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Automotive Ignition System Market Value Is Expected To Rise To US$ 155 Mn By 2022 to 2031 : FactMR

01-24-2022 05:31 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

While stringent emission standards continue to be the stranglehold of the automotive ignition industry, research by Fact.MR reveals that the automotive ignition system market is expected to revolve around consistent product innovations targeted at introducing the most environment-friendly technology. The automotive ignition system sales have increased by almost 25% from 2012 to 2017 and expected to cross US$ 7 billion by 2022.

Recent EPA emission standards related to small spark-ignition engines and similar regulations across different nations continue to challenge the automotive ignition system market. However, as manufacturers thrive to align innovations to the evolving emission standards, regulations are streamlining the global ignition system production.

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Automotive Ignition System Market Evolves around Ever-Stringent Emission Standards

While emission standards continue to determine the development of the automotive industry, the automotive ignition system market remains at the front of the challenges. As emissions and fuel economy are collectively influenced by the engine combustion system design, spark-ignition engines have been covered in multiple regulatory frameworks across global regions.

Recently, EPA has adopted emission standards for small spark-ignition engines to control exhaust and evaporative emissions. As long as gasoline remains a preferred fuel type, stringent emission standards continue to be a determiner of the automotive ignition system market.

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Additional Questions Answered

Apart from the aforementioned insights of the automotive ignition system market, the report also discusses other interesting market avenues that hold a significant impact on the future performance of the automotive ignition system market.

To what intensity, the green technology trend will influence the growth of the automotive ignition system market?

Considering the divergent progress of the automotive industry across regions, which region is expected to expand rapidly in the automotive ignition system market?

How are nation-specific emission standards impacting the performance of the automotive ignition system market?

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About the Report

Fact.MR has compiled a report titled “Automotive Ignition System Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. With the focus on the key trends prevailing in the market, the automotive ignition system market elaborated on the key drivers, restraints and future opportunities in the market.

A thorough analysis on the historical data, current market scenario and future market performance forms the groundwork of the assessed market forecast in the automotive ignition system market report.

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