Market Research Reports Search Engine (MRRSE) has recently announced the addition of a detailed market research report examining the global market for fuel delivery systems to its extensive portfolio. The increased focus of the process industry sector on enhanced workplace safety is the key factor expected to drive the global fuel delivery systems market over the period between 2016 and 2024, observes the report. The report states that the market will exhibit a moderate yet positive 3.4% CAGR over the said period and rise to a valuation of US$5,969.1 mn by 2024 from US$4,330.7 mn in 2015.
The report is titled “Fuel Delivery System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The report examines every facet of the global fuel delivery system market with the help of an exhaustive segmentation based on criteria such as component, end-use industry, application, and geography.
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On the basis of components of a typical fuel delivery system, the market has been segmented into stop valves, gas regulators, and flow and pressure safety switches. Of these, the segment of stop valves dominated the market, accounting for over 54% of the global market in 2015. In the next few years, the segment is expected to lose promise owing to the increased demand for components such as sensors and flow and pressure safety switches.
Nevertheless, the segment will continue to hold a prominent position in the global market but will lose some of its present share in the global market over the report’s forecast period. The global demand for flow and pressure control systems is expected to rise across the globe owing to the increased demand across the process industries for efficiently managing fuel delivery for a variety of industry-level applications.
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In terms of geography, the global fuel delivery systems market is segmented into South America, North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the Asia Pacific market is the most lucrative regional market presently. The Asia Pacific market accounted for a nearly 25% of the global market in 2015. The region is expected to remain the primary target market for fuel deliver systems over the forecast period as well owing to the presence of a vast number of manufacturers, cheap and easy availability of raw materials, and a flourishing industrial sector.
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The report also presents a thorough analysis of the competitive landscape of the global fuel delivery systems market wherein detailed business profiles of some of the key companies in the market are discussed. Some of the key market vendors profiled in the report are Watlow Electric Manufacturing Company, Bellofram Group of Companies, Honeywell International Inc., ARi Industries Inc., JANSEN Combustion and Boiler Technologies, Cashco Inc., Emerson Electric Co., and Flowserve Corporation.
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