openPR Logo
Press release

Automotive Fuel Transfer Pumps Market Development, Growth and Demand Forecast

02-07-2020 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Automotive Fuel Transfer Pumps Market

Automotive Fuel Transfer Pumps Market

Technological advancements and changing consumer preferences are driving the automotive fuel transfer pumps market across the world. In 2015, the market valued $49,052.6 million, and it is projected to advance at a 4.7% CAGR during the forecast period (2016-2022). Fuel transfer pumps were initially installed in vehicles to supply the fuel to the engine from the fuel tank. But with rising pollution, these are also being used to increase the fuel efficiency and performance.

Several types of pumps are available in the market, including fuel supply, fuel injection, transmission oil, engine oil, and vacuum pumps. Among all, fuel supply pumps registered the highest sales and revenue in the automotive fuel transfer pumps market in 2015. Fuel supply pumps transfer the fuel from the storage tank to the engine, without which vehicles cannot move. Therefore, owing to their importance in vehicles, these dominated the market and will continue to do so during the forecast period.

However, vacuum pumps are expected to advance with the highest revenue and sales volume CAGR in the automotive fuel transfer pumps market during the forecast period. Apart from creating vacuum for braking systems, these are also used in air conditioning and central locking systems. The reason for their rapid growth would be the changing consumer preferences, which are compelling automotive manufacturers to offer such advanced systems in their vehicles. Hardly any personal vehicle nowadays comes without air conditioning, whereas the central locking system is also gaining rapid popularity.

This is because with rising disposable income, more consumers are able to afford vehicles with premium features. In countries such as Brazil, India, and China, these systems are moving beyond premium and executive cars to be included in compact as well as mid-segment cars. Further, with the existence of numerous large automotive makers and consumer base, the competition in the automobile industry is increasing. To be on top, vehicle manufacturers are equipping their vehicles with such systems, many of which require fuel transfer systems, including vacuum pumps.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-fuel-transfer-pumps-market/report-sample

Another reason for the growth of the automotive fuel transfer pumps market is technological advancements. To dominate the competition, automakers are integrating gasoline turbochargers, automatic transmission, power steering, and gasoline direct injection in vehicles. The installation of many of these systems is also a result of strict regulations in many countries with regard to carbon emissions. For instance, the fuel efficiency increases and fuel combustion improves with the use of gasoline turbocharged direct injection. So, as these systems are integrated into more vehicles, the sales of advanced fuel injection systems are expected to increase.

Hyundai Motor Company, General Motors, BMW AG, Ford Motor Company, and Volkswagen offer the technology in their personal vehicles. Just as the gasoline turbocharged direct injection technology becomes popular in personal vehicles, diesel turbocharged direct injection systems are being rapidly installed in commercial vehicles, such as buses and trucks. Such heavy-duty vehicles generate lots of emissions; therefore, it is becoming necessary to equip them with technologies that help reduce pollution. Therefore, with the rising commercial vehicle sales, the automotive fuel transfer pumps market is predicted to prosper further.

Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/automotive-fuel-transfer-pumps-market

Across the world, Asia-Pacific dominated the market during the historical period (2012-2015) in terms of sales volume as well as revenue, and it is expected to maintain its dominance during the forecast period. However, the automotive fuel transfer pumps market is projected to grow the fastest in Middle East and Africa in terms of value and volume owing to the rapidly surging demand for passenger cars and increasing technological advancements in automotive technology.

Hence, with the growth of the automobile industry in developing countries, the market for automotive fuel transfer pumps would continue to progress.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Fuel Transfer Pumps Market Development, Growth and Demand Forecast here

News-ID: 1923369 • Views:

More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period. According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sectors
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period. This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by Omnichannel Integration
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, and Growth Opportunities
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,

All 4 Releases


More Releases for Fuel

Fuel Cell Market to Expand Significantly by 2024 | Horizon Fuel Cell Technologie …
The "Fuel Cell Market" intelligence report, just published by USD Analytics, covers insurers' micro-level study of important market niches, product offers, and sales channels. In order to determine market size, potential, growth trends, and competitive environment, the Fuel Cell Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study
Electronic Fuel Management System Market Share and Future Forecast 2022 to 2028 …
The global Electronic Fuel Management System market revenue is expected to register a CAGR of 8.8% during the forecast period. Latest Study on Industrial Growth of Electronic Fuel Management System Market 2022-2028. A detailed study accumulated to offer current insights about important features of the Electronic Fuel Management System market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, value chain optimization, price, and other substantial factors. While emphasizing
Marine Gensets Market: Information by Vessel Type (Commercial Vessel, Defense Ve …
A marine genset is a power unit generator that supplies electricity to ships. It offers reliable and fuel-efficient electric power generation for onboard power, emergency gensets, and diesel-electric propulsion. It can be fueled by gas, diesel, hybrid fuel, and others. It has application in offshore commercial vessels, defense vessels, and offshore vessels, among others. Nowadays, most of the marine gensets are fueled by diesel. However, the introduction of alternative fuels
Fuel Card Market to 2027 - Global Analysis and Forecasts By Type (Branded Fuel C …
The global fuel card market is estimated to account US$ 6.29 Bn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 – 2027, to account to US$ 10.39 Bn by 2027. Request Sample Pages of “Fuel Card Market” Research Report @ www.theinsightpartners.com/sample/TIPRE00003099/?utm_source=openpr&utm_medium=10387 Fuel Card Market: Key Insights Fuel Card Market Size 2021, by manufacturer, region, types, and application, forecast till 2028 is analyzed and researched on
Clean Fuel Technology Market – Development Assessment 2025 | Clean Fuel Develo …
Global Clean Fuel Technology Market: Overview Clean technology in general implies the use of any service, product, or system that has as little of a negative impact on the environment as possible. Aspects of clean technology include the conservation of energy, sustainable resources, and clean sources of fuels. Clean fuels can refer to the use of renewable fuels such as biogas, or also blended fuels such as fossil fuels with renewable
Fuel Cell Interconnectors Market By Product Type Ceramic based, Metal based; By …
Global Fuel Cell Interconnectors Market Introduction A fuel cell is a battery that generates electricity through an electrochemical reaction where the fuel cell interconnector is a layer made up of either ceramic or metallic material, which combines the electricity generated by each individual cell. Fuel cell interconnectors are placed between each individual cell to connect the cells in the series. Ceramic fuel cell interconnectors are more suitable for high-temperature working conditions