The role of the electrical Fuel Pump is to deliver fuel from the tank to the engine, under high pressure, depending on the vehicle application’s specific requirements. The fuel is transported to fuel injectors, which spray the fuel into the engine cylinders. Types of Fuel Pump include in-line and in-tank types. The in-tank type, located in the fuel tank, is currently the most widely used.
A fuel pump is a mechanical or electrical pump that draws fuel from a tank to provide the fuel supply for a carburetor or fuel injection system.
The consumption volume of Fuel Pump is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of fuel pump industry may not keep that fast. But it is surely forecasted that the market of fuel pump is still promising. Europe is the biggest provider for fuel pump equipment, but Asia-Pacific has the highest growth rate. Vendors recognize the importance of this region, particularly in India and China, and are working towards penetrating this market by strengthening their sales and distribution networks.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Over the next five years, Planet Market Reports projects that Fuel Pump will register a 3.2% CAGR in terms of revenue, reach US$ 6770 million by 2023, from US$ 5620 million in 2017.
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Fuel Pump market for 2018-2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Fuel Pump market by product type, application, key manufacturers and key regions.
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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Carter Fuel Systems
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Fuel Pump consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Fuel Pump market by identifying its various sub segments.
Focuses on the key global Fuel Pump manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fuel Pump with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Fuel Pump submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports
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