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 Insights
Automotive Active Purge Pump Market size was valued at USD 3144.71 million in 2021 and is poised to grow from USD 3370.81 million in 2022 to USD 5874.47 million by 2030, growing at a CAGR of 7.19% in the forecast period (2023-2030).
An automotive active purge pump is an electrified option for reducing hydrocarbon evaporative emissions in a vehicle. An automobile active purge pump actively removes hydrocarbon-laden air from the exhaust manifold, which is used to manage the vehicle's evaporative hydrocarbon emissions. It is a component of Continental AG's evaporation fuel processing system, which was introduced as a new state-of-the-art solution to meet the strict hydrocarbon evaporation requirements and legislation worldwide. Due to the increasing pollution caused by vehicles worldwide, there is a need to reduce emissions. These growing pollution concerns can be addressed by installing automotive active purge pumps in vehicles.
Governments around the world are constantly imposing strict regulations and standards on the automotive and transportation industries to limit the rate of carbon emissions produced by diesel or gasoline cars. The above factors are expected to drive the automotive active purge pump market during the forecast period. Gasoline fuel (petrol) is highly flammable and evaporates rapidly. The fumes emitted after running out of gasoline contain benzene, which is harmful to health if inhaled. Also, photochemical smog is a major threat in megacities, produced by a combination of sunlight and exhaust emissions. As a result, modern gasoline-powered automobiles are equipped with on board technologies that reduce hydrocarbon (HC) emissions.
Additionally, increased popular desire towards the adoption of electric vehicles in recent years due to emission concerns, as well as government focus, is expected to drive the growth of the market for automotive active purge pumps in the coming years. Despite its various advantages, the automobile active purge pump has some disadvantages. Electric and battery powered vehicles, as well as their increasing sales in the coming years, are expected to limit the growth of the active purge pump market. Electric or battery powered vehicles produce no emissions and do not require an operating purge pump. The above reason is expected to hamper the demand for automobile active purge pumps.
US Automotive Active Purge Pump Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Automotive Active Purge Pump Market Report Snapshots
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