The Evolution and Future Outlook of the Evaporative emission system...

The Evolution and Future Outlook of the Evaporative emission system Market Growth Opportunities, Analysis of Growth Drivers, Industry Trends, and Technological Advancements

Posted 2023-07-11 11:18:43

Market highlights

Global Evaporative emission system market size is anticipated to register a CAGR of 4% between 2023 and 2030 to reach an approximate value of USD 70213.2 Million by 2030. The vehicle's fuel system is sealed by the evaporative emission control (EVAP) system to stop fuel vapours from the fuel tank and fuel system from escaping into the atmosphere.

This is crucial because different types of hydrocarbons might be found in fuel vapours. As hydrocarbons interact with the air and sunlight, smog is created. Gasoline EVAPorates very quickly, so if the fuel system is open to the atmosphere a vehicle can pollute 24 hours per day without even being turned on. A vehicle's unchecked evaporative emissions can make up as much as 20% of its overall pollution output.

Key players

The Major Automotive Evaporative Emission Control System Market Key Players are as follows:

SenTec Group (Switzerland)
The Plastic Omnium Group (France)
Eagle Industry Co., Ltd. (Japan)
TI Automotive (UK)
Plastic Fuel Systems (China)
Delphi Technologies (UK)
Didac International (India)
Padmini VNA Mechatronics Pvt Ltd (India)
Stant Corporation (Indiana)
Robert Bosch GmbH (Germany)
Okay Motor Products Hangzhou Inc. (China)
Standard Motor Products Inc. (US)

The global Evaporative emission system market can be segmented based on component, vehicle type, sales channel, and region. Based upon component, the Evaporative emission system market can be bifurcated into fuel tank, vent hoses, purge valve/sensor, EVAP canister, fuel tank pressure sensor, liquid-vapor separator, fuel level sensor, and gas cap.

Based on vehicle type, the Evaporative emission system market can be classified into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and Two-wheelers. The passenger vehicle segment is anticipated to grow at a significant rate in the coming years. In terms of sales channel, the global Evaporative emission system market can split into OEM and aftermarket. The OEM distribution channel segment held a significant share in the global market in 2019.

The Automotive Evaporative Emission Control System (EVAP) market can be classified into the following regions:

North America: This region is a significant market for automotive EVAP systems due to strict emission regulations implemented by the Environmental Protection Agency (EPA) in the United States and Canada.

Europe: The European Union (EU) has set strict emission standards for automobiles, making it an essential market for automotive EVAP systems.

Asia-Pacific: This region is expected to experience significant growth in the automotive EVAP system market due to the increasing demand for vehicles and the strict emission regulations implemented by countries such as China, Japan, and India.

Latin America: The market for automotive EVAP systems in Latin America is expected to grow due to the increasing demand for automobiles and the implementation of strict emission regulations by governments.

Middle East and Africa: This region is also expected to witness growth in the automotive EVAP system market due to the increasing demand for automobiles and the implementation of strict emission regulations by governments.

The scope of a report on the Automotive Evaporative Emission Control System (EVAP) market would typically include:

Market Overview: A brief introduction to the Automotive EVAP System market, including the market size and forecasted growth rate.

Market Dynamics: An analysis of the drivers, restraints, and opportunities that are expected to influence the Automotive EVAP System market's growth during the forecast period.

Market Segmentation: A detailed analysis of the Automotive EVAP System market by component type, vehicle type, and geography. This section would typically include a breakdown of the market share by region and a forecast of the market growth for each segment.

Competitive Landscape: An analysis of the key players operating in the Automotive EVAP System market, including their market share, product portfolio, and business strategies. This section would typically include a SWOT analysis of the key players.

Company Profiles: Detailed profiles of the top companies operating in the Automotive EVAP System market, including their financial information, product offerings, and recent developments.

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