The universal Electric Oil Pump market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Electric oil pump is an oil pump driven by the electric motor and is used to maintain oil pressure and lubricate the automatic-transmission/continuously-variable-transmission during engine stop of such as stop-start vehicles.
Automotive pump is a crucial component found in all types of vehicles, but advances in automotive technology has continued to influence its design and application prospects. As global sales of vehicles continue to grow, it also ushers the demand for various automotive components and parts including automotive pumps.
The industry remains focused on developing more efficient automotive technologies to reduce fuel consumption as well as to abide with international emissions-control laws. Government and policymakers across the globe increase their efforts to put cleaner transport system on road. Stricter emission laws have been imposed on the auto sector in several countries. As such, automakers are bound to increase their efforts towards electric mobility. The aforementioned factors are playing an important role in driving innovation in automotive pumps.
In the global Electric Oil Pump market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
Nidec Corporation
SHW Group
FTE automotive
AISIN SEIKI
Rheinmetall Automotive AG
Hitachi Automotive Systems
Magna
LG Innotek
ZF-TRW
Slpt
Mitsubishi Electric Corporation
EMP
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Separate Pump
Integrated Pump
In market segmentation by applications :
Start-Stop System
Electric and Hybrid Vehicle
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Oil Pump market for the forecast period 2020 - 2025?
• What are the driving forces in the Electric Oil Pump market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Oil Pump industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?