Market Research Report Store offers a latest published report on Electric Oil Pump Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 91 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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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.
According to this study, over the next five years the Electric Oil Pump market will register a 19.5% CAGR in terms of revenue, the global market size will reach US$ 720 million by 2024, from US$ 300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Oil Pump business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Rheinmetall Automotive AG
Hitachi Automotive Systems
Mitsubishi Electric Corporation
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Electric and Hybrid Vehicle
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North America Electric Oil Pump Market Growth 2019-2024
United States Electric Oil Pump Market Growth 2019-2024
Asia-Pacific Electric Oil Pump Market Growth 2019-2024
Europe Electric Oil Pump Market Growth 2019-2024
EMEA Electric Oil Pump Market Growth 2019-2024
Global Electric Oil Pump Market Growth 2019-2024
China Electric Oil Pump Market Growth 2019-2024
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