Emergen research latest document, titled ‘Global Fluid Transfer System Market – Forecast to 2028,’ is one of the most sought-after market reports involving an in-depth analysis of the global Fluid Transfer System market. The report’s authors have offered necessary details on the latest Fluid Transfer System market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Fluid Transfer System industry entails useful insights into the estimated Fluid Transfer System market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Fluid Transfer System market.
The fluid transfer system market size is expected to reach USD 28.48 Billion at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Factors driving revenue growth of the fluid transfer system market are increasing demand for premium vehicles, implementation of more stringent fuel emission and tailpipe exhaust regulations, and stringent norms regarding CO2.
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The Global Fluid Transfer System Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
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 global Fluid Transfer System market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Fluid Transfer System market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Some Key Highlights in the Report
- In May 2020, Puck Enterprises, which is a producer of liquid transfer equipment, announced completion of the acquisition of Coupling & Accessories Inc., which is a company producing hose connection and fittings in the US. The acquisition provides Puck Enterprises capability to develop more innovative solutions and offer an enhanced product line to its customers in the liquid transfer industry. Also, the acquisition offers Puck Enterprises and its subsidiary firm, BullDog Hose Company, improved control over their product offerings.
- 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.
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Emergen Research has segmented the global fluid transfer system market on the basis of equipment type, type, application, material, and region:
- Equipment Type Outlook (Revenue, USD Billion; 2018–2028)
- AC lines
- Air suspension lines
- SCR lines
- Brake lines
- DPF lines
- Fuel lines
- Turbo coolant lines
- Transmission oil cooling lines
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Mild Hybrid Vehicles
- Material Outlook (Revenue, USD Billion; 2018–2028)
- Stainless Steel
- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest Of MEA
- North America
The report addresses the following key points:
- The report estimates the expected market size from 2020-2028
- The report provides a forecast of market drivers, restraints, and future opportunities for the Fluid Transfer System market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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