Fluid Transfer System Market worth $25.0 billion by 2027 - Exclusive Report by MarketsandMarkets™

News provided by

Sep 28, 2022, 05:30 ET

CHICAGO, Sept. 28, 2022 /PRNewswire/ -- Fluid Transfer System Market size is estimated to grow from USD 19.1 billion in 2022 to reach USD 25.0 billion by 2027, at a CAGR of 5.6% over the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on "Fluid Transfer System Market"
314 – Tables
50 – Figures
312 – Pages

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

Stringency in emission norms and demand for enhanced fuel economy is projected to increase the demand for SCR and DPF systems, which would drive the Fluid Transfer System Market. Additionally, the increased demand for electric vehicles would fuel the demand for battery and power electronics cooling lines.

The need for a superior cabin comfort experience influences the demand for AC lines during the forecast period.

An increase in superior cabin comfort experience has propelled the growth of the AC lines market ever-increasing. Air conditioning has become a common system found in almost every passenger car worldwide. The rising demand for mid- & full-size SUVs and luxury vehicles with enhanced cabin comfort will drive the AC market mainly for the rear compartment and 2nd & 3rd row in case of SUVs. Furthermore, there is an increasing push from regional bodies to mandate cabin air conditioning in heavy commercial vehicles. For example, the European Commission mandated the use of cabin AC in all commercial trucks, and the Indian government has proposed to mandated the fitment of air conditioning in HCVs. However, these are yet to be fully realized. Thus, there is tough competition between automakers to provide enhanced comfort. This competition has increased pressure on OEMs to deliver technologically advanced automotive air conditioning systems. These factors are expected to drive the AC market and, in turn, propel the AC lines market during the forecast period.

The passenger cars segment is predicted to be the largest-growing segment for fluid transfer systems during the forecast period

The passenger car segment is predicted to hold the largest Fluid Transfer System Market share during the forecast period. The growing demand for passenger cars equipped with advanced engine technologies for increasing efficiency like the TGDI technology is expected to significantly drive the sales of passenger car turbo coolant lines. Furthermore, the demand for mid and full-sized SUVs with separate rear air conditioning and the growing installation rate of air brakes and air suspension, especially in premium-end vehicles for better comfort and luxury, will boost the fluid transfer market during the forecast period.

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

The Asia Pacific would be the largest-growing Fluid Transfer System Market from 2022 to 2027

The Asia Pacific is estimated to be the largest growing market for fluid transfer systems from 2022 to 2027, as the upcoming emission norms in the Asia Pacific are among the major driving factors influencing the Fluid Transfer System Market. For instance, China implemented China 6a in January 2021 & plans to implement the 6b in 2023. Similarly, India implemented BS VI norms in 2020. At the same time, the demand for luxury cars has been increasing considerably. The increase in demand for vehicles, especially premium passenger cars, especially SUVs, has accentuated the need for cabin comfort and luxury and enhanced the demand for better air conditioning systems and suspension technologies. For instance, in China, the growing popularity of premium vehicles is attracting huge investments from domestic and foreign companies. Premium brands such as Mercedes-Benz and Audi have recorded growing demand. Japan and South Korea have a significant share of fluid transfer system devices in passenger cars due to the high market share of D, E, and F-segment cars that require air suspension technologies and turbochargers. The large production of SUVs in the Asia Pacific offers tremendous growth opportunities for regional and foreign OEMs to come up with the latest and advanced models to fulfill the regional demand of customers. Also, the OEMs are also shifting focus on direct injection engines for gasoline cars (TGDI) to meet the upcoming emission norms. This trend is expected to grow rapidly during the forecast period. Thus, the region's market for fluid transfer systems is expected to grow significantly in the coming years.

Key Market Players

The Fluid Transfer System Market is dominated by global players and comprises several regional players. The key players in the Fluid Transfer System Market are Cooper Standard (US), Kongsberg Automotive (Switzerland), TI fluid systems (UK), Continental AG (Germany), Akwel (France), Gates Corporation (US), Hutchinson (France), Lander Automotive (UK), Tristone (Germany), and Castello Italia (Italy).

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id= 163311077

Browse Related Reports:

Air Suspension Market by Component (Air Spring, Shocker, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Vehicle Type (ICE & Electric), Aftermarket & Region - Global Forecast to 2027

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region - Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 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, "Knowledge Store" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fluid-transfer-system-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/fluid-transfer-system.asp