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Global Info Research offers a latest published report on Electric Oil Pump Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Electric oil pump is an oil pump driven by the electric motor and is used to maintain oil pressure and lubricate the automatic-transmission/continuously-variable-transmission during engine stop of such as stop-start vehicles.
For Hybrid vehicles, this product supplies oil pressure for transmission operation in an electric drive mode, while for the EV vehicle, it performs cooling and lubricating functions.
Automotive pump is a crucial component found in all types of vehicles, but advances in automotive technology has continued to influence its design and application prospects. As global sales of vehicles continue to grow, it also ushers the demand for various automotive components and parts including automotive pumps. The industry remains focused on developing more efficient automotive technologies to reduce fuel consumption as well as to abide with international emissions-control laws. Government and policymakers across the globe increase their efforts to put cleaner transport system on road. Stricter emission laws have been imposed on the auto sector in several countries. As such, automakers are bound to increase their efforts towards electric mobility. The aforementioned factors are playing an important role in driving innovation in automotive pumps.
The global Electric Oil Pumps shipment is about 4.97 Million Units in 2018 the value is over 297 M USD. And the market will reach 1065 M USD at more than 20.0% CAGR during the forecast period 2018-2025.
The Electric Oil Pumps’ production is mainly concentrated in the Europe and North America; the developing countries’ consumption mainly depends on import market. The largest consumption regions are Europe and China, the Europe occupies about 28.59% market share and the China occupies about 30.49% market share in 2018 due to their largest new energy vehicle numbers.
The global market for Electric Oil Pump is dominated by few large vendors having substantial budgets for research and development of new technologies and innovative products. Companies such as Nidec Corporation, SHW Group, FTE automotive, AISIN SEIKI and Rheinmetall Automotive command prominent positions in the global market owing to their strong geographic presence, excellent distribution networks, and the financial power to acquire niche device developers across the globe.
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