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Automotive Electric Oil Pump Market: Rise in Electric Vehicle Production Underscores Robust Growth

Press release Description

Albany, New York, July 11, 2019:Hybrid and electric vehicles, developed in tandem with the trends for environmental protection measures and enhanced fuel economy, have propelled demand for minimization of loss in oil pumps. Manufacturers vie to develop electric oil pump to adhere to major market requirement in electrified vehicles. As such, companies look to optimize the functions of cooling, lubrication and actuation in automated transmissions.

These actionable insights are according to the intelligence report, titled, “Automotive Electric Oil Pump Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) exhaustive armamentarium.

In a bid to set a benchmark level, companies are looking to integrate smart function such as motor, hydraulic parts and control electronics. The integration is expected to lead to high efficiency and low noise vibration harshness and a compact design.

According to the study, rise in the production of battery electric vehicles (BEV) is expected to be witnessed as engine oil pump segment is set to lose its share to the BEV. Having said that, dominance of braking system and transmission system is anticipated to be intact in electric vehicles. Meanwhile, emergence of hub motors will potentially deter the growth of transmission oil pump segment.

Asia Pacific is expected to rule the roost in the automotive electric oil pump market that is propelled by rising production of electric vehicles and favorable government policy. Of late, Finance Minister of India in the Union Budget 2019 announced a tax rebate of up Rs 1.5 lakh on the interest taken to purchase an electric vehicle. Accordingly, with an array of incentives revealed, India has joined governments in Europe and China that have whole heartedly supported the development of the nascent electric vehicle industry by providing favorable regulatory environment and extensive fiscal incentives.

Automotive Electric Oil Pump Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the automotive electric oil pump market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the automotive electric oil pump market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on automotive electric oil pump.

A deep-dive and insightful analysis of the competitive landscape of the automotive electric oil pump market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the automotive electric oil pump market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

Automotive Electric Oil Pump Market: Research Methodology

Primary research and secondary research accentuate insightful report on automotive electric oil pump market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.

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