Electric Oil Pump Market Size, Share, Growth, And Industry Analysis By Type (Integrated Pump, Separate Pump) By Application (Start-Stop System and Electric and Hybrid System), Regional Insights, and Forecast To 2031

Electric Oil Pump Market Report Overview

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The global electric oil pump Market size was USD 435.8 million in 2022 and market is projected to touch USD 2182.3 million by 2031, exhibiting a CAGR of 19.6% during the forecast period.

The automotive electric oil pump efficiently and effectively pumps coolant into a variety of auto systems, including the transmission, engine, and brakes. This moving fluid is used for lubrication, to cool the engine, to lessen friction and wear and tear, and to prevent machine failure. This electric oil pump is powered by an electric motor, which reduces noise and vibration while maintaining optimal oil pressure and increasing fuel efficiency. The market for vehicle electric oil pumps has been stimulated by this.

This specialised and in-depth analysis of the automotive electric oil pump market, with an emphasis on the worldwide market trend analysis, is titled "Global Automotive Electric Oil Pump Market Analysis to 2028." With specific market segmentation by application, electric vehicle type, vehicle type, and geography, the report aims to provide an overview of the automotive electric oil pump market. During the period of forecasting, there is expected to be rapid growth in the market for automotive electric oil pumps.

COVID-19 Impact: In The Midst Of The Industry Downturn Caused By COVID-19, Electric Mobility Sparks Future Growth Prospects

The automobile industry has been greatly impacted by the COVID-19 problem, which has resulted in a major drop in car production and inventory. However, the market for vehicle electric oil pumps is seeing long-term value grab potential as electric mobility gains traction. Manufacturers are growing their operations in China because the nation has one of the largest fleets of electric vehicles, followed by the United States.

Latest Trends

"It Is Anticipated That The Use Of Hybrid Vehicles Would Present The Industry With Huge Prospects"

It is anticipated that the automotive electric oil pumps used in hybrid vehicles would aid in market expansion and create new potential prospects. In addition to being able to feed oil to the vehicle even while the engine is off at high pressure, automobile electric oil pumps can increase engine performance and reduce pollution. The industry is anticipated to experience tremendous growth as a result of the rising adoption of hybrid automobiles that run on environmentally friendly fuels like ethanol.

Electric Oil Pump Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Integrated Pump, Separate Pump. Integrated Pump will be the leading segment during the forecast period.

• By Application Analysis

Based on application, the market can be divided into Start-Stop System, Electric and Hybrid System. Start-Stop System is anticipated to have the dominant market share.

Driving Factors

"Market Is Anticipated To Be Driven By The Growing Emphasis On Decreasing Environmental Pollution From Cars"

While conventional fuels like gasoline and diesel release hazardous pollutants like sulphur dioxide, carbon monoxide, and others when used in automobiles, there are growing environmental concerns as well as rising crude oil prices. These pollutants generate air pollution, which is bad for human health and has an adverse effect on the ecosystem. However, automotive electric oil pumps increase the engine's fuel efficiency by boosting lubrication and lowering friction, which leads to low pollution emissions and better vehicle performance. These elements are anticipated to fuel this industry.

"Increased Focus Of Automakers On Fuel-Efficient Vehicles Will Benefit Market Outlook"

Automakers have implemented cutting-edge technology to fulfil the rising demand for fuel efficiency and vehicle capability. The electronic oil pump contributes to improved vehicle efficiency by delivering fuel at the engine's optimal pressure. For instance, the electronic oil pump helps a hybrid vehicle's start-and-stop engine system while it is stationary by maintaining oil pressure and lubricating the vehicle's parts, further increasing fuel efficiency. These pumps also feed oil even when the engine is off and have high voltage, high oil pressure, high flow rates, and low noise levels. These reasons are therefore propelling the market for automotive electric oil pumps.

Restraining Factors

"Pricey Installation Process For Electrical Pumps Is Anticipated To Impede Market Expansion"

The cost of autos has gone up as a result of electrification because installing an electric oil pump necessitates installing components such an electronic control unit, various electrical sensors, and others. The market's expansion may be hampered by this aspect.

Electric Oil Pump Market Regional Insights

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"Automobile Electric Oil Pump Market Is Expected To Be Dominated By The Asia-Pacific Region"

Due to the high volume of automobile production in the region, the Asia-Pacific region is expected to dominate the global market for automotive electric oil pumps. According to the "International Organization of Motor Vehicle Manufacturers," the Asia-Pacific area produced almost 35 million automobiles in 2019, making it the continent with the greatest automobile production rates in the world. China, Japan, and India were the main producing nations. Vehicles use automobile electric oil pumps to create vacuums more effectively and with fewer emissions of pollutants.

During the forecast period, these factors are anticipated to boost market growth. Due to the increasing vehicle production by manufacturers like Suzuki, Toyota, Honda, and others, the Automotive Electric Oil Pump Market in APAC will account for the highest share in 2021. Additionally, the market for the APAC region is being driven by the rise in demand for passenger cars in nations like China, South Korea, and Japan. Additionally, over the past ten years, concerns about ecological imbalances brought on by vehicle emissions have grown in nations like Malaysia, China, and India. Major automakers have been pushed to focus more on producing low-emission automobiles as a result of this issue. Electric oil pumps use a lubricating procedure to preserve fuel economy and lower emissions, which is further thought to drive market demand.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP Electric Oil Pump COMPANIES

• Nidec Corporation (Japan)
• SHW Group (Germany)
• Rheinmetall Automotive AG (Germany)
• AISIN SEIKI (Japan)
• Hanon Systems (Korea)
• Mitsuba Corporation (Japan)
• Sanhua (China)
• LG Innotek (South Korea)
• Yamada (Japan)
• EMP (Germany)
• Hitachi Automotive Systems (China)
• Buehler Motor (Germany)
• Mitsubishi Electric Corporation (Japan)
• EBM Papst (Germany)
• Fuxin Dare (China)
• Vitesco Technologies (Germany)
• Bosch (Germany)
• Brose (Germany)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.