Automotive Glow Plug Market to Witness Robust Expansion by 2023
Automotive glow plug is a part that assists during cold start. It creates ideal ignition conditions for the injected fuel to burn through electrically generated thermal energy that is brought into the combustion chamber. Glow plugs are used in diesel engines to help start the engine with low temperature, especially in the winter. Glow plugs can be divided into metal type and ceramic type based on the material. Now, some glow plugs can heat up to more than 1000℃ in seconds.
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Global Automotive Glow Plug Market: Forecast by Type / Application / Region
Europe is the largest market of glow plug. The diesel vehicles in Europe occupied more than 70% of the total amount of diesel vehicles in the global. And the weather in Europe is colder than other regions. So the demand of glow plug is largest.
In US, the total amount of vehicles is large, but the share of diesel vehicle is little. So the market of glow plug is smaller than in Europe. But the manufacturing technology is developed in US, so there are some major glow plug manufacturers like Borgwarner, Delphi and Federal-Mogul, all of which are the leading suppliers of glow plug in the world.
In China, there are many manufacturers of glow plugs. But both their capacity and technology have a large barrier with the international manufacturers like Borgwarner. Now, to meet the demand of domestic automotive industry, some foreign companies have built plants in China. To maintain the market share, Chinese glow plug manufacturers should spend more money and time on research and development.
Over the next five years, LPI(LP Information) projects that Automotive Glow Plug will register a 4.5% CAGR in terms of revenue, reach US$ 37 million by 2023, from US$ 30 million in 2017.
Global Automotive Glow Plug Market: Key Players
Ningbo Glow Plug
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United States Automotive Glow Plug Market Research Report 2018
Europe Automotive Glow Plug Market Research Report 2018
North America Automotive Glow Plug Market Research Report 2018
Asia-Pacific Automotive Glow Plug Market Research Report 2018
China Automotive Glow Plug Market Research Report 2018
EMEA Automotive Glow Plug Market Research Report 2018
Global Automotive Glow Plug Market Research Report 2018
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The global Automotive Glow Plug market was valued at 781 million US$ in 2017 and will reach 739 million US$ by the end of 2025, growing at a CAGR of -0.69% during 2017-2025. Europe is the largest market of glow plug. The diesel vehicles in Europe occupied more than 70% of the total amount of diesel vehicles in the global. And the weather in Europe is colder than other regions.
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