Global automotive evaporative emission control system market is slated to depict a valuation of 65 billion by 2025, 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).
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Increasing air pollution level across the globe have been propelling automotive evaporative emission control system market share. Pertaining to the harmful nature of evaporative emissions, governments have been implementing strict regulatory norms to install emission control systems in the vehicles. In accordance with this changing approach of automobile companies to mitigate air pollution by developing new technologies, automotive EVAP industry trends are likely to depict a major transformation.
Fuel inside gas tanks evaporates easily, especially when outdoor temperatures are rising. Gasoline in fuel tank evaporates and leakages slowly through fuel system, releasing volatile organic compound (VOC) in the air, even when the vehicle is standing idle. In order to eliminate environmental and health risks associated with VOC, several government bodies across the world have been framing strict vehicle emission norms. These efforts are promoting widescale adoption of EVAP systems across the automotive sector, opening up remunerative avenues for automotive evaporative emission control system market size.
According to a study conducted by the University of Michigan, an overt factor responsible for a considerable amount of evaporative emissions is worn out and loose fuel caps. Emissions also showcased a tendency to increase as vehicles get older in terms of age and mileage. However, a major underlying factor responsible for evaporative emissions is high temperature, primarily because diffusion or permeation rates and vapor pressure increases with temperature.
Over the last few years, growing environmental concerns about climate change and global warming has turned out to be major driving factor for EVAP systems demand. The subsequent introduction of favorable eco-friendly regulations such as the Paris Agreement is projected to emerge as a major proponent for automotive evaporative emission control system market growth. Under Paris Agreement, many countries have decided to implement emission control norms with an objective of clean environment.
Europe automotive evaporative emission control system market landscape is expected to account for a major portion of industry share pertaining to the strict regulatory scenario. For the record, the European Union has established a goal of achieving net-zero carbon and greenhouse gas emissions by 2050. Europe’s road transport sector plays a major role in the continent’s energy consumption. Under the net-zero emissions goal, the European Commission continues to further tighten emission limits for light commercial vehicles and passenger cars.
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Partial Chapter of the Table of Content
Chapter 4. Automotive Evaporative Emission Control System Market, By Vehicle
4.1. Global Market share by vehicle, 2018 & 2025
4.2.1. Global market estimates and forecasts, 2013 – 2025
4.2.2. Market estimates and forecast, by region, 2013 – 2025
4.3.1. Global market estimates and forecasts, 2013 – 2025
4.3.2. Market estimates and forecast, by region, 2013 – 2025
4.4.1. Global market estimates and forecasts, 2013 – 2025
4.4.2. Market estimates and forecast, by region, 2013 – 2025
4.5. Two Wheelers
4.5.1. Global market estimates and forecasts, 2013 – 2025
4.5.2. Market estimates and forecast, by region, 2013 – 2025
Charts & Figures
FIG 1 Automotive Evaporative Emission Control System Market segmentation
FIG 2 Industry landscape, 2013 – 2025 (Thousand Units) (USD Million)
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis
FIG 5 Porter’s analysis
FIG 6 PESTEL analysis
FIG 7 Market share by vehicle, 2018 & 2025
FIG 8 Market share by components, 2018 & 2025
FIG 9 Market share by distribution channel, 2018 & 2025
FIG 10 Automotive Evaporative Emission Control System Market share by region, 2018 & 2025
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