The Automotive Active Purge Pump Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Active Purge Pump Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
- Automotive Active Purge Pump Market Characteristics
- Automotive Active Purge Pump Market Trends And Strategies
- Automotive Active Purge Pump Market – Macro Economic Scenario
- Global Automotive Active Purge Pump Market Size and Growth
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32. Global Automotive Active Purge Pump Market Competitive Benchmarking
- Global Automotive Active Purge Pump Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automotive Active Purge Pump Market
- Automotive Active Purge Pump Market Future Outlook and Potential Analysis
- Appendix
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