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Europe automotive EVAP systems market to register significant growth over 2019-2025

Publisher : Fractovia | Published Date : 2019-07-17Request Sample

Increasing air pollution level across the globe have been propelling automotive evaporative emission control system market share. Pertaining to the harmful nature of evaporative emissions, governments have been implementing strict regulatory norms to install emission control systems in the vehicles. In accordance with this changing approach of automobile companies to mitigate air pollution by developing new technologies, automotive EVAP industry trends are likely to depict a major transformation.
 

U.S. Automotive Evaporative Emission Control System Market, By Vehicle, 2018 & 2025, (USD Million)
U.S. Automotive Evaporative Emission Control System Market, By Vehicle, 2018 & 2025, (USD Million)

 

The Environmental Protection Agency (EPA) aptly corroborated detrimental effects of fuel vapors. According to the EPA, evaporative emissions contribute substantially to air pollution, while also creating severe health risks for humans. Evaporative emissions are capable of polluting the ozone layer more severely than standard vehicle exhaust emissions, having a far more detrimental effect on the environment. Moreover, gasoline emits carcinogen content, which makes the EVAP fumes severely harmful for humans, making the requirement of EVAP systems rather necessary.
 

Fuel inside gas tanks evaporates easily, especially when outdoor temperatures are rising. Gasoline in fuel tank evaporates and leakages slowly through fuel system, releasing volatile organic compound (VOC) in the air, even when the vehicle is standing idle. In order to eliminate environmental and health risks associated with VOC, several government bodies across the world have been framing strict vehicle emission norms. These efforts are promoting widescale adoption of EVAP systems across the automotive sector, opening up remunerative avenues for automotive EVAP systems market size.
 

According to a study conducted by the University of Michigan, an overt factor responsible for a considerable amount of evaporative emissions is worn out and loose fuel caps. Emissions also showcased a tendency to increase as vehicles get older in terms of age and mileage. However, a major underlying factor responsible for evaporative emissions is high temperature, primarily because diffusion or permeation rates and vapor pressure increases with temperature.
 

Over the last few years, growing environmental concerns about climate change and global warming has turned out to be major driving factor for EVAP systems demand. The subsequent introduction of favorable eco-friendly regulations such as the Paris Agreement is projected to emerge as a major proponent for automotive EVAP systems industry growth. Under Paris Agreement, many countries have decided to implement emission control norms with an objective of clean environment.
 

In coming years Europe automotive evaporative emission control system market landscape is expected to account for a major portion of industry share pertaining to the strict regulatory scenario. For the record, the European Union has established a goal of achieving net-zero carbon and greenhouse gas emissions by 2050. Europe’s road transport sector plays a major role in the continent’s energy consumption. Under the net-zero emissions goal, the European Commission continues to further tighten emission limits for light commercial vehicles and passenger cars.
 

The proposed review of Europe’s Worldwide Harmonized Light Vehicles Test Procedure (WLTP) testing procedures, which is projected to come into effect by the end of 2019.  WLTP would be introducing major changes to the region’s mandatory EVAP tests, creating substantial growth opportunities for the Europe automotive EVAP systems market outlook.
 

Attributing to rising awareness surrounding different types of vehicle emissions and the introduction of stringent vehicle emission standards, automotive evaporative emission control system industry will experience lucrative business growth. In addition, driven by mandatory EVAP tests across prominent regions such as Europe, adoption of automotive EVAP systems is projected to keep on increasing during the forecast timeframe.
 

According to a research report by Global Market Insights, Inc., the automotive Evaporative Emission Control (EVAP) systems market size is slated to exceed an overall valuation of $65 billion by 2025.

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