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Fuel Transfer Pump Market

Fuel Transfer Pump Market Size by Type (AC Fuel Transfer Pump, DC Fuel Transfer Pump, and Hand Fuel Transfer Pump), By Motor Type (12V DC, 24V DC, 115V AC, 230V AC, and Others), By Application (Construction, Mining, Agriculture, Military, Transportation, Food & Beverage, and Others), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-13123
  • Published Date: Dec, 2022
  • Pages: 235
  • Category: Consumer Goods
  • Format: PDF
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The fuel transfer pump market was estimated at around USD 1.65 billion in 2021, growing at a CAGR of nearly 4% during 2022-2030. The market is projected to reach approximately USD 2.35 billion by 2030.

Fuel Transfer Pump Market: Overview

A fuel transfer pump is a machine that moves liquids, particularly fuel, from one location to another. It is used to transmit fuel to automobiles, trucks, planes, farm machinery, construction equipment, and other engine-driven devices, including gasoline, kerosene, diesel, AdBlue, water, and oil. Depending on the rate and power of the pump, a wide variety of fuel transfer pumps are offered. Fuel transfer pumps are used to efficiently transfer precise amounts of fuel, which is what is driving their demand in the automotive industry. The market is expanding due to rising demand for high-pressure fuel systems for heavy-duty vehicles. Increasing demand for fuel-efficient automobiles and the booming automotive industry are once more driving market expansion. Pumps for the controlled transfer of fuel are helpful. The applications of fuel transfer pumps have grown as a result of ongoing improvements in their manufacturing processes. Increasing oil and gas consumption around the globe is anticipated to benefit the sector during the forecast period.

Fuel Transfer Pump Market Size

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Fuel Transfer Pump Market: COVID – 19 Impact Analysis

The rigorous lockdown imposed during the pandemic's initial phase had a negative impact on the market's expansion. Every major industry, including transportation, construction, mining, and others, was adversely impacted or had limited functionality. However, the manufacturing sectors are concentrating on the product's supplies and demands, and the market will expand in the post-pandemic period.

Fuel Transfer Pump Market: Growth Drivers

Increasing demand from the automobile industry for fuel transfer pumps to accelerate the market’s growth

Due to rising end-user demand for fuel transfer pumps that can efficiently transfer the right amount of fuel, the market is expected to expand over the coming years. The market is also predicted to expand over the next few years as a result of the growth of the automotive industry brought on by technical developments and the increased demand for fuel-efficient vehicles. Construction is being pushed by the growing population expansion. As a result, it is projected that the expansion of the construction and building sector will boost the global market. Due to increased consumer disposable income and economic growth, the production of cars is set to increase in the next years, which is anticipated to drive the global market for gasoline transfer pumps.

Additionally, it is anticipated that a range of industries, including oil & gas, aerospace, automotive, construction, mining, agricultural, chemical manufacturing, food & beverage, water & wastewater treatment, and military, will drive the market for fuel transfer pumps in the near future. Rising demand for high-pressure fuel systems for heavy-duty vehicles is also boosting the market.

Increasing awareness of energy conservation

The main element fueling the market expansion for fuel transfer pumps during the anticipated period is the growing awareness of the need of energy conservation and pollution reduction. Due to their many uses, including eco-friendly construction methods and great efficiency, extremely energy-efficient fuel transfer pumps have been in high demand. Over the course of the anticipated year, the market is anticipated to increase as a result of elements like rising awareness and strict regional and international rules and regulations.

Fuel Transfer Pump Market: Segmentation Analysis

The fuel transfer pump market is segmented into the type, motor type, and application. According to predictions, the DC FTP sector would dominate the market during the projection period. The primary systems utilized by mobile vehicles, earthmoving machinery, and construction yards are these pumps. The benefits of these pumps, such as their compact size, durability, and adaptability in use, have increased their penetration. DC segments are ideal for portable applications like installing tanks and barrels. Additionally, the products make it easier and safer to transfer gasoline for non-AC power applications. Both standalone 12-volt transfer pumps and kits with diesel fuel nozzles and diesel lines are available for these. Power cables, handles, nozzles, and dispensing pipes are a few of the parts found in DC segments.

Regarding motor type, the 12V DC segment is anticipated to dominate the fuel transfer pump market during the forecast period. The 12V DC motor type is anticipated to grow because portable fuel transfer systems are becoming more and more necessary in the transportation and construction industries. Most 12V DC fuel transfer pumps are used for biodiesel, kerosene, and diesel fuel, which are light oils. The demand for the fuel transfer pumps is also anticipated to rise in the agricultural, light machinery, automobile industries, and food and beverage.

By application, the transportation segment is anticipated to dominant the fuel transfer pump market during the forecast period. A wide variety of transportation methods, including rail, road, air, and maritime transit, are included in the transportation sector. As the number of these means of transportation rises, so will the requirement for refueling, which will raise the demand for gas stations. It is anticipated that this will increase demand within the sector.

Report Scope

Attribute Description
Base Year 2021
Forecast period 2022-2030
Report Coverage Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Market Size(unit) USD Billion
CAGR (2022 to 2030) 4%
Segments Covered

By Type
By Motor Type
By Application

Key Insights:

  • Based on type segmentation, the DC FTP segment is estimated to hold the largest market share during the forecast period.
  • Based on motor type segmentation, the 12V DC segment is estimated to hold the largest market share during the forecast period.
  • Based on application segmentation, the transportation segment is the leading revenue-generating category during the forecast period.
  • On the basis of geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Development

  • April 2022: The Fill-Rite and Sotera ("Fill-Rite") assets, which are a division of the Tuthill Corporation, will be acquired by The Gorman-Rupp Company for $525 million, according to a formal agreement entered into by the premier designer, manufacturer, and international marketer of pumps and pump systems.
  • November 2017: With Wenzhou Huirun Electrical Machinery in China, Pricol Limited has entered into an exclusive arrangement for technical collaboration, the supply and production of fuel pumps and fuel pump modules in India.

Regional Landscape

Asia-Pacific is anticipated to continue to be one of the most enticing markets for the duration of the forecast period, and it accounts for the majority of market revenue. The market for gasoline transfer pumps is expanding in nations like China, Japan, and India due to elements including rapid economic development, higher corporate investment spending, and significant improvements in industrial productivity. Furthermore, it is anticipated that high rates of car manufacturing and sales will increase the need for refilling, leading to a development of the region's gas station industry.

List of the prominent players in the Global Fuel transfer pump market:

  • Piusi S.p.A.
  • Graco Inc.
  • MALHAR CORPORATION
  • Groz Engineering Tools (P) Ltd.
  • Tuthill Corporation.
  • GoatThroat Pumps - Westcott Distribution Inc
  • SPATCO.
  • Shi Instruments Private Limited.
  • INTRADIN
  • Pricol Limited

The global Fuel transfer pump market is segmented as follows:

By Type

  • AC Fuel Transfer Pump
  • DC Fuel Transfer Pump
  • Hand Fuel Transfer Pump

By Motor Type

  • 12V DC
  • 24V DC
  • 115V AC
  • 230V AC
  • Others

By Application

  • Construction
  • Mining
  • Agriculture
  • Military
  • Transportation
  • Food & Beverage
  • Others

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Motor Type
          4.3.3. Market Attractiveness Analysis By Application
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand from the automobile industry for fuel transfer pumps to accelerate the market’s growth
          5.2.2. Increasing awareness of energy conservation
    5.3. Restrains
          5.3.1. Rising awareness regarding the energy conservation would hamper the market
    5.4. Opportunities
          5.4.1. Rising technological advancements and developments

6. Global Fuel Transfer Pump Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. AC Fuel Transfer Pump
    6.3. DC Fuel Transfer Pump
    6.4. Hand Fuel Transfer Pump

7. Global Fuel Transfer Pump Market Analysis and Forecast, By Motor Type
    7.1. Segment Overview
    7.2. 12V DC
    7.3. 24V DC
    7.4. 115V AC
    7.5. 230V AC
    7.6. Others

8. Global Fuel Transfer Pump Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Construction
    8.3. Mining
    8.4. Agriculture
    8.5. Military
    8.6. Transportation
    8.7. Food & Beverage
    8.8. Others

9. Global Fuel Transfer Pump Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
          9.3.6. Rest of Europe
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
          9.4.4. Australia
          9.4.5. South Korea
          9.4.6. Rest of Asia-Pacific
    9.5. South America
          9.5.1. Brazil
          9.5.2. Argentina
          9.5.3. Rest of South America
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
          9.6.3. Saudi Arabia
          9.6.4. Rest of Middle East & Africa

10. Global Fuel Transfer Pump Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Fuel Transfer Pump Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Type Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Piusi S.p.A.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Application Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Graco Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Application Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. MALHAR CORPORATION
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Application Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Groz Engineering Tools (P) Ltd.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Application Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Tuthill Corporation.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Application Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. GoatThroat Pumps - Westcott Distribution Inc
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Application Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. SPATCO.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Application Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Shi Instruments Private Limited.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Application Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. INTRADIN
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Application Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Pricol Limited
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Application Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

2. Global AC Fuel Transfer Pump Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

3. Global DC Fuel Transfer Pump Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

4. Global Hand Fuel Transfer Pump Fuel Transfer Pump Market, By Region, 2022-2030(USD Million)

5. Global Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

6. Global 12V DC Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

7. Global 24V DC Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

8. Global 115V AC Fuel Transfer Pump Market, By Region, 2022-2030(USD Million)

9. Global 230V AC Fuel Transfer Pump Market, By Region, 2022-2030(USD Million)

10. Global Others Fuel Transfer Pump Market, By Region, 2022-2030(USD Million)

11. Global Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

12. Global Construction Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

13. Global Mining Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

14. Global Agriculture Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

15. Global Military Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

16. Global Transportation Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

17. Global Food & Beverage Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

18. Global Others Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

19. Global Fuel Transfer Pump Market, By Region, 2022-2030(USD Million) 

20. Global Fuel Transfer Pump Market, By North America, 2022-2030(USD Million) 

21. North America Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

22. North America Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

23. North America Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

24. U.S. Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

25. U.S. Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

26. U.S. Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)  

27. Canada Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

28. Canada Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

29. Canada Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

30. Mexico Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

31. Mexico Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

32. Mexico Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

33. Europe Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

34. Europe Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

35. Europe Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

36. Germany Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

37. Germany Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

38. Germany Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

39. France Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

40. France Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

41. France Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

42. U.K. Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

43. U.K. Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

44. U.K. Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)  

45. Italy Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

46. Italy Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

47. Italy Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

48. Spain Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

49. Spain Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

50. Spain Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

51. Rest of Europe Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

52. Rest of Europe Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

53. Rest of Europe Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

54. Asia Pacific Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

55. Asia Pacific Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

56. Asia Pacific Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

57. Japan Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

58. Japan Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

59. Japan Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

60. China Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

61. China Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

62. China Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

63. India Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

64. India Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

65. India Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

66. Australia Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

67. Australia Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

68. Australia Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

69. South Korea Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

70. South Korea Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

71. South Korea Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

72. Rest of Asia-Pacific Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

73. Rest of Asia-Pacific Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

74. Rest of Asia-Pacific Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

75. South America Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

76. South America Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

77. South America Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)  

78. Brazil Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

79. Brazil Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

80. Brazil Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

81. Argentina Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

82. Argentina Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

83. Argentina Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

84. Rest of South America Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

85. Rest of South America Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

86. Rest of South America Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)

87. Middle East and Africa Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

88. Middle East and Africa Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

89. Middle East and Africa Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

90. UAE Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

91. UAE Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

92. UAE Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

93. South Africa Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

94. South Africa Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

95. South Africa Fuel Transfer Pump Market, By Application, 2022-2030(USD Million) 

96. Saudi Arabia Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

97. Saudi Arabia Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

98. Saudi Arabia Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)

99. Rest of Middle East & Africa Fuel Transfer Pump Market, By Type, 2022-2030(USD Million) 

100. Rest of Middle East & Africa Fuel Transfer Pump Market, By Motor Type, 2022-2030(USD Million) 

101. Rest of Middle East & Africa Fuel Transfer Pump Market, By Application, 2022-2030(USD Million)

List of Figures 

1. Global Fuel Transfer Pump Market Segmentation

2. Fuel Transfer Pump Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Fuel Transfer Pump Market Attractiveness Analysis By Type

9. Global Fuel Transfer Pump Market Attractiveness Analysis By Motor Type

10. Global Fuel Transfer Pump Market Attractiveness Analysis By Application

11. Global Fuel Transfer Pump Market Attractiveness Analysis By Region

12. Global Fuel Transfer Pump Market: Dynamics

13. Global Fuel Transfer Pump Market Share By Type(2022 & 2030)

14. Global Fuel Transfer Pump Market Share By Motor Type(2022 & 2030)

15. Global Fuel Transfer Pump Market Share By Application(2022 & 2030)

16. Global Fuel Transfer Pump Market Share by Regions (2022 & 2030)

17. Global Fuel Transfer Pump Market Share by Company (2021)

By Type

  • AC Fuel Transfer Pump
  • DC Fuel Transfer Pump
  • Hand Fuel Transfer Pump

By Motor Type

  • 12V DC
  • 24V DC
  • 115V AC
  • 230V AC
  • Others

By Application

  • Construction
  • Mining
  • Agriculture
  • Military
  • Transportation
  • Food & Beverage
  • Others

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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