|By Business Wire||
|April 20, 2017 04:23 PM EDT|
According to the latest market study released by Technavio, the global automotive high-pressure fuel pump market is projected to grow to 41.1 million units by 2021, at a CAGR of nearly 9% over the forecast period.
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Technavio has published a new report on the global automotive high-pressure fuel pump market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global Automotive High-pressure Fuel Pump Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
An automotive high-pressure pump compresses the fuel supplied to it by the electric fuel pump to generate the required pressure. The quick shift towards gasoline direct injection (GDI) engines is creating a large demand for automotive high-pressure fuel pumps, thereby driving the growth of the global market.
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Based on the vehicle type, the report categorizes the global automotive high-pressure fuel pump market into the following segments:
- Passenger cars
- Large commercial vehicles (LCVs)
- Medium and heavy commercial vehicles (MHCVs)
“Passenger cars generated a majority 74% of the overall revenue for the global automotive high-pressure fuel pump market in 2016. The market dominance of the segment can be attributed to the integration of these pumps in GDI and CRDI engines,” says Praveen Kumar, a lead analyst at Technavio for powertrain research.
A high-pressure fluid pump is used in passenger car engines to generate enough pressure for the optimum mixture of air and fuel to kick-start the ignition in a short span of time. The major factors that drive the global automotive high-pressure fuel pump market are the adoption of stringent carbon emission norms, need to curb the greenhouse gas effect and increased demand for fuel-efficient cars.
Large commercial vehicles (LCVs)
The flexibility and wide range of applications of large commercial vehicles are responsible for their increasing adoption in the market. These vehicles are used for business purposes such as a mobile canteen and intercity transportation. LCVs provides last-mile connectivity over a limited region for the distribution of goods, especially during conditions of stop-and-go traffic, light construction, and municipal applications. The rising popularity of LCVs among various end users is directly impacting the increased adoption of automotive high-pressure fuel pumps.
Medium and heavy commercial vehicles (MHCVs)
Medium and heavy commercial vehicles are equipped with common rail direct injection (CRDI) engines. In the CRDI system, the fuel needs to be distributed to the injectors from a high-pressure accumulator known as the rail, which is carried out via high-pressure fuel pumps.
“CRDI engines in freight vehicles provide a high degree of flexibility in controlling the injection rate and injection timing, which is leading to their increasing adoption. The rising popularity of freight companies will positively impact the growth of the high-pressure fuel pump market,” says Praveen.
The top vendors highlighted by Technavio’s research analysts in this report are:
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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