Fuel Transfer Pumps Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Piusi S.p.A, Graco Inc., Creative Engineers, Groz Engineering Tools Ltd., Tuthill Corporation, GoatThroat Pumps, SPATCO, Pricol Limited, Liquidynami

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2348

The Business Research Company offers in-depth market insights through Fuel Transfer Pumps Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The fuel transfer pumps market size has grown strongly in recent years. It will grow from $1.79 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to consumer preferences, energy sector requirements, industrialization, urban development and construction, oil & gas industry demand, increased fuel consumption..

The fuel transfer pumps market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to product innovation, remote monitoring solutions, emerging markets and industrial growth, urban development projects, energy infrastructure investments.. Major trends in the forecast period include safety and efficiency, rise in fuel demand, shift towards renewable energy, industrial expansion, agricultural machinery..

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Market Segmentation:
The fuel transfer pumps market covered in this report is segmented -

1) By Type: AC Fuel Transfer Pump, DC Fuel Transfer Pump, Hand Fuel Transfer Pump
2) By Motor Type: 12V DC, 24V DC, 115V AC, 230V AC
3) By Mounting: Fixed, Portable
4) By Application: Construction, Mining, Agriculture, Chemical, Military, Transportation, Food And Beverage, Other Applications

Major Driver - Fuel Transfer Pumps Market Accelerates With The Expanding Automotive Industry
Expansion of the automotive industry is expected to propel the growth of the fuel transfer pumps market going forward. 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. For instance, in May 2022, according to an article published by CEIC Data, a US-based provider of macro and micro economic data insights, 9.2 million units of motor vehicles were produced in the US in 2021, a rise from the previously reported figure of 8.8 million units for December 2020. Therefore, the expansion of the automotive industry is driving the growth of the fuel transfer pumps market.

Competitive Landscape:
Major companies operating in the fuel transfer pumps market report are Piusi S.p.A, Graco Inc., Creative Engineers, Groz Engineering Tools Ltd., Tuthill Corporation, GoatThroat Pumps, SPATCO, Pricol Limited, Liquidynamics, Robert Bosch GmbH, DENSO CORPORATION, ContiTech AG, Johnson Electric Holdings Limited, SHW Storage & Handling Solutions GmbH, Magna International Inc., Fill-Rite Company, Great Plains Industries Inc., Yamada Corporation, TeraPump, Fuelworks Ltd., Gorman-Rupp Company, FLOJET Corporation, Lincoln Industrial Corporation, IDEX Corporation, Hytek GB Ltd., Fuel Transfer LLC, Meclube S.R.L., Gilbarco Inc., Cim-Tek Filtration, Corken Inc., RAASM SpA

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Top Trend - Fuel Transfer Pumps Market Propelled By Technological Advancements And Eco-Efficiency
Technological advancements are the key trend gaining popularity in fuel transfer pumps market going forward. 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. Svaneti introduced two significant innovations to the market with the CS fuel pump (short for cryogenic submerged), including a self-cleaning LNG filter that prevents clogging, which would otherwise result in increased wear and operational disruptions, and a new permanent magnet motor that guarantees higher efficiency and lowers energy consumption than other motors.

The Table Of Content For The Market Report 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
…..
27. Fuel Transfer Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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