Particulate filter market to hit ?3.3 billion in Europe by 2012
Diesels have always had a huge efficiency advantage over other piston engine technologies. Unfortunately, in addition to that efficiency, diesels also had a few negative characteristics: noise, smell and black soot. In recent years governments have been toughening up their emissions standards, cracking down on soot or particulate emissions. In response the car makers and suppliers have developed particulate filters, which have almost eliminated the soot emissions. Since diesel engines dominate much of European market, with over half of the market in Western Europe as a whole and as much as seventy percent in some areas, anything that improves diesels is likely to generate some pretty major revenue. A new report published by the consulting firm Frost and Sullivan is now projecting that the market for diesel particulate filters will hit €3.3 billion in the European market alone, more than double the €1.4 billion in sales in 2006. Right now diesels don't have much market share in the US market, but as the new clean diesels from companies like DaimlerChrysler, VW and Honda come here in the next couple of years, the sales will probably grow dramatically.
[Source: PR NewsWire via GreenCarCongress]
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