Fuel injection systems
are the most important part of the engine mechanism because the engine performance depends upon the functionality of the injection system which must supply, meter, inject and atomize the fuel. There are a number of fuel injection systems in use today. Each of the systems has its own peculiarities which make it perform better from one point of view or another. Before adapting any of these systems in a given engine, it is necessary to study the characteristics of an injection system in view of the engine requirements and engine design. Automobile, aviation, defense and mining industries are the key end-user industries for this market.
One of the key factors driving the fuel injection system market
is the tightening of fuel economy standards. Moreover, there is a high demand for light vehicles which is encouraging passenger vehicle manufacturers to use direct injection fuel injection system for better performance and driving experience. Hence, the world market of fuel injection system is expected to grow from $xx million in 2015 to $xx million by 2020, at a CAGR of 9.9%.
Asia-Pacific region was the leading market for fuel injection systems in 2014 and would continue to be the top consumer for the next 5 years. The European market was the second largest fuel injection system consumer in 2014, whereas, North American market was at third position. The demand trend for fuel injection systems is expected to be similar till 2020.China and India are the emerging markets for the automobile industry due to increase in the disposable income of the individuals.