North America Fluid Handling Services Market Size By Type (Flushing, Filtration, Varnish Removal and Others), By Industry (Oil & Gas, Energy & Power, Chemicals, Construction, Mining, General Manufacturing, Pulp and Paper, and Others), By Geographic Scope And Forecast
Report ID: 117940|No. of Pages: 202
North America Fluid Handling Services Market Size By Type (Flushing, Filtration, Varnish Removal and Others), By Industry (Oil & Gas, Energy & Power, Chemicals, Construction, Mining, General Manufacturing, Pulp and Paper, and Others), By Geographic Scope And Forecast
North America Fluid Handling Services Market Size And Forecast
North America Fluid Handling Services Market size was valued at USD 1,211.81 Million in 2019 and is projected to reach USD 1,576.69 Million by 2027, growing at a CAGR of 4.13% from 2020 to 2027.
North America Fluid Handling Services is experiencing tremendous growth owing to the growing urbanization. In addition, the growing technological advancements in the automation industries lead to a positive impact on the growth of the market. The North America Fluid Handling Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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North America Fluid Handling Services Market Definition
The Fluid handling system includes various equipment designs to use the mass and energy of a flowing fluid to perform work, facilitate the process to make a product, and transfer heat.
Fluid handling systems are used to direct, measure and maintain the flow of different types of liquids or fluids that flow throughout the facilities. The fluid handling systems play a vital role in several end-use industries as they help in the smoother operations at the entire facility with lesser waste and greater longevity of the machineries. In order to ensure the smooth functioning of the liquid flow in various lines, fluid handling services are used by the end-use industries.
Everything from liquid chemicals to fluid gas can pass through one of these systems. Even though the different components of the systems are constructed taking into consideration durability of the systems, no matter the size and complexity, improper maintenance of the systems and fluids can result into increased downtime and operating costs. In order to ensure the smooth functioning of the liquid flow in various lines, fluid handling services are used by the end-use industries.
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North America Fluid Handling Services Market Overview
North America Fluid Handling Services is experiencing tremendous growth owing to the growing urbanization. This leads to increase the construction activities and thereby increase the demand for fluid handling systems such as several types and pumps and other equipment. Fluid handling systems which are primarily used to deal with lubricants, hazardous chemicals and toxic substances, are vital parts of several end-use industries, such as water and wastewater, chemical, energy and power, chemicals, oil and gas, food and beverages, pulp and paper, metal and mining, pharmaceutical and building & construction. In addition, the growing technological advancements in the automation industries lead to a positive impact on the growth of the market.
However, the concerns associated with the lack of skilled labors expected to restrict the growth of the market. The rapidly changing technology and rising demand for more diversified skill sets in the workers are impeding negative influence on the market growth.
North America Fluid Handling Services Market: Segmentation Analysis
The “North America Fluid Handling Services Market” is mainly split into three segments, i.e. based on Type, Industry, and Geographical Analysis.
North America Fluid Handling Services Market by Type
• Flushing
• Filtration
• Varnish Removal
• Others
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On the basis of Type, the North America Fluid Handling Services Market has been segmented into Flushing, Filtration, Varnish Removal and Others. Filtration accounted for the largest market share in 2019, CAGR of 4.62% during the forecast period. Flushing was the second-largest market in 2019.
North America Fluid Handling Services Market by Industry
• Oil & Gas
• Energy & Power
• Chemicals
• Construction
• Mining
• General Manufacturing
• Pulp and Paper
• Others
On the basis of Industry, the North America Fluid Handling Services Market has been segmented into, Oil & Gas, Energy & Power, Chemicals, Construction, Mining, General Manufacturing, Pulp and Paper, and Others. Oil & Gas accounted for the largest market share in 2019, and is projected to grow at a CAGR of 4.28% during the forecast period. Chemicals were the second-largest market in 2019.
North America Fluid Handling Services Market by Geography
• US
• Canada
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US accounted for the largest market share in 2019 and is projected to grow at the highest CAGR of 4.50% during the forecast period. Canada was the second-largest market in 2019. The food processing industries have gained traction in the United States owing to the surge in demand for meat and beverages. Fluid handling systems are widely used for handling a broad spectrum of fluids in processing industries.
Key Players
The “Global North America Fluid Handling Services Market” study report will provide a valuable insight with an emphasis on the North America Market including some of the major players are Halliburton Corporation, INOXPA Group, Alexis Oil Company, RelaDyne, Inc., and Gaubert Oil Company, Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
Key Developments by Major Key Players in the market are as given below.
Company Name |
Key Development |
Description |
|---|---|---|
| RelaDyne, Inc. | Acquisition | • RelaDyne, Inc. acquired the Reliability Services division of CIRCOR International and expanded its reliability service offerings |
| INOXPA Group | Acquisition | • INOXPA announced the acquisition of the FLUINOX, a provider of the totally personalized integral solution that includes design, development, manufacture, and installation of the equipment in the production process of liquids and solids |
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2016-2027 |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Period | 2016-2018 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Halliburton Corporation, INOXPA Group, Alexis Oil Company, RelaDyne, Inc., and Gaubert Oil Company, Inc. |
| Segments Covered |
|
| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1.1 MARKET DEFINITION 1.2 MARKET SEGMENTATION 1.3 RESEARCH TIMELINES 1.4 ASSUMPTIONS 1.5 LIMITATIONS
2 RESEARCH METHODOLOGY2.1 DATA MINING 2.2 SECONDARY RESEARCH 2.3 PRIMARY RESEARCH 2.4 SUBJECT MATTER EXPERT ADVICE 2.5 QUALITY CHECK 2.6 FINAL REVIEW 2.7 DATA TRIANGULATION 2.8 BOTTOM-UP APPROACH 2.9 TOP DOWN APPROACH 2.10 RESEARCH FLOW 2.11 DATA SOURCES
3 EXECUTIVE SUMMARY3.1 MARKET OVERVIEW 3.2 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY TYPE (USD MILLION) 3.3 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY INDUSTRY (USD MILLION) 3.4 FUTURE MARKET OPPORTUNITIES 3.5 NORTH AMERICA MARKET SPLIT
4 MARKET OUTLOOK4.1 NORTH AMERICA FLUID HANDLING SERVICES MARKET OUTLOOK
4.2 MARKET DRIVERS
4.2.1 GROWTH IN CONSTRUCTION OF FLUID HANDLING SYSTEMS IN VARIOUS END-USE INDUSTRIES 4.2.2 INCREASED FOCUS ON THE REPAIR AND MAINTENANCE OF FLUID HANDLING SYSTEMS IN OIL AND GAS INDUSTRY
4.3 MARKET RESTRAINT
4.3.1 LACK OF SKILLED LABOR FORCE
4.4 MARKET OPPORTUNITY
4.4.1 U.S. INFRASTRUCTURE UPGRADE INITIATIVES 4.4.2 GROWING GAS MARKET IN NORTH AMERICA
4.5 IMPACT OF COVID-19 ON THE NORTH AMERICA FLUID HANDLING SERVICES MARKET
5 MARKET, BY TYPE5.1 OVERVIEW 5.2 FLUSHING 5.3 FILTRATION 5.4 VARNISH REMOVAL 5.5 OTHERS
6 MARKET, BY INDUSTRY6.1 OVERVIEW 6.2 OIL & GAS 6.3 ENERGY & POWER 6.4 CHEMICALS 6.5 CONSTRUCTION 6.6 MINING 6.7 GENERAL MANUFACTURING 6.7.1 IRON AND STEEL 6.7.2 REST OF GENERAL MANUFACTURING 6.8 PULP AND PAPER 6.9 OTHERS 6.9.1 MEDICAL 6.9.2 FOOD & BEVERAGE 6.9.3 WATER AND WASTEWATER
7 MARKET, BY GEOGRAPHY7.1 NORTH AMERICA
7.1.1 U.S. 7.1.2 CANADA
8 COMPETITIVE LANDSCAPE8.1 OVERVIEW 8.2 COMPANY MARKET RANKING ANALYSIS
9 COMPANY PROFILES9.1 HALLIBURTON CORPORATION
9.1.1 COMPANY OVERVIEW 9.1.2 COMPANY INSIGHTS 9.1.3 SEGMENT BREAKDOWN 9.1.4 PRODUCT BENCHMARKING 9.1.5 SWOT ANALYSIS
9.2 MINERALS TECHNOLOGIES INC.
9.2.1 COMPANY OVERVIEW 9.2.2 COMPANY INSIGHTS 9.2.3 SEGMENT BREAKDOWN 9.2.4 PRODUCT BENCHMARKING 9.2.5 SWOT ANALYSIS
9.3 RELADYNE, INC.
9.3.1 COMPANY OVERVIEW 9.3.2 COMPANY INSIGHTS 9.3.3 PRODUCT BENCHMARKING 9.3.4 KEY DEVELOPMENT 9.3.5 SWOT ANALYSIS
9.4 HYDAC
9.4.1 COMPANY OVERVIEW 9.4.2 COMPANY INSIGHTS 9.4.3 PRODUCT BENCHMARKING
9.5 GAUBERT OIL COMPANY, INC.
9.5.1 COMPANY OVERVIEW 9.5.2 COMPANY INSIGHTS 9.5.3 PRODUCT BENCHMARKING
9.6 INOXPA GROUP (INTERPUMP GROUP SPA)
9.6.1 COMPANY OVERVIEW 9.6.2 COMPANY INSIGHTS 9.6.3 SEGMENT BREAKDOWN 9.6.4 PRODUCT BENCHMARKING 9.6.5 KEY DEVELOPMENT
9.7 HUDSON PUMP & EQUIPMENT
9.7.1 COMPANY OVERVIEW 9.7.2 COMPANY INSIGHTS 9.7.3 PRODUCT BENCHMARKING
9.8 ASTRO PAK CORPORATION
9.8.1 COMPANY OVERVIEW 9.8.2 COMPANY INSIGHTS 9.8.3 PRODUCT BENCHMARKING 9.9 ALEXIS OIL COMPANY 9.9.1 COMPANY OVERVIEW 9.9.2 COMPANY INSIGHTS 9.9.3 PRODUCT BENCHMARKING
LIST OF TABLES TABLE 1 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 2 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY INDUSTRY, 2020 – 2027 (USD MILLION) TABLE 3 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY GENERAL MANUFACTURING, 2018– 2027 (USD MILLION) TABLE 4 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY COUNTRY, 2018– 2027 (USD MILLION) TABLE 5 U.S. FLUID HANDLING SERVICES MARKET, BY TYPE, 2018– 2027 (USD MILLION) TABLE 6 U.S. FLUID HANDLING SERVICES MARKET, BY INDUSTRY, 2018– 2027 (USD MILLION) TABLE 7 U.S. FLUID HANDLING SERVICES MARKET, BY GENERAL MANUFACTURING, 2018– 2027 (USD MILLION) TABLE 9 CANADA FLUID HANDLING SERVICES MARKET, BY TYPE, 2018– 2027 (USD MILLION) TABLE 10 CANADA FLUID HANDLING SERVICES MARKET, BY INDUSTRY, 2018– 2027 (USD MILLION) TABLE 11 CANADA FLUID HANDLING SERVICES MARKET, BY GENERAL MANUFACTURING, 2018– 2027 (USD MILLION) TABLE 13 COMPANY MARKET RANKING ANALYSIS TABLE 14 HALLIBURTON CORPORATION.: PRODUCT BENCHMARKING TABLE 15 MINERALS TECHNOLOGIES INC.: PRODUCT BENCHMARKING TABLE 16 RELADYNE, INC.: PRODUCT BENCHMARKING TABLE 17 RELADYNE, INC.: KEY DEVELOPMENTS TABLE 18 HYDAC: PRODUCT BENCHMARKING TABLE 19 GAUBERT OIL COMPANY, INC.: PRODUCT BENCHMARKING TABLE 20 INOXPA GROUP: PRODUCT BENCHMARKING TABLE 21 INOXPA GROUP: KEY DEVELOPMENTS TABLE 22 HUDSON PUMP & EQUIPMENT: PRODUCT BENCHMARKING TABLE 23 ASTRO PAK CORPORATION: PRODUCT BENCHMARKING TABLE 24 ALEXIS OIL COMPANY: PRODUCT BENCHMARKING LIST OF FIGURES FIGURE 1 NORTH AMERICA FLUID HANDLING SERVICES MARKET SEGMENTATION FIGURE 2 RESEARCH TIMELINES FIGURE 3 DATA TRIANGULATION FIGURE 4 MARKET RESEARCH FLOW FIGURE 5 DATA SOURCES FIGURE 6 NORTH AMERICA FLUID HANDLING SERVICES MARKET OVERVIEW FIGURE 7 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY TYPE (USD MILLION) FIGURE 8 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY INDUSTRY (USD MILLION) FIGURE 9 FUTURE MARKET OPPORTUNITIES FIGURE 10 UNITED STATES DOMINATED THE MARKET IN 2019 FIGURE 11 NORTH AMERICA FLUID HANDLING SERVICES MARKET OUTLOOK FIGURE 12 KEY CHANGES IN NORTH AMERICA GAS MARKET IN 2019 (YEAR ON YEAR) FIGURE 13 NORTH AMERICA FLUID HANDLING SERVICE MARKET, BY TYPE FIGURE 14 NORTH AMERICA FLUID HANDLING SERVICES MARKET, BY INDUSTRY FIGURE 15 NORTH AMERICA MARKET SNAPSHOT FIGURE 16 HALLIBURTON CORPORATION: COMPANY INSIGHT FIGURE 17 HALLIBURTON CORPORATION: SEGMENT BREAKDOWN FIGURE 18 HALLIBURTON CORPORATION.: SWOT ANALYSIS FIGURE 19 MINERALS TECHNOLOGIES INC.: COMPANY INSIGHT FIGURE 20 MINERALS TECHNOLOGIES INC.: SEGMENT BREAKDOWN FIGURE 21 MINERALS TECHNOLOGIES INC.: SWOT ANALYSIS FIGURE 22 RELADYNE, INC.: COMPANY INSIGHT FIGURE 23 RELADYNE, INC.: SWOT ANALYSIS FIGURE 24 HYDAC: COMPANY INSIGHT FIGURE 25 GAUBERT OIL COMPANY, INC.: COMPANY INSIGHT FIGURE 26 INTERPUMP GROUP SPA: COMPANY INSIGHT FIGURE 27 INTERPUMP GROUP SPA: SEGMENT BREAKDOWN FIGURE 28 TENCARVA MACHINERY COMPANY: COMPANY INSIGHT FIGURE 29 ASTRO PAK CORPORATION: COMPANY INSIGHT FIGURE 30 ALEXIS OIL COMPANY: COMPANY INSIGHTReport Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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Industry Analysis Matrix
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