Automotive Active Purge Pump Market Trends

  • Report ID: 6429
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT

Automotive Active Purge Pump Market Trends

Growth Drivers

  • Improvement of fuel efficiency: Automakers are focusing on vehicle fuel consumption due to rising fuel prices and demand globally. According to the U.S. Energy Information Administration, global petroleum usage was around 97.26 million barrels in 2021. Therefore, active purge pumps are extensively used to improve the fuel-trimming process, enhancing fuel economy.

    During the ignition cycle, the pumps help recover evaporative fuel vapors from the charcoal canister so they may be recycled back into the engine. This guarantees that all hydrocarbons generated during fuel evaporation are used up. The car's active purge pumps ensure that all fuel entering the vehicle is thoroughly burned by extracting saturated vapors and pumping them into the combustion chamber.
  • Rapid shift towards electric vehicles (EVs): Major factors contributing to the popularity of EVs include cutting-edge battery technology, growing government incentives, and increasing environmental awareness. According to a 2021 report by the World Economic Forum, governments worldwide invested USD 14 billion, a 25% increase from 2019, to encourage the purchase of electric vehicles, primarily through more robust incentives in Europe.

    Active purge pumps are used to control emissions from the battery system in the EVs. Volatile organic compounds (VOCs) generated during battery charging and discharging cycles are controlled and extracted with the help of these pumps. They make electric vehicles lighter and more fuel-efficient and help reduce carbon impact.
  • Advancements in active purge pump technologies: In 2021, transportation-related CO2 emissions in the U.S. totaled 1.7 BMT - the highest from any sector of the country. The International Energy Agency expects global transport to double, demand for passenger and freight aviation to increase three times, and car ownership rates to spike by 60% by 2070. Although transportation emissions and carbon footprint will not be eliminated completely by 2070, the IEA expects many regions and countries, including the U.S., China, Japan, and the European Union, to have phased out conventional automobiles as early as 2040.

    The global shift toward stricter emission regulations offers the automobile active purge pump market a lot of potential. Automakers need to use more sophisticated purge pump technologies to help cars comply with these new emission regulations. Purge pump manufacturers are encouraged to expand their product range by integrating innovative and adaptable solutions tailored to specific vehicle classes and engine types. This approach allows for a more customized and specialized product offering that aligns with the unique requirements of different vehicles and engines.

Challenges

  • Constant need for modification and supply chain disruptions: Active purge pump technology must be modified for electric vehicles by solving particular engineering difficulties, such as controlling emissions in EV powertrains, unlike conventional internal combustion engines. Also, the supply chain can be disrupted in the automobile industry, impacting the availability of materials and components needed to manufacture active purge pumps. This can cause delays in production and delivery schedules.

Automotive Active Purge Pump Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

23.1%

Base Year Market Size (2024)

USD 295.6 million

Forecast Year Market Size (2037)

USD 2.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Saima Khursheed


  • Report ID: 6429
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT
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