Press release
Automotive Pumps Market Global Industry Analysis From 2018 To 2022: Size, Share, Manufacturer Outlook
The electric automotive pumps are controlled using an ECU which helps them to adapt to situation, thereby increasing the fuel economy.
Automotive Pumps Market Companies Analyzed in report are:
Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive and SHW AG.
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Automotive Pumps Market Highlights:
The major driving factors for the global automotive pumps market are rising vehicle production, growing vehicle electrification, increasing execution of environmental regulations and manufacturers increasing integration of advanced automation techniques such as automatic transmission and gasoline turbocharged direct injection into vehicles to restrict automobile emissions worldwide.
Manufacturers are designing fixed displacement oil pumps to allow maximum oil to be circulated through the engines for absorbing the heat generated, lubricating the moving parts, and reducing the wear and tear. The excess oil is redirected to the oil reservoir, for which the automotive oil pump utilizes a considerable amount of engine power, which affects the working of the engine. The increasing demand for passenger cars and heavy trucks, especially in the developing countries will drive the global automotive pump market during the forecast period.
However, the growth of the automotive pumps market is expected to be restrained by the stringent norms by government agencies for use of traditional internal combustion engines which generate high toxic emissions. The rise in demand for electric vehicles will consequently affect the automotive pump market.
Market Segmentation:
Automotive Pumps Market report 2018 provides Market Segmentation by product, Technology, Vehicle type, and Region.
Geographic Analysis:
Asia pacific is referred as fastest and largest growing market for automotive Pumps. Countries such as china and India showing growth due to attributing features such as light weight vehicles as well as enhanced fuel efficiency. Increased production capacity in terms of volume and new facilities with innovative technological advancements are driving the market of automotive pumps in the APAC region.
Whereas, Western Europe ranked second for the automotive pumps. Moreover, innovation in ICT segment is referred as a key competence for the growth in this region. Already existing major market players are heavily investing in research and development which is expected to further fuel the demand for automotive pumps market in this region.
Target Audience of Report:
This report mainly focuses on Automotive Pumps manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Pumps market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Pumps market are studied in this report.
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Global Automotive Pumps market Research Insights:
The report for Global Automotive Pumps Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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