Transparency Market Research (TMR) has observed that the competitive landscape in the global fuel delivery systems market is largely fragmented. The strong presence of several large manufacturers is expected to make the competition intense for the players in the global market. The cream of the crop companies in the global market are Metso, Cashco Inc., Honeywell International Inc., and Cameron. Companies are expected to focus on mergers and acquisitions in the near future to expand their geographical reach and improve their sales.
According to the research report, the global fuel delivery system market is estimated to reach a valuation of US$5,969.1 mn by the end of 2024 from US$4,330.7 mn in 2015. During the forecast period of 2016 and 2024, the global market for fuel delivery system is expected to surge at a CAGR of 3.4%.
Stop Valves Emerge as Key Component Segment in Global Market
The various types of components available in the global fuel delivery systems market are stop valves, gas regulator, flow and pressure safety switches, and others. Of these, the stop valves segment is projected to dominate the global market. This segment held a share of about 54% in the global market in 2015. From a geographic point of view, the Asia Pacific fuel delivery systems market is projected to lead the global market. The soaring industries and booming manufacturing activities in the region are expected to propel the regional market in the coming years. As of 2015, the Asia Pacific fuel delivery systems market held a share of 25% in the overall market.
Efforts to Save Energy Up Adoption of Fuel Delivery Systems
The global fuel delivery systems market has gaining traction due to as handling of hazardous materials such as pulp and paper, refining materials, chemicals, and oil and gas are is on a steady rise. The growing need to ensure safety in a work environment has triggered a significant demand for fuel delivery systems. These systems are deployed for efficient monitoring and controlling of flow of fluids and gases to units such as furnaces, industrial ovens, and boilers in process industries. Fuel delivery systems also play an instrumental role in management of fluids as per the set standards. These systems have become an important accessory to the growing efforts of industries to save on energy and power consumption.
The growing adoption of simulation software in various process industries is expected to drive the growth of the global fuel delivery systems market in the near future. This software is predominantly being used for analyzing and testing the efficiency of pumps and valves in various conditions, which reduces the need for developing multiple test prototypes and rigs. Thus, as the cheaper alternative for test rigging and prototyping gains higher penetration and adoption it is likely to create newer growth opportunities for the global fuel delivery systems market.
On the flip side, the global fuel delivery systems market is threatened by the plummeting investments in mining and exploration activities, which were reportedly down by 35% in 2015 in the U.S. alone. The stringent regulations pertaining to mining activities and the growing concerns about the environment are expected to have an adverse impact on the growth of the global market in the coming years.
This review is based on Transparency Market Research’s report, titled “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.”
For this study, the global fuel delivery systems market is segmented as follows:
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
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- The UAE
- Saudi Arabia
- Rest of MEA
- South America
- Rest of South America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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