The Fluid Handling Systems Market Growth, with an estimated value of USD 4.5 billion in 2022. It is projected to reach USD 6.5 billion by 2030, exhibiting 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 transportation and control of fluids. With the increasing demand for these systems, the market is expected to witness substantial expansion in the coming years.
The estimated value of USD 4.5 billion in 2022 highlights the market's current size and indicates its potential for further growth. By 2030, the market is projected to reach USD 6.5 billion, reflecting a steady CAGR of 4.8%. This growth can be attributed to several factors, including advancements in technology, rising industrialization, and the need for improved fluid management across diverse sectors.
During the forecast period from 2023 to 2030, the market is anticipated to witness consistent growth, driven by the increasing adoption of fluid handling systems across industries such as oil and gas, chemical, pharmaceutical, and water treatment. These systems enable efficient fluid transfer, storage, and control, enhancing operational efficiency and reducing costs for businesses.
Furthermore, the growing emphasis on sustainability and environmental regulations is expected to drive the demand for fluid handling systems that promote energy efficiency and minimize waste. This factor, coupled with the need for reliable and safe fluid management solutions, will contribute to the market's expansion.
In conclusion, the fluid handling systems market is poised for substantial growth, with an estimated value of USD 4.5 billion in 2022 and a projected value of USD 6.5 billion by 2030. The market's steady CAGR of 4.8% during the forecast period indicates its potential for sustained expansion. Furthermore, the growing awareness and adoption of renewable energy sources are expected to further drive the demand for improved fluid solutions in the market.
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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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