Author: Vikas Kumar
12 January 2023
Fuel transfer pump is delineated to deliver various kind of liquid fuel from one unit to another through a network of pipes, lines, and tubing. Fluids such as gasoline, diesel, motor oil, and kerosene are ideally transferred from the storage drum or tanks to the vehicle, construction equipment, aircraft, and other mobility vehicles/machinery. Also, fuel transfer pumps are widely used for high-pressure fuel delivery. In recent times, fuel transfer pumps have witnessed a significant demand owing to rapid industrialization and construction activities coupled with the growing demand from various industries such as aerospace, chemical, mining, agriculture, and water & wastewater treatment, among others.
The Fuel Transfer Pumps Market is expected to grow at a steady rate of around 6% during the forecast period (2022-2028) owing to the increasing demand for fuel-efficient pumps in several industry verticals coupled with the rising economy and increasing disposable income. Major companies in the market are focusing to provide fuel transfer pumps with technologically advanced features along with product launches, collaboration, and mergers & acquisitions. For instance, Pumster provides liquid transfer pumps in the three categories such as LSS (Single Stage & Single Driven), LSD (Single Stage & Double Driven), and LST (Single Stage & Triple Driven).
For a detailed analysis of the Global Fuel Transfer Pumps Market browse through – https://univdatos.com/report/fuel-transfer-pumps-market/
Based on the product, the market is segmented into AC fuel transfer pumps, DC fuel transfer pumps, and hand fuel transfer pumps. The DC fuel transfer pump is expected to witness significant market growth during the forecast period owing to its compact size, flexibility, and longer durability. Additionally, the increasing industrialization, construction activities, and increasing utilization of earth-moving machines, fleet operation, and large farming applications among others are expected to increase the penetration of DC fuel pumps in the coming times.
Based on the application, the market is segmented into construction, transportation, agriculture, chemical, mining, food & beverage, and others. The transportation segment is expected to witness a significant CAGR during the forecast period owing to the diversified transportation mode such as marine, air, road, and rail transport coupled with the increasing demand for fuel-based vehicles which in turn are expected to generate the demand for refueling pumps. Also, the fuel transfer pumps are able to transfer lubrication oil and are explosion-proof, self-priming, and straight centrifugal depending on the application, and are expected to propel the market in the coming time.
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For a better understanding of the market adoption of the fuel transfer pumps industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is due to the rapid industrialization and growing automotive industries coupled with the advancement in the manufacturing industries. Also, the growing number of construction projects and increasing disposable income along with the growing investment in the region is expected to support the market growth in the continent. For instance, China has registered a total sale of 20.18 million units of passenger vehicles & 5.13 million commercial vehicles in the year 2020, and 21.48 million units of passenger vehicles & 4.79 million units of commercial vehicles for the year 2021. The increase in the number of vehicles is expected to propel the market growth in the region during the forecast period.
Some of the major players operating in the market include Graco Inc, Tuthill Transfer System, Great Plains Industries Inc., INTRADIN, Johnson Electric, Delphi Automotive Plc., Continental Ag, Denso Corporation, Mach Power Point Pumps India Pvt. Ltd., and Magna International Inc.
Global Fuel Transfer Pumps Market Segmentation
Market Insight, by Product
Market Insight, by Motor
Market Insight, by Mounting
Market Insight, by Application
Market Insight, by Region
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