Diesel Particulate Filter Market Share 2023, Global Industry Growth, Revenue, Emerging Trends, Opportunities and Forecast Till 2033: SPER Market Research
Diesel particulate filters (DPFs) help clean the exhaust gas from diesel engines of all soot particles. Additionally, diesel particulate filters aid in making sure that extremely strict emission regulations are followed. Diesel filters are very effective at reducing emissions of solid particulate matter (PM), but unsuccessful at reducing non-solid particulate matter (NSPM). Commercial diesel filters are available for specific retrofit requirements. Light- and heavy-duty diesel engine filters are almost ready for commercialization on highways. The market for diesel particulate filters is therefore anticipated to grow over the next several years.
According to SPER market research, ‘Diesel Particulate Filter Market Size- By Substrate Type, By Regeneration Catalyst, By Regeneration Process, By Equipment Type, By Vehicle Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Diesel Particulate Filter Market is predicted to reach USD 32.72 Billion by 2033 with a CAGR of 7.8%.
Driver:
Demand for Exotic and Heavy Cars: The market is growing more quickly due to the rise in luxury and heavy vehicle demand as well as the rise in diesel-powered vehicles. Additionally, the market is expanding thanks to a rise in passenger car sales brought on by consumers’ preference for economical vehicles. Additionally, the market for diesel particulate filters is positively impacted by the growth of the automotive industry, a spike in investments, and an increase in disposable income. The market is further influenced by the increase in preference for diesel engines over gasoline engines due to these vehicles’ greater fuel economy, robustness, and dependability as well as a favourable fuel tax environment.
Challenges:
However, it is anticipated that worries about DPF theft and a shift in light-duty vehicles’ propulsion preferences toward gasoline and hybrid systems will hinder market expansion. Moreover, problems with DPF commercialization and emission standard harmonization are anticipated to pose a challenge to the diesel particulate filter market during the forecast period. Furthermore, the cost of installing a DPF system can be high, especially when updating older diesel vehicles and equipment. Particularly in price-sensitive areas, the initial cost of DPF technology may discourage some prospective car buyers. Older diesel trucks that might not meet emission standards are used by a large number of fleet operators in logistics and transportation.
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The market for diesel particulate filters suffered as a result of the restricted lockdowns and social seclusion put in place to stem the COVID-19’s spread. Low consumer confidence, a partially closed business, and unstable economic conditions all affected the demand for diesel particulate filters. The pandemic caused supply chain disruptions and delays in logistics operations. In the post-pandemic scenario, however, it is expected that the market for diesel particulate filters will gain momentum as the restrictions are relaxed.
Diesel Particulate Filter Market Key Players:
Furthermore, the diesel particulate filter market is dominated by Asia-Pacific (APAC) due to the region’s increased awareness of automotive catalysts and the implementation of new government-regulated emission standards. Additionally, some of the market key players are Faurecia, BASF, Tenneco, Eberspaecher, Johnson Matthey.
Global Diesel Particulate Filter Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Substrate type: Based on the Substrate type, Global Diesel Particulate Filter Market is segmented as; Cordierite, Silicon carbide, Others.
By Regeneration catalyst: Based on the Regeneration catalyst, Global Diesel Particulate Filter Market is segmented as; Platinum-rhodium, Palladium-rhodium, Platinum-palladium-rhodium.
By Regeneration process: Based on the Regeneration process, Global Diesel Particulate Filter Market is segmented as; Passive, Active-fuel assisted, Active-electrically assisted.
By Equipment type: Based on the Equipment type, Global Diesel Particulate Filter Market is segmented as; Agricultural equipment, Construction equipment.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Diesel Particulate Filter Market Forecast Research
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