The Infinium Global Research analyzes the Automotive Electric Oil Pump Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global automotive electric oil pump market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of automotive electric oil pump. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the automotive electric oil pump market during the period. The global automotive electric oil pump market is projected to grow at a CAGR of 19.8% over the forecast period of 2019-2025.
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The automotive electric oil pump market is a highly competitive market with major automobile component suppliers such as Aptiv, FTE automotive, Hitachi, Johnson, Nidec, Robert Bosch, ZF Friedrichshafen and others competing with each other. The electric oil pump is a significant component of a vehicle that circulates coolant and lubricant to various parts of the car. They are mostly used in hybrid cars and the cars that have idling start-stop system.
The demand for high end passenger vehicles is growing as a result of increasing disposable income and stabilizing economy. This is the major driving factor for the growth of automotive electric oil pump market. Moreover, integration of electric oil pumps improve the performance of vehicle as well as increase the life of components and vehicle as whole, which has contributed to the growth of automotive electric oil pump market. Furthermore, advantages of electric oil pump over mechanical oil pump including functioning even after turning the engine off and functioning at high oil-pressure and flow rate have increased the demand of automotive electric oil pump.
However, the growing adoption of hub motors in the vehicles is projected to hamper the growth of the automotive electric oil pump market. As the hub motors are fitted in the wheels, the requirement for lubricant and coolant is negligible, which may eliminate the need of oil pump. Additionally, the growing demand for hybrid vehicles is anticipated to provide the key players with promising opportunities.
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Asia-Pacific Accounted for the Largest Share in the Electric Oil Pump Market with Respect to Revenue
Among the geographies, Asia-Pacific accounted for the largest share in the electric oil pump market with respect to revenue. The domination of Asia-Pacific region attributed to growing sale of hybrid and electric vehicles, stringent emission regulations and rising awareness regarding fuel efficiency. Followed by Asia-Pacific, Europe held the second largest share in the automotive electric oil pump market. Europe’s automotive electric oil pump market is associated with the high production of hybrid and electric vehicles.
Global Automotive Electric Oil Pump Market: Segmentation
The report on global automotive electric oil pump market covers segments such as application, vehicle type, and sales channel. On the basis of application, the sub-markets include transmission oil pump, engine oil pump, and brake oil pump. On the basis of vehicle type, the sub-markets include passenger vehicle, and commercial vehicle. On the basis of sales channel, the sub-markets include OEMs, and aftermarket.
Key Players in the Automotive Electric Oil Pump Market
The report provides profiles of the companies in the market such as Aptiv PLC, DENSO Corporation, FTE automotive Group, Hitachi, Ltd., HUSCO Automotive, LLC, Johnson Controls International Plc, Mikuni American Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, and Other Companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive electric oil pump.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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