Fluid Transfer System Market Research Report Analysis 2020 – 2028 by Size, Share, Trends, Growth, Industry Analysis and Outlook
Fluid Transfer System Market Size – USD 17.57
Billion in 2020, Market Growth – at a CAGR of 6.2%, Market Trends – Implementation
of stringent emission standards
Fluid transfer systems are commonly used in manufacturing,
shipping, automotive, and aerospace industries. These systems are incorporated
into machines or can also be used independently. Some common components of
fluid transfer systems are hoses, pipes, valves, and accessory loading
equipment. These systems are used in automobiles for air conditioning, fuel
injection, and engine cooling. Growing adoption of Selective Catalytic
Reduction (SCR) in diesel engines, along with rise in vehicle production and
demand are some other key factors driving market growth.
The Global Fluid Transfer System Market report
assesses the historical and current data along with a thorough analysis of the
market dynamics. The report also sheds light on the significant market growth
driving and restraining factors that are anticipated to influence the market
growth through the forecast period.
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Key
Market Dynamics: The global Fluid Transfer System
market research report details on the ongoing market trends, development
outlines, and several research methodologies. It illustrates the key factors
that directly manipulate the market, for instance, production strategies,
development platforms, and product portfolio. According to our researchers,
even minor changes within the product profiles could result in huge disruptions
to the above-mentioned factors. Each of these factors has been elaborately
discussed in the initial segment of the study.
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Some
Key Highlights in the Report
·
Selective Catalytic Reduction (SCR) is a
cost-effective fuel-efficient technology used to reduce emissions from diesel
engines. All heavy-duty diesel truck engines manufactured after 1 January 2020
are required to meet the Environmental Protection Agency (EPA) emission
standard. The standard is very stringent, and aimed at reducing nitrogen oxide
(NOx) and particulate matter (PM) to near-zero levels. SCR can reduce nitrogen
oxide emissions up to 90% while reducing hydrocarbon (HC) and carbon monoxide
emissions by 50–90% and particulate matter (PM) emissions by 30–50%.
·
Rubber hoses are commonly used for fluid
transfer and are designed for specific fluid, pressure, and temperature ranges
and are available in a variety of specifications. Rubber hoses have capability
of resisting erosive wear better than steel pipes in certain applications.
·
North America accounted for a
significantly large revenue share in 2020 due to presence of major market
players such as Cooper Standard and Gates Corporation. Increasing investment in
research & development of advanced fluid transfer systems in countries in
the region is expected to propel growth of the North America market going ahead.
·
Key
players in the market include Contitech, Cooper
Standard, Lander Automotive, Akwel, Gates Corporation, Hutchinson, Tristone, TI
Fluid Systems, Castello Italio, and Kongsberg Automotive.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Fluid Transfer System Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Fluid Transfer System market is segmented based on product types offered
in the market, their applications, end-user industries, different types of
technologies, and key regions of the market.
·
Equipment Type Outlook (Revenue,
USD Billion; 2018–2028)
o AC
lines
o Air
suspension lines
o SCR
lines
o Brake
lines
o DPF
lines
o Fuel
lines
o Turbo
coolant lines
o Transmission
oil cooling lines
·
Type Outlook (Revenue, USD
Billion; 2018–2028)
o Hoses
o Tubing
·
Application Outlook (Revenue, USD
Billion; 2018–2028)
o Automotive
1.
Battery Electric Vehicle (BEV)
2.
Plug-in Hybrid Electric Vehicle (PHEV)
3.
Mild Hybrid Vehicles
o Aerospace
o Manufacturing
o Others
·
Material Outlook (Revenue, USD
Billion; 2018–2028)
o Aluminum
o Stainless
Steel
o Rubber
o Nylon
o Steel
o Others
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Key
Questions You Asked:
·
What is the growth rate of the Fluid
Transfer System market? What is the anticipated market valuation of the Fluid
Transfer System industry by 2028?
·
What are the key growth driving and
restraining factors of the Fluid Transfer System market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Fluid Transfer System industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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