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Global 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.http://www.micromarketmonitor.com/market-report/fuel-injection-systems-reports-1674167741.html
(PRWEB) July 03, 2014
The global fuel injection system market is estimated to grow at a CAGR of 7.3% over the period of 2013 to 2018, due to the increased awareness about fuel efficiency and the need to meet the stringent carbon emission norms.
A fuel injection system does not only supply fuel for combustion process but also decides on how a particular system would be optimized. Modern fuel injection systems are responsible for injection timing, atomization, and injection quality. Fuel injection system is a break through which has helped the automotive industry to strike a balance between the carbon emissions, power, and exhaust emissions.
Browse through the market data tables, figures and detailed ToC on the Global Fuel Injection Systems Market.
Asia-Pacific Fuel Injection Systems Market
AsiaPacific is a home to many growing economies like China, India, Japan, Philippines, and South Korea. Where on one hand it has the largest vehicle manufacturer, which is China; on the other hand, it has Japan which is one of the leaders in technological developments. India with its growing GDP, cheap labor, and increased disposable income, also presents ample opportunities to vehicle manufacturers. Owing to the aforesaid reasons, the region is drawing attention of some of the biggest manufacturers in the automotive industry. This market is anticipated to be the leading markets for the fuel injection system, with vehicle production projected to increase at a promising rate over the next five year. The market for fuel injection system in Asia-Pacific is estimated to grow at a CAGR of 8.1%.
Europe Fuel Injection Systems Market
Europe with its stringent carbon emission norms and increased awareness about fuel efficiency presents various challenges before the manufacturers. The norms and government regulations of the region keep on changing, which gives room for various innovations and R&D for the vehicle manufacturers. The region is known for its research and development, and is home to some of the biggest names in the industry. The above-mentioned reasons will help the market to grow, and will present various new opportunities for the original equipment manufacturers (OEM). The market for fuel injection system in Europe is projected to grow at a CAGR of 8.4%, for the period under study.
North America Fuel Injection Systems Market
The North American region after its decline in the year 2008-2009, has shown positive signs of recovery from 2010. The region has always been significant in defining the state of the automotive industry, as it has more than one motor vehicle per person. This gives the manufacturers great opportunity to strengthen their position in the market. The improved fuel efficiency and power output, reliability, basic diagnostic capability, ability to accommodate some of the alternative fuels, and decreased exhaust emissions, are some of the factors that have primarily propelled the demand for fuel injection systems. The system, with all its advantages, is changing the buyer preferences. The fuel injection system market for North America is estimated to grow at a CAGR of 4.6%.
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