Global Automotive Electric Oil Pump Market Report

Automotive Electric Oil Pump Market Size and Forecast 2024 to 2032

The global demand for Automotive Electric Oil Pump Market is presumed to reach the market size of nearly USD 20.53 Billion by 2032 from USD 2.3 Billion in 2023 with a CAGR of 27.55% under the study period 2024-2032. Regarding volume, the market was calculated XX Thousand Units in 2023 and forecast to touch XX Thousand Units by 2032 with a CAGR of XX% during 2024-2032. Automotive electric oil pumps are designed for different applications using electrical energy, such as the engine and transmission of an automobile by pumping oil. A mechanical drive from the engine has no role in a conventional oil pump, while an electric oil pump allows for the independent operation to have the accurate flow of oil at real-time requirements, thus optimizing lubrication efficiency and minimizing energy consumption towards maximizing the performance of the vehicle as a whole. Engine oil pumps are crucial in electric and hybrid vehicles due to effective thermal management and lubrication of the battery for performance and longevity. With the automotive industry's shift towards electrification and advanced engine technology, electric oil pumps and environmental regulations have become increasingly integrated to optimize efficiency in vehicles. The demand for automotive electric oil pumps is driven by the increased adoption of electric & hybrid vehicles that require more enhanced lubrication systems for performance and efficiency enhancement. There are also growing regulatory pressures to reduce the emissions of vehicles, forcing manufacturers to incorporate electric technologies into their designs. Technological advancements in enhancing the efficiency and functionality of electric oil pumps raise market growth as automobile companies engage to optimize engine use with eventual compliance with environmental standards.

Automotive Electric Oil Pump Market Report - Key Highlights

• The automotive electric oil pump market is dominated mainly by the engine oil pump segment due to a large demand for efficient lubrication systems in internal combustion engines. This trend further spreads towards hybrid technologies demanding enhanced circulation to optimize performance.
• Electric oil pumps for the hybrid and electric vehicle segment have witnessed significant growth in demand, with this being the most rapidly growing area of the market. The global shift toward electric mobility has prompted an accelerated demand for efficient electric oil pumps to manage these vehicles' thermal conditions and lubrication systems.
• North America stands out as the leader in automotive electric oil pumps, with a strong presence of electric vehicle manufacturers and government policies supporting electrification in transport.
• The Asia-Pacific region is rapidly growing in the electric oil pump market. This is mainly due to increasing automotive production, the rising acceptance of electric vehicles, and supportive initiatives taken by governments towards sustainability.

Automotive Electric Oil Pump Market Drivers

• Adoption of Electric and Hybrid Vehicles: The electric oil pump market is growing in electric and hybrid vehicles. In 2022, the International Energy Agency highlighted that the sales of electric vehicles stood at 10 million units. The increased demand will require efficient lubrication systems in a vehicle to improve its performance and prolong the life of electric elements, thereby increasing demand for electric oil pumps.
• Pressure from Regulations for Emission Reductions: Severe legislative measures are making car manufacturers adopt electric technologies to minimize levels of car emissions. For instance, the European Union has set an objective of a 55% reduction of new vehicle CO2 emissions in 2030. Electric oil pumps are also part of such goals as they increase the efficiency of lubrication, contributing to better fuel economy and reduced levels of harmful emissions.
• Technological Innovation in Pump Design: Technological developments in electric oil pumps, such as variable speed control and better energy efficiency, also increase market demand. They can adjust their function according to the real-time variation in the oil flow, improving performance and energy consumption.

Automotive Electric Oil Pump Market Challenges

• High Initial Cost: The high initial investment, primarily for the new entrants in the manufacturing list, may deter some from using electrical oil pumps. Electric pumps have benefits through long-term cost savings due to efficiency improvement, but they are costly to develop and install compared to conventional pumps. It is a challenging switch to entirely electric solutions.
• Issues in Installation: Integration into conventional vehicle architectures is very complex. It is challenging for the companies involved to introduce retrofit systems developed based on traditional mechanical pumps into their vehicle lines, thereby increasing development time and expense. Compatibility with different engine designs only complicates things, which might limit the market's growth.
• Competition from Traditional Technologies: Conventional mechanical oil pumps remain ahead as they are well-entrenched and cheaper. Most manufacturers will not change the platform to electric systems, at least partially because most markets have a large portfolio of ICE vehicles. Competition from this level would delay the promotion of electric oil pumps for some time.

Global Automotive Electric Oil Pump Market Share by Region (Representative Graph)

Competitive Overview

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The prominent players covered in this report are BorgWarner Inc., DENSO CORPORATION, FTE Automotive, HUSCO Automotive LLC, Johnson Electric, Magna Powertrain Inc., MAHLE Group, Mikuni American Corporation, Mitsubishi Electric, Nidec Corporation, Rheinmetall Automotive AG, Robert Bosch GmbH, ZF Friedrichshafen AG, AISIN SEIKI, Hitachi Astemo, IXETIC, Jatco. This is a tentative list and can be modified as per client requirements. This section of the report will cover detailed profiles of the above companies, their business strategy, financials, and SWOT analysis.

Recent Advancements

• Smart Pump Technologies: Recent developments in smart electric oil pump technologies can now monitor and control oil flow in real time according to engine conditions. This technology thus provides better lubrication efficiency, reduces wear on the parts, and improves the vehicle's overall performance. This technology is highly attractive to manufacturers who seek every avenue to improve operations.
• Improvements in Energy Efficiency: Innovations in improving energy efficiency for electric oil pumps are significant market progress. New designs that consume minimal power while maintaining performance will contribute considerably to the general energy management of electric and hybrid vehicles. This focus on sustainability is associated with much larger goals in the broader automotive industry.
• Modular Design Approaches: Modular design in electric oil pumps allows the customization of pumps to meet the precise needs of the vehicle. This flexibility offers easy integration with different car models, fewer troubles while maintaining and upgrading, and hence can extend technology's life span and flexibility.

Latest Developments in the Automotive Electric Oil Pump Market

• October 2024: Bosch launches a new family of electric oil pumps for hybrid & electric vehicles, focusing on the high efficiency and performance of thermal management systems.
• September 2024: Continental AG published an expansion of their cooperation with world-renowned car manufacturers in developing oil pumps for an integrated electric solution, meeting stricter emissions regulations in the EU and North America.
• August 2024: Denso Corporation plans to set up an electric oil pump production facility in Japan. The company has revealed its plans, which focus on the growing demand for components in electric vehicles and the buildup of local production capabilities.

Global Automotive Electric Oil Pump Market Report: Scope

Market Segmentation

This section of the Automotive Electric Oil Pump market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Application

• Transmission Oil Pump
• Engine Oil Pump
• Brake Oil Pump

By Lubrication System

• Wet Sump Lubrication
• Dry Sump Lubrication

By Vehicle Type

• Passenger Vehicle (Hatchback, Sedan, Utility Vehicle)
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Bus and Coach
• Off-road Vehicle

By Displacement Type

• Fixed Displacement
• Variable Displacement

By Propulsion Type

• IC Engine (Diesel, Gasoline)
• Electric (Battery Electric Vehicle, Hybrid and Plug-in Electric Vehicle)

By Sales Channel

• OEM
• OES
• Aftermarket