Global Fuel Quality Sensor Market Size is valued at 91 million US$ in 2021 is expected to reach 127.7 million US$ by the end of 2027, growing at a CAGR of 5.2% during 2022-2027.
Fuel Quality Sensor provides a high-performance, cost-effective method for in-line or in-tank density and viscosity measurement for monitoring fuel quality. The formulation and content of an engine’s fuel obviously have a major effect on how the engine behaves and what comes out of the exhaust. The relative proportions of different substances in the fuel, whether they are natural constituents, impurities, or deliberate additives, can have either a positive or a negative effect on performance and emissions so engine design has to be carefully adjusted to work best with the fuel formulation likely to be used.
The fuel quality sensor measures the viscosity, dielectric constant, density, and temperature of fuels and controls carbon emission. The number of fuel-powered vehicles is rising quickly, and particularly in developing countries, differences in the quality of fuel across the globe are encouraging the automotive fuel quality sensor market. Also, due to the presence of prominent manufacturers in developing countries is expected to lead the automotive fuel quality sensor market.
The automotive fuel quality sensor market is primarily driven by rising demand for automation in the automobile sector, which is causing the industry to improve engine platforms and lower carbon footprints internationally. Furthermore, governments throughout the world have imposed carbon emission standards in order to reduce greenhouse gas emissions, which is propelling the vehicle fuel quality sensor market. The automobile sector is creating cost-effective and reliable mechanisms, such as fuel quality sensors, which presents an opportunity for the market for automotive fuel quality sensors.
The global Fuel Quality Sensor includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include CMR Group, SUN-A Corporation, WIKA-TECH (AVENISENSE), IPU Group, Tan Delta Systems, SCI Distribution, SP3H, Integrated Sensing Systems, RMF Systems, Bright Sensor and others.
Industry News and Updates:
19 June 2019 :CMR Group has announced that it has launched a new NIRIS (Near Infrared Intelligent Sensor) Natural Gas sensor, which reduces consumption levels of natural gas-powered engines through real time measurement of fuel quality.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The diverse technique employed by the refining industry will further lead to the difference in fuel properties across fuel stations and regions. In addition, the engine built by the automakers is attuned to certain fuel conditions. Thus, the difference in fuel properties will diminish the engine performance and increase safety concerns. Furthermore, it reduces fuel efficiency and increases pollutant emissions. Thus, fuel quality sensors will act as the major driver in reducing the emission from vehicles and refineries.
At present, the government has not implemented any mandate on the integration of fuel quality sensors in-vehicle ECU. This further acts as the challenge to integrating a fuel quality sensor from a third-party vendor. In addition, the third-party vendor needs to collate with the automakers to increase the penetration of their product.
The Asia Pacific subject the global fuel quality sensor market in terms of revenue share in previous year. The region is anticipated to maintain its dominance over the forecast period owing to growing automotive production and sales, especially in China and India. In addition, growing concerns regarding vehicular emissions are expected to drive product demand over the next years.
The Fuel Quality Sensor Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Fuel Quality Sensor Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | CMR Group, SUN-A Corporation, WIKA-TECH (AVENISENSE), IPU Group, Tan Delta Systems, SCI Distribution, SP3H, Integrated Sensing Systems, RMF Systems, Bright Sensor |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 99 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Fuel Quality Sensor Market is studied from 2017 - 2027.
What is the growth rate of the Fuel Quality Sensor Market?
The Fuel Quality Sensor Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Fuel Quality Sensor Market?
CMR Group, SUN-A Corporation, WIKA-TECH (AVENISENSE), IPU Group, Tan Delta Systems, SCI Distribution, SP3H, Integrated Sensing Systems, RMF Systems, Bright Sensor
What regions does this Fuel Quality Sensor Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fuel Quality Sensor Market?
NIR Sensors, Tuning Fork Sensors, Other
What are the major end-use applications of Fuel Quality Sensor Market?
Automotive, Construction Machinery, Generator, Ship
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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