PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515479
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515479
Asia Pacific Fluid Handling Systems Market, By Product Type, By Application, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Fluid Handling Systems Market was valued at USD 16,098.90 million in 2023, expanding at a CAGR of 6.3% from 2024 to 2032.
Fluid handling systems play a vital role in a wide range of manufacturing industries. These systems consist of interconnected equipment that harnesses the mass and energy of a fluid in motion to carry out tasks, transfer heat, or aid in the production of goods. The setup, type of fluids employed, and the intended function of the system can vary based on the specific application. These systems play a crucial role in the manufacturing process, integrating a range of equipment that possess hydraulic capabilities determined by various methods. These methods include the utilization of flow coefficients for control valves, discharge coefficients for flow meters, and resistance coefficients for pipes, valves, and fittings.
Asia Pacific Fluid Handling Systems Market- Market Dynamics
The rise in the use of fluid handling systems in the pharmaceutical sector is projected to drive the growth of the market
The demand for pharmaceuticals is experiencing a rapid surge due to factors such as increasing populations, ageing demographics, and heightened health awareness. To take advantage of cost benefits and favorable government policies, pharmaceutical companies are expanding their operations in the Asia Pacific region. To ensure the maintenance of high standards in pharmaceutical production, fluid handling systems play a crucial role by providing precise control and handling of fluids. China's healthcare industry has transformed into a strategic R&D hub over the past decade, shifting from a manufacturing base. Since joining the World Trade Organization, China's pharmaceutical industry has made remarkable progress. As of 2021, China holds a 12% share in the global pharmaceutical market. Additionally, the market may find growth opportunities through technological advancements and ongoing and planned infrastructure projects, such as new manufacturing plants, water treatment facilities, and urban infrastructure developments. However, the market growth may be restricted by high initial costs.
Asia Pacific Fluid Handling Systems Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2024-2032)
Based on Product Type segmentation, Pumps was predicted to show maximum market share in the year 2023
Based on Application segmentation, Water and Wastewater was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Fluid Handling Systems Market- Segmentation Analysis:
The ASIA PACIFIC FLUID HANDLING SYSTEMS Market is segmented based on Product Type, Application, and Country.
The market is divided into four categories based on Product Type: Pumps, Control Valves, Flow Meters, Hoses, and Others. Pumps dominate the market. Pumps are essential for various industrial applications, including water and wastewater treatment, oil and gas, pharmaceuticals, food and beverage, and chemical processing.
The market is segmented into nine sectors according to Application: Oil and Gas, Water and Wastewater, Energy and Power, Pharmaceutical, Food and Beverage, Chemical, Building and Construction, Pulp and paper, Metal and Mining, and Others. Water and Wastewater holds the largest share in the market. The market is distinguished by the demand for cutting-edge technologies to efficiently manage water resources and process wastewater in compliance with strict environmental standards.
Asia Pacific Fluid Handling Systems Market- Geographical Insights
The examination of the Asia Pacific Fluid Handling Systems market covers countries such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the rest of the Asia Pacific (APAC) region. China leads the market, driven by the increase in water treatment initiatives and substantial investments in research and development for the development of new pharmaceuticals. With China's population representing 20% of the global population, its water resources only make up 7% of the world's total. The rapid growth of urban areas and industries has posed significant challenges to China's water supply and quality. The Chinese government has established goals to achieve a 95% wastewater treatment rate for all county-level cities and a 25% water reuse rate in water-scarce regions, as reported by the International Trade Administration.
Asia Pacific Fluid Handling Systems Market- Competitive Landscape:
The fluid handling systems market in the Asia Pacific region is characterized by fierce competition among different participants. Typically, major players in the market engage in competition by focusing on aspects such as product innovation, pricing strategies, distribution networks, and after-sales service. The market dynamics in Asia Pacific frequently involve both local and international companies vying for market dominance by providing customized solutions that cater to specific regional needs and regulatory standards.
Recent Developments:
On August 29, 2023, Flowserve Corporation, a prominent supplier of flow control products and services for the worldwide infrastructure markets, unveiled the SIHI Boost UltraPLUS dry-running vacuum pump. This innovative device is specifically engineered to significantly decrease cycle times for batch processes, achieving a remarkable reduction of up to 50 percent or even more.
Agilent Technologies Inc. has recently unveiled the Agilent BioTek 406 FX washer dispenser, a compact device that merges the functionalities of reagent dispensing and plate-washing. With its enhanced liquid handling capabilities, the BioTek 406 FX is specifically designed for seamless integration into automated systems as well as for standalone use on laboratory benches.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC FLUID HANDLING SYSTEMS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Flowserve Corporation
Alfa Laval
Dover Corporation
Crane Co.
Agilent Technologies
Bio-Rad Laboratories
Others
ASIA PACIFIC FLUID HANDLING SYSTEMS MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Pumps
Control Valves
Flow Meters
Hoses
Others
ASIA PACIFIC FLUID HANDLING SYSTEMS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Oil and Gas
Water and Wastewater
Energy and Power
Pharmaceutical
Food and Beverage
Chemical
Building and Construction
Pulp and paper
Metal and Mining
Other
ASIA PACIFIC FLUID HANDLING SYSTEMS MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Fluid Handling Systems Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Fluid Handling Systems Market Snippet by Product type
- 2.1.2. Asia Pacific Fluid Handling Systems Market Snippet by Application
- 2.1.3. Asia Pacific Fluid Handling Systems Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Fluid Handling Systems Key Market Trends
- 3.1. Asia Pacific Fluid Handling Systems Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Fluid Handling Systems Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Fluid Handling Systems Market Opportunities
- 3.4. Asia Pacific Fluid Handling Systems Market Future Trends
4. Asia Pacific Fluid Handling Systems Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Fluid Handling Systems Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Fluid Handling Systems Market Landscape
- 6.1. Asia Pacific Fluid Handling Systems Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Fluid Handling Systems Market - By Product type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product type, 2023 & 2032 (%)
- 7.1.2. Pumps
- 7.1.3. Control Valves
- 7.1.4. Flow Meters
- 7.1.5. Hoses
- 7.1.6. Others
8. Asia Pacific Fluid Handling Systems Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Oil and Gas
- 8.1.3. Water and Wastewater
- 8.1.4. Energy and Power
- 8.1.5. Pharmaceutical
- 8.1.6. Food and Beverage
- 8.1.7. Chemical
- 8.1.8. Building and Construction
- 8.1.9. Pulp and paper
- 8.1.10. Metal and Mining
- 8.1.11. Other
9. Asia Pacific Fluid Handling Systems Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 9.2. Asia Pacific (APAC)
- 9.2.1. Overview
- 9.2.2. Asia Pacific Fluid Handling Systems Key Manufacturers in Asia Pacific
- 9.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.2.4. Asia Pacific Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.6. India
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.6.3. India Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.7. China
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.7.3. China Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.8. Japan
- 9.2.8.1. Overview
- 9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.8.3. Japan Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.9. South Korea
- 9.2.9.1. Overview
- 9.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.9.3. South Korea Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.10. Australia
- 9.2.10.1. Overview
- 9.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.10.3. Australia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.11. Thailand
- 9.2.11.1. Overview
- 9.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.11.3. Thailand Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.12. Indonesia
- 9.2.12.1. Overview
- 9.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.12.3. Indonesia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.13. Philippines
- 9.2.13.1. Overview
- 9.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.13.3. Philippines Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.14. Rest of APAC
- 9.2.14.1. Overview
- 9.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.14.3. Rest of APAC Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
- 9.2.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Asia Pacific Fluid Handling Systems Industry
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. Flowserve Corporation
- 10.2.2. Alfa Laval
- 10.2.3. Dover Corporation
- 10.2.4. Crane Co.
- 10.2.5. Agilent Technologies
- 10.2.6. Bio-Rad Laboratories
- 10.2.7. Others
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Fluid Handling Systems Market: Product type Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product type
- TABLE Asia Pacific Fluid Handling Systems Market, by Product type 2019-2032 (USD Million)
- TABLE Asia Pacific Fluid Handling Systems Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific Fluid Handling Systems Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Fluid Handling Systems Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Fluid Handling Systems Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product type segment market share analysis, 2023 & 2032
- FIGURE Product type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Fluid Handling Systems Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Fluid Handling Systems Market share analysis by country, 2023
- FIGURE India Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Fluid Handling Systems Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
