Description
The Fuel Transfer Pump Market was valued at $1.10 Billion in 2018 and is forecast to grow at a modest 5.3 % CAGR between 2018 and 2025, culminating in 2026 global sales of $6.9 Billion.
Industry at a Glance.
A fuel transfer pump is the part of a refueling system that moves fuel from one place to another; often from a storage tank to a vehicle, via a dispensing nozzle. It is used to transfer petrol, kerosene, gasoline, diesel, AdBlue, water, oil, etc. to cars, trucks, planes, agricultural machinery, construction equipment, and other engine-driven machines.
Rapid urbanization, rising industrialization, technological developments, and progress in infrastructure are the key factors investing the money to purchase fuel which can propel the high adoption of fuel transfer pumps in the oil and gas industry.
The share of Central and South America in the market has been around 6.2% in 2018 due to the strong presence of oil and gas reserves in Argentina, Venezuela, Columbia, and Brazil. Moreover, the high potential of tight oil and gas in the Vaca Muerta field of Argentina is expected to increase over the forecast period.
According to the U.S., United Rentals Inc completed its acquisition of BakerCorp International Holdings Inc for a total purchase price of around US$715 million. BakerCorp is a multinational provider of tank, pump, filtration, and trench shoring rental solutions for industrial and construction applications.
Pricing Analysis
“Optimal Price Point (OPP) for Global Fuel Transfer Pump”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP, and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Fuel Transfer Pump are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Fuel Transfer Pump Market by “Key Type”
We have segmented the Global Fuel Transfer Pump-based on Key Type as AC Fuel Transfer Pump, DC Fuel Transfer Pump, and Hand Fuel Transfer Pump.
We have observed the rapid growth of Fuel Transfer Pump followed by the AC Fuel Transfer Pump segment has the largest market share of 37.2% in 2018 and is expected to propel the market growth over the forecast period. These pumps can be installations by fixed or stationary, with tank and barrel mounting. Furthermore, they are used to transfer fuel in heavy equipment, heavy construction, fleet operation, and large farming applications.
We also noticed the DC Fuel Transfer Pump segment anticipated to drive the market with a CAGR of 4.8% from 2018 to 2026.
Global Fuel Transfer Pump Market by “Mounting Type”
We have segmented the Global Fuel Transfer Pump-based on Mounting Type as Fixed and Portable.
We have observed the rapid growth of Fuel Transfer Pump followed by the Fixed Fuel Transfer Pump segment has dominated the market and expected to witness a CAGR of 4.1% from 2018 to 2026. This segment playing a major role in the heavy equipment industry such as chemicals, construction, automotive, and agriculture sector. Also, it consists of a manual and automatic fuel dispensing nozzle with a low viscosity.
Global Fuel Transfer Pump Market by “Motor Type”
We have segmented the Global Fuel Transfer Pump-based on Motor Type as 12V DC, 24V DC, 115V AC, and 230V AC.
We have observed the rapid growth of Fuel Transfer Pump followed by a 12V DC segment with a CAGR of 5.2% and is expected to propel the market growth over the forecast period. This segment demanded in the construction and transportation segment for easy-to-use and easy-to-carry form place to place.
Global Fuel Transfer Pump Market by “Application Categories”
We have segmented the Global Fuel Transfer Pump-based on Application Categories as Transportation, Construction, Mining, Agriculture, Chemical, Food & Beverage, and Military.
We have observed the rapid growth of Fuel Transfer Pump followed by the Transportation segment has the largest market share of 42.1% in 2018 and is estimated to grow during the prediction period. Transfer goods and other commodities from one place to another by vehicles refueling in globally.
We also noticed the plastic Construction segment anticipated to drive the market with a CAGR of 5.8% from 2018 to 2026. Due to the availability of suitable equipment, technological advancements, and integrated construction projects.
Regional Segmentation
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Fuel Transfer Pump followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is anticipated to create a strong CAGR of 6.2% from 2018 to 2026 in the global market. Expansion of manufacturing investment and high rate automobile production in emerging countries like Japan, India, and China are expected to propel the region in the coming future.
The North America region led the market and accounted for the second-largest share, of 28.7% in terms of developing market and End-use industries, in the global market. Factors such as increasing investments in technology up-gradation, transportation, construction, chemical, food and beverage, and escalating demand for passenger cars and light commercial vehicles in this region.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Piusi S.p.A., Graco Inc., Malhar, Groz Engineering Tools (P) Ltd., Hippo, Shi Instruments Private Limited, Pricol Ltd, Liquidynamics Inc., GoatThroat Pumps, and Spatco.com. are few major players in Global Fuel Transfer Pump markets. The Global Fuel Transfer Pump market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Market Segmentation
Global Fuel Transfer Pump Market by Key Type (Revenue, Million, 2018 – 2026)
- AC Fuel Transfer Pump
- DC Fuel Transfer Pump
- Hand Fuel Transfer Pump
Global Fuel Transfer Pump Market by Mounting Categories (Revenue, Million, 2018 – 2026)
- Fixed
- Portable
Global Fuel Transfer Pump Market by Motor Type (Revenue, Million, 2018 – 2026)
- 12V DC
- 24V DC
- 115V AC
- 230V AC
Global Fuel Transfer Pump Market by Application Categories (Revenue, Million, 2018 – 2026)
- Transportation
- Construction
- Mining
- Agriculture
- Chemical
- Food & Beverage
- Military
Global Fuel Transfer Pump Market Regional Outlook (Revenue, USD Million, 2018-2026)
North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Columbia
- Middle East and Africa
- South Africa
- Saudi Arabia
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