PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454125
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454125
Fluid Dispensing Equipment Market size was valued at USD 8,288.62 Million in 2023, expanding at a CAGR of 4.5% from 2024 to 2032.
Fluid dispensing equipment includes a broad array of devices that accurately and precisely distribute, blend, and/or measure fluid substances. These tools can be employed for a variety of purposes, such as distributing adhesives from syringes, caulk from handheld guns, or even dispensing media in a controlled and repetitive manner using microprocessor and/or robotic technology. The utilization of fluid dispensing equipment is vital in improving manufacturing efficiency, product quality, and reliability across different industries by enabling the precise and controlled distribution of fluids in various production processes.
Fluid Dispensing Equipment Market- Market Dynamics
Demand For Semiconductor Packaging And Circuit Assembly Is propelling the Market growth
The demand for precise and efficient fluid dispensing in semiconductor packaging and circuit assembly is increasing due to the trend towards smaller and more powerful electronic devices. Fluid dispensing equipment allows for accurate application of adhesives, encapsulants, and other materials in the assembly of microchips and electronic components. A recent report published in 2024 reveals that mobile phones are the most popular electronic devices worldwide, with 97.8% of consumers owning them. Laptops and desktop computers follow closely behind, owned by 57.7% of global consumers. The market for fluid dispensing equipment can experience growth opportunities through advancements in dispensing technologies such as robotics, automation, and Industry 4.0 integration. However, the high initial investment required may hinder the market's growth.
Fluid Dispensing Equipment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2024-2032)
Based on Product segmentation, Adhesives and Sealants was predicted to show maximum market share in the year 2023
Based on Form segmentation, liquid fluid was the leading type in 2023
Based on end user segmentation, Electrical and Electronics was the leading type in 2023
On the basis of region, Asia pacific was the leading revenue generator in 2023
The Global Fluid Dispensing Equipment Market is segmented on the basis of Product, Type, Forms, Application, End User, and Region.
The market is segmented into six product categories: Flux, Lubricant, Solder Paste, Adhesives and Sealants, Epoxy Adhesives, Epoxy Underfill, Conformal Coatings, and Others. Adhesives and Sealants hold the largest market share. In the electrical and electronics industry, fluid dispensing equipment is essential as it facilitates various manufacturing processes such as adhesive dispensing, conformal coating, encapsulation, solder paste application, cleaning, lubrication, and potting/sealing.
The market is categorized into two groups according to Type: Manual System and Automated Robotics System.
The market is segmented into two divisions according to Forms: Liquid Fluid and Gaseous Fluid. The liquid fluid segment is expected to dominate the market over the forecast period. Liquid fluid dispensing equipment is created to manage a variety of liquid substances like adhesives, sealants, lubricants, coatings, solvents, and chemicals. On the other hand, Gaseous fluid dispensing equipment is tailored to handle gases like air, nitrogen, helium, and other compressed gases utilized for different industrial applications.
The fluid dispensing equipment market is segmented into four distinct categories according to its application: Bonding, Filling, Lubricating, and Sealing.
The market is segmented into seven distinct categories according to the end user: Medical Devices, Transportation, Construction, Electrical and Electronics, Semiconductor Packaging, Printed Circuit Boards, Food and Beverages, and Others. The Electrical and Electronics sector holds the largest share in the market. Moreover, the market is intricately connected with the adhesives and sealants industry, as it offers indispensable tools and technologies for precise, effective, and regulated dispensing of these substances in diverse manufacturing applications across various sectors.
Fluid Dispensing Equipment Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. The Asia Pacific region is projected to lead the market growth, driven by the increasing demand for systems in industries like electrical and electronics, automotive, and construction. Asia-Pacific is known for hosting some of the largest electronics manufacturing centers globally. The electronics industry in the region creates a substantial need for fluid dispensing equipment for various applications such as PCB assembly, semiconductor packaging, and smartphone manufacturing. According to research by World's Top Exports, China held a 32.9% share of global electronic circuit components production in 2020, surpassing other manufacturing hubs like Taiwan (14%), South Korea (11%), and Singapore (10.7%). Europe follows as the second-largest region for market growth, attributed to the rising industrialization.
Manufactures in the fluid dispensing equipment market engage in competitive activities driven by technological advancements, product differentiation, customer service, and global market reach. The demand for precise and efficient fluid dispensing solutions from various industries is expected to escalate competition, leading to continuous improvements in technology and product offerings. For instance, Nordson EFD, a prominent manufacturer of precision fluid dispensing systems under Nordson, has established a new Latin America Tech Center in Queretaro, Mexico. This initiative aims to provide manufacturers in the region with prompt feedback on the most suitable fluid dispensing equipment for their assembly fluid, parts, substrates, and production needs.
In March 2024, Nordson EFD, a Nordson company specializing in precision fluid dispensing systems, unveiled a new Latin America Tech Center situated in Queretaro, Mexico. This state-of-the-art facility will provide manufacturers in the region with prompt feedback on the most suitable fluid dispensing equipment for their assembly fluid, parts, substrates, and production needs.
GLOBAL FLUID DISPENSING EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Nordson Corporation
Asymtek; Protec Co. Ltd.
AdvanJet
Speedline Technologies
Musashi Engineering Inc.
GPD Global Inc.
Fisnar Inc.
Henkel AG & Co. KGaA
Techcon Systems
Intertronics
Valco Melton Inc.
Dymax Corporation
Henline Adhesive Equipment Corporation
ITW Dynatec
Others