Diesel particulate filters (DPFs) aid in the removal of all soot particulates from diesel engine exhaust gas. Diesel particulate filters also help to ensure that extremely stringent emission regulations are met. Although diesel filters are ineffective at reducing non-solid particulate matter (NSPM), they are extremely effective at reducing solid particulate matter (PM) emissions. For specific retrofit needs, commercial diesel filters are available. The commercialization of filters for light- and heavy-duty diesel engines on highways is nearly complete. As a result, the diesel particulate filter market is expected to expand in the coming years.
Global Diesel Particulate Filter Market Driving Factors and Challenges
Drivers: The market share of diesel engines is rising. Due to the diesel engines' higher fuel economy, robustness, and dependability as well as the favourable fuel tax environment, the market is further impacted by the growing preference for diesel vehicles over gasoline-powered vehicles. Furthermore, the introduction of stricter emission regulations and the rising demand for diesel engines in developing countries are the key factors driving the growth of the diesel particulate filter market. The market for diesel particulate filters is anticipated to grow slowly, nevertheless, as light-duty vehicles in developed nations increasingly use gasoline and hybrid propulsion. However, the introduction of active regenerative electronically controlled DPF and the rise in demand for other particulate filters are positively affecting this market's growth.
Challenges: It can be costly to install a DPF system, particularly when updating older diesel machinery and automobiles. The initial cost of DPF technology may deter some car buyers, especially in price-sensitive areas. Many fleet operators in logistics and transportation use older diesel trucks that might not comply with emission regulations. The expense of installing DPFs on these trucks could be unaffordable. Industry insiders estimate that depending on the vehicle's size and installation complexity, adding a DPF to a single older diesel truck may cost thousands of dollars. The entire cost of a fleet of trucks could be very expensive. These are the reasons that are restrict in the market.
Impact of COVID-19 on Global Diesel Particulate Filter Market
The restricted lockdowns and social distancing implemented to stop the COVID-19's spread had a detrimental effect on the diesel particulate filter market. Diesel particulate filter demand was impacted by low consumer confidence, a partially closed business, and uncertain economic conditions. During the pandemic, logistics operations were delayed and the supply chain was hindered. But with the restrictions loosened, the market for diesel particulate filters is anticipated to pick up steam in the post-pandemic scenario.
Global Diesel Particulate Filter Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Faurecia, BASF, Tenneco, Eberspaecher, Johnson Matthey, Denso, Continental, Bosal, Friedrich Boysen and NGK Insulators.
Global Diesel Particulate Filter Market Segmentation:
By Substrate type: Based on the Substrate type, Global Diesel Particulate Filter Market is segmented as; Cordierite, Silicon carbide, Others.
By Regeneration catalyst: Based on the Regeneration catalyst, Global Diesel Particulate Filter Market is segmented as; Platinum-rhodium, Palladium-rhodium, Platinum-palladium-rhodium.
By Regeneration process: Based on the Regeneration process, Global Diesel Particulate Filter Market is segmented as; Passive, Active-fuel assisted, Active-electrically assisted.
By Equipment type: Based on the Equipment type, Global Diesel Particulate Filter Market is segmented as; Agricultural equipment, Construction equipment.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.