About Exhaust Purification Device
Exhaust purification devices is a device to save the environment from pollutant gases emitted from various sources such as automobile and other combustions. This system comprises with various process and subsystem such as, oxidation catalyst which is provided in an exhaust passage after combustion zone. In this system, a filter for collecting particulate matter contained in exhaust gas emitted and electrodes are also a part of the system to detect an electrostatic capacity of the oxidation catalyst in order to guide the system in a proper manner, one more part of the system is electronic controller which are configured to estimate an amount of accumulated particulate matter in the filter for proper functioning of device.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Exhaust Purification Device market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Faurecia (France), Continental (Germany), Tenneco (United States), Friedrich Boysen (Germany), Bosal (Belgium), Eberspächer (Germany), Futaba Industrial (Japan) and Benteler International (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Yutaka Giken (Japan) and Sejong Industrial (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Exhaust Purification Device market by Type (Three-way Catalyst and Oxidation Catalyst) and Region.
On the basis of geography, the market of Exhaust Purification Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Passenger car will boost the Exhaust Purification Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Devices, the sub-segment i.e. Diesel Particulate Filter will boost the Exhaust Purification Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Catalytic Converter will boost the Exhaust Purification Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Gasoline will boost the Exhaust Purification Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Compact Exhaust Purification Devices Such As Aqua Silencers Are In Trend
Market Growth Drivers:
Rapid Technological Innovations, Growing Concern Of Minimal Emission And Noise Pollution and Maintenance-Free Motor Vehicle Exhausts Particle Purifying
Challenges:
High Complexity and Maintainance
Restraints:
High Pricing of Products Limiting Consumption
Opportunities:
High Rate Of Vehicle Production In Automobile Sector and Growing Environmental System
Market Leaders and their expansionary development strategies
In October 2023, automotive giants Bosch and Eberspächer signed a memorandum of understanding to collaborate on developing advanced diesel particulate filters (DPFs) for commercial vehicles. This partnership aims to combine Bosch's expertise in sensor technology and engine management with Eberspächer's experience in exhaust purification systems.
In July 2023, Emitec, a German exhaust purification specialist, joined forces with Johnson Matthey, a leading developer of catalytic converters, to develop next-generation catalytic soot filters (CSFs) for gasoline engines. The goal is to create more efficient and cost-effective filters that meet stricter emission regulations.
Key Target Audience
Vehicle Exhaust Purification System Manufacturers, Vehicle Exhaust Purification System Distributors/Traders/Wholesalers, Vehicle Exhaust Purification System Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.