Sellbyville, DE -- (SBWIRE) -- 01/23/2019 -- Gasoline Direct Injection System Market is estimated to grow at over 12% CAGR to hit USD 10 billion by 2024. GDI systems incorporate four major components, namely fuel injectors, sensors, electronic control units, and fuel pumps. Electronic control units accounted for the largest share in gasoline direct injection system market in 2015, subject to the high product demand for regulated equipment control. Fuel pumps and injectors are also expected to propel gasoline direct injection system market, owing to their extensive application across the automotive sector.

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Geographically, U.S. gasoline direct injection system market dominated the regional market in 2015, with a contribution of more than 90%, and is anticipated to grow at a CAGR of 13% over the years to come. This regional growth can be credited to the stringent government norms regarding fuel emissions, vehicle standards, and fuel economy. Speaking of fuel-related norms, the European Union has also introduced standards such as Euro 5, regarding the fuel emission rates. Compliance with such strict regulations, huge demand for automobiles, and the advent of innovative fuel-saving technologies will push Europe gasoline direct injection system market over 2016-2024.

APAC has been predicted to emerge as one of most lucrative growth avenues for gasoline direct injection system market, pertaining to the extensive expansion of the automotive sector and surging demand for fuel efficient vehicles in the region. Countries such as India, Indonesia, and China are slated to be the major revenue pocket, subject to the increasing awareness regarding GHG emissions in the region.

Europe held more than 40% of the global gasoline direct injection system market share in the year 2015 and is anticipated to register significant growth in the years ahead. The enforcement of Euro 5, one of the many vehicle emission standards by the European Union coupled with other stringent regulations mandates related to vehicular emissions will impel Europe GDI systems market. Automobile companies have been striving to manufacture products that comply with GHG emission standards and the Federal norms related to fuel efficiency, thereby driving gasoline direct injection system market.

Commercial vehicles accounted for more than 30% of the gasoline direct injection systems market share in the year 2015 and is estimated to grow at a CAGR of 12% over 2016-2024. This growth can be credited to the increasing demand for commercial vehicles across myriad sectors such as logistics and transportation.

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Industry players fiercely compete with each other on the grounds of product quality, deployed technologies, and product costs, to sustain their business position. Gasoline direct injection systems market is quite consolidated with the presence of selected companies such as Continental, MSR-Jebsen Technologies, Mitsubishi Electric Corp., Magneti Marelli, Bosch, Denso, Bajaj Auto Ltd., Stanadyne, Eaton Corporation, Delphi, and Hitachi. These companies have been making efforts to manufacture high quality and high performance exhibiting GDI systems components at lower prices to deal with their rivals.

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