AUTOMOTIVE EMISSION CONTROL MARKET REPORT OVERVIEW
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global automotive emission control market size was USD 42000 million in 2019 and market is projected to touch USD 68268.07 million by 2032 at CAGR 3.8% during the forecast period.
An automotive emission catalyst is a device that reduces harmful emissions from vehicles and industrial process exhaust gases. It consists of a catalyst that transforms harmful gases such as carbon monoxide, nitrogen oxides and hydrocarbons into less harmful substances such as water vapour, carbon dioxide and nitrogen. An emission catalyst plays a vital role in reducing air pollution and improving overall air quality.
Automotive Emission Regulation System The market is driven by strict emission regulations across the globe, which increases the demand for advanced emission control technologies. Growing environmental concerns and the need for cleaner air quality are the main growth factors. Technological advances such as Selective Catalytic Reduction (SCR) and Gasoline Particulate Filters (GPFs) are becoming increasingly important.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has had a major impact on people and lives around the world. Every company has to fight on both the health and financial fronts and is forced to do so resist this forced recession, including market growth and market trends. The global economic crisis is costing billions of dollars, so there is concern that the recovery period will last until the beginning of next year. The only way out of this cycle is to strategize your way through this pandemic disruption, and we believe that companies can benefit greatly from our market insights. The COVID-19 pandemic has had a major impact on the market and the automotive industry Fuel Vapor Control Systems Industry. With global passenger and commercial vehicle sales at an all-time low, demand for aftermarket systems was virtually non-existent. The aftermarket business for aftermarket systems has all but disappeared due to global restrictions and social distancing.
LATEST TRENDS
"Manufacturers' Awareness Of Reducing Vehicle Emissions By Installing Catalytic Converters Drive Market Growth "
ECCs are used in many automobile and industrial processing units to reduce emissions from internal combustion engines and industry. Developments in automotive engine technologies and catalysts such as two-way catalytic converters, three-way catalytic converters and SCR systems have taken into account the complexity of emissions. The catalyst is able to destroy about 98% of hydrocarbons, carbon monoxide and nitrogen oxides. produced by the vehicle's engine. Manufacturers are developing new and improved systems that require significantly less PGM, improving the overall performance of catalysts to meet required emissions standards.
Automotive Emission Control MARKET SEGMENTATION
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- By Type
Based on type the global market can be categorized into Oxygen Sensor, Egr Valve, Catalytic Converter, Air Pump, Pcv Valve, Charcoal Canister.
The EGR valve activates when the engine has started, reached the correct operating temperature and the vehicle speed increase.
An oxygen sensor, or probe or probe, is an electronic device that measures the proportion of oxygen in the gas or liquid being analyzed.
A catalytic converter is an emission control device that transforms toxic gases and pollutants in the exhaust gases of an internal combustion engine into less toxic pollutants.
The PCV valve controls how much vacuum can be drawn through the crankcase. It is attached to the intake port - when the vacuum is high at idle, the PCV valve shuts off most of the vacuum.
its carbon-filled canister and the task; is to absorb fuel vapors that would otherwise escape into the atmosphere and cause pollution. The vapors trapped by the carbon are released back into the engine through the exhaust valve and then burned.
- By Application
Based on application the global market can be categorized into Passenger Vehicle, Commercial Vehicle.
A passenger vehicle is a vehicle that carries many passengers; used in public transport.
A commercial vehicle is any vehicle used to transport goods or passengers for the benefit of an individual or business.
DRIVING FACTORS
"Growth In Production Of Cars will Boost The Market Growth"
Demand and production of cars is increasing in developing countries. For example, India became the fourth largest automotive industry in the world, with sales increasing by 9.5% year-on-year to 4.2 million cars. This increase in car production in developing countries automatically leads to an increase in the demand for emission control technology for emission control devices in car exhaust systems. Therefore, the growth in automobile manufacturing is expected to boost the automotive emission control market growth. Recognizing the urgent need to reduce greenhouse gas emissions and combat climate change, there has been a growing demand for innovative solutions that can effectively manage and minimize emissions in various sectors. Emission control technologies are crucial to achieving these goals, as they allow reducing the environmental impact of industry, transportation systems, and power generation facilities.
"Rules And Policies Of The Government To Brighten The Market Outlook Will Contribute To Market Growth "
As concerns about environmental sustainability and climate change control grow, governments around the world have introduced strict regulations to limit pollutant emissions and promote cleaner practices. These regulations create market demand for emission control technologies as industry, vehicles and power plants must take measures that reduce emissions and meet certain environmental standards. Governments set emission standards for various sectors, including industrial processes, power generation, transport and commercial buildings. These standards define maximum permissible levels of pollutants and oblige industries and businesses to use emission control techniques to achieve specified limits.
RESTRAINING FACTORS
"High Implementation Costs, Technological Complexity And Compatibility Impede Market Growth"
High implementation costs, technological complexity and compatibility, limited awareness and education are expected to hinder the market growth. Emission control technologies often require the integration of existing infrastructure, systems or equipment. Compatibility issues can arise when new emission control technologies are installed on old installations or vehicles. Technically complex issues, such as the need for customization or modification, can create challenges and increase implementation costs. Ensuring seamless integration and compatibility across industries and sectors can hinder market growth.
AUTOMOTIVE EMISSION CONTROL MARKET REGIONAL INSIGHTS
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"North America Dominating the Market due to Strict Emission Regulations And Technological Advancements"
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America and Middle East and Africa.
Geographically, North America dominates the automotive emission control market share primarily due to strict emission regulations, technological advancements, a strong automotive industry, and a focus on regional and environmental sustainability. North America has strict emission regulations to limit air pollution and greenhouse gases. These regulations required the use of advanced emission control technologies in many industries, including automotive, marine, aviation, and industrial. The US Environmental Protection Agency (EPA) and Canadian regulators have set emission standards that are driving demand for emission control technologies in the region.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The automotive emission control market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- AeriNox (U.S.)
- BASF (Germany)
- Clariant (Switzerland)
- Cormetech (U.S.)
- Corning (U.S.)
- DCL (Canada)
- Johnson Matthey (U.K.)
- Tenneco (U.S.)
- Umicore (Belgium)
INDUSTRIAL DEVELOPMENT
June 2023: Chart Industries, Inc. is a leading engineering and manufacturing company specializing in clean energy and industrial gas applications. announced its collaboration and contract agreement with Calgary-based cleantech startup Kathairos Solutions. This partnership aims to help Kathairos meet methane reduction targets set by the oil and gas industry. Over the next few years, Kathairos plans to deploy tens of thousands of its nitrogen systems in North America, and the partnership with Chart Industries ensures they have the ability to meet that goal.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 42000 Million in 2019 |
Market Size Value By |
US$ 68268.07 Million by 2032 |
Growth Rate |
CAGR of 3.8% from 2019 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the automotive emission control market expected to touch by 2032?
The global automotive emission control market is expected to reach USD 68268.07 million by 2032.
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What CAGR is the automotive emission control market expected to exhibit by 2032?
The automotive emission control market is expected to exhibit a CAGR of 3.8% by 2032.
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Which are the driving factors of the automotive emission control market?
Growth in production of cars, and Rules and policies of the government to brighten the market are some of the driving factors of the automotive emission control market.
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What are the key automotive emission control market segments?
The automotive emission control market segmentation that you should be aware of, which include, Based on type the automotive emission control market is classified as Oxygen Sensor, Egr Valve, Catalytic Converter, Air Pump, Pcv Valve, Charcoal Canister. Based on application the automotive emission control market is classified as Passenger Vehicle, Commercial Vehicle.