The global automotive active purge pump market size is poised to reach 1.3 bn by 2027 expand at a CAGR of more than 68% during the forecast period 2020 to 2027.
An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is used to control evaporative hydrocarbon emissions in the vehicle. It is a part of the evaporative fuel processing system introduced by Continental AG, as a new advanced solution to meet stringent hydrocarbon evaporation norms and legislation around the world. Necessity to curb emission owing to the rising pollution caused by vehicle across the globe. This growing emission concerns can be handled through incorporation of the automotive active purge pump in vehicles.
Governments of various nations around the world are constantly imposing stringent norms and regulation on the automotive industry in order to lower carbon emission, caused primarily due to gasoline or diesel vehicles. This is a major factor that is likely to drive the automotive active purge pump market during the forecast period. Gasoline fuel (petrol) is highly combustible and evaporates easily. The fumes exhausted contain benzene, when inhaled pose a health hazard. Furthermore, mega cities are witnessing increasing concerns about photochemical smog, which caused due to a combination of exhaust fumes and sunlight. Therefore, modern petrol vehicles have an on-board system to minimize hydrocarbon (HC) emissions. Increasing public preference and government emphasis and subsidies toward electric vehicles in recent years, due to emission concerns, is also expected to boost the global automotive active purge pump market during the forecast period.
Rise in awareness about emission and fuel efficiency among vehicle owners is projected to boost the automotive active purge pump market during the forecast period. In the transport sector, combustion of fossil fuels leads to poor air quality on highways and city roads. Currently, the quality of air in urban areas is an issue, owing to increased number of vehicles on a yearly basis. Urban air pollution is a serious issue, and according to the WHO, in 2014, more than half the global population lived in cities, and this number is anticipated to increase by 66% by 2050. Increasing focus of governments of several nations on curbing emission caused by vehicles and rising consumer preference for vehicles with low emission such as electric vehicles, which include battery operated electric vehicle, plug-in electric hybrid vehicle, and hybrid vehicle, are expected to boost the demand for automotive active purge pump during the forecast period.
Road transport is a major source of atmospheric pollution. Stringent exhaust emission regulations have been laid down by the European Union, mentioning certain mandatory requirements regarding emission in order to improve air quality. This is anticipated to boost the automotive active purge pump market during the forecast period. An automotive active purge pump offers several benefits, apart from extracting hydrocarbon emission from the canister, such as detection of hose off for emissions acquiescence, monitoring of on-board diagnosis for hydrocarbon evaporative leak detection, and pressure sensing. The automotive active purge pump is a modifiable product that can be customized according to end-user applications and systems and can enhance additional function and operation through integration of algorithms. This is a key factor that is projected to propel the automotive active purge pump market during the forecast period. Hybrid vehicles are gaining preference among buyers owing to low emission. This, in turn, is expect to drive automotive active purge pump market during the forecast period.
The Automotive Active Purge Pump market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Active Purge Pump market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Active Purge Pump market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Active Purge Pump market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Active Purge Pump market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Active Purge Pump capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Active Purge Pump by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Active Purge Pump market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Active Purge Pump market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Active Purge Pump market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Active Purge Pump industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Active Purge Pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Active Purge Pump market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Active Purge Pump market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Active Purge Pump market. These factors have benefited the growth of the global market for Automotive Active Purge Pump. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Active Purge Pump. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Some of the major players analyzed and profiles in this market include Allied-Nippon Limited, Akebono Brake Company, Robert Bosch Gmbh, Hitachi Chemical Co. Ltd., and Nisshinbo Holdings Inc. Many players are engaged in new product launches to gain competitive edge and serve larger consumer base.
In this study, the years considered to estimate the market size of Automotive Active Purge Pump are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: