Fuel Delivery System Market
Fuel Delivery System Market (Components - Stop Valves, Flow and Pressure Safety Switches, Gas Regulator; Application - Boilers, Furnaces, and Kilns and Ovens; Fuel Type - Oil, Gas, Electricity; End-use: Oil and Gas, Power, Mining, Mineral & Metal, Chemicals, Refining, Water, Printing and Publishing, Specialty Engineering Chemicals, Pharmaceuticals, Food and Beverages, Glass, Ceramics, Alternate Fuel, Automotive, Building ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Press Release :
Global Fuel Delivery System Market – An Overview
Performance and delivery of automobiles depends on fuels, which are often judged on the counts of volatility, purity, ignition temperature, and combustibility. Better efficiency is often a result of moderate volatility, high combustibility, and high cetane and octane number. Here, there is another thing that leads to proper automobile functioning – fuel delivery system. This is responsible for taking it to the engine and thus plays a significant role in ensuring uninterrupted supply.
As per Transparency Market Research, over the forecast period of 2016 to 2024, the global fuel delivery system market would see improvements in some of its statistics. A steady growth trajectory will be charted by the market in this period. In the Asia Pacific region, thriving automotive industry will play a key role in its growth. Additionally, it is worth noting that a number of opportunities will emerge for market players.
Some of the most significant factors in the market that have made their presence felt and show promise to impact the market in some way or the other are:
- Oil and gas industry is growing due to increase in demand for fuels and this is set to add to demand as well as pave way for further demand of fuel delivery system market. Exploration and extraction activities are already witnessing a notable increase and this is set to contribute positively to the growth of the market.
- Mining also requires proper fuel delivery. And, as the industry witnesses growth, demand increases in the global fuel delivery system market in tandem, helping it chart a higher growth trajectory.
- Fuels that are used nowadays are blended, gasoline, or diesel. Engines that run on natural gas or other alternatives and any one of them can fuel the engine. These trends all point to need for efficient fuel delivery system.
Fuel Delivery System Market: Snapshot
The global market for fuel delivery systems is heading towards overcapacity, a trend that can wreak havoc on the profit margins of large and small players, lead to an increase in the number of loss-making companies, and harm the future growth of human resources in the longer run. Considering the presence of a large number of manufacturers and suppliers in the market, the supply of fuel delivery systems is expected to continue to swell in the next few years. Focus of manufacturers on largescale production to achieve economies of scale is also expected to add to the ever-rising pile of fuel delivery systems and components in the global market.
The inevitable supply-demand gap that will arise owing to the situation is expected to hamper growth of the market to a vast extent in the coming years. However, market will be able to gain sustainable growth opportunities owing to the rise in e-commerce activities, which has enabled manufacturers to achieve cross-border sales and reach developing regions that face a scarcity of supply. Transparency Market Research states that the global fuel delivery systems market will exhibit a 3.4% CAGR from 2016 through 2024. As a result, the market, which had a valuation of US$4,330.7 mn in 2015, is expected to rise to US$5,969.1 mn by 2024.
Stop Valves to Continue to Remain Dominant Fuel Delivery System Components
Of the chief components of a typical fuel delivery system, including stop valves, gas regulators, flow and pressure safety switches, sensors, and thermocouples, the segment of stop valves dominates, accounting for a nearly 54% share in the global market in 2015. Although the segment is expected to lose prominence to components such as flow and pressure safety switches and sensors in the next few years, it will continue to dominate the global market, albeit with a lesser share by 2024.
The market for flow and pressure control systems will be driven by high demand across process industries, which utilize these systems for the efficient management of fuel delivery for a variety of industrial applications. In the past few years, the rising emphasis on automation of industrial operations and processes has played a vital role in the development of automated flow control systems.
Emerging Economies in Asia and Africa to Present Lucrative Growth Opportunities
Of the key regional markets for fuel delivery systems, the market in Asia Pacific is presently the most lucrative one. The region held a nearly 25% of the total global fuel delivery systems market in 2015. Presence of a large number of manufacturing units and suppliers and the availability of raw materials aid the fuel delivery systems market’s growth in the region. The market for fuel delivery systems in the region is also driven owing to the vast expansion of energy industries in emerging economies such as India and China. Technological advancements in fuel delivery systems and the rising preference for automated systems in process industries is likely to benefit the market for fuel delivery systems in Asia Pacific in the next few years.
Over the forecasting horizon, the market for fuel delivery systems in Middle East and Africa (MEA) is likely to present lucrative growth opportunities. The Middle East and Africa fuel delivery systems market is projected to exhibit a 4.7% CAGR from 2016 through 2024. The rapid expansion of the oil and gas and refining industries in the region will be the key factors presenting opportunities for manufacturers and suppliers of fuel delivery systems. Rising investment I n the energy sector in Africa will also generate lucrative growth opportunities for the fuel delivery systems market in the next few years.
Some of the key vendors in the market are Bellofram Group of Companies, Metso, Honeywell International Inc., JANSEN Combustion and Boiler Technologies, Watlow Electric Manufacturing Company, Cashco Inc., Cameron (Schlumberger Ltd.), ARi Industries Inc., and Flowserve Corporation, and Emerson Electric Co.
The fuel delivery systems market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the fuel delivery systems market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said period in terms of revenue (in US$ Mn) and volume (in thousand units), across the geographies including North America, Europe, Asia Pacific, and Middle East & Africa (MEA) and South America. North America comprises of the U.S., Canada, and Rest of North America. Europe region covers the U.K., Germany, France, Italy, Russia, and Rest of Europe. While the Asia Pacific is divided into China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific. MEA region is further divided to cover South Africa, The UAE, Saudi Arabia, and Rest of MEA. In order to understand the fuel delivery systems market in South America, the region is sub-segmented as Brazil, Argentina, and Rest of South America. The report provides cross country segmentation to analyze market size of segments across all the major countries in different regions.
Major trends have been provided for every geographic region in the report in order to give a thorough analysis of the overall state of the fuel delivery systems market, globally. Moreover, the report provides an overview of the various strategies of key players in the market.
The report segments the North America, Europe, Asia Pacific, MEA, and South America fuel delivery systems market on the basis of application into boilers, furnaces, and kilns and ovens. Depending on the fuel type, the market is categorized into oil, gas, and electricity. Considering different components of fuel delivery systems, the market is sub-segmented as stop valves, flow and pressure safety switches, gas regulator, and others. Furthermore, on the basis of end-use, the fuel delivery systems market is divided into oil and gas, power, mining, mineral and metal, chemicals, refining, printing and publishing, water, specialty engineering chemicals, pharmaceuticals, food and beverages, glass, ceramics, alternate fuel, automotive, building, and others. The report covers policies and standards pertaining to different regions across the world as laid by concerned authorities for different industries for the use of fuel delivery systems. Furthermore, the report analyses the supply demand scenario of the fuel delivery systems market. Moreover, considering different factors such as profit margin, raw material availability, presence of manufacturers and suppliers, and application, the report provides market attractiveness represented by different regions across the world.
The report also highlights the competitive landscape of the fuel delivery systems market, positioning all the major players according to their geographic presence, solutions/services offered, focus on research and development, and key recent developments. The comprehensive fuel delivery systems market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the fuel delivery systems market’s growth.
The major companies profiled in fuel delivery systems market study include Metso, Honeywell International, Inc., Bellofram Group of Companies, Cashco, Inc., Cameron (Schlumberger Ltd.), JANSEN Combustion and Boiler Technologies, Watlow Electric Manufacturing Company, Flowserve Corporation, Emerson Electric Co. (Emerson Process Management), Ari Industries, Inc., and ABB Ltd. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
The fuel delivery systems market is segmented as below:
Fuel Delivery Systems Market
- Stop Valves
- Flow and Pressure Safety Switches
- Gas Regulator
- Kilns and Ovens
By Fuel Type
- Oil and Gas
- Mining, Mineral and Metal
- Printing and Publishing
- Specialty Engineering Chemicals
- Food And Beverages
- Alternate Fuel
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of MEA
- South America
- Rest of South America