Product ID: SQMIG25A2067
Global Automotive Active Purge Pump Market Size, Share, Growth Analysis, By Vehicle Type(Commercial Vehicle and Passenger Vehicle), By Component(Sensors, DC Motor) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2067 |
Region:
Global |
Published Date: February, 2024
Pages:
209
|
Tables:
62 |
Figures:
75
Global Automotive Active Purge Pump Market Dynamics
Automotive Active Purge Pump Market Driver
- Increasing sales of passenger vehicle
As passenger vehicles account for a larger share of sales as compared to commercial vehicles, the demand for automotive active purge pumps increases. For example, passenger vehicle sales account for nearly 75% of total vehicle sales. As a result, growing passenger vehicle sales are driving the demand for automotive active purge pumps, which is expected to increase the market growth rate during the forecast period.
- Increasing demand for DC motor-based automotive active purge pump
The presence of DC motors in automotive active purge pumps is expected to drive market growth as it is an important component for the movement of automotive active purge pumps. A brushless DC motor is the key component to power an automobile active purge pump. Also, the high cost of brushless DC motors is an important driver for the significant growth of the market. Consequently, the DC motors market is expected to expand significantly during the forecast period.
Automotive Active Purge Pump Market Restraint
- Disadvantages of automobile active purge pump
Increasing sales of electric and battery-powered vehicles is estimated to hamper industry growth during the forecast period. Battery-powered or electric vehicles produce no emissions and do not require an operating purge pump. Consequently, all these factors are expected to hamper the demand for automotive active purge pumps during the forecast period.
Global Automotive Active Purge Pump Market Report Snapshots
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