Automotive Fuel Injection Systems Market is anticipated to grow at a substantial CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Automotive Fuel Injection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Automotive Fuel Injection Systems market is estimated to be over US$ 70.14 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
The significant market growth can be attributed to benefits provided by fuel injection systems such as maintaining linear power at all speeds and maximum fuel efficiency & power production. Moreover, stringent government regulations for lower emissions are also driving market growth. In April 2019, EU directed heavy truck Original Equipment Manufacturers (OEMs) to provide a 15% reduction in average CO2 emissions per truck by 2025 and 30% reduction by 2030, keeping 2019 as a baseline. In line with the changing scenario, the Westport HPDI 2.0 system reduced tank-to-wheel CO2 emissions in heavy-duty commercial vehicles through the use of high-pressure natural gas.
Due to rising environmental concerns of car emissions, especially the rising carbon footprint, the automotive industry is focusing on diesel engines as the best way to achieve CO2 reduction goals. Improvements in diesel technology have been pivotal for the rise in diesel sales. Many modifications and techniques have been adopted to ensure fewer NOx and CO2 emissions. As the sales of diesel-based cars are rising, the use of fuel injection systems would also rise as fuel-injected engines have a combustion process that is significantly much more efficient. Therefore, with optimum power squeezed out, the fuel economy maximized and emission levels are minimized.
The high maintenance cost of fuel injection systems may restrain market growth. Fuel injection systems are complex electronic controlled devices that are connected to electronic sensors and Complex Engine Control Unit (ECU). Depending on the degree of complexity in injection systems and car models, the price of servicing may vary. The average service cost is approximately US$ 150 to US$ 200. It is not a suitable solution for low-cost & low-capacity vehicles.
Browse key industry insights spread across 190 pages with market data tables & figures & charts from the report, Automotive Fuel Injection Systems Market by Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), By Component (Fuel Injectors, Fuel Filters, Fuel Supply Pumps), By Fuel Type (Gasoline, Diesel), By Type (Port Fuel Injection, Direct Injection, Indirect Injection) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/automotive-fuel-injection-systems-market/137
Asia Pacific is estimated to account for the highest CAGR in the automotive fuel injection system market over the forecast period. Owing to the high adoption of petrol and diesel cars, in 2018, 61% of the total cars in India were petrol-based whereas the remaining had diesel combustion engines. As of now, the adoption rate of electric vehicles in India is low owing to infrastructural issues and the high cost of electric vehicles. Hence, India can turn out to be a lucrative market for fuel injection systems.
Some prominent players in the needles market include Continental AG, Delphi Technologies, DENSO CORPORATION, Robert Bosch GmbH, Infineon Technologies AG, Carter Fuel Systems, Hitachi Automotive Systems, Magneti Marelli S.p.A., TI Fluid Systems, and Woodward, Inc., among others.
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