Automotive Electric Oil Pump, Global Market Size Forecast, Top 15 Players Rank and Market Share (Internet Services - Other Internet Services)
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Item ID 2853886 in Category: Internet Services - Other Internet Services
Automotive Electric Oil Pump, Global Market Size Forecast, Top 15 Players Rank and Market Share | |
Automotive 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 and electric vehicles. According to the new market research report “Global Automotive Electric Oil Pump Market Report 2023-2029”, published by QYResearch, the global Automotive Electric Oil Pump market size is projected to reach USD 1.59 billion by 2029, at a CAGR of 17.0% during the forecast period. Market Drivers: Global EV sales continued strong. A total of 10.5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. Restraint: Cyclical decline in the automotive industry. Intense industry competition. Risks arise from rising raw material price. Opportunity: Stricter emissions regulations worldwide are pushing automakers to improve fuel efficiency and reduce emissions. Electrically operated oil pumps can enhance engine efficiency by providing precise oil flow control, reducing friction, and improving overall engine performance. As regulations continue to tighten, the demand for such systems is likely to grow. The ongoing shift toward electric and hybrid vehicles is creating opportunities for electric oil pumps. These vehicles require efficient lubrication systems to optimize the performance of their electric drivetrains, as well as to cool and lubricate their components. The increasing adoption of start-stop systems in conventional vehicles to conserve fuel and reduce emissions also benefits electric oil pumps. These systems shut off the engine when the vehicle is stationary and restart it when needed. QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target State: All States Target City : All Cities Last Update : 20 March 2024 7:44 AM Number of Views: 24 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-04-27 (0.389 sec)