Automotive EVAP Systems Market to exceed $65bn by 2025

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Automotive EVAP Systems Market to exceed 65bn by
2025
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Key Insights from Automotive EVAP Systems Market

• Automotive EVAP Systems Market is estimated to
  exceed USD 65 billion by 2025 according to a new
  research report by Global Market Insights, Inc.
  Increasing vehicular emissions along with rising
  awareness regarding air pollution will drive the
  automotive EVAP systems market over the forecast
  period.
• Fuel tank temperature further increases with the
  heat coming from various sources including
  exhaust system and engine leading to evaporation.
  Moreover, escalating fuel evaporation during
  vehicle parking, operation and refueling are
  inducing significant potential for industry
  proliferation.
• Stringent government regulations pertaining to
  fuel evaporation will escalate the automotive
  EVAP systems market size. In North America, the
  U.S. government implemented regulations including
  CARB LEVII and EPA stage II to improve the air
  quality.

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Continued

• Ongoing initiatives by international organization
  such as EPA, UNECE, to reduce fuel evaporation
  will escalate the automotive EVAP systems market
  share over the projected timeframe. For instance,
  40 CFR part 1066 provides regulations for the
  required testing procedures for measuring
  exhaust, evaporative, and refueling operations.
  Emergence of vehicle testing procedures for
  vehicular pollution will positively influence the
  industry size.
• Passenger cars hold significant share in the
  automotive EVAP systems market size owing to
  rising vehicle production. According to OICA, in
  2017, the PCV production increased by around 11
  as compared to 2013.

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Latest Research Report On Automotive EVAP Systems
Market_at_ https//www.gminsights.com/industry-analys
is/automotive-evaporative-emission-control-evap-sy
stem-market Request for a sample of this
research report _at_ https//www.gminsights.com/reque
st-sample/detail/3222
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U.S. Automotive Evaporative Emission Control
System Market, By Vehicle, 2018 2025, (USD
Million)

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Major Companies Automotive EVAP Systems Market

• Eagle Industry Co
• Delphi Technologies
• Didac International
• TI Automotive
• Plastic Fuel Systems
• Padmini VNA Mechatronics Pvt Ltd

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Industry Coverage

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Regional Insights in Automotive EVAP Systems
Market

• Latin America will hold a considerable revenue
  share in the automotive EVAP systems market size
  on account of increasing concern to reduce fuel
  evaporation along with implementation of
  stringent international policies to curb air
  pollution. Further, countries such as Mexico is
  emerging as key destination for automotive
  investments. Companies such as Nissan, Delphi,
  General Motors, Continental, and Volkswagen are
  establishing their RD center and engineering
  plants in Mexico thereby escalating the regional
  growth.
• OEM segment leads the automotive EVAP systems
  market share owing to installation of EVAP
  systems to meet government regulations.
  Manufacturers are minimizing the component size
  to reduce weight and vehicular emissions.
  Moreover, the system providers are involved in
  designing components with unique design for
  environment and safety concerns escalating the
  industry size.

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