizes the steady growth trajectory of the fluid handling systems market. This growth can be attributed to several factors, including technological advancements, increasing industrialization, and the need for efficient fluid management across various sectors.
As industries continue to evolve and expand, the demand for fluid handling systems is expected to rise. These systems are essential for processes such as fluid transfer, filtration, and measurement, ensuring smooth operations and optimal performance.
In conclusion, the fluid handling systems market is poised for substantial growth, with an estimated market size of USD 6.5 billion by 2030. The projected CAGR of 4.8% during the forecast period reflects the industry's potential and the increasing demand for efficient fluid management solutions.
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KEY MARKET SEGMENTATION
By Component
- Pump
- Centrifugal
- Positive Displacement
- Control Valves
- Sliding
- Rotary
- Others
- Storage Tanks
- Others
By End-Use
- Industry
- Chemical
- Food Processing
- Power Generation
- Marine
- Others.
Key Players
The major key players are Alfa Laval, KSB Company, Crane Co., Colfax Fluid Handling, Graco, VRC Industrial Solutions, Watec Fluid Handling Systems Co., Ltd, Raymond Network, Parker Hannifin, Chesterton, LobePro, IFH Group, Alemite Lubrication, Des-Case Corporation, Dover, Alfa Wasserman, Fraser Ross Ltd, and others.
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Table of Contents
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Fluid Handling Systems Market, By Component
- Fluid Handling Systems Market, By End-Use
- Regional Analysis
- Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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