Colfax Corporation (US) and Alfa Laval AB (Sweden) are Some of the Leading Players in the Fluid Handling System Market
Fluid handling systems are used for measuring, controlling, and directing the flow of liquid in a plant. Fluid handling systems comprise fluid control hardware components and software solutions for critical applications in industries such as oil and gas, chemical, food and beverages, pharmaceutical, wastewater management, and energy and power. The fluid handling system market is projected to be valued at USD 73.28 Billion by 2023, growing at a CAGR of 4.8% between 2017 and 2023. This market is characterized by a high demand for quality, precision, and innovation. The market for fluid handling systems is driven by the continuous research and development activities for improving the cost effectiveness and productivity of production processes.
Alfa Laval AB (Sweden), Colfax Corporation (US), Crane Co. (US), Flowserve Corporation (US), and Graco Inc. (US) are some of the leading players in the fluid handling system market. Key market players have implemented different strategies to maintain their position in this market and ensure their long-term growth and success. The key strategies implemented by most of the companies in the market are product launches and developments, contracts, acquisitions, and expansions.
Colfax is one of the important players in the global fluid handling system market. The company operates through the “Gas and Fluid Handling” and “Fabrication Technology” business segments. The Gas and Fluid Handling segment deals in the fluid handling system market and offers products such as industrial pumps, injection pumps, transfer pumps, etc. In September 2017, the company sold its fluid handling business to CIRCOR International, Inc. (US). Colfax is one of the leading manufacturers of positive displacement pumps and related technologies. The company’s fluid handling products are used in critical metering applications in the oil and gas, power generation, commercial marine, and defense industries. Through its diversified products and services, the company competes in selected niches of the global market. The company is highly focused on offering premium-quality, reliable, and advanced products to its customers worldwide. Additionally, the company is focused on developing innovative solutions in the fluid handling system market. For instance, in May 2015, the company launched the latest version of its Smart Technology CM-1000 Series smart controller, which is designed to maximize the shipboard pumping efficiency. It also helps in reducing operating costs while maximizing uptime. In February 2015, the company launched IN-1000 Smart Platform, a new intelligent pump monitoring system that is specially developed for Allweiler pumps that are used in operationally critical and environmentally sensitive applications.
Alfa Laval’s diversified product portfolio of equipment, systems, and services helps customers in optimizing the performance of their processes. The company operates through three business divisions: “Equipment,” “Process Technology,” and “Marine & Diesel.” Alfa Laval delivers an extensive range of fluid handling products under its Process Technology business segment. The company is highly focused on the development, production, and sale of fluid handling products such as pumps, valves, tank cleaning equipment, and installation material for different industries. The company’s fluid handling products are specifically designed for industries with stringent hygiene requirements, such as the food and pharmaceutical industries. The company focuses on specific industries and application areas to gain in-depth knowledge about customers’ industrial processes. For instance, in May 2017, the company launched the new stainless steel actuator that is designed specifically for the Alfa Laval Unique DV-ST diaphragm valves. The company also focuses on expanding its client base through contracts. For instance, in December 2015, the company entered into a contract worth SEK 100 million with Maersk Oil (Denmark) to supply Framo pumping systems to an oil platform in the UK. The order comprises fire water pumping systems for an oil platform operated by Maersk Oil, which is located outside Aberdeen in the North Sea.
Related Reports:
Fluid Handling System Market by Pumps (Centrifugal and Positive Displacement), Control Valves (Rotary and Linear), Flow Meters (Magnetic, Coriolis, Differential Pressure, Ultrasonic), Industry, and Geography - Global Forecast to 2023
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