Asia Pacific Spark Plug Market Size, Share & Industry Trends Analysis Report By Type (Hot and Cold), By Material (Copper, Platinum, Iridium), By Sales Channel, By End-Use (Automotive, Marine), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Spark Plug Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
The temperature of the spark plug's firing end must be kept at a level that is both high enough to avoid fouling and low enough to avoid pre-ignition. Manufacturers of spark plugs refer to this as "thermal performance." The quantity of energy supplied from the ignition through the spark plug has no relation to its thermal performance, often known as its heat range.
Apart from use in automobiles, in Saab Direct Ignition, spark plugs are also utilized to measure ionization in the cylinders when they are not firing. This ionic current measurement takes the role of the typical cam phase sensor, knock sensor, and misfire measurement functions. In other applications, such as furnaces, where a flammable fuel/air mixture needs to be ignited, spark plugs could also be employed.
They are sometimes known as flame igniters in this situation. The expansion of the spark plug is driven by the modernization of automobiles for improved vehicle performance and conformance with strict emissions requirements. Advanced spark plugs are being introduced by manufacturers to improve fuel economy and lower emissions from cars. For instance, Pulstar introduced a fine-wire, high-power iridium spark plug in 2020 to deliver improved performance while using less gasoline.
Asia is a big market for the auto industry. There is a high need for affordable two-wheeled automobiles. Growth is still being driven by energy and fuel efficiency. The market potential in Asia is being created by environmental consciousness and economic transformation. The region's automobile production and sales, which saw a gain, are also expected to propel the region to the top of the growth charts.
The China market dominated the Asia Pacific Spark Plug Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $461.1 million by 2028.The Japan market is estimated to grow a CAGR of 4.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.2% during (2022 - 2028).
Based on Type, the market is segmented into Hot and Cold. Based on Material, the market is segmented into Copper, Platinum, Iridium and Others. Based on Sales Channel, the market is segmented into Original Equipment Manufacturer and Aftermarket. Based on End-Use, the market is segmented into Automotive, Marine and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Spark Plug Market is Projected to reach USD 4.4 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Denso Corporation, Valeo SA, Marelli, General Motor Co., Ford Motor Company, E3 Spark Plugs, Weichai Power Co. Ltd., Tenneco, Inc., and NGK Spark Plug Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- Original Equipment Manufacturer
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Denso Corporation
- Valeo SA
- General Motor Co.
- Ford Motor Company
- E3 Spark Plugs
- Weichai Power Co. Ltd.
- Tenneco, Inc.
- NGK Spark Plug Co., Ltd.
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