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Europe Automotive Electric Vacuum Pump Market

Europe Automotive Electric Vacuum Pump Market size is projected to cross USD 260 Mn by 2027. The robust demand for EVs is expected to accelerate Europe automotive electric vacuum pump (EVP) market forecast in the coming years. The automotive sector is an important contributor to the GDP of European countries. The EU is one of the worldu2019s leading automakers, and the sector has the greatest private investment in R&D.

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Europe Automotive Electric Vacuum Pump Market

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  1. Europe Automotive Electric Vacuum Pump Market Outlook - Industry Statistics Analysis By 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Europe Automotive Electric Vacuum Pump Market size is projected to cross USD 260 Mn by 2027. The robust demand for EVs is expected to accelerate Europe automotive electric vacuum pump (EVP) market forecast in the coming years. The automotive sector is an important contributor to the GDP of European countries. The EU is one of the world’s leading automakers, and the sector has the greatest private investment in R&D. • Lvxiang Electric Vehicle Co. Ltd., Hella KGaAHueck & Co, Mikuni Corporation, Youngshin Precision Co. Ltd, Johnson Electric, and SDTec Co. Ltd are among the leading electric vacuum pump manufacturers and suppliers in Europe.European EV sales are at an all-time high, thanks to government incentives and a slew of new cars and hybrids. By 2027, Europe automotive electric vacuum pump market share from the EV segment is expected to account for $40 million. • It is clear that electric vehicle consumption is growing across Europe. The European Commission (EC), for example, has set aggressive CO2 reduction objectives for the transportation sector by 2050. In this instance, most decarbonisation models for the transportation sector predict a significant penetration of electric cars by 2030. Volvo Cars was one of the first well-known Western manufacturers to move its attention away from internal combustion engines and toward electric vehicles. Others have joined the fray, including Volkswagen AG and General Motors Corp. In February 2021, Volvo announced that electric vehicles accounted for more than a third of the company's new car sales in the European Union. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://urlzs.com/r4Vfz Request for customization @ https://urlzs.com/Wq51g ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. During the prediction timeframe, the aftermarket segment in Europe's automotive electric vacuum pump market will produce more than USD 10 million in value. The region's growing vehicle sales and aging fleet are increasing the need for aftermarket and repair services. In response to the growing preference for environmentally friendly vehicles, the demand for replacement components such as catalytic converters and electronic chips has grown to enhance the fuel economy of older vehicles. Electric vacuum pumps have several technological benefits over mechanically powered pumps. These are highly efficient in terms of emissions, which accelerate their adoption in ICE, electric, and hybrid vehicles. The demand for braking applications exceeded 2 million units in 2020. As electric vacuum pumps may run without lubrication, they decrease the strain on the engine lubrication system. Western European countries such as Germany, Italy, the United Kingdom, and France are mass-producing electric vacuum pumps in response to the augmented registrations of cars and EVs. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segments of Europe Automotive Electric Vacuum Pump Market ; • Europe Market, By Vehicle • Passenger vehicles • LCV • HCV • Europe Market, By Application • Brake • Engine ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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