Fluid handling systems are used to measure, control and direct flow of liquid and other types of fluids. The market has been segmented on the basis of parts, application and geography. On the basis of parts the fluid handling systems market can be segmented into seven categories; flow meters, pump skids, pumps, valves, meter systems, fire pump systems and fire pumps. The market on the basis of application can be divided into chemicals, oil and gas, power generation, marine, mining, fire pumps, wastewater management, food and beverage, and pharmaceuticals among others. Based on geography, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
The global fluid handling systems market is mainly driven due to the continuous research and development activities taking place which has improved the cost effectiveness and productivity. Installation of new pipelines and building of terminals and storage facilities pertaining to the oil and gas industry will further boost the market growth of the fluid handling systems market. Moreover, the demand for fluid handling systems will also be on the high as a result of the expansion and exploration of new refineries in various regions such as Asia-Pacific, Middle East and Latin America. For example, recent discoveries of large oil and gas sources off the coast of Brazil have brought increased investment activities to the region Furthermore; increasing investments in the power sector as a result of the undergoing structural changes due to environmental regulations will further propel the demand for fluid handling systems in the North America region. On account of changing economic and regulatory factors, the mining industry in Australia and Latin America is expected to show sustained growth which will further drive the market for fluid handling systems. In pharmaceutical industry of Asia Pacific region, demand for fluid handling systems is expected to increase during the forecast period.
However, one of the major restraints hampering the growth of the fluid handling systems market is the stiff competition being offered by the local manufacturers to the established manufacturers. The fluid handling systems being produced by the local manufacturers are often poor in quality as it comes at a lower price point. Due to its price being low, a lot of companies are opting for them and hence possessing a threat to the established players.
Increasing investments in the shale gas sector will act as strong opportunity for the growth of the fluid handling during the forecast period. Industrialization drive in the Asia Pacific region will further attract investments. Moreover, long-term mining and mineral project activity in the Latin America region will further create opportunities for the market to grow. Recent trends have shown that rising demand for efficient value chain for drug manufacturing has resulted various Multinational Corporations (MNC) deploying sophisticated fluid handling systems.
Some of the key players operating in the fluid handling systems market are Shelton Fluid Technology, Fluid Handling Systems Inc., Ingersoll Rand LLC, Anestiwata Corporation, Flowserve Corporation, Metso Corporation, Pentair Plc, Crane Fluid Inc, Flowtech Industries L.L.P, Entegris Inc., Boyser S.R.L and Graco Inc. among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.