Automotive Variable Oil Pump Market to surpass US$ 10.6 billion by year 2030, Says Future Market Insights, Inc.

The global automotive variable oil pump market demand is expected to reach US$ 10.6 billion by year 2030. Consumers' rising spending power and the soaring demand for passenger cars are projected to fuel market expansion.

Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial losses at higher speed, as the pump's output depends on engine speed. For effective automotive piston cooling and lubrication, automotive variable oil pumps precisely provide the correct quantity of oil in all conditions, and also help reduce torque absorption in non-critical working points. These pumps also reduce carbon emissions and fuel consumption along the way.

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Market Outlook

As disposable income has increased significantly across various developing nations, the demand for passenger vehicles has grown. Furthermore, the demand for high-performance automotive vehicles has also risen. This has resulted in increasing the demand for automotive variable oil pumps in heavy and light commercial vehicles. A number of automotive variable oil pump suppliers have long-term supplier contracts with OEMs, as per their specific requirements.

Key Takeaways of Automotive Variable Oil Pump Market Study

Conventional gear pumps controlled with dissipative systems are being replaced by variable oil pumps that can control oil flow rate and pressure without any energy loss.
By regulating the flow of oil at variable pressures, heat transfer can be optimized in the piston and head of the engine. This results in reducing the formation of carbon deposits in the engine. This is one of the key factors that is driving the demand for automotive variable oil pumps.
Automotive variable oil pumps are able to aid 2% fuel savings on consumers drive cycles as compared to conventional engine oil pumps.
Western Europe and North America are expected to hold a substantial market share in the global automotive variable oil pump market through 2030.

"Automotive variable oil pumps offer better fuel efficiency and lower carbon emissions as compared to conventional oil pumps. This feature is playing a key role in positively influencing market growth. Moreover, increasing automotive production will further drive the growth of the global automotive variable oil pump market."

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Automotive Variable Oil Pump Market: Participant Insights

The automotive variable oil pump market is fairly competitive, with the presence of key market participants that have expertise in advanced manufacturing techniques. Market stakeholders in developing markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Furthermore, to endure in the long run, product innovation is one of the key strategies being adopted by market players.

Some of the key market participants in the global automotive variable oil pump market are Continental AG, KSPG AG, Denso Corporation, and Robert Bosch GmbH.

AUTOMOTIVE VARIABLE OIL PUMP MARKET TAXONOMY

The global automotive variable oil pump market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Fuel Type

Gasoline
Diesel
Hybrid

Sales Channel

OEMs
Aftermarket

Vehicle Type

Passenger Cars
LCVs
HCVs

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.