Global Electric Oil Pump Market Overview:
The electric oil pump is an oil pump driven by the electric motor. The oil pump was mounted to the bottom of the engine, inside the oil pan. It is used to maintain oil pressure and lubricate the automatic transmission/continuously-variable-transmission during engine stop of such as stop-start vehicles.
Growth Drivers
- Growth in Demand for Fuel-efficient Vehicles
- Increase in the Installation of Electric Power Steering in Passenger Cars
Roadblocks
- High Cost of Electric Pump Installation in Vehicle
Opportunities
- The Surge in the Growth of the Automotive Industry in Developing Economies
Competitive Landscape:
Some of the key players profiled in the report are Nidec Corporation (Japan), SHW Group (Canada), FTE automotive (Germany), AISIN SEIKI (Japan), Rheinmetall Automotive AG (Germany), Hitachi Automotive Systems (Japan), Magna International Inc. (Canada), LG Innotek (South Korea), TRW Automotive Holdings Corp. (United States) and Mitsubishi Electric Corporation (Japan). Analyst at AMA Research see United States Vendors to retain maximum share of Global Electric Oil Pump market by 2026.
What Can be Explored with the Electric Oil Pump Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Oil Pump Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Oil Pump
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Oil Pump market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Oil Pump market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.