In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
The pulsation damper is a stainless steel sphere with a fitting on one side that connects to a 'T' fitting and is placed in-line with the fuel flow either just before or after the fuel flow transducer. The pulsation damper acts like a common air shock absorber isolator in a typical sink facet. A fuel pulsation damper is a device used to regulate the oscillation of fuel caused by the opening and closing of injectors and smooth this out. The fuel pulsation damper consists of a hydraulic accumulator with metal bellows to separate the compressible gas from the fuel oil. A fuel pulsation sensor which is used in many engines is used to dampen out the pressure variations in the fuel rail. These pulsation dampers are widely used to reduce the high pressure pulses which can lead to fatigue of components in the system.
The problem of pressure pulses is a well-known phenomenon in diesel engines. To overcome this, fuel pulsation dampers are required in each inlet and outlet. The fuel pulsation damper uses diaphragm to absorb pulses or waves in the fuel. Automobile manufacturers are constantly working towards manufacturing vehicles with high level of fuel efficiency and reliability in their vehicle line up; automotive fuel pulsation dampers plays an important role within this context to achieve such targets.
Automotive fuel pulsation damper market is highly dependent upon the automotive sector. It has been notified that the automotive industry has performed steadily over last few years which is expected to continue in the upcoming years. With high level of investment in the automotive industry and technical advancement, manufacturers are concentrating on investing in research and development of maintenance free automotive fuel pulsation damper. This is further projected to fuel the growth rate of the automotive fuel pulsation damper market. Moreover, respective government’s push for stringent emission norms for their countries, the companies are focusing on improving the efficiency of their fuel systems. This would propel the demand for automotive fuel pulsation dampers over a long period of time and consequently promote the growth of the market over the forecast period.
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Steady growth of Automotive Sector
Automotive fuel pulsation damper market shares a synergic relationship with the automotive industry which has been growing steadily at a rate of 1%-2%, with similar trend anticipated in the coming years. With the help of the steady growth of automotive industry, the automotive fuel pulsation damper market is anticipated to expand over the assessment period. Moreover, with technical advancements witnessed in the automotive industry, the manufacturers are focusing on investing in research and development of maintenance free automotive fuel pulsation dampers. This will further create opportunities in this business during the assessment period.
Increasing Stringent Emission Norms
With increasing stringent emission norms across the globe, OEMs are focusing on improving the efficiency of their fuel systems. This would further boost up the demand of automotive fuel pulsation dampers over a long run and will consequently promote the growth of the fuel pulsation dampers market over the assessment period.
Increasing Sales of Electric Vehicles
Increasing sales of electric vehicles across the globe would adversely impact the demand for automotive fuel pulsation dampers. As electric vehicles become a popular alternative of the conventional vehicles, the demand for automotive fuel pulsation dampers is anticipated to slow down. This would restrict the growth of the market over the assessment period. Moreover, increasing initial prices of automotive fuel pulsation dampers is further likely to inhibit the growth of fuel pulsation damper market during the next few years.
Our-in depth analysis of the fuel pulsation damper market includes the following segments:
By Vehicle Type
By Sales Type
On the basis of regional platform, the fuel pulsation damper market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The steady growth of automotive sector has a significant influence on the automotive fuel pulsation damper market. The vehicle manufacturing has been expanding over the years in Asia Pacific region. Countries in Asia Pacific region such as China, India and Indonesia have been growing significantly which can be attributed to the increase in demand for fuel pulsation damper due to higher economic growth in the region. Moreover, increasing disposable income of the working-class population in APAC region will further give a necessary boost in the demand for vehicles in the region. The market share in North America and Europe is anticipated to showcase steady growth rate owing to the increasing demand for high speed and premium vehicles. This will promote the growth of automotive fuel pulsation damper market over the forecast period. The fuel pulsation damper market is further classified on the basis of region as follows: