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Automotive Vapor Canister Market Segmented By absorbing material that is Charred Wood Powder, Activated Carbon Powder, Ethylene Propylene Diene Monomer (EPDM) and by vehicle type that is Two Wheeler, Passenger car, Commercial vehicle.
Automotive vapor canister is a component of evaporative emission control (EVAP) system, filled with charcoal or other material. The main function of vapor canister is to absorb the unwanted contaminates from fuel and further supply filtered fuel to the carburetor to ensure efficient working of engine with reduced emission after combustion of fuel.
Additionally, the fuel in fuel line and vehicle’s tank is subjected to evaporation owing to gasoline low evaporation temperature in comparison to diesel. Evaporated fuel releases impulsive organic compounds into the atmosphere. When tank pressure becomes excessive, the vapor generated is sucked by the canister.
Further the vapor is filtered and the impurities are absorbed by the charcoal. In market perspective, the global automotive canister market is anticipated to project weak growth prospective owing to phasing in of electric and hybrid vehicle over the slated time period. Additionally, tech giant automotive players are investing hefty money in electric vehicle due to positive acceptation of these vehicles.
Whilst, in rural are the demand of conventional vehicle is projected to healthy owing to lack of awareness of electric vehicle. In future perspective, the aftermarket segment is anticipated to grow with significant CAGR owing to increasing emission norms across the globe.
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Stringent regional government regulation pertaining to emission is anticipated to hike the sales of automotive vapor canister during the forecast period. In Japan, Ministry of the Environment (MOE), Infrastructure and Transport (MLIT) and the Ministry of Land has set the evaporation emission limits. It is approximately four standard of two grams of emission per day.
Additionally, in North America, government of U.S. has implemented regulations for emission such as EPA stage II enhanced and CARB LEVII. However, these emission standard may hamper the sales of new vehicles for few year. But, after the installation of charcoal canister they will also support the global warming reducing program.
Increasing fleet of electric vehicles is anticipated to hinder the global automotive vapor canister market during the forecast period. Increasing price of gasoline is also one of the major factor likely to hamper the growth of the global automotive vapor canister market.
Moreover, charcoal canister requires a periodic maintenance owing to its tendency of clogging up due to the accumulation of large amount of impurities from air and dust, which reduce the performance efficiency of the canisters.
Renowned automobile manufacturers such as Volkswagen, Daimler, Volvo, BMW, Jaguar Land Rover and others have announced to manufacture electric vehicles owing to increasing demand of emission less vehicle in coming year.
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Examples of some of the market participants identified across the value chain of the global automotive vapour canister market include:
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