The global fuel delivery system market is moving towards overcapacity, a possible upcoming reason for wreaking the profit margins of small and large companies. It is also expected to hinder the growth of the existing human resources and boost the number of loss making participants in the long run. The supply of fuel delivery systems is expected to accelerate over the coming years owing to the presence of numerous suppliers and manufacturers in the global market. The incessantly rising heap of fuel delivery components and systems is expected to be aided by the growing focus of producers on the achievement of economies of scale through mass production. The unavoidable and supply gap is expected to lead to a situation that is likely to hamper the market growth extensively over the coming years. The market will however be benefitted by the growth of the e-commerce segment that has helped manufacturers to enhance product circulation to low supply developing regions and gain cross border sales.
Browse the full Global Fuel Delivery System Market Report:https://www.mrrse.com/fuel-delivery-system-market
The global market for fuel delivery system is likely to witness a CAGR of 3.4% between 2016 and 2024. The market is projected to rise to a valuation of US$5,969.1 mn by the end of 2024 from a valuation of US$4,330.7 mn in 2015.
Stop Valves to Emerge Dominant among Components of Fuel Delivery System
Among the key components of a traditional fuel delivery system such as thermocouples, sensors, pressure and flow safety switches, gas regulators, and stop valves. Among these, at present, stop valves is leading the market with a share of 54% in 2015. However, it is expected that the segment will prominence over the next couple of years owing to rising popularity of components such as pressure and flow safety switches and sensors. The market growth of pressure and flow control systems will be boosted by the rising demand for it across several process industries, which will utilize these systems for effective fuel delivery management across industrial applications. In the last couple of years, the growing stress on the automation of various industrial operations and process has acted positively in the development of advanced automated flow control equipment.
Africa and Asia to Provide Growth Prospects
Geographically, the global fuel delivery system market is likely to be dominated by Asia Pacific. It accounted for a share of 25% in 2015 and is likely to retain a lead over the coming years. The existence of numerous suppliers and manufacturing units along with abundance of raw materials is expected to drive the market growth in the near future. The market is also expected to be driven by the growth of the energy industries in the developing countries such as China and India. The markets in the Middle East and Africa is also expected to present growth prospects to companies. The market in this region will rise at a CAGR of 4.7% during the forecast period. The growth can be attributed to the rising investment of governments in the energy sector.
Browse the full Press Release of Global Fuel Delivery System Market at :https://www.mrrse.com/global-fuel-delivery-system-market
The leading companies in the market are Emerson Electric Co., Flowserve Corporation, Ari Industries Inc., Watlow Electric Manufacturing Company, and Honeywell International Inc.