Global Fluid Handling Services Market
Fluid Handling Services Market Size And Forecast
According to Verified Market Research, Global Fluid Handling Services Market was valued at USD 5.75 Billion in 2018 and is projected to reach USD 8.46 Billion by 2026, growing at a CAGR of 5.09% from 2019 to 2026.
Global Fluid Handling Services Market Outlook
The fluid handling systems are growingly being adopted in various end-use industries due to the increasing demand for several types of pumps in the oil and gas industry, rising demand for advanced systems in the oil & gas, chemical and wastewater management industries and increasing focus on plant automation. They also aid in preventing high machinery repair costs and production downtime. As the growth of the fluid handling services market is directly proportional to the growth of the fluid handling systems market, the rising penetration of such systems would require repair and maintenance services during their life cycle, hence boosting the market for fluid handling services globally.
Global Fluid Handling Services Market, Segment Analysis
The Global Fluid Handling Services Market is segmented on the basis of Type, Industry, and Geography.
Fluid Handling Services Market, Competitive Landscape
The Global Fluid Handling Services market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include HYDAC, RelaDyne, Inc., INOXPA Group (Interpump Group SpA), Hudson Pump, Astro Pak Corporation, Gaubert Oil Company, Inc., and Global Industrial Solutions. HYDAC is one of the top five players in the Fluid Handling Services market.
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