Press release
Electric Oil Pump Market Growth: CAGR +23.0% and Rheinmetall Automotive AG, Hitachi Automotive Systems, Magna, LG Innotek & more..
Electric Oil Pump
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.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.
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Scope of the Report:
According to this study, over the next five years the Electric Oil Pump market will register a 23.1% CAGR in terms of revenue, the global market size will reach US$ 840 million by 2024, from US$ 300 million in 2019.
Manufacturer, Distributor, Downstream Client Companies Data Analysis:
Nidec Corporation, SHW Group, FTE automotive, AISIN SEIKI, Rheinmetall Automotive AG, Hitachi Automotive Systems, Magna, LG Innotek, ZF-TRW, Slpt, Mitsubishi Electric Corporation, EMP
Segmentation by product type:
Separate Pump
Integrated Pump
Segmentation by application:
Start-Stop System
Electric and Hybrid Vehicle
Electric Oil Pump Market report also splits the market by region:
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
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.
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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 28.63% market share and the China occupies about 30.36% market share in 2017 due to their largest new energy vehicle numbers.
Research objectives:
Focuses on the key global Electric Oil Pump manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Electric Oil Pump with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Key Points sheathed in the Electric Oil Pump Market Report Coverage:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financial and recent developments
– Supply chain trends mapping the latest technological advancements
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