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Asia Pacific Automotive Electric Vacuum Pump Market Forecast 2027 By Propulsion Type (ICE, EV), By Application (Brake, Engine), By Vehicle (Passenger Cars, LCV, HCV), By Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1925 | Delivery : PDF  Request Free Sample

Asia Pacific Automotive Electric Vacuum Pump Market size crossed USD 620 million and is estimated to grow at over 4.9% CAGR between 2021 and 2027. Electric vacuum pumps are used to power actuators and other auxiliary components in vehicles. The increasing number of actuators in vehicles equipped with ADAS, sunroofs, and electric rear doors will drive the market demand.

Asia Pacific Automotive Electric Vacuum Pump Market

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The rising penetration of electric vehicles across the region will significantly impact the industry revenue. The high adoption of electric vehicles can be credited to governmental initiatives and support for enhancing the environmental quality to overcome the dependence on crude oil. The governments of multiple nations are encouraging the population to adopt emission-free vehicles by providing concessions in the registration tax for using EVs. When compared with corresponding pumps, the cost of electric vacuum pumps is high and the efficiency of vacuum generation is low, which are major factors restricting the market growth.

In modern petrol engines, an electric vacuum pump plays a key role by maintaining sufficient vacuum level for easy & safe braking without constant loss of energy. Industry players are introducing products with superior efficiency to support the industry growth. For instance, in October 2019, Pierburg Huayu Pump Technology (PHP), a joint venture in China, developed the EVP 40, which sets high standards in terms of noise, temperature resistance, and robustness. The EVP 40 can be used in both electric and hybrid vehicles with conventional drivelines.

Asia Pacific Market, By Application

In terms of application, the engine segment in the Asia Pacific automotive electric vacuum pump market is predicted to expand at a CAGR of 5.6% till 2027. The vehicles with wet dual clutches use electric oil pumps for cooling. Regardless of the gearbox type, they can be used as flush pumps to reduce spray losses in the oil pan.

Asia Pacific Market, By Propulsion Type

Asia Pacific Automotive Electric Vacuum Pump Market Size, By Propulsion

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The EV segment demand will reach 2.5 million units by 2027, driven by the production and sales of new EVs. In the developing economies including India, China, and Malaysia, the sales potential of electric vacuum pumps is huge, and the demand for new energy vehicles, such as PHEV and BEV, is expected to increase substantially. For example, in the Shenzhen province, China, local authorities provide up to USD 5,000 in subsidies for each New Energy Vehicle (NEV) to promote the sales of cars.

Asia Pacific Market, By Vehicle

The LCV segment is likely to showcase 5.4% growth rate during the forecast timeline. Factors including stringent regulations on vehicles to contain emissions, improved vehicle safety, the introduction of driver assistance systems in vehicles, and the rapid growth of logistics in retail & e-commerce will increase the demand for light commercial vehicles. In addition, investments in the development of electric trucks (trucks) and other light commercial vehicles will propel the market growth.

Asia Pacific Market, By Sales Channel

The OEM segment revenue is expected to cross USD 595 million by 2027. Despite the EV production halt during COVID-19, the electric vehicle sector has seen substantial growth. According to China Association of Automobile Manufacturers (CAAM), between January and November 2020, China produced approximately 1.2 million new electric vehicles. In addition, the industry has achieved growth through an increase in per capita income, a reduction in vehicle purchase taxes, and the establishment of improved manufacturing facilities in this region. The introduction of advanced technologies by some major players and the increasing emphasis on improving automobile fuel efficiency will increase the demand for automobile electric vacuum pumps.

Competitive Industry Landscape

Prominent companies operating in the market are ixetic Bad Homburg GmbH, Rheinmetall Automotive AG, WABCO, LPR Global, Continental AG, Robert Bosch, Yt Stable Tech. Corp, Hella KGaA Hueck & Co., GZ Motorsport, and Valeo S.A.
 

Frequently Asked Question(FAQ) :

The market share from automotive electric vacuum pump in Asia Pacific reached USD 620 million in 2020 and could grow at over 4.9% CAGR up to 2027.
The Asia Pacific industry size from EVs could surpass 2.5 million units by 2027 due to their increasing production and sales in the region.
The industry share from automotive electric vacuum pump in Asia Pacific from engine applications could grow at a CAGR of 5.6%.
The industry size from automotive electric vacuum pump in Asia Pacific from OEMs will surpass USD 595 million by 2027 due to the rise in EV production.

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