European fuel injection system market will grow at a CAGR of 5.5% during the period of 2013 to 2018


Posted February 2, 2015 by MarvinGood610

European fuel injection system market projected to grow due to the increased awareness about fuel efficiency and the need to meet the stringent carbon emission norms

 
The European fuel injection system market will grow at a CAGR of 5.5% during the period of 2013 to 2018 and will generate revenue of $16.32 billion by 2018. After the economic downfall of 2009, the European region has recovered well and the automotive sector has contributed a large share to economic stability. The European automotive industry is a well-settled sector and highly competitive market with 40 companies offering their products in every automobile segments. Major OEMs in the region are focusing on the most cost-effective technologies capable of being deployed on mass produced models to significantly reduce the carbon footprint of their lineup. This is the driving factor of the fuel injection systems market of the region.

Browse through the market data tables, figures and detailed ToC on the “European Fuel Injection Systems Market”.

http://www.micromarketmonitor.com/market/europe-fuel-injection-systems-5740009401.html

The European automotive industry is a well-settled sector and highly competitive market with 40 companies offering their products in every automobile segments. Major OEMs in the region are focusing on the most cost-effective technologies capable of being deployed on mass produced models to significantly reduce the carbon footprint of their lineup. This is the driving factor of the fuel injection systems market of the region

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The European government has imposed stringent emission and fuel efficiency norms to control the increasing levels of greenhouse gases in the atmosphere. Fuel injection plays an important role in this and thus, the demand for high-technology fuel injection systems is increasing in the region. Fuel injection is the system responsible for admitting fuel into the combustion engine and also decides how a particular system will be optimized. Apart from these primary functions, it is also responsible for injection timing, atomization, and injection quality. The components that are vital in the proper functioning of this system include fuel injector, electronic control unit (ECU), fuel pressure regulator, fuel pump, and so on. The easy availability of low sulphur diesel in the region has fetched consumer attraction and diesel as automobile fuel is getting popular. Owing to this the demand of Diesel Direct Injection (DDI) is increasing and is anticipated to grow in the near future.

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The report is segmented on the basis of vehicle types (passenger, commercial, heavy trucks, buses and two wheelers), engine types (gasoline and diesel), technology (gasoline direct injection, port injection, and diesel direct injection); components (injectors, ECU, pressure regulators, high pressure pumps). Further, the report classifies and defines the demand for fuel injection systems in the region, covering a comprehensive review of all major market drivers, restraints, opportunities, challenges, and burning issues of the market.
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Issued By Mr. Chandrasekhar K.
Country United States
Categories Automotive
Last Updated February 2, 2015