Automotive EVP Market Size, Share and Industry Analysis with Trends, Forecasts 2019-2025
Automotive EVP Market Size, Share and Industry Analysis By Type (Diaphragm Type, Leaf Type, Swing Piston Type), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By End User (EV Cars, Hybrid Cars, Diesel Vehicles, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), Competitive Market Share & Forecast, 2019 - 2025
Automotive EVP Market by Product Type, Vehicle Type, End User and Region - Global Opportunity Analysis and Industry Forecast, 2019 – 2025
The global automotive EVP market is expected to reach USD xxx million by 2025 from USD xxx million in 2018, at a CAGR of xx% during the forecast period. Global Automotive EVP market report covers market size, market share and market forecast by type, vehicle type, end user, regions, and key players, with historical data along with forecast from 2019 to 2025. The report covers an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis, revenue, sales and Porter's Five Forces Analysis.
Automotive EVP Market Outlook:
A vacuum pump is a device developed to eliminate gas molecules from a closed volume and leave a partial vacuum behind. This device is used to pull out gases and air from a sealed or cramped space due to which the space is left out of any gas and air molecules. When used in vehicles these vacuum pumps suck the air from the engine and reduces the air pressure that is created because of combustion gases going past the piston rings into the pan. Vacuum pumps are of two type, the traditional mechanical and the advanced electric pumps. The automotive electric vacuum pump market focuses the advanced electric vacuum pumps that not only increases the performance of the engine, but also enhances the engine’s life, adds horsepower and increases the safety function of the vehicles.
Electric vacuum pumps are ideal solution for the new and improved hybrid cars, electric vehicles (EVs), high-performance automobiles, neighbourhood electric vehicles (NEVs), as well as standard gasoline vehicles. These pumps are also used for sedans, SUVs, mini buses, and trucks. The electric vacuum pump has extraordinary degree of vacuum and is an ideal brake booster solution for both hydraulic brakes and pneumatic brakes. Compared to the mechanical pumps, the electric vacuum pumps are low maintenance and they switch off when the brakes are not applied. This saves the rate of fuel consumption and emission and also maintains the engine lubrication system as no extra oil is required for lubrication of the vacuum pumps. There are several advantages of electric vacuum pumps that is expected to increase its adoption in coming few years, which would gradually enhance the market size of the existing automotive electric vacuum pump market.
Automotive EVP Market Trends and Advancements:
The electric vacuum pumps act on demand and help reduce fuel consumption and emissions to allow savings of up to one gram CO2. The gasoline engines used currently are increasingly designed to run under throttle-back mode, which boosts their efficiency and reduces CO2 emissions. However, there is also a drawback in that vacuum build-up in the intake manifold is frequently poor. Though there are some loopholes, the vacuum variety is considered to be most reliable and cost-efficient way for brake boosting which motivates the implementation of advanced electric vacuum pumps. The necessary difference in pressure for brake boosters and the pneumatic system is increasingly being supplied by mechanical and electric vacuum pumps. The increasing number of pneumatic actuators makes the use of a vacuum pump to be necessary.
With today’s advanced engine technologies, the vacuum provided by the engine is not sufficient. Also, advanced engine technologies, such as hybrid or electric vehicles, are not capable of generating any vacuum pressure. Thus, global players operating in the automotive electric vacuum pumps market are conducting several research activities focusing on increasing efficiency of these vacuum pumps that can help enhance the fuel-saving and support the break boosters. Companies such as Hella, Bosch, Rheinmetall and many more are launching new vacuum pumps that can be used in the new and improved hybrid and electric vehicles. These advanced vacuum pumps, provides alternative or additional vacuum for the advanced vehicles and new automotive technologies and ultimately provides significant growth opportunities in the growing automotive electric vacuum pumps market.
Automotive EVP Market Drivers and Restraints:
The automotive electric vacuum pump market is mainly driven by rapid development in the vehicle manufacturing sector. Increasing demand for enhancing the fuel efficiency and saving gas is driving the demand for implementation of electric vacuum pumps in the vehicles. Continuous government initiatives to spread awareness regarding vehicle safety and global warming is leading the people to prefer highly fuel efficient vehicles equipped with electric vacuum pumps. The advantages of electric vacuum pumps such as durability, impressive performance, and power efficiency not only enhances its adoption but also helps the automakers and suppliers reduce the level of CO2 emissions which leads to meet the regulatory requirements. Moreover, the emergence of electric pumps for numerous types of vehicles including, electric vehicles, petrol based vehicles, and hybrid vehicles are also expected to fuel the growth of automotive electric vacuum pump market. However, compatibility issues and changing process of vehicle manufacturing are likely to have an impact on the development of electric vacuum pump and thus, restrain the growth of the market during the forecast period.
Automotive EVP Market Segmentation and Geographic Outlook:
The automotive EVP market is segmented on the basis of type, vehicle type, end user and geography. On the basis of type, the market is segmented into diaphragm type, leaf type, swing piston type. Based on vehicle type, the market is segmented into passenger vehicle and commercial vehicle. On the basis of end user, the market is divided into EV cars, hybrid cars, diesel vehicles, and others. Geographic breakdown and deep analysis of each of the segments mentioned above is included for North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific led the automotive EVP market due to the increasing adoption of hybrid and electric vehicles across the emerging countries in this region. Increasing demand for vehicle safety, changing government regulation with vehicle manufacturing process, increasing rate of adoption of electric vehicles, and presence of major automotive manufacturers in countries such as India, Chin, and South Korea are likely to drive the automotive electric vacuum pump market in the Asia-Pacific region during the forecast period.
Automotive EVP Market Competitive Landscape:
As the demand for electric vehicles is growing, number of companies operating in the automotive EVP market are focusing on developing and launching new products for their consumers. For instance, in 2016 Hella launched its electrically driven vacuum pump UP5.0 for vehicle brake systems. Additionally, companies are conducting research activities and strategic collaborations to enhance their product offerings and expand their presence in the global automotive electric vacuum pump market. Such activities enables the companies to gain a competitive edge and acquire a significant market share in the global automotive EVP market.
A comprehensive and competitive analysis of market leaders is provided in this report. Some of the major players operating in the global automotive EVP market include HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Youngshin Precision, Co. Ltd., MS Motorservice International GmbH, Continental, Tuopu Group, VIE Group, among others.
What you get from the Automotive EVP Market Research Report:
· The study provides an in-depth analysis of the Automotive EVP market with current and future trends to explain the imminent investment pockets in the market
· Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market
· The report provides information regarding key drivers, restraints and opportunities with impact analysis
· Quantitative analysis of the current market and estimations through 2018-2025 are provided to showcase the financial caliber of the market
· Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market
· Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
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