Automotive Purge Valve Market by Application and Geography - Global Forecast 2022-2028

Global Automotive Purge Valve Market: About this market

A purge valve is a part of the evaporative emission control system in a vehicle, which allows fresh air to be drawn in through the canister (charcoal or carbon) to remove the harmful fuel vapor. automotive purge valve market analysis considers sales from both passenger vehicles and commercial vehicles. Our analysis also considers the sales of automotive purge valve in Europe, North America, South America, and MEA. In 2018, the passenger vehicles segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as a rise in sales of hybrid vehicles will play a significant role in the passenger vehicles segment to maintain its market position. Also, our global automotive purge valve market report also looks at factors such as environmental benefits of evaporative emission control systems, growing market for hybrid vehicles in APAC, regulatory standards on vehicular emissions. However, growing market for all-electric vehicles, reliability issues with purge valves leading to vehicle recalls, supply demand uncertainties in the automotive value chain may hamper the growth of the automotive purge valve industry over the forecast period.

Global Automotive Purge Valve Market: Overview

Regulatory standards on vehicular emissions

The growing environmental concerns and the shortcomings in the control of nitrous oxide and carbon monoxide emissions have led to the implementation of stringent emission standards over the years. Such emission standards are acting as a market driver, increasing the adoption rate of automotive purge valves. Governments in developed automotive markets such as North America and Europe are driving the deployment of stringent emission standards by putting a cap on the maximum permissible limits on harmful gases. Such regulatory norms and standards are driving the improvement and advances in the automotive evaporative emission control system market, which in turn, is expected to drive the automotive purge valve market at a CAGR close to 4% during the forecast period.

Advanced simulation techniques in evaporation emission control systems

Vendors and OEMs are incorporating superior evaporative emission control systems within vehicles' exhausts systems, for which advanced simulation and analysis techniques are being used. In most evaporative emission control systems, an activated carbon canister is used to extract hydrocarbon emissions from the tank. Currently, OEMs are looking to optimize the size of these carbon canisters for the storage of hydrocarbons with the growing use of forced induction systems (supercharger and turbocharger) in engines. For optimization, advanced simulation techniques are being incorporated. Thus, the use of such advanced techniques and simulation models is expected to drive the improvement in design and engineering of evaporative emission control systems, thereby boosting the revenue for the automotive purge valve market during the forecast period.

For the detailed list of factors that will drive the global automotive purge valve market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global automotive purge valve market is moderately fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive purge valve manufacturers, that include Agilent Technologies Inc., Continental AG, DENSO Corp., Eagle Industry Co. Ltd., and Robert Bosch GmbH.

Also, the automotive purge valve market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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