The global automotive electric oil pump market size is anticipated to surpass around US$ 28 Bn by 2027, expanding at a CAGR of more than 20% during the forecast period 2020 to 2027.
Rising demand for electric mobility and fuel-efficient vehicles is driving the demand for the automotive electric oil pump. Stringent emission regulations have made it imperative for automakers to adopt engine downsizing technologies, such as electric oil pump. The electric oil pump is driven by an electric motor and maintains optimum oil pressure with low power consumption and high efficiency. Rising consumer demand for fuel-efficiency and advent of technologies, such as start-stop and sailing, have necessitated the use of electric oil pump in the vehicle. Rising penetration of electric vehicles, assisted by government incentives and rising consumer awareness, is expected to boost the automotive electric oil pump market.
Automotive electric oil pumps are predominantly used to pump coolant and lubricant oil efficiently and effectively inside various vehicle systems, such as transmission, engine, and brakes, of an automobile. Insufficiency in lubrication is likely to create problems in vehicle components, such as wear & tear and friction. This, in turn, is expected to hamper the performance of systems, such as transmission, engine, and braking system, and cause harm to the interior components of the systems, which leads to heavy loss. Therefore, level of coolant and lubricating oil is maintained in the vehicle in order to circulate them at high pressure for effective and better working of transmission system, engine, and braking system parts. Usage of automotive electric oil pump varies according to the type of application and type of vehicle, such as an off-road vehicle, a heavy commercial vehicle, or a normal passenger car. The performance of transmission system, braking system, and performance or fuel efficiency of an engine directly depends on the operation of the electric oil pump.
An electric oil pump is an oil pump driven by an electric motor and is used to maintain oil pressure and lubricate the automobile components during engine stop of stop-start vehicles. Electric oil pumps are needed for hybrid electric vehicles and vehicles with idling start-stop system. These pumps, which are able to supply oil even when the engine is switched off, are characterized by high voltage, high oil-pressure, and high flow rate. The pumps themselves are internal gear pumps with an improved bearing construction, designed to minimize torque loss. They also produce minimal noise and vibration due to reduced gear vibration. These are factors drive the automotive electric oil pump market.
The engine oil pump segment held a major share of the market in 2017, owing to rising concerns about the environment and carbon emission and high penetration of these pumps in hybrid electric vehicles since the production of hybrid electric vehicle was high in 2017. The market share held by the engine oil pump segment is projected to decline during the forecast period, owing to the increasing production of battery electric vehicles, in which the engine is replaced by battery and motors. However, the transmission system and braking system are likely to remain prominent components in electric vehicles. Hence, transmission oil pump and braking oil pump segments are expected to expand at a higher growth rate during the forecast period. Introduction of hub motor in electric vehicles is expected to replace the transmission unit and braking system, as hub motors have the transmission system integrated with braking unit directly in the hub. Increasing adoption of hub motors is likely to hamper the transmission electric oil pump segment during the forecast period.
Governments across the globe are providing incentives to purchase battery electric vehicles in order to curb vehicle emissions and comply with the norms set by various regulatory bodies. This, in turn, is boosting the battery electric vehicle segment of the market.
Demand for commercial vehicles is estimated to increase due to the expansion of the construction sector, geographical area of city due to growth in IT hubs, and rapid industrialization in Asia Pacific. Propagation of procedure subcontracting and connected administrations in Asia Pacific has boosted the travel demand for several employees, who are transported through vans and small/medium buses, which in turn is driving the demand for light commercial vehicles.
The Automotive Electric Oil Pump market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Electric Oil Pump market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Electric Oil Pump market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Electric Oil Pump market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Electric Oil Pump market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Electric Oil Pump capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Electric Oil Pump by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Electric Oil Pump market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Electric Oil Pump market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Electric Oil Pump market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Electric Oil Pump industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Electric Oil Pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Electric Oil Pump market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Electric Oil Pump market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Electric Oil Pump market. These factors have benefited the growth of the global market for Automotive Electric Oil Pump. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Electric Oil Pump. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players operating in the global automotive electric oil pump market include FTE automotive, Hitachi Automotive, Rheinmetall Automotive AG, Johnson Electric, Nidec Corporation, Mitsubishi Electric, Mikuni American Corporation, Magna Powertrain, Inc., HUSCO Automotive, LLC, MAHLE Group, Delphi Automotive PLC., Robert Bosch GmbH, DENSO Corporation, ZF Freidrichshafen AG, Aisin Seiki, and SHW AG.
In this study, the years considered to estimate the market size of Automotive Electric Oil Pump are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Automotive Dual Mass Flywheel Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027Read more...
Automotive Antenna Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027Read more...
Truck-as-a-Service Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027Read more...
Automotive Half Shaft Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027Read more...
Car Finance Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027Read more...