Market Overview
According to the extensive market analysis, the Automotive Active Purge Pump Market has anticipated to grow significantly at a CAGR of 40% from 2022 to 2030. By the end of 2028, the market size can reach up to $ 192.29 million. The Automotive Active Purge Pump Market is an electrified solution to reduce the evaporated hydrocarbon emissions from an Automotive active pure pump car. The automatically activated purifier pump actively emits hydrocarbon-loaded air from the exhaust canister used to control the evaporated hydrocarbon emissions in the vehicle.
It is needed to prevent emissions due to the increasing pollution caused by vehicles around the globe. This growing emission concern can manage by incorporating automated active purifier pumps into vehicles. Due to Covid, most of the world's industries have been negatively affected over the past few months. The various precautionary lock downs may result in significant disruptions experienced by their respective production and supply-chain operations and other restrictions imposed by governing authorities. Therefore, the demand for fuel-efficient vehicles increased the Automotive Active Purge Market. However, the market demand increased by rapid growth in global passenger car sales, reduced hydrocarbon emissions, and stricter environmental regulations.
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Key Vendors
Continental AG (Germany), Agilent Technologies (U.S.), Robert Bosch GmbH (Germany), and Denso Corporation (Japan)
Market Segmentation
The global Automotive Active Purge Pump Market is divided based on components, components and manufacturing processes, sales channels, and vehicle types.
The market is divided based on materials including, metals and non-metals. Based on the components, the market is divided into DC motors, sensors, actuators, and valves.
Based on the manufacturing process, the Automotive Active Purge Market is divided into cutting, vacuum forming, and injection Molding.
The Automotive Active Purge Market is divided by OEM and aftermarket based on the sales channel. The market is further divided into passenger cars and commercial cars based on the type of car.
Regional Classification
Based on the region, the global Automotive Active Purge Pump Market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Europe has expected to dominate market growth due to Advanced technology development to control emissions and the availability of automotive components during the forecast period.
The European market has expected to witness higher growth due to European emissions regulations. Increasing vehicle sales in Europe and raising awareness about environmental protection will encourage them to retain maximum market share throughout the forecast period.
Report Attribute | Details |
Forecast Period | 2022 - 2030 |
Market Growth value | XX % CAGR |
Revenue forecast in 2022-2030 | USD XX billion |
Base year for estimation | 2021 |
Historical data | 2019 – 2020 |
Unit | USD Billion, CAGR (2021 – 2030) |
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Industrial News
Continental AG (Germany), Agilent Technologies (US), Robert Bosch GmbH (Germany), and Denso Corporation (Japan) are the key players in the Automotive Active Purge Pump Market .
Increasing demand for self-propelled active purge pumps will create opportunities for new entrants to the Automotive Active Purge Pump Market due to low investment in active purge manufacturing units. However, innovation and development related to hydrocarbon emissions products are challenges for the manufacturers.
The market growth could hinder by the increasing demand for battery-powered electric vehicles and the high cost of active purge pumps.
The DC motor can be responsible for the actions performed by the self-propelled active purge pump and, therefore, is expected to provide a lucrative opportunity. It has expected to drive the global Automated Active Purge Pump Market during the forecast period.
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