CFD Market for Industrial Equipment to Grow 11 Percent

By DE Editors

TechNavio's analysts forecast the global computational fluid dynamics (CFD) market in the industrial equipment industry to grow at a CAGR of 11 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in need for enhanced product development, according to the report. The industrial CFD market has also witnessed the emergence of mobile CFD applications. However, the emerging threat from the high cost of CFD solutions could pose a challenge to the growth of this market, TechNavio says.

TechNavio's report, the "Global Computational Fluid Dynamics Market in the Industrial Equipment Industry 2011-2015," covers the Americas, and the EMEA and APAC regions. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the main drivers in the market is the need for enhanced product development. Thus, companies in the industrial equipment industry are increasingly adopting CFD solutions to develop products with increased performance and operational capability. The cloud computing model is also expected to be more popular for CFD users because of the additional space for data storage, flexibility, and scalability.

For more information, visit TechNavio.