Which type of fluid transfer system is going to dominate in the future?

The report "Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant), Material (Al, Rubber, Nylon, Steel, Stainless Steel), Vehicle Type (PC, LCV, HCV, OHV, BEV, HEV, PHEV) and Region - Global Forecast to 2027", The fluid transfer system market is projected to grow at a CAGR of 6.8% from 2019 to 2027, and the market size is expected to grow from USD 17.5 billion in 2019 to USD 29.6 billion by 2027.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163311077

AC lines segment will hold the largest share of the fluid transfer system market

Air conditioning (AC) lines are employed to circulate the refrigerant between the evaporator and the condenser in the cooling system. The refrigerant absorbs heat by evaporation in the evaporator; then it gives up the heat when vapors are condensed in the condenser. Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Lack of greenery, rising global temperatures, changing lifestyles, rapid industrialization leading to increased pollution levels, advanced cooling technologies to filter the air within the vehicles, to prevent airborne diseases have resulted in employing AC systems in automobiles propelling the market during the forecast period.

Truck is the fastest-growing segment for fluid transfer system as it is witnessing increasing usage of SCR and DPF

Trucks are heavy vehicles mainly used for goods transportation. The major factors for the growth of truck production are increasing industrialization, growing logistics activities, and expanding eCommerce business. In trucks, there is high volume fluid transfer as compared to light-duty vehicles which imply that the lines used in trucks are longer than passenger cars and light commercial vehicles. That is why the number of lines used in a truck is more than that of other light-duty vehicles. Alternatively, the upcoming regulations expected to get deployed in the coming years would drive the demand for the turbocharger, DPF, and SCR lines in heavy trucks.

Asia Pacific is estimated to be the largest geographical segment of the fluid transfer system market

The upcoming emission norms in Asia Pacific are the most prominent driving forces for the fluid transfer system market. In the Asia Pacific region, the European and American standards are followed, except in Japan, as it has its emission norms. It is estimated to have a 100% adoption rate of DPF by 2021 for all vehicle types. The SCR adoption rate is expected to be 100% by 2021 for buses and trucks, and by 2025 for passenger cars and LCVs. These norms will increase the adoption of DPF, SCR, air suspension, turbocharger lines, and hence the market for fluid transfer system.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=163311077

Key Market Players:

The fluid transfer system market is dominated by global players and comprises several regional players as well. The key players in the fluid transfer system market are Cooper Standard (US), Kongsberg (Switzerland), Contitech (Germany), Akwel (France), Hutchinson (France), Lander automotive (UK), Tristone (Germany), Castello Italia (Italy), Gates (US), and TI fluid systems (UK).

Key Questions addressed by the report

• Which type of fluid transfer system is going to dominate in the future?
• Which are the industry players leading the market and the strategies adopted by them?
• When are SCR lines going to get mass adoption in the fluid transfer system market for all vehicle types?
• What could be the market size of fluid transfer systems for off-highway vehicles?
• What could be the size of the fluid transfer system market for the electric & hybrid vehicle?

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/fluid-transfer-system-market-163311077.html

Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: newsletter@marketsandmarkets.com
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of globalFortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.