BANGALORE, November 30, 2015 /PRNewswire/ --
Mordor Intelligence announces the publication of their report on The Global Automotive Exhaust Analyzer Market, segmented by Sensor Type - By Location - By Vehicle Type - By Geographical Region - Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2015-2020).
The Global Automotive Exhaust Analyzer market is poised to grow at a Compounded Annual Growth Rate (CAGR) of 8.85% during 2015-2020. Recent developments in the automotive industry regarding Volkswagen have raised many eyebrows. The potential scale of the scandal raised the alarms across the environmental protection agencies, putting the current exhaust analysis techniques under stringent scrutiny, bringing the automotive exhaust analysis system into the spotlight. Analyzer manufacturers have taken this gaffe as a major market opportunity and are racing to come up with suitable products. HORIBA, Robert Bosch and Kane Automotive are few of these emission analyzer systems manufacturers, who are trying to capitalize on the demand by coming up with new production and further by expanding their production capabilities.
Asia-Pacific region was the largest market for automotive exhaust analysis as of 2015 with India, China, Japan and South Korea growing as major automotive manufacture hubs. Europe closely followed, while North America region is expected to grow considerably with the recent Volkswagen incident. The market for On-board systems, PEMS and remote emission sensing systems is estimated to grow at a faster pace over the forecasted period. Iridium 50-gas sensor was the preferred type until 2015, while majority of the analysis products released over the last five years employed Non-Dispersive Infrared analysis sensor.
Get the Full Report here: Global Automotive Exhaust Analyzer Market
Advancements in the sensor materials, stringent environmental agency regulations, evaluation of prototypes in the vehicles and growing automotive production are some of the factors driving the exhaust analysis market. Higher initial cost for the equipment and growing competition due to high market profitability are some fractioning factors for the market growth.
The major segmentation in the report includes the market estimates by type of sensor such as non-dispersive infrared, flame ionization detector, chemiluminescence analyzer and constant volume sampler. The report provides an in-depth analysis of the Automotive Exhaust Analyzer market across different Geographical regions namely North America, Europe, Asia-Pacific, Latin America and Africa & Middle-East along with further country wise segmentation. The Automotive Exhaust Analyzer Market in the report is also segmented based on vehicle type such as Passenger Car, LCV, HCV and other automobiles. Further, the market is segmented by location of the sensor i.e. On-board systems and analytical systems.
The Automotive Exhaust Analyzer market report includes competitive vendor landscape while considering major companies such as HORIBA, Robert Bosch GmbH, Sensors, Inc. and ECOM America Ltd. The other key players in the market include AVL LIST GmbH, EOS S.r.l., Fuji Electric India Pvt. Ltd, Kane Automotive, MRU Instruments Inc., Nova Analytical Systems Inc. and Others.
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SOURCE Mordor Intelligence LLP