Electric Auxiliary Oil Pump Market Outlook and Forecast from 2024 to 2031
The "Electric Auxiliary Oil Pump Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Electric Auxiliary Oil Pump market is expected to grow annually by 8.6% (CAGR 2024 - 2031).
This entire report is of 178 pages.
Electric Auxiliary Oil Pump Introduction and its Market Analysis
The Electric Auxiliary Oil Pump market research report highlights the increasing demand for efficient energy management systems in vehicles, driving the market's growth. Electric Auxiliary Oil Pump is designed to provide additional oil pressure to support various vehicle systems, improving overall performance and reducing fuel consumption. Major players in the market include Nidec Corporation, SHW Group, Rheinmetall Automotive, and AISIN SEIKI, among others. The report suggests that advancements in automotive technology and the increasing focus on sustainability are key factors propelling the market forward. The report recommends focusing on product development and expanding market reach to capitalize on growth opportunities.
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The Electric Auxiliary Oil Pump market is seeing significant growth with the increasing adoption of advanced technologies in automotive industry. The market is segmented based on types of pumps - Integrated Pump and Separate Pump, catering to different applications like Start-Stop System and EV eDrive. These pumps are crucial in ensuring efficient lubrication and cooling of vehicle engines, especially in hybrid and electric vehicles.
Regulatory and legal factors specific to market conditions are also shaping the growth of Electric Auxiliary Oil Pump market. Stringent emission norms and regulations in various countries are driving the demand for electric vehicles, in turn boosting the market for auxiliary oil pumps. Additionally, government incentives and subsidies for electric vehicle adoption are further fueling the market growth.
Overall, the Electric Auxiliary Oil Pump market is poised for significant growth in the coming years, driven by the increasing focus on sustainability and environmental regulations. Manufacturers in the market are focusing on developing innovative and efficient solutions to meet the growing demand in the automotive industry.
Top Featured Companies Dominating the Global Electric Auxiliary Oil Pump Market
The Electric Auxiliary Oil Pump Market is highly competitive with key players such as Nidec Corporation, SHW Group, Rheinmetall Automotive, AISIN SEIKI, Hanon Systems, Sanhua, FTE Automotive, Mitsubishi Electric, Buehler Motor, Mitsuba Corporation, LG Innotek, Yamada, EMP, Hitachi Astemo, EBM Papst, and Fuxin Dare operating in the market. These companies offer a wide range of electric auxiliary oil pumps that cater to various applications in automotives, industrial machinery, and other sectors.
Nidec Corporation, a leading player in the market, offers high-quality electric auxiliary oil pumps known for their efficiency and durability. SHW Group is known for its innovative products and advanced technologies in the electric auxiliary oil pump market. Rheinmetall Automotive focuses on providing reliable and performance-driven solutions to its customers. AISIN SEIKI, a major player in the market, offers a diverse range of electric auxiliary oil pumps for automotive applications.
These companies help grow the Electric Auxiliary Oil Pump Market by investing in research and development, expanding their product portfolio, and focusing on strategic partnerships and collaborations. They also cater to the growing demand for electric vehicles, which require efficient oil pump systems for optimal performance.
A few of the above-listed companies such as Nidec Corporation, AISIN SEIKI, and Mitsubishi Electric have reported significant sales revenue in recent years. Nidec Corporation reported sales revenue of $ billion in 2020, AISIN SEIKI reported sales revenue of $34.4 billion in 2020, and Mitsubishi Electric reported sales revenue of $40.9 billion in 2020. These companies' strong financial performance showcases their dominance in the Electric Auxiliary Oil Pump Market and their ability to meet customer demands effectively.
- Nidec Corporation
- SHW Group
- Rheinmetall Automotive
- AISIN SEIKI
- Hanon Systems
- Sanhua
- FTE Automotive
- Mitsubishi Electric
- Buehler Motor
- Mitsuba Corporation
- LG Innotek
- Yamada
- EMP
- Hitachi Astemo
- EBM Papst
- Fuxin Dare
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Electric Auxiliary Oil Pump Market Analysis, by Type:
- Integrated Pump
- Separate Pump
Integrated Pump - This type of electric auxiliary oil pump is integrated into the main engine system, making it more compact and efficient. It is commonly used in vehicles with start-stop systems and hybrid vehicles.
Separate Pump - This type of electric auxiliary oil pump is installed separately from the main engine system, allowing for more customization and flexibility. It is commonly used in heavy-duty vehicles and machinery where additional lubrication is required.
These types of pumps help in boosting the demand of the electric auxiliary oil pump market by providing improved efficiency, reduced emissions, and enhanced performance in various automotive and industrial applications.
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Electric Auxiliary Oil Pump Market Analysis, by Application:
- Start-Stop System
- EV eDrive
The Electric Auxiliary Oil Pump is used in applications such as Start-Stop Systems and EV eDrive to improve fuel efficiency and reduce emissions. In start-stop systems, the pump maintains oil pressure during engine shutdowns to ensure quick restarts. In EV eDrive systems, it helps cool electric components and lubricate moving parts for optimal performance. The fastest growing application segment in terms of revenue is the EV eDrive, as the demand for electric vehicles continues to rise globally, driving the need for efficient and reliable auxiliary oil pumps in electrified drivetrains.
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Electric Auxiliary Oil Pump Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Electric Auxiliary Oil Pump Market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The Asia-Pacific region is expected to dominate the market with a market share of around 40%, followed by Europe with a market share of 30%. North America and Latin America are also expected to show considerable growth with market shares of 20% and 10% respectively.
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