Automotive Electric Vacuum Pump Market Size

Automotive Electric Vacuum Pump Market Size

Automotive Electric Vacuum Pump Market size surpassed USD 1 billion in 2022 and is expected to register 3.3% CAGR from 2023 to 2032.

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The growing number of passenger vehicle sales is estimated to have a positive influence on the industry outlook. Due to the increasing concerns over the worsening air quality, governments worldwide are imposing stringent vehicular emission guidelines to minimize tailpipe unburned hydrocarbons, nitrogen oxides, and particulate matter. Gasoline Direct Injection (GDI) engines provide the perfect balance of fuel efficiency, strong power output, and improved vehicle performance at reasonable pricing. Increasing use of direct fuel injection technology in gasoline vehicles would influence the demand for electric vacuum pumps.

High product costs in comparison to other automotive parts may have an impact on the automotive electric vacuum pump market growth. These pumps operate continuously in vehicles while valves regulate the necessary vacuum. Given to this, the energy costs and electricity utilization can be really high. The pumps are expensive to purchase initially and need constant maintenance. The fluctuation in raw material costs and supply chain uncertainty can be blamed for a rise in the price of the product.