Automotive Active Purge Pump Market Driven By Technological Advancements In Evaporative Emissions Control
The Automotive Active Purge Pump Market manufactures pumps that are used to purge hydrocarbon vapors from a vehicle's evaporative emissions system. Active purge pumps are electronically controlled pumps installed in vehicles to expel gasoline fumes from the charcoal canister and allow fresh air in. They play a vital role in reducing vehicle emissions by lowering the concentration of fuel vapors in the evaporative emissions control system.
The Global Automotive Active Purge Pump Market is estimated to be valued at US$ 283.94 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Automotive Active Purge Pump are Continental AG, Denso Corporation, Vitesco Technologies, Hyundai Kefico, Agilent Technologies, Robert Bosch GmbH, Rheinmetall Automotive, Sauermann, TSURUMI AMERICA INC., HELLA GmbH & Co. KGaA, Dial Manufacturing, Inc., Marelli Corporation, Akebono Brake Company, Allied-Nippon Limited, Hitachi Automotive Systems Ltd., Aruba ClearPass. Growing demand for vehicles and strict emission norms are fueling the demand for automotive active purge pumps. The market is also witnessing expansion in North America, Europe, and Asia Pacific with growth in vehicle production and sales.
Market Drivers
The key driver for the Automotive Active Purge Pump Market Size is the widespread implementation of stringent emission norms globally. Vehicles are now mandated to comply with prevalent evaporative emission standards to curb air pollution. Automakers are incorporating active purge pumps as standard components in new vehicles to meet these regulatory norms. Technological advancements like active purge controls and improved diagnostics are further augmenting the adoption of active purge pumps. Automakers are also focusing on developing compact and energy-efficient active purge pumps with long service life to optimize evaporative emissions control. This is expected to drive continuous product innovation and growth in the market during the forecast period.
Geopolitical Impacts on Automotive Active Purge Pump Market Growth
The current geopolitical uncertainties are negatively impacting the growth of the automotive active purge pump market. The ongoing Russia-Ukraine conflict and supply chain disruptions due to pandemic are hampering automotive production globally. Many automakers had to temporarily halt production due to component shortage. The rising raw material prices and energy costs are increasing the overall operating expenses for automotive manufacturers. This is diminishing their investment capabilities in new product development including active purge pumps. Additionally, declining vehicle sales in major markets like Europe and China due to economic downturn are limiting the demand growth of active purge pumps.
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