The report of Vehicle Activated Charcoal Canister Market By Vehicle Type (Passenger Vehicle, Commercial Vehicle), Sales Channel (OEM, Aftermarket), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn by 2027, at a CAGR of 3.7% during a forecast period.
Vehicle Activated Charcoal Canister is a system used for collecting hydrocarbon vapor emitted from fuel tank. Canister helps reuse of unburnt hydrocarbon, which is introduced during the running of engine, unburnt fuel flow back to canister then it will be converted into vapor reused as fuel. Thus, the canister increases fuel efficiency and life of engine.
The fuel is evaporated in the fuel tank, this evaporated fuel vapors are sent to the canister. Vehicle Activated Charcoal Canister stores this vapor and sent it to engine. Environmental pollution is a major concern around the world. Manufacturers are trying to find ways for more effective way to reduce pollution caused due to emission of vehicle. Vehicle Activated Charcoal Canister is a good solution for this problem.
Increasing ambient temperature and heat all over the globe is also rising temperature of vehicle fuel tank. As a result of this, fuel in fuel tank also get evaporated which tends to cause fuel loss. In case of a two-wheeler 2% to 3% fuel loss can be estimated due to high temperature. Increase in pollution and fuel loss is estimated to raise Global Vehicle Activated Charcoal Canister Market.
Governments all over the world signed various norms to reduce air pollution caused due to emission of vehicles’ fuel. Worldwide Harmonized light vehicle test procedure is used by region European region, countries in APAC like Japan, India, China, and South Korea made mandatory use of Harmonize test that will help in reduction of fuel emission and increase Global Vehicle Activated Charcoal Canister Market.
Increase in demand due to awareness in people to choose greener vehicle encouraged several customers to choose battery operated vehicle. Battery operated vehicle are free of emission, so they are environment friendly. Thus, they eliminated use for Vehicle Activated Charcoal Canister. This is a factor which is impacting growth of Global Vehicle Activated Charcoal Canister Market.
Global Vehicle Activated Charcoal Canister Market: Competitive Landscape
Continental AG in 2017 introduced a new fuel pump, ‘Active Purge Pump’, an innovative design electric pump to encounter severe hydrocarbon evaporation rules around the globe.
Hella GmbH & CO. KGaA is the company which is among top 40 suppliers of automotive components and products, and rank 100 among industrial companies in Germany. It is operated in 125 locations around 35 countries in the world.
Asia Pacific regions has dominance over the Global Vehicle Activated Charcoal Canister Market. Owing to surge in vehicle demand and stringent rules to control pollution in this region are rising the market of market. Government is also taking initiative to offer more clean transportation which is estimated to boost the market in Asia Pacific region. In Asia Pacific region, countries like China and India which are progressively developing, major concerns in these countries are increasing population with increase in vehicle demand, also contribute to vehicle emission problem which will rise market for Vehicle Activated Charcoal Canister. Europe region also holds a major share in the market as the European commission has implemented on road vehicle emission test well known as RDE (Real Driving Emission).
Key players operating in the Vehicle Activated Charcoal Canister Market are Didac International, Plastic Omnium, Delphi Technologies, Robert Bosch GmbH, Sentec Group, Stant Corporation, Ti Fluid Systems, Hella GmbH, Continental AG, Eagle Industries Co. Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Vehicle Activated Charcoal Canister Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Vehicle Activated Charcoal Canister Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Vehicle Activated Charcoal Canister Market positioning of competitors.
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