Share, Trend, Outlook & Forecast 2022 - 2030
Fuel Transfer Pumps Market Report Highlights
The global fuel transfer pumps market size is anticipated to reach USD 2.51 billion by 2030, registering a CAGR of 4.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growing demand for high pressure fueling system for heavy machineries, such as trucks, construction equipment, and plant equipment is expected to drive the market growth for fuel transfer pumps over the forecast period.
Increasing industrialization, technological developments, rapid urbanization, and growth in infrastructure are the major factors contributing to the increased demand for fuel, resulting in high adoption of fuel transfer pumps in the oil & gas industry. Thus, the demand for this product is expected to grow stronger owing to the growing consumption of oil & gas
Fuel Transfer Pumps Market Growth & Trends
@: https://www.grandviewresearch.com/industry analysis/fuel transfer pump market
19 pandemic had a severe influence on the building & construction industry, which is subject to economic cycles. On the other side, construction has the potential to drive recovery by creating jobs and in turn, recovery measures can augment the transformation of the construction industry toward digitization and sustainability, thereby boosting market demand.
Fuel Transfer Pumps Market Analysis, Size, Growth,
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Mounting Outlook (Revenue, USD Million, 2017 - 2030) Fixed
Fuel Transfer Pumps Market Segmentation
DC fuel transfer pumps contributed to 49.6% of the global revenue share in 2021 owing to the rising awareness pertaining to the benefits offered by these pumps such as efficiency, dependability, compact size, and flexibility in terms of usage
Motor Type Outlook (Revenue, USD Million, 2017 2030)
DCFuelTransferPump
Type Outlook (Revenue, USD Million, 2017 2030)
ACFuelTransferPump
12VDC 24VDC 115VAC 230VAC Others
Application Outlook (Revenue, USD Million, 2017 - 2030)
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Transportation Construction Mining Agriculture
The demand for portable fuel transfer pumps is expected to witness growth at a CAGR of 5.0% from 2022 to 2030 on account of its increased adoption for fuel transfer at locations wherein the power supply is limited or inaccessible The product penetration in the transportation application contributed to 40.1% of the global revenue share in 2021 owing to the increased number of modes of transport such as marine, road, air, and rail transport
Portable
GrandViewResearchhassegmentedthe globalfueltransferpumpsmarketbasedon type,mounting,motortype,application,andregion:
HandFuelTransferPump
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GreatPlainsIndustries,Inc
Central
NorthAmerica U.S. Canada Mexico Europe Germany France UK Italy Pacific China Japan India Australia &SouthAmerica Brazil Argentina East&Africa SaudiArabia UAE
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Middle
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List of Key Players in Fuel Transfer Pumps Market
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Asia
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Regional Outlook (Revenue, USD Million, 2017 - 2030)
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Chemical Food&Beverage Military Others
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TuthillTransferSystems(TTS
GracoInc PiusiS.p.A INTRADIN YUANHENGMACHINECO.,LTD
MACHPOWERPOINTPUMPSINDIAPVT.LTD.
GESPASA TOTCOMERCIALS.A CreativeEngineers(MalharPumps)
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