Vancouver, BC -- (SBWire) -- 05/06/2021 --The latest market report published by Emergen Research, titled "Global Fluid Transfer System Market", presents an accurate analysis of the estimated market size, share, revenue, and sales & distribution networks of the global Fluid Transfer System market over the forecast period. The report offers an exhaustive overview of the market, along with a precise summary of the market's leading 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. 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.
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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.
Key players in the market include Contitech, Cooper Standard, Lander Automotive, Akwel, Gates Corporation, Hutchinson, Tristone, TI Fluid Systems, Castello Italio, and Kongsberg Automotive.
Fluid Transfer System Market Segmentation:
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
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Mild Hybrid Vehicles
Aerospace
Manufacturing
Others
Material Outlook (Revenue, USD Billion; 2018–2028)
Aluminum
Stainless Steel
Rubber
Nylon
Steel
Others
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Global Fluid Transfer System Market Report – Key Takeaways:
The latest research report analyzes the changing competitive scenario.
The report carries an unbiased perspective towards the global market performance.
The study presents an eight-year assessment of the global market and its principal product segments.
Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
The report serves as an exhaustive regional analysis of the global Fluid Transfer System market, systematically presenting the business profiles of various stakeholders.
Furthermore, the report provides valuable data about the critical factors influencing market progress.
Table of Content
Chapter 1. Methodology & Sources
1.1. 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. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Fluid Transfer System Market Segmentation & Impact Analysis
4.1. Fluid Transfer System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing vehicle production
4.2.2.2. Increase in stringency in tailpipe emission limits
4.2.3. Market restraints analysis
4.2.3.1. Growing popularity of electric vehicles may impact ICE fluid transfer system market
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Fluid Transfer System Market By Equipment Type Insights & Trends, Revenue (USD Billion)
5.1. Equipment Type Dynamics & Market Share, 2021 & 2028
5.1.1. AC lines
5.1.2. Air suspension lines
5.1.3. SCR lines
5.1.4. Brake lines
5.1.5. DPF lines
5.1.6. Fuel lines
5.1.7. Turbo coolant lines
5.1.8. Transmission oil cooling lines
CONTINUED..!!
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Fluid Transfer System Market Business Opportunities, Demand, Insights Research and Outlook 2021 to 2028
Rising demand for premium vehicles and growing adoption of after-treatment devices in diesel engines is driving growth of the global fluid transfer system market