February 23, 2023 16:00 ET | Source: Precedence Research Precedence Research
Tokyo, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The automotive exhaust systems market size was accounted at USD 78.53 billion in 2022. The purpose of the modern automotive system is to collect exhaust air from of the cylinder, eliminate dangerous materials and contaminants, minimize noise, and release the cleansed exhaust. Dependent on the engine, the exhaust pipe has one or two streams, and the flowing impedance is chosen to ensure that exhaust differential pressure doesn't impair engine performance. The main parts of the exhaust system also include the exhaust system, muffler, outlet pipe, exhaust pipe, and tailpipes. The vehicle exhaust system is primarily designed to improve motor efficiency and decrease the discharge of dangerous gases into the atmosphere. Exhaust Catalytic Converter
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Asia-Pacific is anticipated to account for the bulk of the global market for automobile exhausts throughout the forecast timeframe. Rising urbanization, increasing GDP, and rising personal discretionary cash all contribute to the expansion of this sector. Several businesses are establishing production plants in this location due to the lower cost of labor and resources, and it is anticipated that this development would hasten the expansion of the local market.
Europe, the industry's second-largest area, is anticipated to have strong growth during the projection timeframe. The country's stringent environmental regulations are forcing automakers to develop innovative exhaust systems. This, in addition to the region's growing utilization of low-emission vehicles, are factors that are anticipated to drive the industry's expansion.
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As worldwide emission requirements become more stringent on an annual basis, there is a growing need for a reduction in exhaust stream emissions specifics and quantities. Thanks to a variety of after-treatment systems, auto OEMs and performance exhaust manufacturers can regulate vehicle emissions to stay within legal limitations. The most common after-treatment equipment pairings include SCR and PDF. Together, they remove more than 70% of all gaseous and particle pollutants. The SCR converts NOx to N2 and liquid in the presence of a reduction agent, while the DPF screens out particles. These mixes consequently stimulate the market for exhaust systems, including aftermarket equipment.
Government pollution rules have led to rapid advancement in particulate filter technology, including exhaust stream regeneration (EGR) processes and emission after-treatment options. These techniques should accelerate industry growth. To comply with upcoming vehicle quality regulations, automakers are developing technology that reduces NOx emissions from gasoline exhaust gases. It is anticipated that all of these aspects of the development and improvement of the automobile catalytic converter would lead to a growth in the use of improved particle filters for automobiles.
CNG, BEVs, and Liquefied petroleum cars are examples of automobiles. The rising demand for low-emission internal combustion engines is driving sales up of CNG and Liquefied petroleum automobiles. The running costs of CNG and Liquefied petroleum automobiles are significantly lower than those of petroleum-based automobiles, making these automobiles cost-effective. Purchases of BEVs, the most popular type of clean car, are soaring because of numerous government requirements and other successful initiatives like tax subsidies to encourage the use of powered mobility.
Clean automobiles now have little effect on the market for exhaust systems. They are anticipated to have a significant influence in the future, nevertheless. Therefore, during the projection timeframe, the industry expansion is anticipated to be constrained by the rising sales of cleaner automobiles.
There is a growing demand for automobiles to be lighter to comply with tight pollution and gasoline economy requirements and avoid paying hefty fines levied by governmental agencies. Lighter cars consume less gasoline and produce fewer greenhouse gases because they require less energy to move because there is less friction to contend with. Industry experts claim that a 10% weight reduction in a car can increase mileage and fuel efficiency by 6% to 8%. Automobile manufacturers are concentrating on elements including new, lighter components, aerodynamic shape, and drivetrain component performance to reduce the overall weight of the vehicle. The emission system and its components in conventional particulate filters are made of, among other things, stainless steel, cast iron, mild steel, and carbon fiber.
Realistic Traveling Emissions Test measures harmful pollutants from engine exhaust, such as NOx, generated by cars while they are driving on the highway with the help of a transportable emissions measurement instrument. RDE is crucial to minimizing the disparity between approved vehicular emission values and actual results. The difference between authorized laboratory test findings and real car efficiency has grown unabatedly from 9 percent in 2001 to 28 percent in 2012 and 42 percent in 2015, according to the European Federation for Transportation and Environmental AISBL. RDE regulations are therefore projected to have a positive impact on the quality of the environment in European nations by demanding that car manufacturers integrate pollution control systems with their engines and take additional actions to achieve the best possible carbon reduction while operating.
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