The
global Automotive Electric Fuel
Pumps Market size is estimated to reach a value of USD 18.44
billion by 2025, progressing at a CAGR of 5.0% from 2019 to 2025, according to
a new study by Grand View Research, Inc. An automotive electric fuel pump is
used to pump fuel from tanks to injectors, which further sprays fuel into
engine with high pressure. Surging demand for high fuel-efficient pumps to
reduce the overall fuel consumption in vehicles along with rise in global
vehicle production and sales is anticipated to propel the market over the
forecast period.
An
electric fuel pump is widely used in vehicles, owing to its numerous benefits
such as high product reliability, power output, and fuel efficiency as compared
to mechanical fuel pumps. The adoption of automotive electric fuel pumps among
original equipment manufacturers (OEMs) in modern vehicles has increased
significantly as the product ensures accurate injection pressure and flow of
fuel to engine. Moreover, stringent government regulations to produce fuel-efficient
and low carbon emission vehicles are expected to create remarkable growth
opportunities for the market during the forecast period.
Prominent
market players such as Robert Bosch GmbH, Denso Corporation, Delphi Automotive,
and Continental AG are increasingly focusing on partnership agreements with
automobile manufacturers to supply electric fuel pumps to enhance their overall
market presence and profitability. Besides, a few key market players are
expanding their production facilities in developing countries to avail the
product at affordable costs to OEMs and aftermarket consumers. For instance, in
2013, Continental AG started its new production plants for fuel pumps in India
to supply the products to its key clients such as Volkswagen Group.
Despite
numerous product benefits, increasing production of counterfeit products,
coupled with rapidly growing adoption of electric vehicles, is likely to hinder
the growth of the automotive electric fuel pumps market over the forecast
period.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-electric-fuel-pumps-market
https://www.grandviewresearch.com/industry-analysis/automotive-electric-fuel-pumps-market
Further key findings from the study suggest that:
- The
passenger car segment is poised to dominate the market in terms of revenue
throughout the forecast period. Increasing personnel mobility requirements
and soaring need for fuel efficient passenger vehicles can contribute to
the growth of the segment
- Turbine
style electric fuel pumps held the leading revenue share in the market in
2018 as they offer higher operational efficiency, lower noise emission,
and can deliver accurate pressure measure, driving higher performance of
vehicles
- Macroeconomic
condition and regulation such as mining ban in India may affect the demand
of heavy commercial vehicles (HCVs). Increasing demand for LCVs,
particularly in rural areas, is anticipated to unfold new growth
opportunities for the segment
- The Asia
Pacific automotive electric fuel pumps market is estimated to experience
the highest growth in terms of value during the forecast period. Rising
demand for passenger vehicles in developing countries such as India,
China, and Korea is escalating the growth of the segment
- According to
Valeo Group, the number of vehicles produced in China has doubled since
2007, with more than 23 million vehicle productions in 2014, which
accounted for 27.0% of the global production
- The key
industry participants include Denso Corporation, Delphi Automotive PLC,
Continental AG, General Motors Company, Pricol Limited, and Robert Bosch.
Other prominent vendors include Visteon Corporation, Federal-Mogul
Corporation, Daewha Fuel Pump Ind., Ltd., and ACDelco.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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