Published on : Sep 21, 2016
Recently, Zelienople Municipal Airport was in the news as the state government raised its funding to upgrade the fuel delivery system at this airport. This was done to meet the anticipated and ongoing economic development in Beaver and Butler counties.
This motivated many other governments to increase their funding for the development of fuel delivery systems at their respective national and international airports. Many other end-user industries such as oil and gas, power, chemicals, water, printing and publishing, and specialty engineering chemicals also are aiming to install fuel delivery systems. The application of fuel delivery systems is also expected to increase in other end-user industries such as ceramics, food and beverages, refining, mining, minerals, and metal, building, automotive, and others. All these factors are expected to propel the global fuel delivery system market.
The rising need to maintain workplace safety to propel fuel delivery system market
The need to maintain a high level of security and safety across industries handling dangerous substances including chemicals, oil and gas, and pulp and paper is increasing. This is predicted to propel the global demand for fuel delivery systems. Advancements in fuel delivery systems are predicted to enable effective management and control of the flow of fluids and gasses.
The global fuel delivery system market is in its innovation phase and is expected to grow at a considerable speed in the years to come. The growing usage of 3D simulation software for analyzing and testing the actual performance of pumps and valves is expected to minimize the necessity for designing various test rigs. This low-cost substitute for testing rigging is predicted to increase the level of adoption of fuel delivery systems across many regions.
What would affect the growth of the market?
Governments of many nations are imposing strict regulations on the use of fuel delivery systems, which is a factor expected to restrict the growth of the global market. Considering the negative implications of fuel delivery systems on the environment, its use is being restricted by governments of many nations.
However, going forward, by using various technological innovations, key companies are aiming to introduce new fuel delivery systems, which is expected to propel the global market.