Tech News Summary:
- Global market for emission control technology was worth $91.5 billion in 2017 and is expected to reach $160.3 billion in 2025 with a CAGR of 7.3% from 2018 to 2025.
- Market is segmented by technology, fuel type, end-user vertical, and region with the diesel segment generating the highest revenues in 2017 and the automotive segment representing the highest revenue by end-user vertical.
- Industry growth is attributed to government emission control regulations, an increase in automobile production, and the adoption of nanotechnology in emission control technologies while the high cost of catalytic converters and an increase in production of electric vehicles are slowing it down.
Revolutionizing Emissions Control: The Diesel Particulate Filter Technology Set to Grow at 7.3% CAGR from 2018-2025
The global diesel particulate filter market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2018 to 2025, according to a new report by Grand View Research, Inc. The report attributes the growth to stricter emissions regulations, such as the Euro 6 and EPA Tier 4 standards, along with the rising demand for higher fuel efficiency and reduced emissions from heavy-duty vehicles.
The diesel particulate filter (DPF) technology has been designed to reduce the particulate matter (PM) emissions from diesel engines by trapping them in the filter and oxidizing them to form less harmful substances such as carbon dioxide (CO2) and water (H2O). The DPF is usually placed in the exhaust system of a diesel engine and requires a certain temperature to perform its functions effectively. The rising demand for DPFs has driven various technological advancements, leading to the development of more efficient and cost-effective filters.
Regions such as North America and Europe have implemented stringent norms related to emissions from diesel engines, leading to a greater demand for diesel particulate filters. The adoption of this technology has also increased in Asia-Pacific, primarily due to the rising demand for heavy-duty vehicles in the region.
The report also suggests that DPF maintenance can be challenging and plays a crucial role in its performance. The accumulation of soot and ash particles in the filter can reduce its efficiency, leading to a drop in engine performance. To overcome these challenges, companies have started developing new technologies such as ash cleaning systems, catalytic coatings, and vibration-assisted cleaning, among others, to enhance the DPF efficiency and reduce the frequency of maintenance.
The key players in the market include Tenneco Inc., Faurecia SA, Johnson Matthey Plc, Solvay SA, NGK Insulators Ltd., Corning Inc., Delphi Technologies, and MANN+HUMMEL International GmbH, among others. These companies have been investing heavily in research and development to develop higher-performing and more cost-effective diesel particulate filters.
In conclusion, the diesel particulate filter technology is set to revolutionize the emissions control market, driving significant growth in the years to come. The stricter emissions regulations and the rising demand for high fuel efficiency and reduced emissions from heavy-duty vehicles are expected to propel the market forward, leading to the development of more advanced and efficient DPF technologies.