The size of the global fluid handling services market was worth USD 73 billion in 2023. The global market is anticipated to grow at a CAGR of 4.61% from 2024 to 2032 and be worth USD 109.49 billion by 2032 from USD 76.34 billion in 2024.
The market share is expanding due to the growing use of laboratory techniques such as whole genome amplification, PCR, array printing, plate replication, serial dilution, and cell culture. The demand for these laboratory procedures for early cancer and infectious disease detection has increased. This is because of the rising awareness of early diagnosis and prevention. Therefore, the development of automated and manual liquid systems is pushing forward the fluid handling services market growth rate.
International commitments and environmental concerns have increased the sales of fluid handling systems. Effective liquid management is becoming more important. It happened as a result of regulations that governments and organizations have set up to lower pollution and safeguard the environment. Thus, the increasing prevalence is anticipated to accelerate the market expansion.
The factor to consider while handling corrosive or reactive fluids is the chosen building material. These systems are becoming unfeasible due to the high cost of materials utilized in these situations. Thus, it is anticipated that the expensive systems or solutions will hurt the market growth rate. Additionally, the slow progress of the fluid handling services market is also due to the presence of multiple businesses and extreme fragmentation. There is fierce rivalry and pressure on prices.
The fluid-handling services market is witnessing advancements in various technologies. The latest innovations in advanced pumping technologies have significantly transformed industrial fluid handling, ensuring precision, reliability, and safety in fluid handling applications. Likewise, advances in materials science, intelligent systems, seamless technologies, energy-efficient designs, and precise pumps highlight the progress made in improving fluid handling application efficiency, dependability, and safety. Some of the emerging market players in the industry include Gilson, Inc., Eppendorf AG, and others.
The fluid handling services market is growing at a restricted rate. This is due to environmental regulations. For producers and operators, complying with several environmental requirements about FH systems can provide difficulties. These laws may make production more expensive and restrict market expansion. Additionally, the absence of standardization is also hindering the growth of the market share. It can be challenging to get replacement components and cause compatibility problems when fluid handling systems are designed and manufactured without standardization. So, these obstacles prevent the market from expanding.
The impact of COVID-19 on the fluid handling services market was significant. Pharmaceutical liquid handling was in high demand due to the pandemic and laboratory research on the virus. It required specimens to be processed more quickly. As a result, the sector grew rapidly. Moreover, the vaccine development increased the need for sophisticated automated liquid handling equipment. Hence, the pandemic has resulted in increased market growth. In addition, it also caused disruptions in the supply chain, which led to delays in the delivery of these equipment and services. The industry has experienced tremendous growth in recent years and is poised to maintain strong momentum. The strict regulatory frameworks and the growing focus on productivity and efficiency have influenced organizations to adopt fluid-handling solutions.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
4.61% |
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Segments Covered |
By Type, Services, Application and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Shelton Fluid Technology, Fluid Handling Systems Inc., Ingersoll Rand LLC, Anestiwata Corporation, Flowserve Corporation, Metso Corporation, Pentair Plc, Crane Fluid IncF, lowtech Industries L.L.P, Entegris Inc, Boyser S.R.L and Graco Inc, and Others. |
The filtration segment is predicted to continue to hold its position in the fluid handling services market. This is because preserving fluid quality is crucial for many businesses, which creates a steady and robust need for filtering services. The need for filtration services has been further spurred by the need for sustainable practices, strict regulations, and a growing awareness of the need for clean fluids. The effectiveness and efficiency of filtration processes have also been enhanced by developments in filtration technologies, such as the creation of high-efficiency filters and novel filtration media, which have helped the filtration segment dominate the market for fluid handling services. The segment's position in the market is further cemented by the fact that filtration is seen to be the most economical method of maintaining fluid purity.
The pumping services segment held the largest portion of the fluid handling services market. These are critical for the efficient movement of fluids in various industries. It includes oil and gas, chemicals, food and beverage, paper and pulp, and energy and power. Moreover, this need is further led by tighter regulations, greater awareness of clean fluids, and the necessity of sustainable practices. In addition, the development of advanced intelligent pumps has improved the efficiency and effectiveness of fluid handling systems. For example, centrifugal and positive displacement pumps. Likewise, the rising demand for various pumps in the oil and gas industry is driving the segment market growth. Furthermore, the chemical and wastewater management sector's strong desire for cutting-edge solutions is another factor expanding the market.
The oil and gas segment is leading under this category of the fluid handling services market. The safe and efficient production, transportation, and refining of oil require the science of moving, controlling, and storing fluids, which is essential for fluid handling technology. Also, the oil and gas industry requires specific fluid handling technology for processing, measuring, and containing different liquids, gases, or slurries. Moreover, time lost and product losses can be avoided by investing in a modern liquid or gas handling system. Furthermore, the growing awareness about the importance of clean fluids, stringent regulatory requirements, and the need for sustainable practices have further fueled the demand for filtration services. Hence, these are critical for maintaining fluid quality across industries, including the oil and gas industry.
North America's fluid handling services market is well established with a significant focus on modern technology. Also, there is a considerable presence of major industry players. The United States is the biggest regional market. Moreover, because of the increasing urbanization, it is rising tremendously. As a result, there is a rise in building activity and the need for various types of fluid-handling systems, pumps, and other equipment. Additionally, the market is increasing favorably as a result of the automation sectors' growing technical improvements. However, it is anticipated that the shortage of competent labor would limit the market's expansion. There is a negative impact on market growth due to the quickly evolving technology and the growing need for personnel with more varied skill sets.
Europe holds a significant position in the global fluid handling services market. The growing need for sustainable technology and energy-efficient solutions has made it a major market for these systems. Also, there are several prominent businesses in the area, and the industrial sector is mature. The filtration segment dominates the regional market in Europe due to its critical importance in maintaining fluid quality across industries. The filtration process is considered the most cost-effective way to maintain fluid cleanliness, further solidifying the segment's position in the market.
Asia Pacific is expanding quickly due to rising demand from nations like China, India, and Japan. The industrial sector in the region continues to grow rapidly. There is a strong need for energy-efficient solutions. Moreover, there has been growth in the construction of commercial, industrial, and residential structures along with infrastructure development. This has increased the need for fluid handling services in areas like water supply, HVAC systems, and plumbing. Furthermore, the region has attracted large investments in industries that demand effective FH systems and services, such as oil and gas exploration, power generation, and pharmaceuticals.
Middle East and Africa is anticipated to grow further in the coming years. The power generation industry is witnessing growth. Hence, it will contribute to the demand for fluid handling systems. Additionally, the Middle East's oil production has been increasing, leading to a positive outlook for the fluid handling services market in the region. The growth of the chemical and food processing industries in the MEA is also driving the demand for fluid-handling systems.
Latin America's fluid handling services market is predicted to grow at a steady rate. Governments in the region are investing in critical infrastructure, such as water supply and wastewater treatment facilities, which may present opportunities for fluid handling system vendors. Moreover, the growing demand for fluid handling systems in industries such as oil and gas, water and wastewater, energy and power, and chemicals is driving the market growth. Furthermore, changes in market dynamics due to shifting geopolitical situations may create new opportunities for fluid handling system vendors in Latin America.
Companies playing a prominent role in the global fluid handling services market include Shelton Fluid Technology, Fluid Handling Systems Inc., Ingersoll Rand LLC, Anestiwata Corporation, Flowserve Corporation, Metso Corporation, Pentair Plc, Crane Fluid IncF, lowtech Industries L.L.P, Entegris Inc, Boyser S.R.L and Graco Inc, and Others.
By Type
By Services
By Application
By Region
Frequently Asked Questions
The Global Fluid Handling Services Market is expected to grow with a CAGR of 4.61% between 2024-2032.
The Global Fluid Handling Services Market size is expected to reach a revised size of US$ 109.10 billion by 2032.
Pentair Plc, Crane Fluid IncF, and lowtech Industries L.L.P are the three Fluid Handling Services Market key players.
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