GDI System Market: Industry Trends, Regional Analysis & Forecast To 2024
The size of GDI system market was registered at USD 3.5 billion in the year 2015 and is anticipated to cross USD 10 billion by 2024. Between the period 2016-2024, the market is expected to register a CAGR of 12.3%.
The worldwide GDI 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.
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Introduction of stringent government regulations for reducing the harmful vehicle emissions is further stimulating the GDI 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 over the 2016-2024.
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. Reliable sources claim that the fuel injector segment will foster at a prodigious pace in the upcoming years in the GDI system market realm.
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 GDI systems 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 market. In addition to that, diminished vibration and improved reliability as well as contributed to the revenue upscale of the market.
In terms of the regional outlook, APAC has been claimed to emerge as one of the most profitable growth avenues for the GDI 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.
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Some Point from Table of Contents:
Chapter 4 Gasoline Direct Injection System Market, By Component
4.1 Global GDI system market share by component, 2015 & 2024
4.2 Electronic Control Units
4.2.1 Market estimates and forecast, 2012-2024
4.2.2 Market estimates and forecast, by region, 2012-2024
4.3 Fuel Injectors
4.3.1 Market estimates and forecast, 2012-2024
4.3.2 Market estimates and forecast, by region, 2012-2024
4.4 Sensors
4.3.1 Market estimates and forecast, 2012-2024
4.3.2 Market estimates and forecast, by region, 2012-2024
Chapter 5 Gasoline Direct Injection System Market, By Application
5.1 Global GDI system market share by application, 2015 & 2024
5.2 Passenger Car (PC)
5.2.1 Market estimates and forecast, 2012-2024
5.2.2 Market estimates and forecast, by region, 2012-2024
5.3 Commercial Vehicles (CV)
5.3.1 Market estimates and forecast, 2012-2024
5.3.2 Market estimates and forecast, by region, 2012-2024
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