Global Computational Fluid Dynamics (CFD) Market Report, 2022 and 2023-2030 - Myriad Benefits of CFD Provide Growth Opportunities, Fueling a Multi-Billion Industry
DUBLIN, Nov. 30, 2023 /PRNewswire/ -- The "Computational Fluid Dynamics (CFD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Computational Fluid Dynamics (CFD) Market to Reach $3.8 Billion by 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
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 96 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/6pj3ns
Research and Markets
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SOURCE Research and Markets