Automotive Nitrous Oxide System Market Share & Growth [2031]

Report Description

Automotive Nitrous Oxide System Market Outlook 2031

The global automotive nitrous oxide system market was valued at USD 1.08 Bn in 2022 and is likely to reach USD 2.42 Bn by 2031, expanding at a CAGR of 9.4% from 2023-2031. The market growth is attributed to the rising adoption of nitrous oxide systems to get more oxygen in the engines.

The growing demand for powerful engines and high-performance-driven vehicles is driving the market.  An engine integrated with nitrous oxide burns fuel stems from the decomposition in the absence of air which helps to pump more automotive oxygen into the engine to increase its horsepower. In addition, NO2 helps in internal combustion and enhances the output of engines. Nitrous oxide acts as a carrier for oxygen to burn efficiently which increases the performance of engines and speed in real-time.

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Ongoing advancements in technologies for making carbon-free emission engines can create new opportunities for the market. The usage of nitrous oxide is very crucial as it has negligible emissions of greenhouse gases. It is mainly deployed in racing and high-performance vehicles to boost vehicle power instantly. 

The growing popularity of automotive sports and the demand for improved engine performance are expected to create new opportunities for the market.

Covid-19 Analysis

COVID-19 hampered the automotive nitrous oxide market due to strict lockdowns imposed by governments across the globe. Major automotive manufacturing companies had to shut down due to a lack of workers. Furthermore, governments across the globe, imposed lockdowns and strict regulations on import & export activities, resulting in a lack of raw materials. This hampered the demand for nitrous oxide in the automotive industry.

Automotive Nitrous Oxide System Market Dynamics

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Major Drivers

Rising demand for high-performance and upgraded engines in the automotive industry drives the market.  Nitrous oxide systems are usually used in drag racing and other motor sporting events.

The adoption of nitrous oxide is anticipated to increase R&D activities among the market manufacturers for developing carbon-free engines. Increasing usage of NO2 by driving and racing professionals in-vehicle systems to boost overall performance.

Increasing demand for racing sports cars and high-performance cars is boosting the market which results in more usage of nitrous oxide systems. The rise of sports events and enhancement in racing technology surged the demand for upgraded systems.

The major key players in the market are focusing on giving a seamless experience to their consumers while integrating the NO2 system. Many automobile manufacturers are constantly improving the lifespan of their engines due to the growing demand for high-horsepower engines. Such factors are projected to boost the growth in the market.

Existing Restraints

High purchasing and maintenance costs of NO2 systems hamper the global market.  NO2 integrated vehicles are expensive compared to conventional vehicles due to the usage of powerful horsepower engines enabled by more consumption of fuels such factors tend to hamper the market.

Overheating of the cylinders during the nitrous oxide induction can result in an explosion. With the rising safety concerns, some governments have limited the commercial use of NO2 in vehicles. This results in hindering the market growth.

Emerging Opportunities

The growing adoption of nitrous oxide for carburized engines is creating lucrative opportunities in the market. NO2 helps in enhancing the horsepower and performance of the engines. The growing popularity of automotive racing tracks and high-performance automotive vehicles can boost the demand for nitrous oxide. When the nitrous oxide system is not active, the vehicle can be used normally while reducing automotive fuel cell consumption which results in enhancing throttle value. It is necessary to do tuning or reprogramming of the control unit to ensure the normal operation of the nitrous oxide.

Increasing the demand for no emissions of greenhouse gases in the environment is expected to create new market opportunities. Manufacturers are developing more efficient automotive engines with the use of nitrous oxide, as it has the negligible release of carbon monoxide likely to be anticipated to boost the market.

Automotive industries across the globe are focusing on adopting advanced technologies to mitigate nitrous oxide emissions owing to strict government policies and emission guidelines.

Automotive Nitrous Oxide System Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Automotive Nitrous Oxide System Market Segment Insights

Type Segment Analysis

Based on type, the global automotive nitrous oxide system market is bifurcated into dry system and wet systems. The wet system dominates the market due to the growing usage of both nitrous oxide and fuel combinations in the engine.

Nitrous oxide has the capability of enhancing performance to a larger extent which has the reliability and longevity properties of automotive engines. These factors tend to boost the growth of the segment in the forecast period.

The dry segment is anticipated to hold significant growth in the forecast period and is expected to grow as a dry nitrous system is introduced through fuel injectors by keeping the manifold completely dry of fuel. The flow of fuel is enhanced by increasing the pressure of nitrous oxide in the systems. Dry nitrous oxide relies on nozzles that spray the nitrous in a single go, increasing the torque and high speed in real-time.

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Component Segment Analysis

In terms of component, the global market is segmented into carbureted plate systems, direct port systems, controllers, and electronic fuel injection systems. The carbureted plate systems segment is projected to grow at a considerable CAGR due to the growing popularity of customizing old vintage cars. Owners of vintage cars or customized automobiles with carbureted engines choose NO2 systems to increase their performance with nitrous oxide. With the growing vehicle customization activities, the demand for NO2 is expected to grow, resulting in segment growth.

The electronic fuel injection systems segment is anticipated to grow rapidly in the coming years, as it regulates and optimizes the fuel/air ratio that enters vehicle engines. The (EFI) systems are widely adopted by the automotive industry as they consist of sensors calibrated to boost the engine strength and efficiency to cut down gas consumption. For instance,

• In August 2023, Holley Inc., a leading platform serving performance automotive enthusiasts, announced the launch of its Sniper 2 electronic fuel injection (Sniper 2 EFI), a self-tuning, easy-to-install, EFI conversion for common 4-barrel style carburetors.

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Distribution Channel Segment Analysis

On the basis of distribution channel, the global automotive nitrous oxide system market is segmented into OEM and aftermarket. The aftermarket segment is expected to dominate the market owing to the newbie-friendly designs of the kits and customization. It is an affordable alternative for do-it-yourself consumers to increase the higher efficiency and boost the engines the notorious kit is installed which is cost-effective. Moreover, vehicle owners prefer aftermarket as it provides better customization of vehicles with new and advanced tools.

Regional Outlook

In terms of region, the global automotive nitrous oxide system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the regional segment owing to rising demand for NO2 system-installed vehicles for drag racing contests. According to a recent survey, the U. S. Nationals and Auto Club Finals have their race drivers increased by 50%. In addition, several official and unregistered motorsports are taking place in the region. There is significant demand for automobile nitrous oxide systems in the regional automotive industry owing to increasing numbers of formal racing activities. These factors are driving the growth of the region. For instances,

• In September 2021 NHRA Camping World Drag Racing Series took place in the NHRA Arizona Nationals in Phoenix, the Virginia NHRA Nationals in Richmond, and the NHRA Northwest Nationals in Seattle, which included 22 national events throughout the course of the season.

The market in Asia Pacific is expected to show lucrative growth in the coming years. The automotive industry in the region is expanding and high-performance engines with negligible emissions of carbons are making the pathway for manufacturers. Moreover, with the growing racing activities in countries such as Japan and India, the demand for nitrous oxide is expected to grow in the coming years. For instances,

• In August 2023, China became the world leader in automobile exports in the first six months. Chinese automakers exported 2.14 million vehicles from January to June, up 76% on the year, according to the China Association of Automobile Manufacturers (CAAM).

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