Rising carbon emissions by vehicles and awareness regarding the ill-effects of air pollution will bolster automotive EVAP system market forecast in the coming years. The temperature of fuel tank increases from different sources such as exhaust system and engine, leading to evaporation. Additionally, rising fuel evaporation during vehicle parking, refueling and operation will magnify the industry penetration.
Strict regulations levied by the government and other regulatory authorities pertaining to fuel evaporation will boost global Automotive Evaporative Emission Control (EVAP) System market trends. The U.S. government has implemented regulations such as EPA stage II and CARB LEVII with an aim to improve air quality. Furthermore, the Ministry of Infrastructure and Transport (MLIT), Ministry of Environment (MOE) and the Ministry of Land in Japan have set limits for automotive evaporative emission.
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Initiatives undertaken by international organizations such as UNECE and EPA to reduce levels of fuel evaporation will drive the global Automotive Evaporative Emission Control (EVAP) System Market demand over the forecasted period. 40 CFR part 1066 provides regulations for testing procedures to measure evaporative, exhaust and refueling operations.
Is high disposable income among people steering automotive Automotive Evaporative Emission Control (EVAP) System Market trends?
Widespread demand for passenger vehicles (PCV) owing to the rise in disposable incomes and living standards among people across the globe will complement automotive evaporative emission control system market share over the coming years. As per OICA, PCV production increased by approximately 11% in the year 2017 as compared to 2013.
Stringent rules set by governments is steering the product demand. In October 2018, Government of India declared to shift towards BS VI standard by April 2020. The development of road infrastructure and the advantages such as improved comfort level, fuel efficiency, and improved safety will reinforce automotive EVAP system market outlook.
How will surging adoption of sensors influence automotive evaporative emission control system market?
In terms of components, sensors will emerge as a profitable revenue terrain over the years owing to the usage of the product to monitor pressure and the level of fuel in the tank. Pressure and level sensors check that the pressure levels do not exceed the threshold limit and the vapors are transferred to the engine intake manifold.
The component helps in reducing the evaporation of petrol by monitoring intake air temperature, temperature of the engine and exhaust oxygen content. Additionally, in order to check vapor transfer, purge sensors are installed.
Will stringent government regulations contribute towards automotive EVAP system industry forecast?
OEM distribution channel leads the global Automotive Evaporative Emission Control (EVAP) System Market share due to the installation of the system to meet the regulatory standards set by the governments. Manufacturers are aiming to reduce the size of components to minimize the weight of the vehicle and control vehicular emission levels.
Additionally, the system providers are involved in designing components carrying unique designs to safeguard the environment, thereby escalating automobile EVAP market forecast.
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What are the major factors propelling North America automotive EVAP system market share?
North America is expected to evolve as one of the most significant regional grounds for automotive evaporative emission control system market. The prevalence of leading automobile manufacturing companies such as Ford, General Motors and FCA US along with stringent norms regarding fuel emissions will furthermore amplify product penetration.
Organizations such as EPA are emphasizing vehicle maintenance programs and the adoption of sustainable modes of transportation is fueling the industry size.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition & forecast parameters
1.2. Data Sources
Chapter 2. Automotive Evaporative Emission Control (EVAP) System Market Summary
2.1. Automotive evaporative emission control system industry 3600 synopsis, 2013 – 2025
2.1.1. Business trends
2.1.2. Vehicle trends
2.1.3. Components trends
2.1.4. Distribution channel trends
2.1.5. Regional trends
Chapter 3. Automotive Evaporative Emission Control (EVAP) System Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
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