The global Automotive Emission Test Equipment Market size is expected to reach USD 971.9 million by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.09% from 2021 to 2028. The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light-duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period.
The emission test equipment segment held the largest
share in the automotive emission test system market in 2018. It is likely to
maintain its dominance in through 2025, on account of surging demand for
testing equipment worldwide, especially from automobile manufacturers.
Furthermore, the emission test services segment in the automotive emission test
system market is a developed business sector across the U.S. and EU member
nations. The growth of the segment can be attributed to increasing demand for
service centers owing to emission targets mentioned by governments of EU countries.
Asia Pacific is poised to register the highest CAGR over
the forecast period. The growth of the region can be attributed to surging
adoption of emission norms and growing emphasis on ensuring that automobile
manufacturers comply with the same, especially in developing countries such as
China and India. These countries are focusing extensively on regulating,
monitoring, and reducing greenhouse gas (GHG) emissions in order to cut down
adverse effects on environment due to excessive GHG emissions by vehicle
exhaust systems.
The adoption rate of periodic technical inspections,
vehicle emission norms & standards, and inspection & maintenance
programs is high in Europe and North America. European countries such as the
U.K., Germany, France, Italy, Spain, the Netherlands, and Finland are already
following vehicle emission stringent rules & regulations and have laid down
strict standards & norms so as to regulate GHG emissions and other
hazardous effects of pollutants emitted by vehicle exhaust systems. Therefore,
Europe spearheaded the global vehicle emission test system market in 2018 owing
to presence of several testing equipment manufacturers and emission testing
service providers.
Key market participants in the global automotive emission
test equipment market include HORIBA, Ltd., Opus Inspection, TÜV Nord Group,
Gemco Equipment Ltd, and TEXA S.p.A.
Related Press
Release@ Automotive
Emission Test Equipment Market Report
Automotive Emission Test Equipment Market Report
Highlights
- The
emission test software segment is anticipated to register considerable
growth over the forecast period. The software is used to analyze and
measure data conducted through various test & inspection system
- The
demand for opacity meters/smoke meters is estimated to increase over the
coming years, as these devices are used to measure optical properties of
smoke emitted by diesel engines
- Europe
was the highest revenue-generating regional market in 2018 owing to
domicile of a large number of emission testing equipment manufacturers,
software developers, and related service providers
- Some
of the key participants in the vehicle emission test system market are SGS
SA, Sierra Instruments, Inc., Gordon-Darby, Inc., Wager Company, and
Applus+.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment