How Has the Automotive Electric Vacuum Pump Market Evolved Historically and What is its Current Size?
The automotive electric vacuum pump market has seen considerable growth due to a variety of factors.
•The market for automotive electric vacuum pumps has seen a significant expansion in the recent years. The market size is expected to surge from $20.25 billion in 2024 to an estimated $22.58 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%.
Factors like the introduction of emission reduction regulations, a shift towards electric and hybrid vehicles, improvements in automotive system performance, minimization of engine weight and size, and the incorporation of high-tech safety features, have all contributed to this growth during the historical period.
What is the Forecasted Market Size and CAGR for the Automotive Electric Vacuum Pump Market?
The automotive electric vacuum pump market is expected to maintain its strong growth trajectory in upcoming years.
• The market for automotive electric vacuum pumps is anticipated to experience swift expansion in the upcoming years, reaching a valuation of $34.69 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 11.3%.
This predicted growth throughout the forecast period is due to factors such as sustainable automotive investments, changing customer tastes, the surge in vehicle electrification, and the regulatory focus on vehicle safety. Key trends projected in the forecast span include the creation of dual-function pump systems, the implementation of regenerative braking systems, tailored pump solutions for Electric Vehicles (EVs), quiet operation with less vibration, and compact, modular pump designs.
What Are The Key Drivers Fueling Growth In The Automotive Electric Vacuum Pump Market?
The growth of the automotive electric vacuum pump market is anticipated to be driven by the rising acceptance of electric vehicles. Electric vehicles, which derive power from an electric motor and are charged from an external source, play a crucial role in the automotive industry. The use of an automotive electric vacuum pump alleviates engine lubrication system stress by lubricating the vacuum pump without the need for a mechanical pump. This promotes greater engine efficiency with a more streamlined pump design. For example, data from the U.S. Energy Information Administration in November 2023 indicated that battery-electric vehicles accounted for 17.7% of new light-duty vehicle sales in the third quarter of that year. This marked an increase from previous years with 16.0% of total new vehicle sales for the year being battery-electric vehicles up from 12.5% in 2022 and 9.0% in 2021. As a result, the surging popularity of electric vehicles is stimulating the expansion of the automotive electric vacuum pump market.
What Are The Principal Market Segments In The Global Automotive Electric Vacuum Pump Industry?
The automotive electric vacuum pump market covered in this report is segmented –
1) By Product Type: Diaphragm Type, Leaf Type, Swing Piston Type
2) By Propulsion Type: Electric Vehicle (EV), Internal Combustion Engine (ICE)
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Diaphragm Type: Single Diaphragm Pumps, Double Diaphragm Pumps
2) By Leaf Type: Fixed Leaf Pumps, Adjustable Leaf Pumps
3) By Swing Piston Type: Single Swing Piston Pumps, Multi-Piston Swing Pumps
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Which Emerging Market Trends Are Altering The Automotive Electric Vacuum Pump Sector?
A significant trend gaining traction in the automotive electric vacuum pump market is the development of advanced technologies. To cater to distinct needs and maintain their market standing, key firms in this sector are investing heavily in innovation. For illustration, Atlas Copco AB, a Sweden-based vacuum pump manufacturing firm, released its GHS VSD+ line of vacuum pumps in May 2022. These pumps feature a groundbreaking design for enhanced performance, superior oil separation, a compact footprint, and a new regulator that is compatible with Industry 4.0. The GHS 1402-2002 VSD+ from the Atlas Copco range employs the newly developed oil-injected screw element offering high pumping rates at lower vacuum pressures. The pump is equipped with HEX@, Atlas Copco's cutting-edge new vacuum controller, rendering it set for Industry 4.0. Owners of variable-speed pumps are also catered for with the digitalisation of industrial processes via a newly introduced control system.
Who Are the Key Players in the Automotive Electric Vacuum Pump Market?
Major companies operating in the automotive electric vacuum pump market include:
• Robert Bosch GmbH
• Denso Corporation
• Continental AG
• Magna International Inc.
• Aisin Seiki Co. Ltd.
• Valeo SA
• TRW Automotive Holdings Corp.
•MAHLE GmbH
• Atlas Copco
• Hella GmbH & Co. KGaA
• Rheinmetall Automotive AG
• Ingersoll Rand
• MANN+HUMMEL Group
• Delphi Technologies
• The Johnson Electric Group
• Ningbo Tuopu Group Co. Ltd.
• Cooper-Standard Holdings Inc
•Mitsuba Corporation
• Dorman Products Inc.
• SHW AG
• Hitachi Astemo Americas Inc.
• Pricol Limited
• Advik Hi Tech Pvt Ltd
• Pierburg
•Nagman Instruments & Electronics Private Limited
• WABCO Holdings Inc.
• Woosung Vacuum Co. Ltd.
What are the Regional Insights into the Automotive Electric Vacuum Pump Market?
Asia-Pacific was the largest region in the automotive electric vacuum pump market in 2024. The regions covered in the automotive electric vacuum pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
