Exhaust Emission Control Device Market Overview:
The new research report by Market Research
Future (MRFR) emphasizes that the global market is poised to secure a
significant market valuation at a moderate 6.17% CAGR over the assessment
period.
Exhaust
Emission Control Device Market Drivers and Restraints
The growing stringent emission standards
and rising concern over the environment safety from both the public and private
sectors. On the other hand, the rising demand for electric vehicles and the ban
announced by various developed and developing regions on internal combustion
engines (ICE) are impeding the market growth. The need for commercial vehicles is comprehensively
driven by growing industrialization and growing service sectors, which
contribute to the growth of this market. Rising demand for diverse factors such
as high-capacity catalytic converter and continuous improvement in technology is
accountable for the expansion of the automotive exhaust
emission control device market. Furthermore, technological
advancement, rising awareness from the key manufacturers in decreasing the
carbon footprints, and growing usages of emission control three-way catalyst
converter in automotive vehicles are set to drive the development of this
market during the study period. The increasing penetration of emission control devices such as a
three-way catalytic converter (TWC) and selective catalytic reduction (SCR) in
the commercial and passenger vehicles market is expected to drive the exhaust
emission control device market over the review period.
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Exhaust
Emission Control Device Market Segmentation
The global automotive exhaust emission
control device market is analyzed on the basis of device type, materials,
engine type, vehicle type, and sales channel.
Based on the device type, the market has
been segmented into Gasoline Particulate Filter (GPF), Lean NOx Trap (LNT),
Selective Catalytic Reduction (SCR), Diesel Particulate Filter (DPF), Diesel
Oxidation Catalyst (DOC), and Three-Way Catalytic Converter (TWC).
On the basis of materials, the automotive
exhaust emission control device market has been segmented into Palladium,
Rhodium, and Platinum.
On the basis of engine type, the
automotive exhaust emission control device market has been segmented into
diesel, gasoline, and hybrid.
Based on the vehicle type, the automotive
exhaust emission control device market has been bifurcated into passenger cars
and commercial vehicles.
On the basis of the sales channel, the
market has been bifurcated into OEM and aftermarket.
Exhaust
Emission Control Device Market Regional Overview
The geographical overview of the global
market has been conducted in four major regions, namely the Asia Pacific, North
America, Europe, and the rest of the world (including Latin America and the
Middle East and Africa).
Asia-Pacific is anticipated to lead the
market over the forecast period. This is due to the augmented urbanization and
growing purchase of consumers, increasing disposable income, and the existence
of robust automotive manufacturing facilities in China, South Korea, Japan, and
India has further fuelled the market for automotive exhaust emission control
devices in this region. Constant improvement in technology for weight reduction
of the automotive exhaust emission control device will further enhance the
Asia-Pacific market size.
In Europe, strict emission standards for
diesel and petrol vehicles such as Euro 1 to Euro 6 drive the growth for
the automotive exhaust emission control device market. In addition to this, the
presence of key manufacturers such as Continental Emitech Gmbh, Johnson Matthey,
and Albonair GmbH are anticipated to fuel the development of this market.
North America is estimated to hold the
second-highest market share in terms of value in 2017 and continue its
advancement during the forecast period. This progress is attributed due to the
high rate of deployment of these devices in countries such as the US and
Canada.
Exhaust
Emission Control Device Market Competitive Landscape
·
Denso Corporation (Japan)
·
Johnson Matthey (UK)
·
Continental Emitech Gmbh
(Germany)
·
Bosal (Belgium)
·
CDTi Advanced
(California)
·
Eberspächer (Germany)
·
Bosch Rexroth (Germany)
·
Tenneco Inc. (USA)
·
Albonair GmbH (Germany)
·
Faurecia (France)
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