Global Automotive Electric Fuel Pumps Market Size By Technology (Turbine Style, Sliding Vane), By Application (Passenger Cars, Light Commercial Vehicles), By Product (Brushed DC, Brushless DC), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Automotive Electric Fuel Pumps Market Size And Forecast
Automotive Electric Fuel Pumps Market size was valued at USD 13.85 Billion in 2021 and is projected to reach USD 18.80 Billion by 2030, growing at a CAGR of 4.45% from 2022 to 2030.
Your car's electric fuel pump? Yeah, that's the little guy that gets the gas from the tank to the engine, making it pretty darn important! With more and more cars being made and sold, especially in places like India, China, and Indonesia, we're expecting the market for these pumps to really take off. And hey, they're better than the old mechanical ones anyway – more fuel-efficient, longer-lasting, more reliable, and quieter too. Want to dive deep? There's this Global Automotive Electric Fuel Pumps Market report that really breaks everything down – the important parts, what's popular, what's pushing things forward (and holding them back), who the big players are, and basically what's shaping the whole scene.
Global Automotive Electric Fuel Pumps Market Definition
An automotive electric fuel pump is a device that pumps gasoline or fuel from the gas tank to the engine’s injectors. The pump creates positive electrical pressure in the fuel lines, which transports gasoline to the internal combustion engine. It is often placed in passenger automobiles, as well as light and large commercial vehicles, and is programmed to transmit signals to the engine indicating the amount of gasoline necessary in the tank.
In compared to standard mechanical pumps, it has a longer service life, less noise, better fuel supply, and better interference suppression. Over time, automotive electric fuel pumps have progressed from simple mechanical functioning to electrically controlled capability. Because of greater fuel efficiency and the implementation of modern technologies for better vehicle performance, the use of electrical injectors has expanded significantly when compared to their mechanical counterparts.
Global Automotive Electric Fuel Pumps Market Overview
You've probably noticed a big change happening with carsengine downsizing. Automakers are using cool new tech like turbochargers, superchargers, and direct injection to make smaller engines that are just as powerful, or even more powerful, than the old, bigger ones. Why bother? Well, smaller engines mean lighter cars, and that means better gas mileage for both gasoline and diesel vehicles. For instance, a lot of cars these days have a 4-cylinder engine instead of a 6-cylinder. That little 4-cylinder has to work harder, creating more pressure, to give you the same oomph as a bigger engine, but it's all about being more efficient. Plus, shrinking engine size helps automakers meet those ever-tougher emission standards they have to follow.
In the coming years, engine downsizing is likely to open up new commercial prospects for the automotive fuel injection pump industry. However, Electric cars have evolved as a viable alternative to traditional gasoline vehicles, particularly in urban and suburban regions. These cars are beneficial to the environment and do not generate dangerous gases. As a result, several nations’ regulatory agencies are adopting initiatives to enhance the adoption rate of electric cars, such as battery electric vehicles. The increased demand for electric vehicles is likely to stymie the growth of the Automotive Electric Fuel Pumps Market over the forecasted period.
A plug-in hybrid electric vehicle (PHEV) is basically an electric car that you can charge by plugging it into an outlet. It also has a regular gas engine, just in case! You'll see more and more PHEVs around, especially as passenger cars, but they're also popping up as vans, trucks, even buses and trains! Think of them as the best of both worlds, combining the perks of electric and gas-powered vehicles. Because they still have a typical IC engine, the fuel pump is used to transport gasoline from the tank to the engine, which is then injected into the cylinder, the rise of this category is likely to create the lucrative potential for the growth of the Automotive Electric Fuel Pumps Market.
Global Automotive Electric Fuel Pumps MarketSegmentation Analysis
The Global Automotive Electric Fuel Pumps Market is segmented on the basis of Technology, Application, Product, And Geography.
Automotive Electric Fuel Pumps Market, By Technology
• Turbine Style• Sliding Vane• Roller Vane
Based on Technology, The market is segmented into Turbine Style, Sliding Vane, and Roller Vane. The Turbine Style is likely to dominate the market in this sector. The Turbine Style segment’s growth can be attributed to its increasing adoption in the majority of newly manufactured ICE vehicles, owing to its improved operating capabilities at very high speeds of approximately 7000 rpm, as well as lower current drawing capabilities, when compared to older versions of the pumps.
Automotive Electric Fuel Pumps Market, By Application
• Passenger Cars• Light Commercial Vehicles• Heavy Commercial Vehicles
Based on Application, The market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Passenger automobiles accounted for more than three-quarters of market revenue. This can be ascribed to rising passenger car production and demand in developing nations such as India, China, and Brazil. Government rules requiring lower-emission cars and standards such as EURO 6 will bolster the segment’s growth. Furthermore, the rapidly increasing demand for Heavy Commercial Vehicles (HCVs) in developing nations as a result of increased industrialization and expansion of the construction industry is expected to fuel HCV segment growth throughout the forecast period.
Automotive Electric Fuel Pumps Market, By Product
• Brushed DC• Brushless DC
Based on Product, The market is segmented into Brushed DC and Brushless DC. Brushless DC motors used in vehicle electric fuel pumps have various advantages over their counterparts, including a greater torque-to-weight ratio, improved product lifetime and dependability, and higher electricity conducting efficiency. Brushless DC motors are thus predicted to develop at the quickest pace over the projection period.
Automotive Electric Fuel Pumps Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
When we look at it geographically, the global market for Automotive Electric Fuel Pumps breaks down into North America, Europe, Asia Pacific, and the rest of the world. North America is a big player! Its leading role in the industry is largely fueled by high demand. This demand is driven by things like the increasing need for data analysis, machine learning, and predictive analysis, all of which are helping the Automotive Electric Fuel Pump industry grow. We're expecting to see this growth continue in Europe over the next few years too. Meanwhile, the Asia Pacific region, with countries like China, Japan, and India, is still an emerging market, but it's expected to have the highest CAGR during the forecast period.
Key Players
The “Global Automotive Electric Fuel Pumps Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Denso Corporation, Delphi Automotive PLC, Continental AG, General Motors Company, Robert Bosch, Federal-Mogul Corporation, Visteon Corporation, Daewha Fuel Pump Ind. Ltd., ACDelco, Aisin Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In December 2020, The Aisin Group’s Aisin Tohoku Co. announced the expansion of its facility in order to commence the manufacture of small and medium-sized motor goods, mostly electric water pumps, by 2022. The electric water pump will be manufactured in the facility for the first time.
• In April 2019, Aisin Corporation announced a new investment to strengthen its Automatic Transmission (AT) business in the United States and fortify its production location. Aisin AW will contribute to the development of the car industry in the United States in the future by expanding its capacity to manufacture ATs for SUVs. This move by the corporation might assist to improve its automotive pump product portfolio.
• In February 2019, The ECP 160 electric coolant pump was introduced by Robert Bosch GmbH. The pump’s coolant flow may be adjusted to meet engine demands and can supply up to 14,700 liters per hour on demand. The ECP 160 is intended to replace mechanical pumps in combustion engines, but it may also be used in batteries, electric motors, and inverter cooling.
Report Scope
Report Attributes
Details
Study Period
2018-2030
Base Year
2021
Forecast Period
2022-2030
Historical Period
2018-2020
Unit
Value (USD Billion)
Key Companies Profiled
Denso Corporation, Delphi Automotive PLC, Continental AG, General Motors Company, Robert Bosch, Federal-Mogul Corporation, Visteon Corporation.
Segments Covered
By Technology, By Application, By Product, And Geography.
Customization scope
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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