The global fuel injection systems market is estimated to have reached a value of around $47.02 billion in 2012. Recent forecasts have estimated that by the year 2018 the industry will have reached over $72.5 billion, suggesting a CAGR growth rate of almost 7.5% between 2012 and 2018. The coming years will see the emergence of diesel fuel injection systems as the dominant sector of the global fuel injection systems market, as opposed to gasoline fuel injection systems.
In the year 2012, Asia-Pacific region was the leading market for fuel injection systems and would remain top consumer till 2018. The European market was the second largest fuel injection system consumer in 2012, whereas, North American market was at third position. The demand trend for fuel injection systems is expected to be similar till 2018.
The developing countries in 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. These conditions have attracted many global players such as Daimler AG, BMW, Toyota, Volkswagen, Ford Motors, General Motors, and others to venture into these markets with local production facilities. This has driven the demand for fuel injection systems in the region significantly.
Fuel injection system is 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 optimized. Modern fuel injection systems are responsible for injection timing, atomization, 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. The components such as fuel injectors, electronic control unit (ECU), fuel pressure regulators, fuel pumps etc. are vital in the proper functioning of a fuel injection system.
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