The fuel injection systems market has been forecast to increase at a compound annual growth rate (CAGR) of 7.5% over the next five years, rising from a valuation of $47.02 billion in 2012, to hit a market value of over $72.5 billion by 2018.
Fuel injection systems are a vital component in any automotive engine. With continuous developments occurring in gasoline and diesel injection technologies, various automobile manufacturers have succeeded in meeting stringent carbon emission norms and improving fuel economy of vehicles.
A typical fuel injection system is an assembly of number of components governed by electronic control unit (ECU) which regulates and monitors the quantity of fuel entering into engine cylinders depending upon engine requirements.
A fuel injection system does not only supply fuel for combustion process but also decides on how a particular system would be optimised. Modern fuel injection systems are responsible for injection timing, atomisation, and injection quality.
They also provide several additional functions which include rate shaping (or scheduling the injection of fuel), multiple injections, pilot injection, and post injection.
Throughout 2012, Asia-Pacific was the dominant region within the fuel injection systems market and looks likely to remain the top consumer till 2018. The European market was the second largest fuel injection system consumer in 2012, closely followed by North America in third position. The demand trend for fuel injection systems is expected to remain the same through 2018.
The developing countries in the Asia-Pacific region, such as China and India, represent the prominent markets for automobile sales. The rising disposable income levels of the individuals, growing population, and strong economic conditions support promising growth in automotive industry. This in turn leads to an increase in the need for fuel injection systems.
Major players currently dominating the fuel injection systems market are Bosch, Denso, Delphi and Continental AG.
For more information on the fuel injection systems market, see the latest research: Fuel Injection Systems Market
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