Global Diesel Particulate Filter Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Diesel Particulate Filter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global diesel particulate filter market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global diesel particulate filter market size reached US$ 13.78 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.36 Billion by 2028, exhibiting a growth rate (CAGR) of 8.36% during 2023-2028.
A diesel particulate filter (DPF) is designed to trap and remove particulate matter or soot from the exhaust gas of a diesel engine. It operates as an effective emission control technology that reduces the release of harmful pollutants into the environment. It is cost-efficient as it improves fuel efficiency and extends the life of an engine. It plays a crucial role in enhancing the environmental sustainability of diesel-powered vehicles and machinery. It provides efficient functioning of the engine, promotes smoother operation, and reduces wear and tear on vital engine components. It aids in minimizing the emission of hazardous substances, such as hydrocarbons and carbon monoxide, by capturing and storing particulate matter while ensuring compliance with stringent emission regulations. As it mitigates air pollution and promotes cleaner air quality in urban and industrial areas, the demand for DPF is rising across the globe.
Global Diesel Particulate Filter Market Trends and Drivers:
Presently, the increasing adoption of DPFs, as they are beneficial in maintaining optimal engine power and torque and ensuring consistent performance and reliability even under challenging operating conditions, represents one of the major factors contributing to the market growth. In line with this, the escalating demand for enhanced operational efficiency of industrial vehicles and equipment is offering a positive market outlook. Moreover, rising concerns about health risks associated with particulate matter emissions are offering lucrative growth opportunities to industry players. Furthermore, the rising adoption of energy-efficient solutions in the transportation and industrial sectors is strengthening the market growth. Apart from this, advancements in DPF technologies, such as enhanced filtration efficiency and regeneration systems, are supporting the growth of the market. Furthermore, the growing demand for DPFs on account of the rising number of construction activities worldwide is offering a favorable market outlook. In addition, governing agencies of various countries are implementing stringent rules and regulations to reduce carbon emissions. They are also offering various incentives for adopting clean emission technologies.
Global Diesel Particulate Filter Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
BASF SE, BOSAL International, Continental AG, Faurecia, Johnson Matthey, NGK Insulators Ltd., etc.
The report segmented the market on the basis of region, substrate type, regeneration catalyst, regeneration process, and vehicle type.
Breakup by Substrate Type:
- Cordierite
- Silicon Carbide
Breakup by Regeneration Catalyst:
- Platinum-Rhodium
- Palladium-Rhodium
- Platinum-Palladium-Rhodium
Breakup by Regeneration Process:
- Passive
- Active-Fuel Assisted
- Active-Electrically Assisted
Breakup by Vehicle Type:
- Passenger Car
- LCV
- Truck
- Bus
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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