Global Fuel Delivery Systems Market Analysis and Forecasts, By Application, Fuel Type, End-Use Industry 2024

The fuel delivery systems market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the fuel delivery systems market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said period in terms of revenue (in US$ Mn) and volume (in thousand units), across the geographies including North America, Europe, Asia Pacific, and Middle East & Africa (MEA) and South America.

The global market for fuel delivery systems is heading towards overcapacity, a trend that can wreak havoc on the profit margins of large and small players, lead to an increase in the number of loss-making companies, and harm the future growth of human resources in the longer run. Considering the presence of a large number of manufacturers and suppliers in the market, the supply of fuel delivery systems is expected to continue to swell in the next few years.

Focus of manufacturers on largescale production to achieve economies of scale is also expected to add to the ever-rising pile of fuel delivery systems and components in the global market.

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Of the chief components of a typical fuel delivery system, including stop valves, gas regulators, flow and pressure safety switches, sensors, and thermocouples, the segment of stop valves dominates, accounting for a nearly 54% share in the global market in 2015. Although the segment is expected to lose prominence to components such as flow and pressure safety switches and sensors in the next few years, it will continue to dominate the global market, albeit with a lesser share by 2024.

Of the key regional markets for fuel delivery systems, the market in Asia Pacific is presently the most lucrative one. The region held a nearly 25% of the total global fuel delivery systems market in 2015.

Presence of a large number of manufacturing units and suppliers and the availability of raw materials aid the fuel delivery systems market’s growth in the region. The market for fuel delivery systems in the region is also driven owing to the vast expansion of energy industries in emerging economies such as India and China. Technological advancements in fuel delivery systems and the rising preference for automated systems in process industries is likely to benefit the market for fuel delivery systems in Asia Pacific in the next few years.

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Over the forecasting horizon, the market for fuel delivery systems in Middle East and Africa (MEA) is likely to present lucrative growth opportunities. The Middle East and Africa fuel delivery systems market is projected to exhibit a 4.7% CAGR from 2016 through 2024. The rapid expansion of the oil and gas and refining industries in the region will be the key factors presenting opportunities for manufacturers and suppliers of fuel delivery systems. Rising investment I n the energy sector in Africa will also generate lucrative growth opportunities for the fuel delivery systems market in the next few years.

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