Global Automotive Evaporative Emission Control System Market was valued US$ XX Bn in 2018 and is expected to reach US$ 68.3 Bn by 2026, atCAGR of XX % during forecast period.
Global Automotive Evaporative Emission Control System Market
Increasing ambient temperature across the world that reflectto increase the fuel tank temperature, high tank temperature resulted inevaporation of the petrol. The increasing fuel losses and air pollution due toevaporative emission which will enhance the EVAP system market share during theforecast period. Increasing use of automotive systems to boost fuel economy andreduce fuel losses will drive automotive evaporative emission control (EVAP)system market growth. According to Plastic Fuel Tanks and Systems ManufacturersAssociation, approximately 15% of the hydrocarbon emissions originate fromevaporative sources.
Furthermore, the government concern and new policies onreducing evaporation which is volatile organic compound are influencing theproduct demand. Policy standards and government rules as California CARB areanalysis on reducing carbon monoxide, nitrogen oxide, and hydrocarbonspollution for refining air quality, that lift to EVAP system market growth incoming years. The research and development in the automotive sector to innovatecleaner technologies will be driving the automotive evaporative emissioncontrol system market share. Additionally increasing demand adaption of hybridand electric vehicles is one of the major concerns to industry slowdown duringthe forecast period.
OEM segment leads the automotive evaporative emissioncontrol system market share on account of advanced technological innovation andadoption of systems to adhere to vehicular pollution standards, andinstallation of EVAP systems to meet government regulations. Manufacturers areminimizing the component size to reduce weight and pollutants emissions. Also,the system providers are involved in designing components with a unique designfor environment and safety concerns rising the industry size. Aftermarketsegment will witness substantial growth over the study timeframe with theemergence of test procedures such as California Evaporative Emission Standardsand Test Procedures to monitor vehicle performance.