The Fluid Transfer System Market is projected to grow at a CAGR 5.18% rate from 2021 to 2026. The factor driving the demand are the increasing adoption rate of SCRs in diesel engines, increasing vehicle production, and stringent emission norms around the globe. SCR lines is expected to be the fastest growing segment during the forecast period. Passenger cars and LCVs diesel vehicles with engine capacity of over two litres are also getting equipped with SCRs as they emit more NOx than with smaller engine capacities.

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Asia Pacific is expected to account for the largest market size during the forecast period. The upcoming emission norms in Asia Pacific are the most significant driving force for the fluid transfer system market. In the Asia Pacific region, the European and American standards are followed, except in Japan, as it has its emission norms.

The prominent players in the Global Fluid Transfer System Market are Cooper Standard (US), Kongsberg (Switzerland), Contitech (Germany), Akwel (France), Hutchinson (France), Lander automotive (UK), Tristone (Germany), Castello Italia (Italy), Gates (US), and TI fluid systems (UK).

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