Electric Mobility Sparks Future Growth Prospects Amid Industry Downturn Due to COVID-19
The COVID-19 crisis has had a multifaceted impact on the automotive industry, which has led to a significant decrease in vehicle production and inventories. However, electric mobility is gaining momentum, and is creating long-term value grab opportunities for companies in the automotive electric oil pump market. Manufacturers are expanding their businesses in China, since the country has one of the highest numbers of e-car fleets, followed by the U.S.
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In 2021, industry expects sales to continue to recover. However, it is anticipated that it could even take up to 3-5 years for the automotive industry to return to its normalcy, based on downturns incurred in the year 2020, due to the coronavirus outbreak. As such, newly registered passengers in electric mobility are predicted to keep economies running in the automotive electric oil pump market.
New Electric Oil Pumps Ensure Good Performance at Low Oil Temperatures
The automotive electric oil pump market is slated to clock as astonishing CAGR of ~24% during the forecast period. However, there is a need for electric oil pumps that overcome the problem of low torque at low speeds to ensure good performance even at very low oil temperatures. Hitachi Automotive Systems Americas, Inc. has recognized this issue and is gaining proficiency to develop electric oil pumps that cool the transmission in a hybrid car.
Companies in the automotive electric oil pump market are developing systems that maintain the oil pressure in the transmission while the engine is at halt.
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Custom Designed Electric Oil Pumps Enhance Energy Efficiency in EVs
Smart solutions for actuation, lubrication, and cooling in electric vehicles (EVs) are translating into revenue opportunities for manufacturers in the automotive electric oil pump market. Bosch Mobility Solutions is gaining popularity for its electric oil pumps that are compact, optimize pumping elements, and lower noise vibration harshness. Companies in the automotive electric oil pump market are tapping into incremental opportunities in India, since Tata Motors, Mahindra Group, and Maruti Suzuki India Limited have announced to launch of EVs under INR 15 lacs for Indian buyers.
Modular power classes and hydraulic components in oil pumps are revolutionizing electric mobility. Custom designed electric oil pumps are enabling automated transmission lubrication and cooling. With fully integrated design pumps, motors, and electronic control units, the result is energy savings.
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Electronic Transmission Oil Pumps Eliminating Need of Electrolytic Capacitors
The automotive electric oil pump market is expected to exceed the valuation of US$ 76.4 Bn by 2031. Intelligent transmission oil pumps for high performance applications have the potential to fully replace mechanical pumps. Vitesco Technologies - a producer of efficient electrification technologies for vehicles is developing electronic transmission oil pumps that are eliminating the need of electrolytic capacitors.
Manufacturers in the automotive electric oil pump market are increasing their R&D muscle to integrate sensors in electronic transmission oil pumps that reduce further efforts with the wiring. Such oil pumps are gaining prominence in battery EVs, commercial vehicles, and off-highway applications.
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The Automotive Electric Oil Pump market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the automotive electric oil pump market include AISIN SEIKI, Delphi Automotive PLC., DENSO CORPORATION, FTE automotive, Hitachi Automotive, HUSCO Automotive, LLC, Johnson Electric, Magna International, MAHLE Group, Mikuni American Corporation, Mitsubishi Electric, Nidec Corporation, Rheinmetall Automotive AG, Robert Bosch GmbH, SHW AG and ZF Friedrichshafen AG among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Electric Oil Pump Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-electric-oil-pump-market/download-sampleMarket DynamicsThe continuous increase in demand for passenger vehicles owing to rapid urbanization, rising disposable income, and stable economic conditions, is driving the market growth.
Owing to its characteristics such as operating at high pressure and also help in reducing CO2 emission from engines are likely to drive the market.
Advanced features and benefits over mechanical pump help in adoption of electric pump over the forecast period.
Electric Oil Pump Market Revenue, 2016-2021, 2022-2027, ($ millions) Global Electric Oil Pump Market Sales, 2016-2021, 2022-2027, (K Units) Global top five Electric Oil Pump companies in 2020 (%)The global Electric Oil Pump market was valued at 343.3 million in 2020 and is projected to reach US$ 732.5 million by 2027, at a CAGR of 20.9% during the forecast period.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6548530/global-electric-oil-pump-2021-2027-690We Surveyed the Electric Oil Pump manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.Total Market by Segment:Global Electric Oil Pump Market, By Type, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Electric Oil Pump Market Segment Percentages, By Type, 2020 (%)Power 250W-400WPower 100W-150WPower Below 100WGlobal Electric Oil Pump Market, By Application, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Electric Oil Pump Market Segment Percentages, By Application, 2020 (%)Actuate GearsAuxiliary LubricationCooling eDriveGlobal Electric Oil Pump Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions) & (K Units)Global Electric Oil Pump Market Segment Percentages, By Region and Country, 2020 (%)North AmericaUSCanadaMexicoEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesBeneluxRest of EuropeAsiaChinaJapanSouth KoreaSoutheast AsiaIndiaRest of AsiaSouth AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaTurkeyIsraelSaudi ArabiaUAERest of Middle East & AfricaCompetitor AnalysisThe report also provides analysis of leading market participants including:Key companies Electric Oil Pump revenues in global market, 2016-2021 (Estimated), ($ millions)Key companies Electric Oil Pump revenues share in global market, 2020 (%)Key companies Electric Oil Pump sales in global market, 2016-2021 (Estimated), (K Units)Key companies Electric Oil Pump sales share in global market, 2020 (%)Further, the report presents profiles of competitors in the market, key players include:Nidec CorporationSHW GroupRheinmetall Automotive AGAISIN SEIKIHanon SystemsFTE AutomotiveMitsuba CorporationSanhuaLG InnotekYamadaEMPHitachi Automotive SystemsBuehler MotorMitsubishi Electric CorporationEBM PapstFuxin DareVitesco TechnologiesBoschBroseReasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment6.
