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The IMARC Group provides extensive analysis of the spark plug industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on spark plug market share, size, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
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A spark plug represents an electrical device used to produce a spark for igniting the compressed fuel-air mixture present in the cylinder bore of an engine. It is made of a metal-threaded shell, ribs, hex, insulators, resistance, etc. When a high-tension current flow through the central electrodes of the device, the gas within the electrode gap is ionized to generate a spark. Some commonly found variants of these devices include hot and cold spark plugs with platinum, double platinum, copper, and iridium electrodes, which are widely utilized in several industries, including automotive, marine, aerospace, etc.
The expanding automotive industry across the globe, coupled with the increasing use of spark plugs for electrical, marine, and aerospace applications, is primarily fueling the spark plug market. Moreover, their growing utilization in petrol-based passenger vehicles, gasoline and natural gas powered-generators, jet skis, etc., is also catalyzing the product demand. Additionally, the platinum and iridium-based cold variants are gaining traction in high-performance engines for minimizing carbon emissions. Furthermore, the development of plasma core and Advanced Corona Ignition System (ACIS) variants is helping in reducing diesel engine vibrations, noises, smoke emissions, etc., for better drivability in harsh weather conditions. Besides this, the escalating adoption of miniaturized engines is further anticipated to drive the market growth for spark plugs over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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