Injector Nozzle Market

[67 Pages Report] The overall injector nozzle market is expected to grow from USD 3.95 billion in 2015 to USD 5.33 billion by 2020, at a CAGR of 6.2% from 2015 to 2020. Technologies such as port fuel injection system and direct injection system have helped the automobile industry deal with varied key issues related to maintaining balance between fuel economy, power, and exhaust emission. A fuel injection system offers faster throttle response, better fuel flow, precise control of the air-fuel mixture, and equal distribution of fuel. These parameters help vehicles attain a higher fuel economy at an optimum power, lower exhaust emissions, smoother acceleration, and increased operational reliability. Hence, Injector nozzle pumps the right proportion of fuel and air that is necessary for the engine to continue running at maximum efficiency. Also, government authorities as well as private organizations have started demanding products that are fuel-efficient, reliable, eco-friendly, possess low maintenance costs, and also have the ability to accommodate alternative fuels. The base year considered for the study is 2014, and the forecast has been provided for the period between 2015 and 2020.

Market Dynamics

Drivers

• Necessity for Fuel-Efficient Vehicles
• Stringent Emission Regulations
• Growth in Passenger Vehicle Market

Restraints

• Increasing Popularity of Electric Vehicles

Opportunities

• Growing automobile production in developing economies

Challenges

• Fluctuating fuel prices and trade wars are the challenges for the market

Necessity for fuel efficient vehicles in automotive industry drives the global injector nozzle market

Over the past few years, the awareness for conservation of conventional fuels is increasing in urban societies. In recent years, many automobile companies are primarily focused on manufacturing advanced fuel injection systems that would help consumers save money on fuel usage. The main emphasis is to design highly fuel-efficient automobile engines that stabilize emission. Injector nozzles help automobile engines maintain the right proportion of fuel and air, being injected into the combustor, thereby preventing overheating of the engine. In India, from April 2017, cars and utility vehicles are expected to deliver 18.2 km/liter, which is a 15% increase over the existing average mileage. To fulfil this requirement, automobile manufacturers are ensuring the average fuel efficiency of all models manufactured to be at least 18.2 km/liter. Moreover, the new regulations imposed by the Organization of the Petroleum Exporting Countries (OPEC) have restricted the extraction and export of crude oil, in turn, creating a demand for fuel-efficient vehicles. Therefore, the necessity for fuel-efficient vehicles has further propelled the growth of the injector nozzle market.

The following are the major objectives of the study.

• To define, describe, and forecast the injector nozzle market on the basis of vehicle type, technology, fuel type, and geography
• To provide detailed information of major factors influencing the growth of this market
• To analyze each submarket with respect to individual growth trends
• To analyze various opportunities in the global injector nozzle market for stakeholders
• To forecast the market size of the global injector nozzle market with respect to varied regions, namely, North America, Europe, Asia-Pacific, and rest of the world
• To profile key players and comprehensively analyze their core competencies and market shares
• To track and analyze competitive developments, such as partnerships & collaborations, mergers & acquisitions, and contracts in the global injector nozzle market

During this research study, major players operating in the injector nozzle market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study

To know about the assumptions considered for the study, download the pdf brochure

The injector nozzle market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Key players considered in the analysis of the injector nozzle market are Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Keihin Corporation (Japan), and Magneti Marelli S.p.A. (Italy).

Major Market Developments

• Magneti Marelli formed a joint venture with Hero MotoCorp Ltd. (India) to establish a new manufacturing unit in Manesar, India. This plant is responsible for the manufacture and development of technologies for powertrain and fuel injection systems for the two-wheeler market.
• In January 2015, Denso Corporation is undergoing expansion of its facility in Athens, Tennessee, the US, to manufacture gasoline direct injection products. The production is anticipated to start in the first quarter of 2016. This expansion strategy is expected to support the growing demand of gasoline direct injection technology in the US

Target Audience

• Original equipment manufacturers (OEMs)
• Injector Nozzle manufacturers
• Research organizations and consulting companies
• Subcomponent manufacturers
• Technology providers
• Research institutes and organizations

Report Scope

By Fuel Type

• Gasoline
• Diesel

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Technology:

• Gasoline Port Fuel Injection
• Gasoline Direct Injection
• Diesel Direct Injection

By Geography

• Europe
• North America
• Asia-Oceania
• RoW

Critical questions which the report answers

• What are new technology areas for injector nozzle market for more efficiency of vehicle?
• Which are the key players in the market and how intense is the competition?

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

Product Analysis

• Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

• Further breakdown of the North America Market
• Further breakdown of the Europe Market
• Further breakdown of the Asia-Oceania Market
• Further breakdown of the Middle East & Africa Market
• Further breakdown of the RoW Market

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)

The overall injector nozzle is expected to grow from USD 3.95 billion in 2015 to USD 5.33 billion by 2020 at a CAGR of 6.2%. Increasing need to conserve conventional fuel, rising demand of fuel-efficient vehicles, and significant growth in the passenger cars segment are factors driving the growth of the market. In the emerging economies, gasoline prices are higher than diesel, owing to which the demand for diesel engines is projected to increase in the future. However, advancements in gasoline engine (gasoline direct injection) have increased its fuel-efficiency, thereby making them compatible with diesel engines.

Future emission legislations will require substantial reduction of smoke emissions from engines, such as carbon monoxide (CO), sulfur dioxide (SO2), and mono-nitrogen oxides (mainly NO and NO2 ), among others. Therefore, government authorities as well as private organizations have started demanding products that are fuel-efficient, reliable, eco-friendly, possess low maintenance costs, and also have the ability to accommodate alternative fuels. Several emerging economies are focused on implementing stringent emission norms to reduce air pollution. For instance, the European Union has implemented Euro 6 for gasoline passenger cars, and this is further expected to become a mandate for all regions worldwide.

The injector nozzle market has been segmented, on the basis of fuel type, into gasoline, and diesel. The market for diesel is expected to grow at the highest CAGR between 2015 and 2020. As diesel engines have high thermal energy, they offer better fuel efficiency in comparison to gasoline. Diesel contains about 15% more energy (approximately 36.9 MJ/liter as compared to 33.7 MJ/liter in gasoline) than gasoline. Even though diesel engines are heavier, the overall efficiency of a diesel engine is roughly 20% greater than that of a petrol engine owing to the aforementioned reasons. Improvements in the diesel engine technology have managed to decrease engine noise, as well as exhaust emissions with improved fuel efficiency. This has led to consumers preferring vehicles with diesel engines and manufacturers focusing on the production of diesel engines.

The injector nozzle in North America is expected to grow at the highest CAGR during the forecast period. The automotive industry in the North American region is anticipated to grow in the next five years, which is expected to further fuel the growth of the injector nozzle market. Increase in the global demand for automobiles in the next five years is estimated to drive the automotive industry, which, in turn, has propelled the overall growth of injector nozzle market in this country.

Injector nozzle technology in gasoline direct injection drive the growth of the market

Gasoline Port Fuel Injection

In a single point (or throttle body) injection system, one out of two injectors thrusts fuel into the intake manifold. However, in a gasoline port (multi-point) fuel injection system, each cylinder is provided with a separate fuel injector, which sprays fuel into the intake port. Single point fuel injection system is low-cost, and acts as a connecting channel between carburetors and port fuel injection systems. However, owing to the varied advantages of gasoline port fuel injection systems, it is widely preferred in comparison to the single point fuel injection systems.

Gasoline Direct Injection

Gasoline direct injection (GDI) is an advanced version of port fuel injection system. The point at which fuel is added to the intake port has further moved closer to the combustion chamber. In this injection system, fuel is injected directly into the combustion chamber for each cylinder instead of the intake port. Better dispersion and homogeneity of fuel improve the compression ratios of engine resulting in enhanced power output with increased fuel efficiency. Precise management of gasoline allows complete combustion of the fuel, leading to improved emission control.

Diesel Direct Injection

Diesel engine is a compression ignition (CI) engine that uses heat (generated from compression) to burn the fuel injected into the combustion chamber. Owing to the high compression ratio of the diesel engine, it possesses the highest thermal efficiency. All the aforesaid reasons have further contributed to increasing the fuel efficiency of diesel engine in comparison to gasoline engine. There are various types of injection systems used in the diesel engine, such as indirect injection, unit direction injection, and direct diesel injection. In indirect injection system, the diesel engine sprays the diesel into the ante-chamber to start the combustion, and later sprays it into the main combustion chamber. This kind of injection system is still observed in some all-terrain vehicles (ATVs). However, the most popular injection system in the diesel engine is the direct injection system.

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry technologies for injector nozzles?

The increasing popularity of electric vehicles is a major factor restraining the growth of the market. The concept of electric vehicles is gaining momentum, and becomes the best alternative for conventional fuel vehicles, especially in cities. Electric vehicles do not emit harmful gases and the cost of maintenance of these vehicles is comparatively lesser than conventional automobiles. In terms of volume, the electric vehicles segment account for a share of 0.4% of the global passenger car market, and this number is projected to reach 2% by 2020. The demand for electric vehicles is increasing mainly in the European passenger car market, followed by North America. Hence, increase in demand for electric vehicles can serve to be a major restraint for the injector nozzle market, as these nozzles are basically used only in conventional fuel engines.

Key players in the market include Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Keihin Corporation (Japan), and Magneti Marelli S.p.A. (Italy). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

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