Press release
Automotive Active Purge Pump Market: Major Trends Reshaping the Future of the Industry
Automotive Active Purge Pump
What Will the Automotive Active Purge Pump Industry Market Size Be by 2025?
The dimension of the automotive active purge pump industry has expanded significantly in the past few years. It is expected to have a leap from $3.21 billion in 2024 to $3.52 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The past growth can be acknowledged to the heightened awareness and legislation of environmental pollution, heightened demand for automobiles that produce fewer emissions, increased concentration on sustainability, growing public preference, and the amplified need for cleaner and more fuel-efficient passenger vehicles.
What's the Long-Term Growth Forecast for the Automotive Active Purge Pump Market Size Through 2029?
In the coming years, the market size for automotive active purge pumps is anticipated to experience significant expansion, with a projected value of $4.96 billion by 2029, fueled by a compound annual growth rate of 9.0%. This robust growth during the forecast period can be credited to a number of factors such as elevated sales of passenger cars, rising demand for DC motor-based active purge pumps in automobiles, an escalating requirement to curb hydrocarbon evaporation emissions, stringent pollution control regulations being put into place, and an increasing preference for more fuel-efficient and eco-friendly passenger vehicles. The forecast period is set to be characterised by major trends including technological improvements in emission control systems, innovative enhancements, a transition towards electrification and hybrid vehicles, heightened collaboration and partnerships, and a focus on sustainability and the reduction of environmental impact.
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What Are the Key Growth Drivers Fueling the Automotive Active Purge Pump Market Expansion?
A surge in the usage of electric and hybrid vehicles is set to fuel the expansion of the automotive active purge pump market. Electric vehicles operate entirely on battery-stored electricity, whilst hybrid vehicles merge a regular combustion engine with an electric one for propulsion. Compared to vehicles run on internal combustion engine (ICE), electric vehicles are responsible for zero tailpipe emissions, thus considerably cutting down greenhouse gases. Meanwhile, hybrids foster increased fuel efficiency and reduced emissions than conventional vehicles by blending traditional engines with electric power. Automotive active purge pumps control evaporative emissions, ensuring they meet strict environmental laws and boost overall vehicle effectiveness, thus gaining from the transition to greener transport technologies. For example, as per the U.S. Energy Information Administration, a government agency based in the US, in January 2024, combined sales of hybrid vehicles, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, an increase from 12.9% in 2022. As a result, the growing adoption of electric and hybrid vehicles is the key factor propelling the evolution of the automotive active purge pump market.
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What Are the Key Trends Driving Automotive Active Purge Pump Market Growth?
Leading businesses in the automotive active purge pump market are innovating by creating purged lip sealing chromatographic valves, offering superior sealing properties than traditional seals. These valves are a crucial component of the systems, enhancing emission control, reliability and operational efficiency. For instance, in February 2024, ASDevices, a Canadian firm specializing in gas analysis technologies and devices, unveiled a new, fully compatible plug-in purged lip sealing valve (PLSV) suited for all third-party conical rotary actuators. The valve encompasses an innovative purge system and unique design with a considerably smaller sealing surface area to completely eradicate all possible leaks, including inboard, outboard and cross-port leaks. The PLSV presents a groundbreaking analytical valve technology that extends the valve's lifespan, emulating the constant pressure drop and simplicity of a conical rotary valve.
How Is the Automotive Active Purge Pump Market Segmented?
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
Subsegments:
Here is the list following the requested format:
1) By Direct Current (DC) Motor: Brushed DC Motors, Brushless DC Motors
2) By Sensors: Pressure Sensors, Temperature Sensors, Flow Sensors
3) By Actuator: Electric Actuators, Pneumatic Actuators
4) By Valves: Solenoid Valves, Vacuum Valves
Subsegments:
1) By Direct Current (DC) Motor: Brushed DC Motors, Brushless DC Motors
2) By Sensors: Pressure Sensors, Temperature Sensors, Flow Sensors
3) By Actuator: Electric Actuators, Pneumatic Actuators
4) By Valves: Solenoid Valves, Vacuum Valves
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Which Companies Are Leading the Charge in Automotive Active Purge Pump Market Innovation?
Major companies operating in the automotive active purge pump market are Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Mitsubishi Electric Corporation, Aisin Corporation, Cummins Inc., Valeo S.A., Infineon Technologies AG, Marelli Holdings Co. Ltd., BorgWarner Inc., Vitesco Technologies Group AG, HELLA GmbH & Co. KGaA, Toyoda Gosei Co. Ltd., Agilent Technologies Inc, Rheinmetall Automotive AG, Johnson Electric Private Limited, TI Fluid Systems, Sogefi SpA, Mahle GmBH, Allient Inc, Eberspächer Gruppe GmbH & Co., Geotech Environmental Equipment Inc.
Which Regions Are Leading the Global Automotive Active Purge Pump Market in Revenue?
North America was the largest region in the automotive active purge pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive active purge pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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