Gasoline Direct Injection Market Will Generate Booming Growth Opportunities
The global gasoline direct injection market is projected to attain a valuation of US$ 10.6 billion in 2023 and is expected to accumulate US$ 25.79 billion by 2033, rising at a CAGR of 9.2% during the forecast period.
Global efforts to address deteriorating ambient air quality have led to the adoption and enforcement of stricter vehicular emission regulations worldwide. These measures aim to reduce tailpipe emissions of unburned hydrocarbons, nitrogen oxides (NOx), and particulate matter (PM). Regions with advanced technologies have prioritized limiting pollutant levels to minimize carbon emissions into the atmosphere.
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The global gasoline direct injection system market is experiencing significant growth driven by increased demand for fuel efficiency, improved thermal efficiency, enhanced engine performance, stringent emissions regulations, and a growing preference for engine downsizing and vehicle weight reduction.
Manufacturers prioritize engine downsizing to enhance fuel efficiency and engine performance. For instance, Hyundai introduced the downsized engine "SmartStream 3.5 FR T-GDI" in 2021, replacing its 5.0-liter V8 engine. This growing trend of engine downsizing is expected to drive the demand for gasoline direct injection (GDI) systems in the future. Therefore, the market for GDI systems is propelled by the increasing inclination toward engine downsizing and vehicle weight reduction.
Stringent regulations have been enforced to curb harmful emissions from automobiles, compelling automakers to reduce their environmental impact. Consequently, automobile manufacturers are increasingly focusing on producing vehicles with high fuel efficiency and improved engine performance. As a result, gasoline direct injection engines are being adopted as the next-generation platform, leading to a surge in demand for these systems. This market growth is primarily driven by the increasing demand for fuel and thermal efficiency, as well as enhanced engine performance.
Key Takeaways
United States gasoline direct injection market is expected to grow with a CAGR of 9.1% during the forecast period.
The market in Germany is expected to grow with a CAGR of 9.6% during the forecast period.
By sales channel, the OEM segment is projected to grow with an impressive CAGR of 12.9% during the forecast period.
The market in China is expected to grow with a significant CAGR of 9.8% throughout the forecast period.
“Increasing efforts by the manufacturers to downsize engines and strict regulations by the governments to reduce harmful emission is expected to bode well for market growth,” comments an FMI Analyst.
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Competitive Landscape
The market for gasoline direct injection is highly competitive, with numerous prominent industry players making substantial investments in their production.
The key industry players are TI Automotive (Heidelberg), STMicroelectronics, Stanadyne Holdings, Keihin, Infineon Technologies, GP Performance, Eaton, Denso, Bosch, Renesas Electronics, Magneti Marelli, Delphi Automotive, Continental AG.
Some recent developments in the market are:
In December 2021, fuel systems producer Stanadyne introduced a high-pressure gasoline direct injection (GDI) fuel injector with a 1,000-bar pressure. The injector underwent successful performance testing at Stanadyne's Gasoline Engineering Center of Excellence in Jacksonville, NC.
In October 2022, Magneti Marelli unveiled its latest advanced technologies at the international supplier’s fair (IZB) held in Germany.
In 2021, Marelli Automotive Lighting Xiaogan, a subsidiary of Magneti Marelli, formed a partnership with Chang'an to establish a joint innovation center. The center aims to develop advanced technologies and enhance collaboration between Chang'an and Marelli.
In May 2021, Ferrari introduced an upgraded V12 engine for its 812 model in its limited-edition Competizione A and Competizione versions.
In February 2022, Denso Corporation utilized its expertise in the Standard Rail System (CRS) to assist global vehicle manufacturers in developing highly responsive, efficient, and reliable vehicles.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global gasoline direct injection market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the gasoline direct injection market, the market is segmented on the basis of stroke type, vehicle type, sales channel and region.
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