Global Activated Carbon Canisters Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 5% during the forecast period.
The Global Activated Carbon Canisters market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Activated Carbon Canisters report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Activated Carbon Canisters Market Overview:
Carbon Canisters are used in automotive vehicles as part of the evaporative emission control system. Carbon canisters are commonly situated at the bottom of the fuel tank to collect the exhaust gases including hydrocarbon and carbon dioxide. Canisters are filled with activated carbon to absorb the gases and purify them for reusing in the combustion process in engines. The carbon canister line is connected to the pressure compensation line above the tank bleeder valve. Factors attributing to activated carbon canisters market growth are increasing emission control programs run by governments in many emerging economies and increasing automotive sector across the globe.
Furthermore, increasing carbon emission owing to rising industrialization and increasing demand for compact engines for smooth performance of the vehicle are the supporting factors expected to boost the market growth during the forecast period. The increasing popularity of electric cars across the globe is the key factor restraining the activated carbon canisters market growth.
Increasing research and development in the field of engine emission control is the factor expected to create new opportunities in the market in near future.
Global Activated Carbon Canisters Market Dynamics:
The increasing need for fuel evaporative control and need for demand for performance improvement maintaining the sustainability of vehicles are the factors driving the activated carbon canisters market growth. Furthermore, increasing demand for decreasing maintenance of exhaust channels in vehicles is boosting the activated carbon canisters market growth during the forecast period. Trade liberalization of automobile manufacturers and governments is driving the activated carbon canisters market growth.
Increasing air pollution across the globe owing to the increasing number of vehicles in the market is the key supporting the factor driving the market growth. Also, increasing awareness regarding environment protection by environment enthusiasts and various government agencies is the factor expected to boost the activated carbon canisters market across the globe during the forecast period.
Increasing demand for electric cars and the high cost of raw materials including charcoal are the factors restraining the market growth. Innovative technologies including purge pumps and vitrifies are the factors expected to drive the activated carbon canisters market growth.
Increasing pollution across the globe is driving the activated carbon canisters market growth:
According to World Health Organization, the automotive sector across the globe has accounted for approximately 35% of total air pollution. Moreover, decreasing air quality index amongst the emerging economies across the globe are the factor hampering the environment. Henceforth, with context given by WHO, each country in the world is strategizing and planning to reduce emissions and focus on earning carbon credits for the country is the factor expected to boost the activated carbon canisters market growth during the forecast period.
Hybrid propulsion system is dominating the activated carbon canisters market:
Propulsion systems are used to feed fuel and air mixture made in the injection valves to the cylinders in the engine with the help of a pressure line connected to the intake manifold and fuel tank. The hybrid propulsion system uses gasoline as well as diesel and used in most of the vehicles for its high emission control and high rate of profitability owing to the low cost of the system are the factors boosting the hybrid system segment in the activated carbon canisters market. Hybrid systems accounted for approximately 2.3 billion USD in the year 2019 owing to given factors.
Impact of Covid pandemic on the activated carbon canisters market:
Due to several restrictions imposed on the manufacturing as well as transportation sector by governments, Activated Carbon Canisters market is facing severe issues for production as well as transportation. Increasing supply chain margins and pricing have hampered the growth of the market in the years 2020-2021. Although, the market is now in an upward trend owing to the increasing spending power of consumers in the pandemic and increasing sales of automobiles including light commercial and passenger cars due to safety concerns among consumers. The activated carbon canister market was valued at 2 billion USD in the year 2019. The market is expected to decline by 30% in the year 2020 owing to the Covid pandemic across the globe.
Activated Carbon Canisters Market
Increasing investments by key players in the activated carbon canister market is driving the market growth:
Several emerging players in the market including HELLA GmbH and Co., Robert Bosch GmbH, Ingevity and others are thoroughly investing in the carbon canister material improvement and focusing on increasing efficiency of the emission control system are the factors attributing growing investment in the market. Robert Bosch GmbH has announced 200 million USD for the development of carbon canisters and proximity of emission control in 2018.
Continental AG has developed Active Purge Pump system for pumping out the used gases from the engine and filter it to 90% pure for effective air circulation in the engine and reusing the gases to increase the efficiency of the system and thus increasing the overall air-fuel balance of the system.
Ingevity Corporation is famous for providing carbon materials, engineered polymers, and specialty chemicals. Recently, the company has announced its new product ‘Powder Activated Carbon’ which can be used even after the run out of gases and when the vehicle is in halt position. The company has claimed to recover 10000 metric tons of fuel each day using their new product.
Global Activated Carbon Canisters Market
Global Activated Carbon Canisters Market Regional Insights:
The Asia Pacific is the dominating as well as fastest-growing region in the market with 43% of total revenue share in the Activated Carbon Canisters market registering approximately 4% CAGR in the year 2019. Factors attributing market growth in the region are highly developed manufacturing sector and increasing investment in the automotive sector of the region by emerging players in the market including Robert Bosch GmbH, Delphi Automotive PLC and others. Moreover, increasing buying power of consumers in the region is the key supporting factor attributing automotive port fuel ignition system market.
North America is the second dominating region in the activated carbon canisters market with approximately 30% market share. Factors attributing to market growth in the region are stringent government norms regarding emission control and a surge in awareness about the environment in consumers. The US accounts for approximately 51% market share in the region along with Canada and Mexico.
Global Activated Carbon Canisters Market
The objective of the report is to present a comprehensive analysis of the Global Activated Carbon Canisters Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Activated Carbon Canisters Market dynamics, structure by analyzing the market segments and project the Global Activated Carbon Canisters Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Activated Carbon Canisters Market make the report investor’s guide
Global Activated Carbon Canisters Market Scope: Inquire before buying
Global Activated Carbon Canisters Market
Global Activated Carbon Canisters Market, by Region
• North America
o CIS Countries
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Rest of ME&A
• South America
o Rest of South America
Global Activated Carbon Canisters Market Key Players
• Robert Bosch GmbH
• Continental AG
• HELLA GmbH& Co.
• Standard Motor Products
• Wells Vehicle Electronics
• Kayser Automotive Systems
• Delphi Automotive PLC
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