What's Driving the Automotive Evaporative Emission Control System Market Growth? Delphi Technologies, Robert Bosch, Standard Motor Products, Inc., Plastic Omnium, TI Automotive, Padmini VNA Mechatronics Pvt Ltd
The proposed review of Europe's Worldwide Harmonized Light Vehicles Test Procedure (WLTP) testing procedures, which is projected to come into effect by the end of 2019. WLTP would be introducing major changes to the region's mandatory EVAP tests, creating substantial growth opportunities for the Europe automotive evaporative emission control system market outlook.
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Attributing to rising awareness surrounding different types of vehicle emissions and the introduction of stringent vehicle emission standards, automotive evaporative emission control system market will experience lucrative business growth. In addition, driven by mandatory EVAP tests across prominent regions such as Europe, adoption of automotive EVAP systems is projected to keep on increasing during the forecast timeframe.
The global automotive evaporative emission control system market is estimated to register a commendable growth rate over the ensuing years, on account of the growing air pollution levels worldwide. Air quality is deteriorating day by day posing a huge risk to the environment, human health, and food security. Fuel evaporative emissions undeniably, are a significant contributor to global air pollution levels. The gasoline in the fuel tank gradually evaporates over time, contaminating the air with VOCs (Volatile Organic Compounds).
According to the Environmental Protection Agency, there are enough cases of such emissions to contribute to air pollution and pose a risk to environmental and human life. The fuel injected in a car consists of over 150 chemicals including toluene, benzenes and even lead, which can cause headaches, breathing issues, and in worst cases result in death. Hence, it is vital for carmakers to install EVAP systems in their models to control fuel evaporation, which would help expand the global automotive evaporative emission control system market size.
In terms of regional growth, the Latin America market held considerable revenue share owing to rising concerns pertaining to fuel evaporation paired with the imposition of supportive international policies to control air pollution. According to an assessment released by UN Environment and the Climate and Clean Air Coalition, poor air quality and climate change are taking a toll on vulnerable population and environment within the Americas, leading to premature deaths, ecosystem damage, and crop yield losses.
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Brazil, which is the fourth largest vehicle market in the world differs from larger economies in terms of policies to promote vehicle-efficiencies. However, the government in these nations and other key vehicle markets in Latin America are working to adopt international best practices regarding emission control to the local economic and policy context. Successful implementation of regulatory practices would further augment the Latin America automotive evaporative emission control system market share in the coming years.
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