Increasing Number of Stakeholders Relying on Extremely Durable Electric Vacuum Pumps
Manufacturers in the automotive electric vacuum pump market are increasing their production capabilities of extremely durable pumps for brake boosters in the EV sector. They are focusing on improving the average lifespan of electric vacuum pumps (EVPs) to emerge as leading global OEMs.
The market share of battery electric vehicles (BEVs) is estimated to grow at an astounding rate, i.e. from ~9% at present to a striking ~32% by 2027, in the automotive electric vacuum pump market. Analysts at Transparency Market Research (TMR) attribute this growth in the BEV sector to the growing adoption of electric vehicles on a global level. Also, various governments around the world are rolling out schemes that encourage individuals to adopt EVs.
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Increased adoption of EVs has fueled innovation in the automotive electric vacuum pump market. Newly-introduced EVPs help enhance overall vehicle performance, since developing efficacious braking systems is a top priority for EV car manufacturers. As such, manufacturers are increasing research & development to perform extensive testing regimes that examine the functionality of EVPs under harsh temperatures. Thus, to increase strength and durability in EVPs, manufacturers in the automotive electric vacuum pump landscape are innovating non-electronic robust brush motors to provide the necessary efficiency. They are developing EVPs that complement modern gasoline engine to facilitate safe and easy braking.
High-volume Production Targets Meet Specific Requirements of Stakeholders in Asia Pacific
Manufacturers in the automotive electric vacuum pump market are eyeing incremental opportunities in Asia Pacific. Asia Pacific continues to dominate the market in terms of value and volume, and is estimated to reach a production output of ~16,000 units by the end of 2027, in the automotive electric vacuum pump market. Thus, manufacturers are conceptualizing technologies that are customized according to the requirements of the Indian automotive industry.
With the growing adoption of EVs, it is evident that, manufacturers are taking crucial steps to contribute towards a sustainable automotive future. Since the business of hydraulic braking systems has achieved a stable position in the Indian market, manufacturers are increasing their capabilities in new brake boosters and calipers, as EVPs are an important part of the two components. This trend has also created a ripple effect in the space of electronic parking brake (EPB) systems, for both, drum and disc brake setups.
Though the concept of EPB is still at its nascent stage in the Indian market, manufacturers are focusing on the high-volume production of automotive electric vacuum pumps when electronic stability control (ESC) becomes a mandatory norm for the Indian automotive space in the coming years. As such, manufacturers in the automotive electric vacuum pump market are developing new EVPs for hybrid electric vehicles and small commercial vehicles.
Power Braking Function and Straightforward Mounting Solutions Serve as Cost-efficient Options for Manufacturers
The automotive electric vacuum pump market is moderately consolidated. However, the development of new products still poses as a challenge in the rapidly growing and highly competitive landscape. Increased cost of research & development poses a challenge, since market players need to onboard highly qualified engineers and developers. This involves the time-consuming process of formulating the initial concept and analyzing its journey throughout product development.
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It is difficult for manufacturers to keep up with the competition in the automotive electric vacuum pump market, which has often led to issues in design, configuration, and simulation. Downsizing of engines has become a prominent trend in the market, with smaller engines particularly being turbocharged. However, under zero-load conditions, modern gasoline engines cannot warrant sufficient vacuum levels in the intake pipe, which necessary for brake boosters.
There is growing demand for more efficiency in the electrification of vacuum pumps for new systems in auxiliary units. To overcome challenges in the manufacturing process, market players are developing EVPs that leverage the power braking function of electric vehicles. They are devising cost-effective mounting solutions, without the need for costly vibration insulation. Thus, straightforward mounting delivers additional customer value, and makes it less costly for manufacturers to install EVPs in vehicles.
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