Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on automotive electric oil pump market provides
in-depth analysis of segments and sub-segments in the global as well as
regional automotive electric oil pump market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
automotive electric oil pump market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global automotive electric oil pump market. According to the report,
the global automotive electric oil pump market is projected to grow at a CAGR
of 19.8% over the forecast period of 2019-2025.
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
the economy. This is the major driving factor for the growth of the automotive
electric oil pump market. Moreover, integration of electric oil pumps improves
the performance of the vehicle as well as increase the life of components and
vehicle as a whole, which has contributed to the growth of automotive electric
oil pump market. Furthermore, the advantages of an electric oil pump over a
mechanical oil pump including functioning even after turning the engine off and
functioning at high oil-pressure and flow rate have increased the demand for
the 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 for an
oil pump. Additionally, the growing demand for hybrid vehicles is anticipated
to provide the key players with promising opportunities.
Among the geographies,
Asia-Pacific accounted for the largest share in the electric oil pump market
with respect to revenue. The domination of the Asia-Pacific region attributed
to the growing sale of hybrid and electric vehicles, stringent emission
regulations and a rise in 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.
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.
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.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of automotive electric oil pump market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.