The automotive active purge pump global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Active Purge Pump Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive active purge pump market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rising environmental pollution awareness and legislation, rising demand for cars with reduced emissions, increasing focus on sustainability, rising public preference, and growing demand for cleaner and more fuel-efficient passenger vehicles.
The automotive active purge pump market size is expected to see strong growth in the next few years. It will grow to $4.55 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing sales of passenger vehicles, increasing demand of DC motor based automotive active purge pump, increasing need to reduce the emissions hydrocarbon evaporation, increasing implementation of strict pollution control regulations, and growing demand for cleaner and more fuel-efficient passenger vehicles. Major trends in the forecast period include technical developments in emissions control systems, technological advancements and innovation, shift towards electrification and hybrid vehicles, increased collaborations and partnerships, and emphasis on sustainability and environmental impact.
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Scope Of Automotive Active Purge Pump Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Active Purge Pump Market Overview
Market Drivers –
The increasing adoption of electric and hybrid vehicles is expected to propel the growth of the automotive active purge pump market going forward. Electric vehicles run solely on electricity stored in batteries, while hybrid vehicles combine an electric motor with a traditional combustion engine for propulsion. EVs produce zero tailpipe emissions, significantly reducing greenhouse gases compared to internal combustion engine (ICE) vehicles, while Hybrids combine traditional engines with electric propulsion, leading to improved fuel efficiency and lower emissions compared to conventional vehicles. Automotive active purge pumps manage evaporative emissions, ensuring compliance with stringent environmental regulations and enhancing overall vehicle efficiency, thus benefiting from the shift towards cleaner transportation technologies. For instance, in January 2024, according to the U.S. Energy Information Administration, a US-based government agency, combined sales of hybrid vehicles, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) increased to 16.3% of total new light-duty vehicle (LDV) sales in 2023, up from 12.9% in 2022. Therefore, the increasing adoption of electric and hybrid vehicles is driving the growth of the automotive active purge pump market.
Market Trends –
Major companies operating in the automotive active purge pump market are developing purged lip sealing chromatographic valves to offer superior sealing capabilities compared to traditional seals. Purged lip-sealing chromatographic valves are integral to automotive active purge pump systems, enabling improved emission control, reliability, and operational efficiency. For instance, in February 2024, ASDevices, a Canada-based company specializing in gas analysis technologies and devices, launched an innovative plug-in purged lip sealing valve (PLSV) fully compatible with all third-party conical rotary actuators. The PLSV uses an innovative purge system and a reduced sealing surface area insert design to eliminate all leaks, including inboard, outboard, and cross-port leaks. The PLSV is a disruptive analytical valve technology that offers a longer lifetime than a diaphragm valve, along with the constant pressure drop and simplicity of a conical rotary valve.
The automotive active purge pump market covered in this report is segmented –
1) By Component: Direct Current (DC) Motor, Sensors, Actuator, Valves
2) By Material Type: Metal, Non Metal
3) By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding
4) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
5) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
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Regional Insights –
North America was the largest region in the automotive active purge pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive active purge pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive active purge pump market are Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Mitsubishi Electric Corporation, Aisin Corporation, Cummins Inc., Valeo S.A., Infineon Technologies AG, Marelli Holdings Co. Ltd., BorgWarner Inc., Vitesco Technologies Group AG, HELLA GmbH & Co. KGaA, Toyoda Gosei Co. Ltd., Agilent Technologies Inc, Rheinmetall Automotive AG, Johnson Electric Private Limited, TI Fluid Systems, Sogefi SpA, Mahle GmBH, Allient Inc, Eberspächer Gruppe GmbH & Co., Geotech Environmental Equipment Inc.
Table of Contents
1. Executive Summary
2. Automotive Active Purge Pump Market Report Structure
3. Automotive Active Purge Pump Market Trends And Strategies
4. Automotive Active Purge Pump Market – Macro Economic Scenario
5. Automotive Active Purge Pump Market Size And Growth
…..
32. Global Automotive Active Purge Pump Market Competitive Benchmarking
33. Global Automotive Active Purge Pump Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Active Purge Pump Market
35. Automotive Active Purge Pump Market Future Outlook and Potential Analysis
36. Appendix
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