Industry Background:
The automobile oil pump contributes to the overall health and operation of the vehicle’s engine. Every engine requires an ample amount of oil flow to keep the bearings, camshaft, valvetrain and other moving parts lubricated. It provides oil from oil pan through the oil filter and oil cooler to the engine lubricating points.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | FTE automotive (Germany), Magna International Inc. (Canada), Hitachi Automotive (Japan), Rheinmetall Automotive AG (Germany), Johnson Electric (Hong Kong), Nidec Corporation (Japan), Mitsubishi Electric (Japan), Mikuni American Corporation (United States), MAHLE GmbH (Germany) and Aptiv PLC (Ireland) |
This growth is primarily driven by High Demand for the Passenger Vehicles and Increasing Disposable Income of the People in Developing Regions.
Globally, a noticeable market trend is evident Increasing Demand for Electric Oil Pumps Major Vendors, such as FTE automotive (Germany), Magna International Inc. (Canada), Hitachi Automotive (Japan), Rheinmetall Automotive AG (Germany), Johnson Electric (Hong Kong), Nidec Corporation (Japan), Mitsubishi Electric (Japan), Mikuni American Corporation (United States), MAHLE GmbH (Germany) and Aptiv PLC (Ireland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021, Siemens Energy and Mitsubishi Electric signed a Memorandum of Understanding (MoU) to conduct a feasibility study on the joint development of a high-voltage switching solution with zero global warming potential (GWP) that replaces greenhouse gases with clean air for insulation. concluded. The two companies will explore how to apply clean air insulation technology to higher voltages. They will start with a 245kV dead-tank circuit breaker that will accelerate the availability of climate-neutral high-voltage switching solutions for customers worldwide. The two partners will continue to independently manufacture, sell, and service switchgear solutions.
Influencing Trend:
Increasing Demand for Electric Oil Pumps
Market Growth Drivers:
High Demand for the Passenger Vehicles and Increasing Disposable Income of the People in Developing Regions
Challenges:
Growing Adoption of Hub Motors
Restraints:
Volatility in the Raw Material Prices
Opportunities:
Growing Automobile Industry Worldwide and Technological Advancements in the Automobile Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automobile Oil Pump Market
- Analysis about New Entrants in Automobile Oil Pump Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automobile Oil Pump Study Sheds Light on
The Automobile Oil Pump Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Oil Pump industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile Oil Pump industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.