ID: MRFR/AM/4797-HCR | February 2021 | Region: Global | 100 pages
Automotive active purge pump market has been witnessing remarkable growth; expected to grow with the CAGR of 40%.
The increase in demand for fuel-efficient vehicles also increases the demand for active purge pump systems. Rapid increase in the passenger car sales worldwide, increase in demand to reduce hydrocarbon emissions and stringent environment regulations increase the demand for the market.
An active purge pump is an electromechanical device used to reduce the hydrocarbon evaporative emissions from the vehicle. It actuates the flow of fuel vapors from an evaporative emission canister and controls the purge flow. An active purge pump uses motor, vapor canister and valve assembly to provide pressurized air to the engine, removing fuel vapor from the canister. Continental AG has introduced active purge pump, which is a part of evaporative fuel processing system to overcome stringent hydrocarbon evaporation norms and legislation across the globe. An automotive active purge pump has various functions such as hydrocarbon evaporative leak detection, air pressure detection, and hose off emission detection. The stringent regulations regarding emissions would raise the demand for active purge pumps.
The increase in demand for automotive active purge pump will create opportunities for the new entrants in the market due to low investment for active purge manufacturing unit. However, innovation and development regarding the hydrocarbon emission products is the major challenge for the manufacturers. However, the increase in demand for battery-operated electric vehicles and the high prices of active purge pumps may hamper the market growth.
The prominent players in the automotive active purge pump market include Continental AG (Germany), Agilent Technologies (U.S.), Robert Bosch GmbH (Germany), and Denso Corporation (Japan).
The global automotive active purge pump market is segmented based on material, components, and manufacturing process, sales channel and vehicle type. On the basis of material the market has been segmented by metal, and non-metal. On the basis of components the market has been segmented by DC motor, sensors, actuator, and valves. On the basis of manufacturing process the market has been segmented by cutting, vacuum forming, and injection molding. On the basis of sales channel the market has been segmented by OEM and aftermarket. On the basis of vehicle type the market has been segmented by passenger car and commercial vehicle.
Geographically, the global automotive active purge pump market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the rest of the world. Europe is expected to dominate the growth of the market during the forecast period followed by the Asia-Pacific. In Europe Development of advance technology to control emission and availability of automotive parts fuels the demand for automotive active purge pump market during the forecast period. The market in Europe is also expected to witness a high growth owing to European emission norms. Increase in the sales of vehicles in the Europe and increased awareness regarding the environment safety will further encourage them to hold the highest market share throughout the forecast period.
The report for global automotive active purge pump market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||40% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Components, Manufacturing, Sales Channel, Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Continental AG (Germany), Agilent Technologies (U.S.), Robert Bosch GmbH (Germany), and Denso Corporation (Japan).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The automotive active purge pump market can thrive at 11% CAGR by 2023.
By 2023, the automotive active purge pump market can value at decent figure.
Agilent Technologies (U.S.), Denso Corporation (Japan), and Robert Bosch GmbH (Germany) are reputed names in the automotive active purge pump market.
The inclination of automakers towards effective control emission systems can impel the global market of automotive active purge pumps.
MRFR findings can reveals that Europe is expected to hold the pole position in the automotive active purge pump market.