Electrically Operated Oil Pump Market Size, Share, Growth and Industry Analysis by Type (Integrated Pump, And, Separate Pump) By Application (Start-Stop System and, EV E-Drive) Regional Insights and Forecast to 2032

ELECTRICALLY OPERATED OIL PUMP MARKET REPORT OVERVIEW

• 

•  Request a Free Sample to learn more about this report

The global electrically operated oil pump market size was USD 508 million in 2022 and will touch USD 1589.7 million by 2029, exhibiting a CAGR of 17.0% during the forecast period.

An oil pump, operated electrically, is a crucial aspect in varied mechanical systems, with the aim of providing lubrications in a steady and adequate manner. This type of pump operates on an electric motor and is widely used in the automotive, industrial, and heating and air conditioning industries to move oil at high pressure to gears, bearings and engines. It is electrically powered, which enables flows rate and pressure control, thus enhancing an efficient lubrication process as well as cutting short equipment wear and tear. Such pumps have proven to enhance operational reliability of all the equipment, energy efficiency and longevity of equipment.

COVID-19 impact: Distortion in Production and Supply Chain of Electrically Operated Oil Pumps during Pandemic Decreased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The problem arose with the advent of COVID 19 as it significantly distorted the production and supply chain of electrically operated oil pumps by halting factory operations and Logistic Issues. Though the growth slowed down due to a decline in certain industries, it soon revived itself thanks to sectors such as the automotive and manufacturing industries that triggered demand for these pumps. Businesses were forced to revolutionize quickly the digitalization and automation measures to sustain their operations against such disruptions. The pandemic also brought awareness towards the maintenance of critical machinery and equipment, which forms the backbone of indispensable operations such as electrically operated oil pumps in various operational sectors, thereby refining the focus towards securing dependable and efficient components which are pivotal for continued business functionality for industries.

LATEST TRENDS

"Incorporation of IoT to Accelerate Market Growth"

Recent innovations in electrically operated oil pumps incorporate basic concepts such as power efficiency and converging with intelligently controlled systems. The manufacturers have developed options of using controls with speed which help to vary the working capacity of the pump depending on the needs of the engine reducing energy use and wear of parts. Furthermore, the incorporation of IoT sensors ensures concerns checking of the pump with a view of identifying problems and solving them before they happen due to the automated analysis of their functioning. These advancements do make the Life and dependability of the pumps more enhanced and to a large level adds efficiency to the total systems in automobiles and Industries. All of these factors are driving the electrically operated oil pump market growth.

ELECTRICALLY OPERATED OIL PUMP MARKET SEGMENTATION

• 

•  Request a Free Sample to learn more about this report

By Type

Integrated pump, and, separate pump

• Integrated Pump: An integrated pump forms part of the system in which it is used in and is usually designed in a modular way to take less space and be very efficient since there are not corners that were joined together. That is because integration of these sub-systems usually results into enhanced performance and minimal maintenance.

• Separate Pump: The individual pump, as distinguished from the standard series system, creates optimal flexibility and easy installation and maintenance. This type of the pump is easy to replace and does not require any complicated changes in the main system if its particular operational requirements should be changed or increased, which is very convenient.

By Application

Start-Stop System and, EV e-drive

• Start-Stop System: A start-stop system turns the engine off within an idling vehicle and with a simple press of the accelerator reactivates it, helping reduce emissions and improve fuel economy in congested traffic.

• EV eDrive: EV eDrive system is a set of electric motors, power electronics as well as a battery; all of which provide power solely mechanically to promote efficiency in emission free driving and recuperation in electric cars.

DRIVING FACTORS

"Drive For Higher Efficiency and Environmental Friendliness in Automotive and Industrial Uses to Propel Market Growth"

Some drivers in the electrical operated Oil pumps include the drive for higher efficiency and environmentally friendliness in automotive and industrial uses. As the global trend towards electrification in vehicles emerges, optimizing the efficiency of oil pump systems is required to reduce energy inefficiencies and pump loss. This is as a result of increased use of electric pumps since they emit low levels of pollutants than the mechanical pumps as an outcome of stern regulation ever imposed in the environment. It also drives innovations such as electric pumps managed by IoT systems for monitoring and slimming down the chances of frequent caring for breakdowns, enhancing efficiency. All of these factors are driving the electrically operated oil pump market share.

"Newer Vehicles with Self-Driving Features and Electric Automobiles to Propel Market Growth "

Other driving forces that have encouraged the use of electrically operated oil pumps are high technological advancement in new milling, drilling and turning machinery that require high accuracy in lubrication mechanisms in industries. Newer vehicles with self-driving features and electric automobiles necessitate enhanced oil pump systems that can adapt to the distinctive power train structures of these cars and cater to their demands. Also, concentrating on boosting fuel economy and decreasing vehicle emissions leads to the use of electric pump systems with variable speed control and acceptable lubrication methods. Moreover, innovations on the utility of the electric motor and better materials enhance the efficiency and longevity of the oil pump that is in demand in the market.

RESTRAINING FACTOR

"Need For Specialized Training and Maintenance Expertise to Decrease Market Growth"

Restraining factors in electrically operated oil pumps include the initial high costs of implementation and potential compatibility issues with existing systems, hindering widespread adoption. Concerns regarding the reliability and durability of electric pumps, especially in harsh operating conditions, also pose challenges. Additionally, the need for specialized training and maintenance expertise may deter some users. Furthermore, the availability of alternative lubrication technologies and competing priorities for research and development investments may slow down advancements in electric pump technology. Regulatory uncertainties and standards divergence across regions can further impede market growth and standardization.

ELECTRICALLY OPERATED OIL PUMP REGIONAL INSIGHTS

• 

•  Request a Free Sample to learn more about this report

"Asia Pacific to Dominate The Market Due to Well Developed Aerospace Industry"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

The fastest-growing market for electrical pump in the oil sector is Asia-Pacific because of expanding automotive and industrial industries especially in China, Japan as well as Korea. These nations possess robust industrial strengths alongside technology know-how, fostering innovation and production of sophisticated pump systems. In addition, the growth of the region’s electric vehicle market further strengthens the consumption of oil pump solutions. Other factors favoring the market increase are government programs supporting the use of energy-efficient products and caring for the environment. Besides non-operational factors such as industry players involved and human resource, Asia-Pacific continues to lead in manufacturing and development of electrically operated oil pump.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market. This report provides a detailed view on how the industries implement these strategies

List of Market Players Profiled

• Nidec Corporation (Japan)
• Sanhua (China)
• Rheinmetall Automotive (Germany)
• SHW Group (Germany)
• JTEKT (Japan)
• FTE Automotive (Germany)
• Hanon Systems (South Korea)
• AISIN SEIKI (Japan)
• Mitsubishi Electric Corporation (Japan)
• Buehler Motor (Germany)
• Mitsuba Corporation (Japan)
• Youngshin Precision (South Korea)
• EMP (Germany)
• Hitachi Astemo (Japan)
• SLPT Automotive (China)

INDUSTRIAL DEVELOPMENT

May 2020: JTEKT integrated a novel electrically operated oil pump with innovative features such as drive mechanism monitoring in 2020. It incorporates built-in sensors and machine learning capability to constantly track critical performance indices, thus providing early indication of system failure besides improving the oil management mechanism. As a result, this product changes current maintenance approaches by offering advice and minimizing the time equipment is offline, so it increases dependability and the service life of essential vehicles and manufacturing tools in automobiles and the industrial sector.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.