Automotive Hydrogen Gas Injector Market to be dominated by Asia-pacific region through 2027
Advancements in medium and heavy-duty vehicle and focus on
improving hydrogen infrastructure is expected to drive the demand of global automotive
hydrogen gas injector market in the forecast period, 2023-2027.
According
to TechSci Research report, “Automotive Hydrogen Gas Injector Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”,
the global automotive hydrogen gas injector market is anticipated to grow at an
impressive rate in the forecast period, 2023-2027. The development of
automotive fuel cells lowered the cost of infrastructure and other resources.
They consume either methane or hydrogen as the primary source of energy, and
both of the fuel cells are cleaner sources of fuel compared to lithium-ion
batteries. The majority of the world’s largest automobile manufacturers are
making plans to commercialize fuel cell vehicles in the forecast period. Fuel
cells are used as the primary power to generate backup power and heat in the
automotive industry. The high adoption rate for fuel cell technology and
several steps taken by government authorities are expected to accelerate the
global automotive hydrogen gas injector market growth.
However,
the lack of presence of hydrogen fueling stations and high initial investments
may restrain the growth of the global automotive hydrogen gas injector market
in the forecast period.
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The
global automotive hydrogen gas injector market is segmented by vehicle type,
demand category, flow rate, competitional landscape, and regional distribution.
Based on the vehicle type, the global
automotive hydrogen gas injector market is divided into passenger car, LCV and
M&HCV. The passenger car segment is expected to hold the largest market
share in the forecast period. Improving economic conditions and the growing
expenditure capacity of consumers fuel the sales of passenger cars around the
globe. High demand for personal mobility and numerous emission policies by the
government of several countries favor the sales of the passenger car segment.
Based on the demand category, the global
automotive hydrogen gas injector market is bifurcated into OEM and replacement.
The OEM segment is expected to account for a significant market share in the
forecast period. OEMs are using advanced technologies in the manufacturing
process of hydrogen gas injectors to integrate advanced features and increase
the efficiency of their product. Market players are coming together to develop
fuel cell technologies and find new materials to manufacture advanced hydrogen
gas injectors. They are making investments to expand their facilities and
introducing novel technologies to stay ahead in the market.
Based on the regional analysis, the
Asia-pacific region is dominating the market and is expected to maintain its
dominance throughout the forecast period. The increasing preference of
consumers for private vehicle ownership and strong government support is
fueling the sales of passenger cars in the region. South Korea, China, and Japan
are the leading economies in electric vehicles. China boasts of one of the
world’s largest electric vehicle producers due to government support and the
implementation of compulsory laws that emphasize that vehicle manufacturer
needs to manufacture electric vehicles per the number of vehicles manufactured.
Installation of the electric vehicle charging stations and setting-up deadlines
to shift from ICE vehicles to full or hybrid electric vehicles is expected to
influence the market growth in the next five years.
Major market players operating in global
automotive hydrogen gas injector market are:
- Robert Bosh GmbH
- Clean Air Power Ltd.
- HyTech Power, LLC.
- Cummins Inc.
- Aisin Industries Co. Ltd.
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“Growing commercial activities around
the globe, owing to the improvement in the economic status and ongoing trade
activities, is expected to bolster the demand for commercial vehicles. The
shift in focus of concerned authorities to develop green mobility solutions to
lower transportation pollution and the growing awareness about the benefits of
using hydrogen fuel cells is boosting the demand for hydrogen gas injectors
worldwide. The use of fuel cell in commercial vehicles and the launch of
vehicles supporting fuel cell technology is expected to propel the growth of
the global automotive hydrogen gas injector market till 2027” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Automotive Hydrogen Gas
Injector Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027, Segmented By Vehicle
Type (Passenger Car, LCV, M&HCV), By Demand Category (OEM vs Replacement),
By Flow Rate (Upto 2gallon/sec and Above 2gallon/sec), and By Region”, has evaluated the future
growth potential of global automotive hydrogen gas injector and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global automotive hydrogen gas injector
market.
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