Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fluid transfer system is a process which includes the normal, protective, and safety control subsystems. The normal control subsystem controls the facility manufacturing and processing operations. The protective control subsystem provides protection for equipment and personnel. As there is a high emphasis on improving fuel efficiency in the transportation sector, all car manufacturers, suppliers, assemblers, and component producers are investing significantly in lightweight materials. The safety control subsystem is designed to ensure that safety limits will not be exceeded and that undesired operational conditions or events will not occur or will be properly mitigated
The key factor driving the growth of market is increasing vehicle production will accelerate the market growth as electric vehicle include zero tailpipe emissions and therefore less local air pollution and, depending on the power generation, lower CO2 emissions. As these electric vehicles can recharged on a regular basis. Besides, growing adoption of SCRs in diesel engines will also contribute as a factor for the market growth. Also, increased ability of the metal to be recycled and reused acts as a market driver. Moreover, strict government rules and regulations is another factor boosting the growth of this market during the forecast period.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the fluid transfer system market. In addition, complete analysis of changes on the fluid transfer system market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the fluid transfer system market was moderate as pandemic and shutdown majority of production has hampered the growth of fluid transfer system negatively.
The fluid transfer system market is segmented based on by type, by material, by vehicle type, by battery cooling application and by geography.
The fluid transfer system is present in market according to different types like ac lines, air suspension lines, brake lines, dpf lines, fuel lines, scr lines, transmission oil cooling lines, turbo coolant lines. Turbo coolant lines has major used as intercoolers which has made turbocharged vehicles far more reliable and in heavy duty diesel trucks and is a very important component. Inter Cooling of inlet air is very much essential according to performance point of view. Turbo intercoolers is used for cooling the inlet air of an IC engine from turbo chargers. Moreover cooling of air makes it denser and contributes for better combustion and more power they are mounted close to the radiators for achieving lower air temperature.
Fluid transfer system is available in different material types including nylon, stainless steel, aluminum, steel, rubber. Stainless steel is used for its benefits of corrosion resistance, high-temperature oxidation, durability, and hardness. The potential application of these materials in different parts of a vehicle is recognized. Also, strength steel accounts for the largest percentage of total tons of lightweight materials consumed. The material properties of steel with its wide range of yield strength combined with high modulus together with ease of manufacture and low cost, has steel intensive vehicles have by far the largest share of the market.
Based on vehicle type the fluid transfer system is used in passenger car, light commercial vehicle, truck, and bus. Light commercial vehicle segment is expected to grow at a significant rate owing to reduce air pollution, could become providers of innovative additional services by an improved interaction between vehicles, communication systems. As, these commercial vehicles are used in urban delivery services, urban logistic, people transport and other applications that require that the vehicle works all day long which further fuel the growth of segment in global fluid transfer system market
The fluid transfer system market have battery cooling application in bev, phev, mild hybrid. Battery electric vehicles (BEV) is the anticipated to be the leading application in global fluid transfer system market due to air suspension lines, AC lines, brake lines, and battery cooling lines. The growing sale of bev is expected to significantly drive the market. The electric vehicle has become an option for the reduction of greenhouse gas emissions, mainly due to electric batteries. Thus, new trends related to electric vehicles gained proportion is expected to boost the fluid transfer system market. Moreover, implementation of government subsidies to support sales is fueling the growth of Battery electric vehicles (BEV)
Geographically the global fluid transfer system market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is anticipated to be leading market owing to adopt technologies and implementation of stringent emission standards. Besides increasing applications and production in automotive industries is fueling the growth of global fluid transfer system market. Moreover, growing sales of premium vehicles and adoption of TGDI technology have propel the growth in region. Growing market of the region is due to presence of countries China, Japan, India, and South Korea which are actively involved in fluid transfer system market. Whereas North America is projected to hold significant market share in global fluid transfer system market owing to incorporating technological advancements and growing enterprises in research and development is boosting the growth of fluid transfer system market in the region.
The key players in fluid transfer system market are Akwel, Castello Italia SpA, ContiTech AG, Cooper Standard, Gates Corporation, Hutchinson SA, Kongsberg Automotive, Lander Automotive LTD, TI Fluid Systems and Tristone Flowtech Holding SAS among others.
September 2019: Valvoline had announced product line to serve electric vehicles. Valvoline's new product line will works to solve common EV issues surrounding battery temperature variations, powertrain performance and both brake system corrosion and seal bearing failure.
August 2019: MPSI had launched their new range of aluminum tankers. The new tanker is equipped with Emco Wheaton’s proven Bottom Loading & Vapor Recovery (BLVR) system. Emco Wheaton’s BLVR system provides safer, faster and cleaner loading and unloading working to reduce operating and repair costs.
May 2019: SHELL had launched e-fluids to optimize electric vehicle performance. These e-transmission fluids, e-thermal fluids and e-greases will make battery evs perform better and be more efficient. This is part of Shell’s drive to support electric mobility and offer more and cleaner energy solutions for our customers.
The report analyses the global fluid transfer system market based on by type, by material, by vehicle type, by battery cooling application and by geography. The fluid transfer system is present in market according to different types like ac lines, air suspension lines, brake lines, dpf lines, fuel lines, scr lines, transmission oil cooling lines, turbo coolant lines. Fluid transfer system is available in different material types including nylon, stainless steel, aluminum, steel, rubber. Based on vehicle type the fluid transfer system is used in passenger car, light commercial vehicle, truck, and bus. The fluid transfer system market have battery cooling application in bev, phev, mild hybrid. Geographically the global fluid transfer system market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key players in fluid transfer system market are Akwel, Castello Italia SpA, ContiTech AG, Cooper Standard, Gates Corporation, Hutchinson SA, Kongsberg Automotive, Lander Automotive LTD, TI Fluid Systems and Tristone Flowtech Holding SAS among others.
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