10-Sep-2019: 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.
In
depth research report on 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
has segmented the global automotive electric fuel pumps market on the basis of
technology, product, application, and region:
Automotive Electric Fuel Pumps Technology Outlook (Revenue,
USD Million; Volume, Million Units, 2014 - 2025)
·
Turbine Style
·
Sliding Vane
·
Roller Vane
Automotive Electric Fuel Pumps Product Outlook (Revenue, USD
Million; Volume, Million Units, 2014 - 2025)
·
Brushed DC
·
Brushless DC
Automotive Electric Fuel Pumps Application Outlook (Revenue,
USD Million; Volume, Million Units, 2014 - 2025)
·
Passenger Cars
·
Light Commercial Vehicle (LCV)
·
Heavy Commercial Vehicle (HCV)
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About
Grand View Research
Grand View Research, Inc. is the
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.
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