DUBLIN--(BUSINESS WIRE )--The "Diesel Common Rail Injection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global diesel common rail injection system market reached a value of US$ 3.36 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.17 Billion by 2027, exhibiting a CAGR of 3.67% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Common rail refers to a direct fuel injection system used in modern diesel engines. It relies on a fuel pump to maintain pressure and fuel injectors to control the timing and amount of fuel injected. It ensures that the fuel injection atomization or fuel spray is regulated electronically using a programmable control module, which allows multiple injections at any pressure while providing a level of flexibility for better power, fuel consumption, and emission control.
There is currently a rise in the demand for diesel engines across the globe due to their better fuel economy and longer shelf life. This, along with the growing utilization of commercial vehicles to transport goods and passengers for increasing profit of an individual or business, represents one of the key factors driving the market.
Moreover, key market players are extensively investing in research and development (R&D) activities to introduce enhanced injection technologies. This, coupled with the rising demand for diesel vehicles compared to petrol vehicles due to the lower prices of diesel, is propelling the growth of the market.
Besides this, governments of several countries are implementing stringent regulations to prevent greenhouse gas emissions. In line with this, the increasing employment of diesel common rail injection systems to reduce the emissions of nitrogen dioxide (NO?) is offering lucrative growth opportunities to industry investors.
Apart from this, the growing applications of diesel engines in the heavy construction equipment to achieve a higher torque even at lower speeds and greater revolutions per minute (RPM) is projected to catalyze the employment of diesel common rail injection systems in the construction industry.
Key Questions Answered in This Report:
5 Global Diesel Common Rail Injection System Market
6 Market Breakup by Vehicle Type
7 Market Breakup by Fuel Injector Type
9 Market Breakup by Sales Channel
For more information about this report visit https://www.researchandmarkets.com/r/eg0352
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900