Gasoline Direct Injection System Market: Key Insights, Historical Growth & Forecast Period 2024
The Gasoline Direct Injection System Market is set to grow from its current market value of more than USD 3 billion to over USD 10 billion. GDI systems entail four primary components which include, fuel injectors, electronic control units, sensors, and fuel pumps. The electronic control units have stood tall in the realm of GDI components during 2015 owing to the burgeoning product demand for regulated equipment control.
Fuel injector segment, as well, is forecast to stand firm in the component hierarchy, perhaps attributing to the component’s capability of maintaining air feul mixture and offering limited emission. Additionally, exquisitely designed injector nozzles have been claimed to provide high efficiency fuel spray in the engine and delivering superior fuel combustion as compared to other systems.
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High economic affluences across various regions has led to an appreciable growth in the sales of passenger vehicles globally. The US and China are stated to rule the passenger vehicles reign thereby driving Gasoline Direct Injection System Market. Meanwhile, commercial vehicle segment is projected to accrue noteworthy gains over the stipulated time period. This growth can be aptly credited to the proliferating logistics industry and expanding transportation activities.
Concurrently, elevating construction, recreational and mining operations over the globe have provided an impetus to the global GDI system industry. In addition to that, diminished vibration and improved reliability as well as contributed to the revenue upscale of the market.
The worldwide Gasoline Direct Injection system market is anticipated to witness a massive momentum in the coming years due to the robust deployment of novel technological innovations like integration of valve operation systems and drive systems. This integration is expected to offer optimal fuel efficiency metrices, for the price sensitive consumers. The GDI systems deliver improved driving performance along with introducing next-gen fuel saving technologies to combat the toxic carbon emissions.
Introduction of stringent government regulations for reducing the harmful vehicle emissions is further stimulating the Gasoline Direct Injection System Market growth. Various regulatory bodies such as the US Consumer Product Safety Commission, Environmental Protection Agency, and National Highway Traffic Safety Administration, have established several emission and fuel economy standards to suffice the reduction in GHG emissions leading to fostering the market size by 2024.
In terms of the regional outlook, APAC has been claimed to emerge as one of the most profitable growth avenues for the Gasoline Direct Injection System Market. Further, speculations have been upheld that the region is forecast to account a significant growth in the coming time, pertaining to the extensive establishment of new manufacturing plants.
Robust presence of various industry players in India, China, and Japan have further accelerated the growth graph of the regional market. In context of this, myriad OEMs are involved in regional market expansion by expanding their operational facilities. This is supported by the fact that Daimler AG in March 2019, launched a produce design center offering large scale modernization and improved working environment.
MEA on the other hand, held over a significant business share in GDI market during 2015 and is anticipated to register a CAGR of 10 per cent through 2024. This is attributed to the ever growing demand for the GDI systems from the transport segment.
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Some Point from Table of Contents:
Data Tables
TABLE 1 GDI system industry 3600 synopsis, 2012 - 2024
TABLE 2 Global Gasoline Direct Injection System Market, 2012 - 2024, (USD Billion)
TABLE 3 Global market estimates by region, 2012 - 2024 (USD Billion)
TABLE 4 Global market estimates by vehicle type, 2012 - 2024 (USD Billion)
TABLE 5 Global market estimates by application, 2012 - 2024 (USD Billion)
TABLE 6 Industry impact forces
TABLE 7 Company market share analysis, 2015
TABLE 8 Strategic landscape
TABLE 9 Global GDI system ECU demand, 2012-2024 (USD Billion)
TABLE 10 Global GDI system ECU demand by region, 2012-2024 (USD Billion)
TABLE 11 Global GDI system fuel injectors demand, 2012-2024 (USD Billion)
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