Automotive Electrically Operated Oil Pump Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The automotive industry witnessed a major transformation with the integration of these pumps in internal combustion engines (ICE) and electric powertrains. Electrically operated oil pumps provide better control over oil flow, helping to maintain optimal engine performance and reduce energy consumption. These benefits have driven their widespread adoption in modern automotive designs, making them indispensable for automakers focused on sustainability and innovation. As a result, the market saw a surge in demand during this period, particularly in developed markets like North America, Europe, and parts of Asia.
From 2023 to 2033, the demand for Automotive Electrically Operated Oil Pumps is expected to continue its upward trajectory. With the growing shift towards electric vehicles and the ongoing emphasis on reducing vehicle emissions, automakers are increasingly focusing on advanced technologies such as these pumps to enhance vehicle efficiency. Additionally, the trend of reducing mechanical complexities in modern powertrains aligns perfectly with the increasing use of electric pumps, driving further demand. By 2033, the market is expected to witness robust growth as global automotive production adapts to the rising demand for cleaner, more efficient vehicles.
The evolution of regulatory standards that aim to reduce carbon footprints, coupled with consumer preference for eco-friendly vehicles, will continue to influence the market positively. Moreover, the development of advanced oil pump designs tailored for electric vehicles, coupled with the improvement in battery performance, is expected to open new opportunities in the automotive sector.
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The Automotive Electrically Operated Oil Pump Market has experienced significant growth between 2018 and 2022, driven by advancements in automotive technologies and increasing demand for energy-efficient vehicles. This growth is attributed to the rapid adoption of electric vehicles (EVs), hybrid vehicles, and innovations in pump technology. In the period from 2018 to 2022, automakers focused on optimizing fuel efficiency and reducing CO2 emissions, leading to the increased use of electrically operated oil pumps, which offer better performance and efficiency compared to traditional mechanical pumps.
Nidec Corporation
Sanhua
Rheinmetall Automotive
SHW Group
JTEKT
FTE Automotive
Hanon Systems
AISIN SEIKI
Mitsubishi Electric Corporation
Buehler Motor
Mitsuba Corporation
Youngshin Precision
EMP
Hitachi Astemo
SLPT Automotive
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Electrically Operated Oil Pump Market
Start-Stop System
EV eDrive
Based on Types the Market is categorized into Below types that held the largest Automotive Electrically Operated Oil Pump market share In 2023.
Integrated Pump
Separate Pump
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Electrically Operated Oil Pump Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Electrically Operated Oil Pump Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Electrically Operated Oil Pump Market, By Type
6. Global Automotive Electrically Operated Oil Pump Market, By Application
7. Global Automotive Electrically Operated Oil Pump Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Electrically Operated Oil Pump Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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