As per this study the Global Automotive Electric Oil Pump Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX Units in 2021 and is expected to reach XX Units by 2028 with a CAGR of XX%.
The automotive electric oil pump is the electric-driven oil pump that is used to maintain oil pressure & also lubricate the automatic transmission during engine idling or start. This pumps functions by sucking the oil from the oil pan of the vehicle and supply oil & pressure to maintain the function of the vehicle. Basically, it is used for actuation, lubrication, and cooling in the electric vehicles.
The continuous increase in demand for passenger vehicles owing to rapid urbanization, rising disposable income, and stable economic conditions, is driving the market growth. Owing to its characteristics such as operating at high pressure and also help in reducing CO2 emission from engines are likely to drive the market. Advanced features and benefits over mechanical pump help in adoption of electric pump over the forecast period. However, rising production of battery electric vehicles is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive electric oil pump.
The broad automotive electric oil pump market has been sub-grouped into application, electric vehicle type, vehicle type and sales channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Electric Vehicle Type
By Vehicle Type
- Transmission Oil Pump
- Engine Oil Pump
- Brake Oil Pump
By Sales Channel
- Passenger Vehicle
- Commercial Vehicle
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for automotive electric oil pump in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Electric Oil Pump Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive electric oil pump market include AISIN SEIKI, Delphi Automotive PLC., DENSO CORPORATION, FTE automotive, Hitachi Automotive, HUSCO Automotive, LLC, Johnson Electric, Magna International, MAHLE Group, Mikuni American Corporation, Mitsubishi Electric, Nidec Corporation, Rheinmetall Automotive AG, Robert Bosch GmbH, SHW AG and ZF Friedrichshafen AG among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.