Why automotive evaporative emission control system market is growing rapidly? Delphi Technologies, Robert Bosch, Standard Motor Products, Inc., Plastic Omnium, TI Automotive
Automotive evaporative emission control system market for OEM will hold a significant revenue share over the projected timeframe with incorporation of fuel evaporation control equipment in vehicles to qualify test and meet the standard. Development of innovative components such as brushless fuel pumps reduces vehicular pollution and power consumption. In addition, installation of advanced systems such as integrated electronic systems, and lightweight component play significant role in improving the fuel economy.
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Sensors accounted for a considerable volume share in the automotive evaporative emission control system market share on account of its higher usage in monitoring fuel and pressure level in tank. The component assists reducing petrol evaporation by monitoring engine temperature, intake air temperature, and exhaust oxygen content thereby enhancing the industry expansion.
1. Delphi Technologies
2. Didac International
3. Eagle Industry Co., Ltd.
4. Okay Motor Products Hangzhou Inc.
5. Padmini VNA Mechatronics Pvt Ltd
6. Plastic Fuel Systems
7. Robert Bosch
8. Sentec Group
9. Standard Motor Products, Inc.
10. Stant Corporation
North America automotive evaporative emission control system market will showcase significant growth over the forecast period owing to high concentration of vehicles manufacturers such as General Motors, Ford, and FCA US along with adoption of stringent environmental norms related to fuel emission. Organizations including EPA are emphasizing on vehicle maintenance programs and promotion of sustainable transportation driving the industry size.
Rising vehicular pollution from automotive evaporation along with increasing solar radiation is driving the automotive evaporative emission control system market. High diurnal emission from gasoline evaporation owing to temperature fluctuation during the day and night is escalating the product demand. Vehicle manufacturers are producing vehicles complying evaporation test methods and performance standards. Increasing product implementation in petrol vehicles will propel the industry size over the study timeframe.
Stringent regulations focusing on volatile organic compounds and hydrocarbon emissions is inducing significant growth potential in industry landscape. Regulatory bodies are reducing maximum discharge limit. For instance, Japan regulatory authority is planning to reduce evaporating limit from 2gm/test to 1,500 mg/test by 2020. Further, adoption of systems such as OBVR to control fuel evaporation will positively influence automotive evaporative emission control system market share.
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Major industry participants in the automotive evaporative emission control system market share includes Didac International, Delphi Technologies, TI Automotive, Eagle Industry Co., Ltd., Padmini VNA Mechatronics Pvt Ltd, Plastic Fuel Systems, The Plastic Omnium Group, Robert Bosch, Sentec Group, Stant Corporation, and Standard Motor Products, Inc.
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