Automotive EVP (Electric Vacuum Pump) Market: Segmented: By Type (Diaphragm Type, Leaf Type, Swing Piston Type), By Application (Electric Vehicles, Gasoline/Diesel Vehicles), By Vehicle Type (Passenger Cars, Light Commercial Vehicles [LCV], Heavy Commercial Vehicles [HCV]), By Sales Channel (OEM, Aftermarket) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Automotive EVP (Electric Vacuum Pump) Market is expected to cross USD 2.3 billion by 2031 from USD 1.1 billion in 2021 at a CAGR of 7.8% in the coming years, i.e., 2021-31.
The electric vacuum pump is employed when the vacuum needed for the brake booster cannot or is not enough from the vehicle's propulsion engine. This is especially true for gasoline direct injection, diesel, and electric vehicles. Other engine parts including central locking systems, wastegate valves on the exhaust-gas turbocharger, and exhaust gas recirculation valves also require vacuum, which is provided by vacuum pumps.
Automotive EVP (Electric Vacuum Pump) Market is expected to project a notable CAGR of 7.8% in 2031.
The factors driving the Automotive EVP (Electric Vacuum Pump) Market include fuel efficiency and the increasing number of electric vehicles, as well as a greater emphasis on research and development activities by key players.
Diaphragm Type segment to grow with the highest CAGR during 2021-31
Based on Type, Automotive EVP (Electric Vacuum Pump) Market is fragmented into Leaf Type, Diaphragm Type, and Swing Piston Type. Due to its predominant use in sedans and SUVs, the diaphragm is the most lucrative category of the automotive electric vacuum pump market in terms of revenue. Diaphragm vacuum pumps are portable and have a small footprint. Additionally, they are popular in vehicles since they are simple to install into disc and drum brakes.
Passenger Cars segment to grow with the highest CAGR during 2021-31
Automotive EVP (Electric Vacuum Pump) Market is classified on the basis of Vehicle Type into Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV). Passenger Cars segment is expected to be at a significant growth rate in the market during the forecast period. Increasing funds by the premium car producers to manufacture new products with advanced qualities, and the increasing perforation of direct fuel insertion systems in vans and trucks are expected to drive the Automotive Electric Vacuum Pump Market growth over the forecast period.
Growing Demand for Automotive EVP Market
Acceptance of automotive EVPs has enhanced vehicle fuel effectiveness, which is driving the rise of the automotive EVP market. So, excess use of energy by mechanical pumps is skipped. On-demand pump service provides pump's capacity for longer duration service, as well as expands the motor's life. Absence of a mechanical pump lowers the load on the engine's lubrication, as the vacuum pump does not need additional oil. This helps to have compressed pump design for updating engine effectiveness. Advantage of this system is fuel conservation; enhancement of quality and it avoids the excess CO2 emission. Growing demand for mobility services worldwide, as well as rising alertness of global warming and vehicle safety, are driving the adoption of highly fuel-efficient vehicles with automotive EVPs.
Power Breaking Function and Straightforward Mounting Solutions Tend To Be Cost-efficient for Manufacturers
The automotive electric vacuum pump market is rather integrated. Expansion of new products in the market is a real challenge. An increasing amount of money required for research & development tends to be challenging, so market players have to launch well-trained and skilled engineers and developers. This s time taking process throughout product development. To sustain the competition in the automotive electric vacuum pump market is difficult for manufacturers, because this may lead to issues in design, configuration, and simulation. Reduction of engines is a remarkable swing in the market, with smaller engines being turbocharged.
Breaking System Is Predicted to Restrict Market Growth
When automotive EVPs fail, it leads to the issues with pressing brake pedal and insufficient vacuum generation. As OEM pumps are not made for an oily environment, they work for a short duration. To get harmony between pumps and oil, some amendments are needed. The components of the pump are essentially made for oil-free air cooling. Fast improvements in mechanical pumps, like capacity of giving more braking force and improvement of vacuum-free braking systems, are predicted to restrict the market\'s growth.
The Automotive EVP (Electric Vacuum Pump) Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is considered to be the leading share of the global automotive electric vacuum pump market, due to the high demand for electric vehicles in China. Asia Pacific is having significant rise in the acquisition of electric vehicles, especially in Japan, ASEAN, and India.
COVID-19 disease has started to spread around the globe in December 2019. Automotive EVP (Electric Vacuum Pump) industries have been affected. The global market size of Automotive EVP (Electric Vacuum Pump) in 2020 is not far more than 2019 due to COVID-19. As of the present situation, the market has overcome the pandemic, and the global Automotive EVP (Electric Vacuum Pump) market size will be increased in the forecast year as per prediction.
Automotive EVP (Electric Vacuum Pump) Market is further segmented by region into:
Hella has developed electrical vacuum pump for vehicle brake system, applicable for high efficiency engines, diesel, and super-charged engines, as well as hybrid or fully electric powertrains. New UP5 pumps have CO2 saving capacity more than mechanical pumps.
Automotive EVP (Electric Vacuum Pump) Market Segments:
|Market size value in 2021
|USD 1.1 billion
|Revenue forecast in 2031
|USD 2.3 billion
|CAGR of 7.8% from 2021 to 2031
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Type, Application, Vehicle Type, Sales Channel, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Continental AG, Dalain Haina New Energy Auto Parts Manufacturing Co., Ltd., HELLA GmbH & Co. KGaA, Johnson Electric, Magna International Inc., Toupo Group, Rheinmetall Automotive AG, Robert Bosch GmbH, Valeo SA, WABCO, Youngshin Precision, Co., Ltd., and Other Prominent Players.
Automotive EVP (Electric Vacuum Pump) Market size was estimated at USD 1.1 billion in 2021 and is expected to reach USD 2.3 billion in 2031.
An Automotive Electric Vacuum Pump enhances the performance of the engine. The camshaft of the engine powers it. Automobile braking systems receive servo help. It is used to considerably reduce the force needed to press down on the brake pedal in order to provide a particular braking effect.
The Passenger Cars segment is accounted to lead the Automotive EVP (Electric Vacuum Pump) market share.
Key players profiled in the Automotive EVP (Electric Vacuum Pump) Market include Continental AG, Dalain Haina New Energy Auto Parts Manufacturing Co., Ltd., HELLA GmbH & Co. KGaA, Johnson Electric, Magna International Inc., Toupo Group, Rheinmetall Automotive AG, Robert Bosch GmbH, Valeo SA, WABCO, Youngshin Precision, Co., Ltd., and Other Prominent Players.
The adoption of automotive EVPs has increased vehicle fuel efficiency, which is the main reason driving the market growth for Automotive Electric Vacuum Pumps. The adoption of extremely fuel-efficient automobiles fitted with automotive EVPs is accelerating due to the rising demand for mobility services around the world as well as increased awareness of global warming and vehicle safety.
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