Global Diesel Particulate Filter Market Size, Share, Forecast Report, 2020-2027
Diesel particulate filter is primarily used to remove diesel particulate matter from the exhaust gas of diesel engines to reduce emissions from diesel cars. Diesel particulate filter is the effective technology used for the control of diesel particulate emissions-including particle mass and numbers-with high efficiencies. Diesel particulate filters are also operative in controlling the solid fraction of diesel particulates, including elemental carbon (soot) and the related black smoke emission.
Global diesel particulate filter market is expected to grow at CAGR of 8%. Rising environmental and health concerns have compelled governments to impose stringent emission regulations all over the globe to reduce carbon and other particulate discharge from automobiles exhaust. Diesel engines provide better fuel economy than gasoline engine. This benefit drives the production and sales of diesel vehicles all over the globe. Growth in population, urbanization, and increase in purchase power parity have led to a rapid increase in production of automobiles in untapped or developing regions have also expected to fuel the growth of global diesel particulate filter market. There is a continuous increase in investment into the development of the technology to reduce emissions, by manufacturers, which would help them develop better designs of the diesel particulate filter. There is preference for electric vehicles over conventional fuel-based vehicles in developed economies because of rise in awareness about the green technology and incentives and subsidies by governments to promote the use of electric vehicles. Such government initiatives are expected to hinder the market growth during the forecast period.
Segmentation: Global Diesel Particulate Filter Market
Global diesel particulate filter market is segmented on the basis of vehicle type, product type, material type, sales channel, and region. On the basis of vehicle type, the market has been segmented into passenger vehicle, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and off-highway vehicle. On the basis of product type, the market has been segmented into regenerating type filters, disposable type filters. On the basis of material type, the market has been segmented into cordierite wall flow filters, silicon carbide wall flow filters, ceramic fibre filters, others. On the basis of sales channel, the market has been segmented into original equipment manufacturer (OEM) and aftersales markets.
The prominent players in the global diesel particulate filter market include Delphi (US), Tenneco Inc. (US), Faurecia (France), Johnson Matthey (UK), and Bosal International (Belgium). MANN+HUMMEL (Germany), NGK Insulators, LTD. (Japan), Denso (Japan), Donaldson Company Inc. (US), BASF (Germany), and Continental AG (Germany), are among others.