Automotive Active Purge Pump Market Future Prospects
The global automotive active purge pump market will generate an estimated revenue of USD 311.4 million in 2024, which is expected to witness a CAGR of 22.4% during 2024–2030, to reach USD 1,049.4 million by 2030. The rapid urbanization and increasing population drive the need to control the harmful emissions from vehicles. Amidst the shift of the world toward environmental sustainability, this factor is leading to the growth of the market.
Governments all over the world have implemented strict rules and regulations for integrating emission control systems into automobiles. The idea is to control the emission of harmful gases from vehicles, including benzene, which is toxic if breathed in. The reaction of the emitted harmful gases from vehicles with sunlight produces environment-depleting substances, such as ozone and fine particulate matter, forming a haze in the air.