The Global Fluid Treatment market is to reach US$259.77 billion by 2016. One of the key factors contributing to this market growth is the increasing demand from developing countries. The Global Fluid Treatment market has also been witnessing an increasing number of mergers and acquisitions. However, the increasing price war among the competitors could pose a challenge to the growth of this market.
It has been observed that many end-users in the Global Fluid Treatment market prefer end-to-end products. End-users expect end-to-end flow products that offer improved total cost of ownership than stand-alone fluid treatment products. In addition, large vendors offer end-to-end products to differentiate their products from those of regional, low-cost vendors.
The Global Fluid Treatment market is driven by the demand for fluid treatment products in several Process industries such as the Water Management, Paper and Pulp, Oil and Gas, Energy, Petrochemicals, and Power industries. In fact, the Global Process industry is currently growing at a rapid rate, and this creates growth opportunities for the Global Fluid Treatment market. Moreover, the Process industry is growing at a faster rate in developing countries than in developed countries, thus leading to higher demand for fluid treatment equipment and consumables in developing countries. Therefore, there are currently a large number of growth opportunities in the market as a result of the rapid growth of the Global Process industry.
The key vendors dominating this market space are Pentair Ltd., Flowserve Corp., GE Co., and ITT Corp.
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