Fluid handling systems are used for measuring, controlling and directing the flow of liquid. Fluid handling systems comprise fluid control hardware components and software solutions for critical industrial applications such as oil and gas, chemical, food and beverages, pharmaceutical, wastewater management, and energy and power. The fluid handling system market is characterized by the high demand for quality, precision, and innovation in various industrial applications. The market for fluid handling systems is driven by the continuous research and development activities for enhanced cost effectiveness and productivity in production processes.
Visionary leaders are the leading players in the market with a strong product portfolio, robust market presence, and effective business strategies. These players have broad product offerings that cater to most of the regions globally. They primarily focus on achieving the leading position in the market through their strong financial capabilities and well-established brand equity.
Companies under this quadrant are well-established vendors with strong business strategies such as industry coverage, inorganic growth, geographic reach, and technology innovation. However, they have a weaker product portfolio than the innovators in this matrix. They generally focus on a specific type of technology related to the product considered in this market.
The fluid handling system market is moderately dependent on innovators that bring innovation in the market through product and technology developments. Innovators demonstrate substantial product innovations compared to their competitors.
Emerging companies offer niche products and have started gaining position in the market. They lack strong business strategies compared to other established players.