Automotive Injector Nozzle Market Forecast By 2024
These systems utilize a regulated device which assists in delivering accurate quantity of fuel into each cylinder for combustion. In industrial diesel engines and high performance vehicles, this process is performed by combining an electrically functioned sequence valve with a regulated outlet to match timed injection with precise flow. Practically, all fuel injected engines use a fuel injection system with continuous flow.
The key driving factors for the automotive injector nozzle market is growing demand for vehicles with fuel efficiency and increasing need to conserve conventional fuel. Fuel injection increases the fuel efficiency of engines and provides advanced fuel distribution, thereby reducing the fuel requirement for the same power output.
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In addition, accurate and precise fuel metering decreases the concentration of harmful combustion byproducts, which in turn results in cleaner exhaust emissions. Considering all these factors, the market for automotive injector nozzles is anticipated to witness potential growth during the forecast period.
Currently, there has been an increasing adoption of cost-effective, environment friendly, and fuel-efficient vehicles among consumers worldwide. Moreover, owing to stringent emission norms imposed by various regulatory bodies, manufacturers are compelled to produce automobiles with lower carbon footprints. Different geographical drivers are also responsible for the growth of the market.
Factors such as increasing growth of the automotive sector in developing countries such as India, China, and Brazil is expected to create expansion opportunities for the automotive injector nozzle market in the future.
However, growth of the market is likely to be hampered to some extent, owing to rising demand for electric vehicles as an excellent substitute for conventional fuel engines. Injector nozzles are mostly used in fuel engines and thus growing demand for electric vehicles is likely to act as a major restraining factor.
The global automotive injector nozzle market can be broadly classified on the basis of technology, vehicle, fuel, and geography. By type of technology, the market has been segmented into gasoline direct injection, gasoline port fuel injection, and diesel direct injection.
On the basis of vehicle type, the market is classified into passenger cars, heavy commercial vehicles, and light commercial vehicles. In terms of type of fuel, the market has been further divided into gasoline and diesel.
The gasoline segment is likely to account for the largest share of the market, primarily due to increasing usage of gasoline-fueled vehicles worldwide. However, the diesel segment is expected to grow at the highest CAGR during the forecast period. The major reason is attributed to high thermal energy of diesel, which in turn results in better fuel efficiency compared to gasoline.
By geography, the market for automotive injector nozzles has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In the present scenario, the market is dominated by Asia Pacific in terms of revenue, followed by North America and Europe.
The major factor responsible for potential development of this market in Asia Pacific is immense growth of passenger cars with fuel efficiency. China held the dominant share of the market in this region, owing to increasing automotive production, government support, and cost advantages for manufacturers among others.
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The automotive injector nozzle market is also anticipated to grow at a stable rate in the Middle East & Africa, and Latin America owing to expanding automotive infrastructure in these regions.
Top players in this market are Delphi Automotive PLC (U.K.), Continental AG (Germany), Denso Corporation (Japan), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Magneti Marelli S.p.A (Italy), and Keihin Corporation (Japan) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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