Automotive Electric Oil Pump Market Size Was Valued at USD 9.1 Billion in 2023, and is Projected to Reach USD 45.2 Billion by 2032, Growing at a CAGR of 19.5% From 2024-2032.

Market Overview

Automotive Electric Oil Pump represents a product segment within the automotive sector focused on the design, production, and distribution of electrically driven oil pumps for various automotive applications. Unlike traditional mechanical oil pumps that function via the engine, electric oil pumps are powered by electric motors; hence, the oil flow and pressure can be adjusted to specific programmed levels. These pumps are primarily utilized in applications such as transmission, engine, differential, and various mechanical systems to offer essential lubrication, cooling, and energy functions. The global market for Electronic Oil Pumps has grown mainly due to the increasing prevalence of electric and hybrid vehicles, as these pumps operate separately from the internal combustion engine, which is their main power source.

• The electric oil pump enhances fuel efficiency. By decreasing the strain on the engine, it enables the vehicle to use less fuel, rendering it an essential element in fulfilling increasing needs for more fuel-efficient cars. Additionally, the accurate management it provides for the oil flow within the engine guarantees that each component is sufficiently lubricated, even during idling.

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Automotive Electric Oil Pump Market Top Key Player 

Aisin Seiki Co., Ltd. (Japan), BorgWarner Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), FTE Automotive Group (Germany), Hella GmbH & Co. KGaA (Germany), Hitachi Automotive Systems, Ltd. (Japan), Johnson Electric Holdings Limited (Hong Kong), MAHLE GmbH (Germany), Mitsubishi Electric Corporation (Japan), Rheinmetall Automotive AG (Germany), Robert Bosch GmbH (Germany), Schaeffler AG (Germany), Valeo SA (France), ZF Friedrichshafen AG (Germany) and Other Active Players

Automotive Electric Oil Pump Market Trend Analysis:

Increase in Electric and Hybrid Vehicle Manufacturing: Among all the trends identified in the Automotive Electric Oil Pump Market, the growth in the manufacturing of electric and hybrid cars remains at the forefront. With the overall movement towards adopting eco-friendly and efficient types of transport, there has been an increase in the automotive sector in the area of electric and hybrid vehicles. This has been prompted by state-driven initiatives such as incentives, subsidies, and legal structures that support the low carbon economy and environmental Appendices, Annex 3. Since electric oil pumps are utilized as part of the equipment of these vehicles, their demand is increasing simultaneously. In traditional ICE vehicles, the oil pump operates mechanically, whereas in electric and hybrid vehicles, the oil pump functions as an electrically driven device to provide proper lubrication and cooling. This trend is fueled by the rise in investments from automotive manufacturers into the creation of electric and hybrid vehicles, which will surely boost the demand for electric oil pumps.

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Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Electric Oil Pump Market 

Automotive Electric Oil Pump Market Segmentation

By EV Type

• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Application

• Transmission Oil Pump
• Engine Oil Pump
• Brake Oil Pump

Regional Analysis:

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key questions answered in the Automotive Electric Oil Pump Market are:

• Which is the fastest growing region in the Automotive Electric Oil Pump Market?
• What is the growth rate of the Automotive Electric Oil Pump Market?
• What are the upcoming opportunities and trends for the Automotive Electric Oil Pump Market?
• What segments are covered in the Automotive Electric Oil Pump Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Electric Oil Pump Market?
• Which are the factors expected to drive the Automotive Electric Oil Pump Market growth?

Our market research study carefully examines the overall industry, covering all essential market fundamentals. Through an extensive range of primary and secondary sources, we establish a robust foundation for our findings. To enhance the comprehensiveness of our evaluation, we employ industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.

With a precise examination of the overall industry, our Automotive Electric Oil Pump market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.

Key Benefits Of Report: 

• This study comprises analytical depiction of the Automotive Electric Oil Pump Market size 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.
• The Automotive Electric Oil Pump Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current growth and Automotive Electric Oil Pump Market forecast is quantitatively analyzed from 2017 to 2032 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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