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Fluid Transfer System Market Forecast, Research Overview and Key Companies Analysis by 2028

September 1, 2021

The global 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. The report provides detailed insights into Fluid Transfer System market size, market trends, industry trends, consumer trends, market forecast, revenue share growth, along with ranging impacts of each driver on market size. It also provides analysis of various factors expected to restrain or limit potential growth in Fluid Transfer System market size over the forecast period, 2020–2028. The report includes profiles of major players in the Fluid Transfer System market, strategies being employed/deployed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Fluid Transfer System market share contribution of these countries.

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Global Fluid Transfer System market size expansion is significantly supported by contribution from major segments and increasing deployment in a range of applications. While conducting primary research, the researchers observed that the rapid growth of the Fluid Transfer System Market through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide Fluid Transfer System market. The worldwide Fluid Transfer System market has been categorized as product, end-user, and major geographic regions. 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.

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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)
- Hoses
- Tubing

Application Outlook (Revenue, USD Billion; 2018–2028)
- Automotive
  1. Battery Electric Vehicle (BEV)
  2. Plug-in Hybrid Electric Vehicle (PHEV)
  3. Mild Hybrid Vehicles
- Aerospace
- Manufacturing
- Others

Material Outlook (Revenue, USD Billion; 2018–2028)
- Aluminum
- Stainless Steel
- Rubber
- Nylon
- Steel
- Others

Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
  1. U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. U.K.
  3. France
  4. Norway
  5. Italy
  6. BENELUX
  7. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest Of MEA

In terms of Fluid Transfer System market share and revenue contribution to the global Fluid Transfer System market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Fluid Transfer System market share.

The market intelligence report on the Fluid Transfer System Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Fluid Transfer System industry

In terms of Fluid Transfer System market size, North America is expected to remain dominant among the other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting Fluid Transfer System market size growth.

Asia Pacific Fluid Transfer System market size is expected to remain steady, and register fastest revenue growth rate between 2020 and 2028. Rapid revenue growth rate in countries such as China and India is attributable to rapid growth in Fluid Transfer System market size in Asia Pacific, and the trend is expected to continue going ahead.

Continuous developments in countries in Europe is expected to support growth in regional market size over the forecast period.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

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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%.

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Fluid Transfer System industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Fluid Transfer System market across different regions?
Who are the major driving forces expected to decide the fate of the Fluid Transfer System industry worldwide?
Who are the prominent market players making a mark in the Fluid Transfer System market with their winning strategies?
Which Fluid Transfer System industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Fluid Transfer System market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Fluid Transfer System Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Fluid Transfer System Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028