Automotive Fuel Injection System Market: Key Highlights
Automotive Fuel Injection System Market: Key Market Dynamics
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Automotive Fuel Injection System Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the high production and sales of automobiles. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2018 the vehicle production statistics in India, Malaysia and Thailand have shown positive growth of 8%, 12.2%, 9%, respectively. This region has witnessed high penetration of fuel injection systems due to high demand for fuel-efficient vehicles, growing purchasing power and strict emission regulations such as Bharat Stage Emission Standards (BSES), Clean Air Act and others are expected to boost the market growth.
In Europe, the increasing vehicle production, and stringent emission norms are expected to propel the demand for automotive fuel injection system market. According to the international council on clean transportation in Europe during 2006-2012 the average emission level of new cars reduced by 160 grams per kilometer (g/km) and by 2030 CO2 emission levels are expected to be lowering by 185 megatons (MT) per year. Due to such stringent regulation, there is extensive use of fuel injection system by automobile manufacturers which has boosted the market growth.
Automotive Fuel Injection System Market: Key Players Overview
Hitachi, Ltd. manufactures electronic equipment, industrial machinery and heavy electrical, and consumer electronics. The company also operates subsidiaries in cable, wire, metal and chemical industries. In Nov 2019, The company and Honda Motor Co., Ltd. have agreed to merge its subsidiary Hitachi Automotive Systems Ltd. with Nissin Kogyo Co. Ltd., Keihin Corp., and Showa Corp. companies. This will strengthen Hitachi's automotive arm and help the carmakers stay competitive in connected car sectors and autonomous driving.
Delphi Technologies provides automotive parts and equipment. The Company manufactures and designs powertrain technologies for original equipment manufacturers. In May 2019, the company launched a new 500+ bar GDi system which can help in the reduction of particulate emissions by up to 50 percent. This system can lower greenhouse gas emissions and improve urban air quality.
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