steel pipelines and cables in a plant,Industrial zone.
The Fluid Dispensing Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fluid Dispensing Systems Global Market Report 2024, The fluid dispensing systems market size has grown strongly in recent years. It will grow from $34.62 billion in 2023 to $37.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to manual dispensing methods, growth in manufacturing processes, increased demand for precision dispensing, rise in automation in production lines, expansion of the electronics manufacturing industry.
The fluid dispensing systems market size is expected to see strong growth in the next few years. It will grow to $47.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing demand for miniaturization in electronics, growing emphasis on sustainable and eco-friendly dispensing solutions, expansion of healthcare and pharmaceutical manufacturing, adoption of industry 4.0 in manufacturing, integration of robotics in dispensing processes. Major trends in the forecast period include development of smart and connected dispensing systems, rise of jetting technologies in fluid dispensing, customization of dispensing solutions for diverse applications, integration of machine learning in dispensing processes, increased use of disposable dispensing components.
The spread of automation technology and machinery in industries is expected to propel the growth of the fluid dispensing systems market going forward. Industrial automation uses advanced technologies, such as robotics, control systems, and computer software, to automate and streamline industrial processes, increasing efficiency, productivity, and safety in manufacturing and other industrial sectors. The rise of automation technology in industries drives the growth of fluid dispensing systems by enabling precise, efficient, and reliable fluid handling processes. Automation ensures consistent dispensing, increased throughput, and improved process control and fosters innovation in fluid dispensing solutions, meeting the demand for seamless integration into automated production lines. For instance, in November 2021, according to the Association for Advancing Automation, a US-based trade association, the number of robot orders increased by 67% from the same period in 2020 to the second quarter of 2021. Further, North American companies witnessed a significant increase in robot orders in Q2 2021, with 9,853 robots valued at $501 million ordered, compared to 5,196 robots in Q2 2020. Therefore, the spread of automation technology and machinery in industries is driving the growth of the fluid dispensing systems market.
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The fluid dispensing systems market covered in this report is segmented –
1) By Product: Flux, Lubricant, Solder Paste, Adhesives And Sealants, Conformal Coatings, Other Products
2) By Machine Type: Manual, Semi-automatic, Automatic
3) By End-Use Industry: Electrical And Electronics, Automotive, Building And Construction, Aerospace, Medical, Other End Use Industries
Major companies operating in the fluid dispensing systems market are focusing on developing innovative systems such as network-capable fluid dispensers. A network-capable fluid dispenser refers to a fluid dispensing system that is equipped with the capability to connect to a network, allowing for communication, control, and monitoring functionalities. For instance, in January 2022, Nordson Corporation, a US-based company manufacturing and providing fluid dispensing solutions, announced the launch of the ‘UltimusPlus’. It is a fluid dispenser with network capabilities, enhances operational efficiency by enabling remote programming directly through a Programmable Logic Controller (PLC). This fluid dispenser offers Ethernet connectivity utilizing Transmission Control Protocol/Internet Protocol (TCP/IP), facilitating integration with Smart Factory and Industry 4.0 manufacturing environments.
The fluid dispensing systems market report table of contents includes:
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