The latest report on Automotive Electric Oil Pump Market by Infinium Global Research gives complete coverage of the Automotive Electric Oil Pump Market by application (transmission oil pump, engine oil pump, and brake oil pump), vehicle type (passenger vehicle, and commercial vehicle), sales channel (OEMs, and aftermarket) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Automotive Electric Oil Pump such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
Get Sample Report Copy for Market Insights @ https://www.infiniumglobalresearch.com/reports/sample-request/12806
Integration of Electric Oil Pumps Improves the Performance of the Vehicle As Well As Increase The Life Of Components
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 to idle 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.
Request a Discount on Standard Prices of this Premium Report @ https://www.infiniumglobalresearch.com/reports/request-discount/12806
Growing Adoption of Hub Motors in the Vehicles is Projected to Hamper the Growth of The Automotive Electric Oil Pump Industry
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.
Browse Detailed TOC and Description of this Exclusive Report@ https://www.infiniumglobalresearch.com/automotive/global-automotive-electric-oil-pump-market
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 application 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.