Sales of Natural Gas Engine Control Units Accelerate as Consumers Seek Better Fuel Efficiency and Reduced Vehicle Emissions: Future Market Outlook

Future Market Insights’ in-depth study of the Electrical Control Unit Market highlights significant insights into the growth dynamics including drivers, restraints, and opportunities across seven key regions. The report provides a global overview of expected trends with detailed segmentation on the basis of product type, vehicle type and sales channel.

DUBAI, United Arab Emirates, October 8, 2021 / PRNewswire / – According to the IMF study, the Global Engine Control Unit (ECU) Market will reach US $ 12.8 billion in 2021, recording growth of 3.7% over one year. ECU sales decreased by 0.9% between 2016 and 2020, but as the automotive industry grows with the increasing adoption of electric vehicles, the demand for ECUs is expected to increase.

The implementation of strict regulations to control carbon emissions has forced businesses and consumers to adopt electronic security-related systems. Failure to follow these rules can cause serious personal injury or financial ramifications.

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According to the report, demand for natural gas ECU is expected to increase at a CAGR of 4.4% between 2021 and 2031. The focus on sustainable energy sources to replace fossil fuels will fuel demand in the fuel segment. Natural gas ECU. It should therefore remain one of the best-selling product categories on the market.

According to the IMF, as auto sales accelerate in China, Germany, and in the United States, the adoption of ECU is highest in these countries. The increase in automobile production in these countries has accelerated the demand for engine control units, driving the growth of the market.

Overall, the engine control units market is expected to gain ground due to rising car sales, advancements in technology, and low cost parts manufacturing, especially in the South and East Asia.

“With greater awareness and compliance with emission control rules, key companies are investing heavily in the development of advanced ECUs to improve energy efficiency and reduce CO2 emissions. sales, creating incremental growth opportunities for market players ”, said the IMF analyst.

Key takeaways from the IMF Engine control unit (ECU) Market research

  • Gasoline ECUs are expected to account for almost 75% of total sales in terms of volume during the forecast period
  • The demand for engine control units in passenger cars is expected to exceed US $ 5.5 billion until 2031
  • Natural Gas ECU sales are forecast to increase at a CAGR of 4.4% during the forecast period
  • In terms of sales channel, OEMs are expected to represent nine tenths of the global market
  • China should become a leading market in East Asia, representing more than 25% of global sales
  • US ecu market expected to grow 2.2% year-on-year in 2021 as ecu sales decline in 2020 due to COVID-19

Key factors

  • The demand for engine control units will increase as consumers increasingly seek more fuel efficient and less polluting vehicles.
  • The growing adoption of self-driving cars and concept cars will encourage leading manufacturers to develop advanced and vehicle-specific custom ECUs, thus furthering market growth.
  • With the advent of electric vehicles, consumers are increasing the installation of advanced applications such as the advanced ECU in luxury and mid-range passenger vehicles.

Key restrictions:

  • High cost of installation and malfunctions of ECUs are the major factors hampering sales of the Engine Control Unit Market
  • With the volatile fluctuation in gasoline prices and the growing awareness of pollution control, consumers are looking for electric cars that hamper the sales of gas ECUs and diesel ECUs.

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Competitive landscape

Companies operating in the engine control unit market are engaging in research activities to implement new technologies and expand their global footprint. Some of the major players mainly focus on product development to gain competitive advantage in the market.

Market players launch customized products for specific vehicle models and work with aftermarket OEMs and dealers to expand their customer base.

IMF believes that due to the presence of key companies with technological expertise, the market is expected to experience intense competition in the coming years.

For example,

  • In december 2020, Hyundai Motor Group unveiled its new E-GMP (Global Electric Modular Platform), a dedicated battery-electric vehicle platform that will serve as the core technology for Hyundai Motor’s next-generation battery-electric vehicle range Group. The integrated electric motor control system includes the world’s first multi-load and two-way converting function.
  • In October 2020, Vitesco Technologies announced the launch of the world’s first transmission control system with complete molding technologies, known as over-mold control electronics with 45% less weight and fewer production steps.
  • In October 2019, Pratt and Whitney, a division of United Technologies Corporation, announced the launch of its new PC-12 NGX aircraft, the first integrated dual-channel electronic propeller and engine control system in the general aviation turboprop market.

Some of the major players operating in the industry engine control unit (ECU) market profiled by IMF are:

  • Robert Bosch GmbH
  • Denso Corp.
  • Hyundai Motor Company
  • Hitachi Ltd.
  • United Automotive Electronic Systems Ltd
  • Mitsubishi electric corporation
  • Marelli Holdings Co., Ltd
  • Aptiv Plc
  • Cummins Inc.
  • Cardone Industries inc.
  • ACDelco
  • Standard Motor Products Inc.
  • Dorman Products Inc.
  • Electronic Concepts and Engineering Inc.
  • Westport Fuel Systems Inc.
  • Taditel Automotive Electronics Ltd..
  • Others

More valuable information on Engine control unit (ECU) Marlet

IMF in its new report offers an unbiased analysis of the global Engine Control Units (ECU) market, analyzing the forecast statistics to 2021 and beyond. The survey reveals growth projections for the Engine Control Unit (ECU) industry market with detailed segmentation:

By product:

  • Gasoline ECU
  • Diesel ECU
  • Natural gas ECU

By type of vehicle:

  • Passenger cars
  • Light commercial vehicles
  • Heavy duty vehicles

By sales channel:

  • Original Equipment Manufacturers (OEM)
  • Secondary market

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Key questions addressed in the report

  • The report provides an overview of the demand outlook of the Engine Control Unit (ECU) market for the forecast period 2021-2031
  • The market research also highlights the expected sales growth for the Engine Control Units (ECU) market between 2021 and 2031.
  • The Engine Control Unit (ECU) market research identifies key growth drivers, restraints, and other forces impacting dominant trends and evaluating the current market size and forecast and technological advancements within the industry
  • Analysis of Engine Control Unit (ECU) market share, covering key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships etc.

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