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Global Computational Fluid Dynamics (CFD) Market Report, 2022 and 2023-2030 - Myriad Benefits of CFD Provide Growth Opportunities, Fueling a Multi-Billion Industry

PR Newswire
5 min read

DUBLIN, Nov. 30, 2023 /PRNewswire/ -- The "Computational Fluid Dynamics (CFD) - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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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.

What`s New?

  • 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

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