North America Automotive Emission Test Equipment Market Size, Share & Industry Trends Analysis Report By Solution, By Emission Test Equipment Type, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Automotive Emission Test Equipment Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).
The automotive emission test equipment is being utilized to evaluate the contents of CO, HC, and CO2 in automotive emissions using the non-dividing infrared absorption method, measure the contents of O2 in emissions using the electrochemical battery principle, and calculate the excessive air coefficient lambda based on the contents of CO, CO2, HC, and O2.
Factors like rising demand for permitted emission limits for road vehicles, rules governing the discharge of dangerous compounds, and strict adherence to mandates and recommendations are estimated to augment the growth of the market. Growing public knowledge and concern about pollution caused by vehicle emissions, particularly from passenger cars and light-duty trucks, is driving governments around the world to enact more rigorous rules and regulations.
According to the United States Environmental Protection Agency, the United States accounts for 30% of the world's on-road cars and contributes 50% of total vehicle emissions. For example, Vehicles are now outfitted with a variety of IoT gadgets that are powered by Artificial Intelligence (AI). The development of electric emission control devices driven by such systems could be viewed as a potential source of revenue for the regional market players.
The US market dominated the North America Automotive Emission Test Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $182 million by 2027. The Canada market is expected to witness a CAGR of 6.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6% during (2021 - 2027).
Based on Solution, the market is segmented into Emission Test Equipment, Emission Test Software and Emission Test Services. Based on Emission Test Equipment Type, the market is segmented into Opacity Meters/Smoke Meters and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Softing AG, Continental AG, Robert Bosch GmbH, Siemens AG, Honeywell International, Inc., ABB Group, BorgWarner, Inc., SGS S.A., Horiba Ltd., and Vector Informatik GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Emission Test Equipment
- Emission Test Software and
- Emission Test Services
By Emission Test Equipment Type
- Opacity Meters/Smoke Meters
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Softing AG
- Continental AG
- Robert Bosch GmbH
- Siemens AG
- Honeywell International, Inc.
- ABB Group
- BorgWarner, Inc.
- SGS S.A.
- Horiba Ltd.
- Vector Informatik GmbH
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