Electric oil pump circulates oil or a lubricant fluid under pressure in an intelligent way, so that the fluid flow is controlled electrically and independently.
PORTLAND, OR, UNITED STATES, November 3, 2021 /EINPresswire.com/ — Electric oil pump circulates oil or a lubricant fluid under pressure in an intelligent way, so that the fluid flow is controlled electrically and independently. This flow mechanism of fluid is utilized for lubrication, for cooling the engine, reduce wear & tear, and friction, thus, helps to avoid machine break down. The use of electric oil pump improves engine efficiency of a vehicle. Improper functioning of oil pump hampers performance of different systems, such as transmission, engine, and braking system, which leads to huge loss, hence, electric pumps are preferred over conventional pump. An electric oil pump is driven by an electric motor, produces minimal noise and vibration, and maintains optimum oil pressure with low power consumption and high fuel efficiency. This has influenced the automotive electric oil pump market.
Download Report (350 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5614
Major Market Players:
• FTE automotive
• Hitachi Automotive
• Rheinmetall Automotive AG
• Johnson Electric
• Nidec Corporation
• Mitsubishi Electric
• Mikuni American Corporation
• HUSCO Automotive
• MAHLE Group
• Delphi Automotive PLC.
The factors that drive the growth of the automotive electric oil pump market include growth in demand for fuel efficient vehicles, increase in installation of electric power steering in passenger cars, rise in concerns about the environment and carbon emissions, and high penetration of these pumps in hybrid electric vehicles. Governments of different countries across the globe are providing incentives to purchase battery electric vehicles to reduce vehicle emissions. This, in turn, promotes the battery electric vehicle segment of the automotive electric oil pump market. In addition, the factors that restrain the market include global rise in price of raw material and high cost of electric pump installation in vehicles. However, growing demand for automatic transmission systems in vehicles and increasing government regulations for fuel efficient vehicles in developing nations to control pollution provide opportunities for the growth of the automotive electric oil pump market.
The automotive electric oil pump market is segmented on the basis of application, electric vehicle type, hybrid electric vehicle, vehicle type, distribution channel, and region. On the basis of application, it is categorized into transmission oil pump, engine oil pump, and brake oil pump. By electric vehicle type, it is classified into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV). By vehicle type, it is bifurcated into passenger vehicles and commercial vehicles. By distribution channel, it is divided into OEM and aftermarket. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
• This study comprises analytical depiction of the automotive electric oil pump market with current trends and future estimations to depict the imminent investment pockets.
• The overall potential is determined to understand the profitable trends to gain a stronger foothold in automotive electric oil pump industry.
• The automotive electric oil pump market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market forecast is quantitatively analyzed from 2019–2026 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/5614
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Source: EIN Presswire