The
global Automotive Emission Analyzer Market is expected to witness significant
growth over the forecast period owing to rising demand from the automotive
industry. Furthermore, growing stringent emission regulation by government is
anticipated to drive the market growth over the next eight years. In addition,
the rising adoption of numerous technologies to reduce automobile emissions is
further projected to propel the sector demand over the forecast period. The
market is projected to witness proliferated demand over the next eight years
owing to increasing awareness among people regarding the harmful effects of
carbon emissions coupled with rising health problems due to surging air
pollution. However, high initial setup cost coupled with rising fluctuation in
the raw material prices has enabled the market to witness hindered growth over
the next eight years.
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The
global automotive exhaust analyzer market is segmented by sensor type into
flame ionization detector, non-dispersive method, constant volume sampler and
chemiluminescence analyzer. The non-dispersive method is likely to witness
major demand from the end-user industry over the next eight years primarily due
to growing awareness regarding its easy process to achieve high operational
efficiency. The market is also segmented by vehicle type into LCV, Passenger
car and HCV. The market can be segmented by location type into on-board systems
and analytical systems. The on-board system is expected to witness fastest
growth over the forecast period owing to the growing adoption of new technologies
for automobile development and testing projects.
The
automotive exhaust analyzer market is highly competitive primarily to the
presence of several domestic and international suppliers. Though, the sector
has the presence of various new players, who face difficulty in competing with
other major companies in terms of functionalities, features, quality, and
services. Over the forecast period, the growing new product development
activities coupled with increasing adoption of new technologies for achieving
operational efficiency has enabled the competition to become more aggressive.
On a contrary, few major players through continuous R&D endeavours coupled
with growing expertise knowledge in the industry have enabled them to witness
competitive edge, thus propelling the overall growth of the sector over the
next eight years.
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