Electric Auxiliary Oil Pump Market Powering Efficiency in Vehicles 2023 to 2030 | Nidec Corporation, SHW Group, Rheinmetall Automotive, AISIN SEIKI

PRESS RELEASE
Published November 13, 2023

Electric Auxiliary Oil Pump Market” Report provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.

By 2030, the Electric Auxiliary Oil Pump Market is expected to have grown to a valuation of USD 2.5 billion, with a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030. Numerous causes are contributing to this rise, such as the growing popularity of start-stop systems, the need for fuel-efficient automobiles, and the uptake of electric vehicles (EVs). An electric-powered pump called an electric auxiliary oil pump (EAOP) is used to circulate oil within an engine of a car. Applications for EAOPs are numerous and include hybrid cars, EV eDrives, and start-stop systems.

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The market is driven by the need to minimize emissions and the growing demand for automobiles that are fuel-efficient. In addition to being more effective than conventional mechanical pumps, electric auxiliary oil pumps can also lower pollution and fuel consumption. The industry is also being driven by start-stop systems’ growing popularity. When a car is stopped, such at a red light or in traffic, start-stop systems are meant to cut the engine. This can lessen pollution and save gasoline. But for start-stop systems to work effectively and keep the engine lubricated when it begins, they need an oil pump that can be relied upon. For this use, electric auxiliary oil pumps are the best option.

Top Key Players in this Electric Auxiliary Oil Pump Market:
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

Global Electric Auxiliary Oil Pump Market Split by Product Type and Applications

This report segments the Electric Auxiliary Oil Pump Market on the basis of Types:
Integrated Pump
Separate Pump

On the basis of Application, the Electric Auxiliary Oil Pump Market is segmented into:
Start-Stop System
EV eDrive

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Recent years have seen a number of changes in the Electric Auxiliary Oil Pump Market . 2020 saw the announcement by Nidec of the creation of a brand-new electric auxiliary oil pump that is 20% lighter and 30% smaller than its predecessor. Additionally, the new pump is more efficient and can contribute to a 2% decrease in fuel usage. A new electric auxiliary oil pump intended for use in hybrid and electric cars was unveiled by Rheinmetall Automotive in 2021. The new pump may be included into the vehicle’s engine system and is lightweight and small.

At the moment, the biggest Electric Auxiliary Oil Pump Market  is found in North America. In the upcoming years, the Asia Pacific area is anticipated to develop at the quickest rate. Because there is a high demand for fuel-efficient cars in the Asia Pacific area, the market for electric auxiliary oil pumps is anticipated to expand quickly in this region. Europe is anticipated to be a significant growing market as well since EVs and start-stop systems are becoming more and more common.

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