(MENAFN- PR Newswire) DUBLIN, Nov. 30, 2023 /PRNewswire/ -- The
"Computational Fluid Dynamics (CFD) - Global Strategic Business Report" report has been added to
Global Computational Fluid Dynamics (CFD) Market to Reach $3.8 Billion by 2030
The global market for Computational Fluid Dynamics (CFD) estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.8 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.
The role of Computational Fluid Dynamics (CFD) in the study of oil-in-water emulsions and aerosol dispersion risk reduction is of paramount importance. CFD technology has evolved significantly and plays a crucial role in simulating and analyzing fluid flow and heat transfer in various applications.
CFD involves several phases, beginning with defining the problem, followed by the modeling and discretization of governing equations. Major CFD applications span a wide range of industries, including aerospace, automotive, environmental engineering, and more.
Cloud-Based, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the On-Premise segment is estimated at 6.7% CAGR for the next 8-year period.
In the global market, CFD is poised for growth, particularly in developing economies. The competition within the CFD space is intense, with major players and startups vying for market share. The competitive market presence ranges from strong to niche players, reflecting the diversity of strategies employed by companies operating in the CFD sector.
The U.S. Market is Estimated at $644.1 Million, While China is Forecast to Grow at 9.1% CAGR
The Computational Fluid Dynamics (CFD) market in the U.S. is estimated at US$644.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$439.6 Million by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.
Special discussions on the global economic climate and market sentiment Coverage on global competitiveness and key competitor percentage market shares Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and trademarked research platform Complimentary updates for one year Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
CFD: An Integral Part of Engineering Analysis & Design Myriad Benefits of CFD Provide Growth Opportunities Significant Role of CFD in Design and Development Processes Growing Role of CFD in Critical Aircraft Systems and Components to Fuel Adoption in Aerospace & Defense Industry Impact of COVID-19 Pandemic on Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020 Global Airlines Performance by Region: 2020 Vs 2019 Automotive Industry to Stimulate Demand for CFD Solutions World Automobile Production in Million Units: 2008-2022 Increasing Sales of EVs to Present Opportunities for CFD Market CFD Aims to Address Major Challenges in EVs Global EV Stock (in Thousand Units) for 2015, 2018 and 2021 Shift towards Cloud-based CFD Emerges as a Notable Trend Cloud-based CFD Offers Numerous Benefits for Bioreactors Introduction of Innovative Technologies Fuel Growth for Computational Fluid Dynamics Market Notable Trends in Computational Fluid Dynamics Space Rise in Cloud Services and Resultant Growth in Data Centers Fuels Demand for CFD for Thermal Modeling Purposes Global Data Center Infrastructure Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026 Accuracy of Data Center CFD Models: A Major Concern Outsourcing of Manufacturing Activities to Emerging Nations Spurs Demand for CFD Solutions Role of CFD in Optimizing Cleanroom Design for Pharma and Biopharma Industry Global Cleanroom Technologies Market Size (in US$ Billion) for Years 2021, 2023, 2025 and 2027 Promising & Emerging Clinical Applications of CFD Analysis in Ophthalmology CFD Modeling & Simulation for Hydrofracking Reactors and Crude Oil Pipelines CFD Solutions Find Use in All Aspects of Oil & Gas Industry Utility of Computational Fluid Dynamics Simulation Program Effect of Heat Capacity and Density on Pipe Distance CFD Analysis Helps Power Plants to Achieve High Efficiency Levels CFD to Revolutionize Water Industry GPU Acceleration Driving the CFD Revolution CAD-Embedded CFD: Offering Value to Customers CFD Simulation Use in Design & Control of Ventilation Systems Faces Difficulties Accuracy and Fidelity: Two Key Hurdles for CFDs of APP Flow Open Source CFD Software: A Major Threat to CFD Market
FOCUS ON SELECT PLAYERS
(Total 96 Featured)
Autodesk, Inc. Dassault Systemes SE (3DS) Cadence Design Systems, Inc. ANSYS, Inc. Hexagon AB Bentley Systems, Inc. ESI Group Backoffice Pro ESS Engineering Software Steyr COMSOL AB Cambridge Flow Solutions Bell Energy Services UK Limited CFD Research Corporation CG Thermal, LLC Analytical Methods, Inc.
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