Global Automotive Evaporative Emission Control System Market
Posted by Shubhangi Anuse on November 30th, 2019
Global Automotive Evaporative Emission Control System Market was valued US$ 43.9 Bn in 2017 and is expected to reach US$ 68.3 Bn by 2026, at CAGR of 5.68% during forecast period. Increasing ambient temperature across the world that reflect to increase the fuel tank temperature, high tank temperature resulted in evaporation of the petrol. The increasing fuel losses and air pollution due to evaporative emission which will enhance the EVAP system market share during the forecast period. Increasing use of automotive systems to boost fuel economy and reduce fuel losses will drive automotive evaporative emission control (EVAP) system market growth. According to Plastic Fuel Tanks and Systems Manufacturers Association, approximately 15% of the hydrocarbon emissions originate from evaporative sources.
Furthermore, the government concern and new policies on reducing evaporation which is volatile organic compound are influencing the product demand. Policy standards and government rules as California CARB are analysis on reducing carbon monoxide, nitrogen oxide, and hydrocarbons pollution for refining air quality, that lift to EVAP system market growth in coming years. The research and development in the automotive sector to innovate cleaner technologies will be driving the automotive evaporative emission control system market share. Additionally increasing demand adaption of hybrid and electric vehicles is one of the major concerns to industry slowdown during the forecast period.
OEM segment leads the automotive evaporative emission control system market share on account of advanced technological innovation and adoption of systems to adhere to vehicular pollution standards, and installation of EVAP systems to meet government regulations. Manufacturers are minimizing the component size to reduce weight and pollutants emissions. Also, the system providers are involved in designing components with a unique design for environment and safety concerns rising the industry size. Aftermarket segment will witness substantial growth over the study timeframe with the emergence of test procedures such as California Evaporative Emission Standards and Test Procedures to monitor vehicle performance.
The canister will account for a significant share in the automotive evaporative emission control system market size over the study timeframe. The product traps the vapours produced by the petrol evaporation contained in the fuel tank until getting soaked by the activated carbon. Component manufacturers are implementing EPDM foam in the canister to improve the adsorption efficiency for petrol. Adaption of high-efficiency components in the EVAP system will drive the segment penetration during the forecast period. The Asia Pacific is expected to lead the automotive evaporative emission control system market owing to growing vehicles production to meet consumer demand. Rising government initiatives for reducing vehicular pollution and clean transportation will induce significant growth potential in the EVAP industry. In September 2017, South Korea introduced the RDE test procedure for automobiles to measure emissions from petrol fuel vehicles.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Automotive Evaporative Emission Control System Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Automotive Evaporative Emission Control System Market.
Scope of Global Automotive Evaporative Emission Control System Market:
Global Automotive Evaporative Emission Control System Market, By Vehicle:
• Two Wheelers
Global Automotive Evaporative Emission Control System Market,By Components:
• Fuel Tank
• Gas cap
• Liquid vapour separator
• Control Valve
Global Automotive Evaporative Emission Control System Market, By Distribution Channel:
Global Automotive Evaporative Emission Control System Market, By Region:
• North America
• South America
• Middle East & Africa
Key Players Operated in Market Include:
• Delphi Technologies
• Didac International
• Eagle Industry Co., Ltd.
• TI Automotive
• Padmini VNA Mechatronics Pvt Ltd
• Plastic Fuel Systems
• Robert Bosch
• Sentec Group
• Standard Motor Products Inc
• Stant Corporation
• Plastic Omnium Group
• Okay Motor Products Hangzhou Inc.
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About the AuthorShubhangi Anuse
Joined: November 29th, 2019
Articles Posted: 69
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