Global Automotive Homogeneous Charge Compression Ignition Market to Grow at a CAGR of Over 17% Through 2021: Technavio
Technavio
market research analysts forecast the global
automotive homogeneous charge compression ignition (HCCI) market
to grow at a CAGR of more than 17% during the forecast period,
according to their latest report.
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Technavio has published a new report on the global automotive homogenous charge compression ignition market from 2017-2021. (Photo: Business Wire)
The market study covers the present scenario and growth prospects of the global
HCCI market for 2017-2021. Automakers, such as Mazda
Motor, Nissan Motor, and Hyundai Motor, are expected to launch
vehicles equipped with HCCI engines, which will drive the global
automotive HCCI market. In addition, the growing R&D in the field of
automotive HCCI engines, and the stringent carbon emission norms will
drive the global automotive HCCI market during the forecast period.
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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global HCCI market:
-
HCCI engines improve fuel efficiency and reduce throttling losses
-
Compatibility of HCCI engines with alternative fuels
-
Decreasing prices of retail gasoline driving the ICE market
HCCI engines improve fuel efficiency and reduce throttling losses
An HCCI engine improves performance and increases fuel efficiency due to
reduced throttling losses. Automotive HCCI systems combine the features
of CI (compression ignition) and SI (spark ignition) engines. According
to the industry experts, the HCCI engines increase fuel efficiency by
20% due to the better conversion of chemical energy into mechanical
energy.
These engines are compatible with various types of fuels. For instance,
ethanol can be used instead of gasoline or diesel. The engine is
suitable for cold starting applications that result in the clean burning
of fuel. These features make HCCI engines environment-friendly by
reducing tailpipe emissions.
Compatibility of HCCI engines with alternative fuels
HCCI engines offer benefits such as improved engine performance, fuel
efficiency, and reduced exhaust emissions because of which an increasing
number of automakers are investing heavily in commercializing this
technology.
“The HCCI engines are compatible with various types of fuels. Most of
the developments require gasoline in the HCCI engines. However, some
engine designers and developers are working on the use of hydrogen gas
or natural gas with diesel to make them as efficient as gasoline for
HCCI applications,” says Siddharth Jaiswal, a lead analyst at
Technavio for powertrain
research.
There is an increasing focus on the integrating fuels with high octane
number (such as diesel) with high cetane number (such as hydrogen gas or
natural gas) that can help in increasing the durability and reliability
of the engine. In addition, it will also help in minimizing CO (carbon
monoxide) and NOx (nitrous oxide) emissions. The flexibility and
compatibility of these engines will drive the global automotive HCCI
market.
Decreasing prices of retail gasoline driving the ICE market
Most of the vehicles worldwide are powered by gasoline. The retail
prices of gasoline play a crucial role in determining the running cost
of an automobile, which further affects the demand in the automotive
industry. The automotive industry focuses on producing cheaper automated
manual transmission systems for entry-level cars and sedans in the
countries listed in the ASEAN.
“The expected increase in the demand for such vehicles, stringent
government regulations for achieving fuel efficiency by reducing
emissions, and the increasing traffic congestions will drive the global
automotive HCCI market during the forecast period,” says Siddharth.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
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and proprietary databases. They corroborate this data with the data
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