A recently released report by Fact.MR on automotive pumps market provides detailed and exhaustive insights into the automotive pumps market. It includes a thorough analysis of all the factors influencing the overall performance of automotive pumps market. Qualitative as well as quantitative analysis of the identified key factors are detailed in the report. In addition, the report on automotive pumps market assesses all the macroeconomic and industry specific facets impacting the market growth. A comprehensive opportunity assessment of the automotive pumps market has
also been mentioned in the report. It further offers exhaustive insights into the competitive landscape pertaining to the automotive pumps market.
Going green has brought car manufacturers to the vanguard position as most of the general public connote greenery to the ever-increasing numbers of hybrid and electric vehicles in production and on the road. Irrespective of the pump is pushing coolants, pump of fuel around the car, the trend has been the same—mechanical pumps are making way for electric pumps.
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Unlike mechanical pumps, electric pumps are independent of the combustion engine operation which can be controlled with tremendous precision and can be used as and when pumping is on demand. When used in fuel pump, it transpires into a significant reduction in a fuel consumption and lower emissions. Besides, when it is used in water and coolant pumps, the efficiency and controllability lessens the power consumption and improves the thermal control of the engine. However, there is one loophole in automotive electric pump is that they aren’t as potent as mechanical ones given their lower flow rate which does not allow the movement of coolant as quickly as the mechanical one. Owing to its horsepower gains, electric water pumps have traditionally been marketed to car racing.
Riding on the flourishing automotive manufacturing industry in Asia Pacific excluding Japan (APEJ), the region is anticipated to rule the roost in the automotive pumps market with largest revenue share and the growth rate of over 5 percent during the assessment period. Large scale urbanization, volatile consumer behavior in developing economies and burgeoning population have been credited for fueling automotive pumps market in APEJ.
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Automotive Pumps Market: Overview
The intelligence report on the automotive pumps market is undergirded by quantitative and qualitative analysis. In addition, the report throws light on the dynamics in the market which have bearing on the growth of the automotive pumps market, incorporating drivers, trends, restraints, and opportunities. In addition, the report also delineates segmentation to showcases a comprehensive analysis of the automotive pumps market.
The comprehensive assessment of the competitive landscape of the automotive pumps market relies on Porters’ Five Force Analysis. In addition, the Porters’ Five Force Analysis delineates the strategies of the leading players in the automotive pumps market. The in-depth analysis of the pertinent players and their business strategies are propelled by SWOT analysis, company profile, product portfolio and recent development.
Fuel Supply Pumps Preserve the Leading Stance, Fuel Injection Pumps to Expand Rapidly in the Automotive Pumps Market
As an essential component of the automobile engine system, fuel supply pump is highly sought after by automakers as compared to other types of fuel pumps. Among different types of automotive pumps, fuel supply pumps continue to maintain their market position with consistently evolving effective fuel supply technology.
Penetration of Electric Vehicles to Dampen the Sales of Automotive Pumps
With growing concerns regarding carbon emissions and over exploitation of fuel reserves, regulatory bodies and government organizations are making efforts to cut down air pollution caused by automobiles and encourage the adoption of electric vehicles (EVs). In recent years, there has been an increase in the demand for EVs which do not require internal combustion engines. This in turn is likely to create a hindrance in the growth of automotive pumps market.
Leading players participating in the automotive pumps market include Denso Corporation, TRW Automotive, Mikuni Corporation, Continental AG, Johnson Electric, Mahle Group, Magna International, KSPG AG-A, Robert Bosch Gmbh, SHW AG, and Davies Craig.
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