Fluid Transfer System Market Share, Statistics, Size, Share, Regional Analysis by Key Players

Fluid transfer systems also offer corrosion resistance, abrasion resistance, and weight reduction, which are some key factors driving adoption of these products, particularly in the oil industry, which uses fluid transfer systems to move oil from offshore drilling rigs into oil tankers and ships and to refineries for processing. Increasing focus on manufacturing more lightweight vehicles in the automotive industry continues to open up major growth opportunities for player operating in the fluid transfer system market going ahead. Lighter materials reduce overall weight of vehicles and result in better fuel efficiency. Increasing demand for more lighter materials such as aluminum, plastics, and high strength steel in manufacturing fuel transfer systems will continue to drive market growth due to ongoing trend of shift towards manufacture and sales of electric vehicles and need for more lightweight chassis and components to offer better pickup and speed.

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