The Business Research Company’s report on the Fuel Transfer Pumps Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the fuel transfer pumps market in recent years?
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 2023, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry in 2023 experienced notable growth, with total vehicle production reaching 93546599 units, a significant increase from the 85016728 units produced in 2022. Therefore, the expansion of the automotive industry is driving the growth of the fuel transfer pumps market.
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What is the projected market size of the fuel transfer pumps industry, and how is it expected to grow?
The fuel transfer pumps market size has grown strongly in recent years. It will grow from $1.87 billion in 2024 to $1.97 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. 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 $2.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. 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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Who are the key players driving competition in the fuel transfer pumps market?
Major companies operating in the fuel transfer pumps market 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, 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
What key trends are expected to drive the fruit and vegetable processing market during the forecast period?
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.
Which key geographies are driving the growth of the fuel transfer pumps market?
Asia-Pacific was the largest region in the fuel transfer pumps market in 2024. The regions covered in the fuel transfer pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the fuel transfer pumps market?
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
Subsegments:
1) By AC Fuel Transfer Pump: Submersible AC Fuel Pumps, Surface AC Fuel Pumps
2) By DC Fuel Transfer Pump: Electric DC Fuel Pumps, Battery-Powered DC Fuel Pumps
3) By Hand Fuel Transfer Pump: Manual Lever Pumps, Siphon Pumps
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How is the fuel transfer pumps market defined, and what are its core characteristics?
A fuel transfer pump simply moves fuel between tanks or from a container to a nozzle so it can be poured into a vehicle. They are widespread in industries like mining, agriculture, and construction where tools and vehicles are frequently used.
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