The global automotive EVP market size is anticipated to reach USD 2.40 billion by 2026 on account of the increasing demand for more efficient vehicles worldwide.

Automotive electric pumps help to provide more power to the driver of the vehicle by monitoring the change in the brake booster tank space created by vacuum sensors. The implementation of EVPs is on the rise owing to the safety regulations imposed by various governments about driving safety.

The rise in popularity and adoption of electric vehicles worldwide is a major automotive EVP market growth driver. Besides this, the development of EVs with engine-independent vacuum generation for brake boosters is expected to augment market growth. Besides, these vacuum pumps are capable of boosting the efficiency of the engine by preventing improper braking, reducing the level of carbon emissions, and preserving fuel, thereby promoting the market. Furthermore, the increasing demand for mobility services on a global basis is expected to add impetus to the market in the forthcoming years.

A few players operate the market for the automotive electric vacuum pump. These vendors are aiming to satisfy the increasing demand of consumers concerning consistent and smooth brake, and overall reliable performance. Thus, players are investing in research and development of various types of EVPs such as UP5.0, UP32, UP30, AND UP28 promising enhanced performance. Such initiatives will help players gain momentum in the market and earn high automotive electric vacuum pump market revenue in the forthcoming years.

List of the Key Companies Operating in the Automotive EVP (Electric Vacuum Pump) Market are: Hella GmbH & Co. KGaA, Robert Bosch GmbH, Rheinmetall Automotive AG, Continental AG, Mikuni Corp, Tuopu Group, Youngshin Precision Co., Ltd.and other vendors.

-Automotive EVP (Electric Vacuum Pump) Market Size, Share & Industry Analysis, By Electric Vehicle Type (BEV, HEV, PHEV), By Vehicle Type  (Passenger Car, LCV, HCV) and Regional Forecasts, 2019-2026 Report
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