Global Canister Purge Valve Market Research Report 2022

The canister purge valve is a vital part of the Evaporative Emission Control System (EVAP). The EVAP system seals the fuel system of your vehicle to prevent harmful fuel vapors from entering the environment. In particular, the canister purge valve is an emissions control component that allows the engine intake vacuum to take the exact amount of fuel vapors from the EVA canister into the engine intake manifold.

In newer model vehicles the purge valve is electrically operated solenoid controlled by the engine computer. When your engine is off the valve is closed. Once your engine is up and running the computer continuously and moderately opens the purge valve. This action allows fuel vapor to move from the charcoal canister to burn in the engine. A hose connects all of these parts to form the EVAP system. Like many automotive parts, dust and dirt can clog the canister. The purge valve can even crack from harsh conditions in the environment. If the purge valve fails, it can cause problems for the EVAP system which will negatively affect your car’s emission output level.
Market Analysis and Insights: Global Canister Purge Valve Market
Due to the COVID-19 pandemic, the global Canister Purge Valve market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, OEM Market accounting for % of the Canister Purge Valve global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Sedan segment is altered to an % CAGR throughout this forecast period.
North America Canister Purge Valve market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Canister Purge Valve include ACDelco, Genuine, Intermotor, Duralast, BWD, Bosch, Dorman, Delphi and Febi, etc. In terms of revenue, the global 3 largest players have a % market share of Canister Purge Valve in 2021.
Global Canister Purge Valve Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Canister Purge Valve Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
OEM Market
Aftermarket
Segment by Application
Sedan
SUV
Commercial Vehicle
Others
By Company
ACDelco
Genuine
Intermotor
Duralast
BWD
Bosch
Dorman
Delphi
Febi
Forecast
Kayser
Mopar
Motorcraft
OES Genuine
Original Equipment
Pierburg
Vaico
Vemo
Worldpac
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina

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