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.

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 new report titled ‘Global Fluid Transfer System Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Fluid Transfer System market outlook over the forecast duration. Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.

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The global Fluid Transfer System market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Fluid Transfer System market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Fluid Transfer System market.

Competitive Terrain:

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.

Regional Overview:

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.

Key players in the market include Contitech, Cooper Standard, Lander Automotive, Akwel, Gates Corporation, Hutchinson, Tristone, TI Fluid Systems, Castello Italio, and Kongsberg Automotive.

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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

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