Press release
Fuel Transfer Pumps Market 2023 - Growth Factors, Business Developments, Industry Segmentation,Top Manufacturers, Future Technologies And Outlook By 2032
The Business Research Company's Fuel Transfer Pumps Global Market Report 2023 identifies Expansion of the automotive industry as the major driver for the Fuel Transfer Pumps market's growth in the forecast period. Fuel transfer pumps refer to the pumps that are employed in vehicles with sophisticated injection systems because they are relatively safe and effective and provide fuel to the engine with little power loss. The decrease of carbon dioxide emissions from engines is also aided by electric vacuum fuel transfer pumps.The global fuel transfer pumps market size is expected to grow from $1.70 billion in 2022 to $1.81 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fuel transfer pumps market size is expected to grow to $2.23 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the Fuel Transfer Pumps market are Piusi S.p.A, Graco Inc., Creative Engineers, Groz Engineering Tools (P) Ltd., Tuthill Corporation.
A key trend in the Fuel Transfer Pumps market includes technological advancements. Major companies operating in the market are developing fuel transfer pumps with innovative features such as permanent magnet motors, self-cleaning filters, two-side dispensing of high-speed, and others to sustain their position in the market. For instance, in September 2022, SVANEHØJ Danmark A/S, a Denmark-based pump designer and producer for offshore installations, developed a new fuel pump for ships powered using LNG. The brand-new CS pump is a submerged pump that is mounted at the tank's base.
Read More On The Global Fuel Transfer Pumps Market Report Here:
https://www.thebusinessresearchcompany.com/report/fuel-transfer-pumps-global-market-report
The Fuel Transfer Pumps market is segmented -
• By Type: AC Fuel Transfer Pump, DC Fuel Transfer Pump, Hand Fuel Transfer Pump
• By Motor Type: 12V DC, 24V DC, 115V AC, 230V AC
• By Mounting: Fixed, Portable
• By Application: Construction, Mining, Agriculture, Chemical, Military, Transportation, Food And Beverage, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fuel Transfer Pumps market.
The Business Research Company's "Global Fuel Transfer Pumps Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fuel Transfer Pumps Market Include:
1. Executive Summary
2. Fuel Transfer Pumps Market Characteristics
3. Fuel Transfer Pumps Market Trends And Strategies
4. Fuel Transfer Pumps Market - Macro Economic Scenario
5. Fuel Transfer Pumps Market Size And Growth
……………………………………..
28. Key Mergers And Acquisitions In The Fuel Transfer Pumps Market
29. Fuel Transfer Pumps Market Future Outlook and Potential Analysis
30. Appendix
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