Automotive Electric Oil Pump Market Synopsis

Automotive Electric Oil Pump Market Size Was Valued at USD 9.1 Billion in 2023, and is Projected to Reach USD 45.2 Billion by 2032, Growing at a CAGR of 19.5% From 2024-2032.

Automotive Electric Oil Pump is the product segment of automotive industry that deals with design, manufacturing, and supply of electrically operated oil pumps for different automotive uses. It is different from the conventional mechanical oil pumps that operate through the engine, the electric oil pumps are instead run by electric motors; therefore, the oil flow and pressure can be programmed to set levels. These pumps are mainly used in application like transmission, engine, and differential and other mechanical systems to provide necessary lubrication and cooling and energy purpose. The Electronic Oil Pump global market has expanded principally because of the widespread use of f electric and hybrid vehicles since the electronic oil pump functions independently of the internal combustion engine as its primary power source.

  • The global market for Automotive Electric Oil Pump has also experienced a fairly high growth rate in recent past years primarily driven by increasing demand from automotive segment on the back of automakers’ focus towards electric solutions and energy conservation. Originally developed in response to increasingly severe emission standards different governments introduced and the growing use of electric and hybrid automobiles has further boosted the need for electric oil pumps. These pumps are very useful are used for the reduction of the energy consumption, to increase the fuel economy and decrease the rates of carbon emissions. However, the burgeoning trend towards electrification not only in the automotive market but across the commercial market has broadened the scope for such changes. Due to their centrality in the functionality of numerous systems in electric and hybrid vehicles, electric oil pumps sales have grown over time with a special emphasis on the markets of Europe and North America.
  • Furthermore, the improvement of auto tech comprising of ADAS and self-driving systems have come as a driver to the increased use of electric oil pumps. Such systems demand accuracy and reliability of their components to generate the finest performance and security standards, hence the enhanced incorporation of Electric oil pump in present-day models of automobiles. In addition, the continuous researches that has been conducted by various stakeholders as the major market players in the market to improve on the efficiency and reliability of these pumps has boosted the market. Since automotive industry is emerging with sustainability concept, the Automotive Electric Oil Pump Market will continue to grow in the future years.

Automotive Electric Oil Pump Market Trend Analysis

Rise in Electric and Hybrid Vehicle Production

  • Out of all the trends found within the Automotive Electric Oil Pump Market, the raise in the production of electric and hybrid automobiles stays right at the top. With the general trend toward the use of environmentally friendly and efficient modes of transport, there has been growth within the automotive market in the niche of electric and hybrid automobiles. This has been occasioned by stimulus from the state in form of incentives, subsidies and through legal frameworks embracing the low carbon economy and environment Appendices, Annex 3. As electric oil pumps are used as one of the convoys of these vehicles, their demand is on a parallel rise. In conventional ICE vehicles, the oil pump is mechanically operated, while, in electric and hybrid vehicles, the oil pump is an electrically operated device to ensure correct lubrication and cooling. Catalyst this trend by the increase in investment by automotive manufacturers towards the production of electric and hybrid vehicles, which will definitely enhance the demand of electric oil pumps.

Growing Adoption of Advanced Transmission Systems

  • Another growth driving factor is the increasing deployment of efficient transmission systems that offer a favorable opportunity for the Automotive Electric Oil Pump Market. Cars today come with sophisticated power delivery systems including DCT and CVT systems, which depend on fine lubrication and cooling. These systems require the use of electric oil pumps to force supply the required oil flow and pressure dispensing with the reliance on engine speed as seen in mechanical conversions. In an effort to make vehicles more fuel efficient and comfortable for drivers there is a potential for growth in transmission systems and thereby a market for electric oil pumps. In addition to that the shift towards electrification in the commercial vehicle segment, which is also utilizing these complicated transmission systems, strengthens this potential.

Automotive Electric Oil Pump Market Segment Analysis:

Automotive Electric Oil Pump Market Segmented on the basis of EV Type, Vehicle Type and Application.

By EV Type, Battery Electric Vehicle segment is expected to dominate the market during the forecast period

  • Out of the mentioned, Battery Electric Vehicle (BEV) segment is expected to lead the Automotive Electric Oil Pump Market throughout the forecast period due to increasing adoption of full electric vehicles across the world.. Compared to the hybrids that employ a mix of gasoline driven system and electric motor, the BEVs are solely electric powered, thus requiring electricity to force oil circulation for instance in a transmission or power electronics coolers. The demand for BEVs has grown rapidly because of the higher concern for the environment and stringent emission standards and as a result of increased investments in charging points. Since governments and automotive manufacturers are forging for green mobility, more specifically electric vehicles, it’s projected that BEV market would gain considerable traction, especially in the European and North American markets. This increase in BEV production will in fact, enhance the requirement of Automotive Electric Oil Pumps as they constitute a major part of electric vehicles. The better energy density, minimal require maintenance, and the actual improvement in batteries strengthen the leading position of the BEV segment in the market.

By Vehicle Type, Passenger Vehicles segment expected to held the largest share

  • According to the analysis, The Passenger Vehicles segment is projected to dominate the Automotive Electric Oil Pump Market in the forecast period.. The following is dominated mainly by growth in the production and distribution of passenger cars, which remain the most sought-after vehicles globally. As the passenger vehicle becomes electrified, where there is an increase in the hybrid and battery electric vehicles (BEV) models the demand for electric oil pumps increases sharply. These pumps play important roles in various vehicle systems including transmission and cooling in electric and hybrid vehicles cases where mechanically controlled pumps cannot suffice.
  • Moreover, increased demand from the customers for energy-efficient or low-emission automobiles is impacting the adoption of sophisticated electric oil pumps in its portfolio of passenger cars and automotive products to improve its performance and meet emissions standards set by environmental regulatory authorities. It is projected that throughout the forecast period, PASSENGER VEHICLES will remain as the market’s largest segment, anchored on the broad market base of electric oil pumps that has recently extended into passenger cars and motor vehicles.

Automotive Electric Oil Pump Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • The Asia-Pacific region had the largest share in the Automotive Electric Oil Pump Market in 2023 and emerged as the largest consuming segment. The reason for the dominance can be explained by several factors such as the growing rate of the automobile industry, the enhanced production of electric and hybrid automobiles, key automobile players based in the countries like China, Japan and South Korea. China, in particular, has become one of the dominant markets for electric vehicles, and the government has been supporting the necessary changes by subsidizing consumers of electric vehicles. This has created high demand in the electric oil pumps since they are used in the Electric Vehicles. Also, the region emphasizes technology and new types of created car components which also supports the market growth. It is predicted that Asia-Pacific was accounted for nearly 45% of the overall Automotive Electric Oil Pump Market in 2023, which increased its dominance in terms of market size and growth as well.

Active Key Players in the Automotive Electric Oil Pump Market

  • Aisin Seiki Co., Ltd. (Japan)
  • BorgWarner Inc. (USA)
  • Continental AG (Germany)
  • Denso Corporation (Japan)
  • FTE Automotive Group (Germany)
  • Hella GmbH & Co. KGaA (Germany)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • Johnson Electric Holdings Limited (Hong Kong)
  • MAHLE GmbH (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Rheinmetall Automotive AG (Germany)
  • Robert Bosch GmbH (Germany)
  • Schaeffler AG (Germany)
  • Valeo SA (France)
  • ZF Friedrichshafen AG (Germany) and Other Active Players

Global Automotive Electric Oil Pump Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 9.1 Bn.

Forecast Period 2024-32 CAGR:

 19.5%

Market Size in 2032:

USD 45.2 Bn.

Segments Covered:

By EV Type

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

By Application

  • Transmission Oil Pump
  • Engine Oil Pump
  • Brake Oil Pump

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Vehicle Electrification

Key Market Restraints:

  • High Cost of Electric Oil Pumps

Key Opportunities:

  • Expansion in Emerging Markets

Companies Covered in the report:

  • Aisin Seiki Co., Ltd. (Japan), BorgWarner Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), FTE Automotive Group (Germany) and Other Major Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Automotive Electric Oil Pump Market by EV Type
 4.1 Automotive Electric Oil Pump Market Snapshot and Growth Engine
 4.2 Automotive Electric Oil Pump Market Overview
 4.3 Battery Electric Vehicle
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Battery Electric Vehicle: Geographic Segmentation Analysis
 4.4 Hybrid Electric Vehicle
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Hybrid Electric Vehicle: Geographic Segmentation Analysis
 4.5 Plug-in Hybrid Electric Vehicle
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Plug-in Hybrid Electric Vehicle: Geographic Segmentation Analysis

Chapter 5: Automotive Electric Oil Pump Market by Vehicle Type
 5.1 Automotive Electric Oil Pump Market Snapshot and Growth Engine
 5.2 Automotive Electric Oil Pump Market Overview
 5.3 Passenger Vehicles
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Passenger Vehicles: Geographic Segmentation Analysis
 5.4 Commercial Vehicles
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Commercial Vehicles: Geographic Segmentation Analysis

Chapter 6: Automotive Electric Oil Pump Market by Application
 6.1 Automotive Electric Oil Pump Market Snapshot and Growth Engine
 6.2 Automotive Electric Oil Pump Market Overview
 6.3 Transmission Oil Pump
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Transmission Oil Pump: Geographic Segmentation Analysis
 6.4 Engine Oil Pump
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Engine Oil Pump: Geographic Segmentation Analysis
 6.5 Brake Oil Pump
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Brake Oil Pump: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Automotive Electric Oil Pump Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 AISIN SEIKI CO.
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 LTD. (JAPAN)
 7.4 BORGWARNER INC. (USA)
 7.5 CONTINENTAL AG (GERMANY)
 7.6 DENSO CORPORATION (JAPAN)
 7.7 FTE AUTOMOTIVE GROUP (GERMANY)
 7.8 HELLA GMBH & CO. KGAA (GERMANY)
 7.9 HITACHI AUTOMOTIVE SYSTEMS
 7.10 LTD. (JAPAN)
 7.11 JOHNSON ELECTRIC HOLDINGS LIMITED (HONG KONG)
 7.12 MAHLE GMBH (GERMANY)
 7.13 MITSUBISHI ELECTRIC CORPORATION (JAPAN)
 7.14 RHEINMETALL AUTOMOTIVE AG (GERMANY)
 7.15 ROBERT BOSCH GMBH (GERMANY)
 7.16 SCHAEFFLER AG (GERMANY)
 7.17 VALEO SA (FRANCE)
 7.18 ZF FRIEDRICHSHAFEN AG (GERMANY)
 7.19 OTHER ACTIVE PLAYERS.

Chapter 8: Global Automotive Electric Oil Pump Market By Region
 8.1 Overview
8.2. North America Automotive Electric Oil Pump Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By EV Type
  8.2.4.1 Battery Electric Vehicle
  8.2.4.2 Hybrid Electric Vehicle
  8.2.4.3 Plug-in Hybrid Electric Vehicle
  8.2.5 Historic and Forecasted Market Size By Vehicle Type
  8.2.5.1 Passenger Vehicles
  8.2.5.2 Commercial Vehicles
  8.2.6 Historic and Forecasted Market Size By Application
  8.2.6.1 Transmission Oil Pump
  8.2.6.2 Engine Oil Pump
  8.2.6.3 Brake Oil Pump
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
8.3. Eastern Europe Automotive Electric Oil Pump Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By EV Type
  8.3.4.1 Battery Electric Vehicle
  8.3.4.2 Hybrid Electric Vehicle
  8.3.4.3 Plug-in Hybrid Electric Vehicle
  8.3.5 Historic and Forecasted Market Size By Vehicle Type
  8.3.5.1 Passenger Vehicles
  8.3.5.2 Commercial Vehicles
  8.3.6 Historic and Forecasted Market Size By Application
  8.3.6.1 Transmission Oil Pump
  8.3.6.2 Engine Oil Pump
  8.3.6.3 Brake Oil Pump
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
8.4. Western Europe Automotive Electric Oil Pump Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By EV Type
  8.4.4.1 Battery Electric Vehicle
  8.4.4.2 Hybrid Electric Vehicle
  8.4.4.3 Plug-in Hybrid Electric Vehicle
  8.4.5 Historic and Forecasted Market Size By Vehicle Type
  8.4.5.1 Passenger Vehicles
  8.4.5.2 Commercial Vehicles
  8.4.6 Historic and Forecasted Market Size By Application
  8.4.6.1 Transmission Oil Pump
  8.4.6.2 Engine Oil Pump
  8.4.6.3 Brake Oil Pump
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
8.5. Asia Pacific Automotive Electric Oil Pump Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By EV Type
  8.5.4.1 Battery Electric Vehicle
  8.5.4.2 Hybrid Electric Vehicle
  8.5.4.3 Plug-in Hybrid Electric Vehicle
  8.5.5 Historic and Forecasted Market Size By Vehicle Type
  8.5.5.1 Passenger Vehicles
  8.5.5.2 Commercial Vehicles
  8.5.6 Historic and Forecasted Market Size By Application
  8.5.6.1 Transmission Oil Pump
  8.5.6.2 Engine Oil Pump
  8.5.6.3 Brake Oil Pump
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
8.6. Middle East & Africa Automotive Electric Oil Pump Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By EV Type
  8.6.4.1 Battery Electric Vehicle
  8.6.4.2 Hybrid Electric Vehicle
  8.6.4.3 Plug-in Hybrid Electric Vehicle
  8.6.5 Historic and Forecasted Market Size By Vehicle Type
  8.6.5.1 Passenger Vehicles
  8.6.5.2 Commercial Vehicles
  8.6.6 Historic and Forecasted Market Size By Application
  8.6.6.1 Transmission Oil Pump
  8.6.6.2 Engine Oil Pump
  8.6.6.3 Brake Oil Pump
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
8.7. South America Automotive Electric Oil Pump Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By EV Type
  8.7.4.1 Battery Electric Vehicle
  8.7.4.2 Hybrid Electric Vehicle
  8.7.4.3 Plug-in Hybrid Electric Vehicle
  8.7.5 Historic and Forecasted Market Size By Vehicle Type
  8.7.5.1 Passenger Vehicles
  8.7.5.2 Commercial Vehicles
  8.7.6 Historic and Forecasted Market Size By Application
  8.7.6.1 Transmission Oil Pump
  8.7.6.2 Engine Oil Pump
  8.7.6.3 Brake Oil Pump
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

Global Automotive Electric Oil Pump Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 9.1 Bn.

Forecast Period 2024-32 CAGR:

 19.5%

Market Size in 2032:

USD 45.2 Bn.

Segments Covered:

By EV Type

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

By Application

  • Transmission Oil Pump
  • Engine Oil Pump
  • Brake Oil Pump

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Vehicle Electrification

Key Market Restraints:

  • High Cost of Electric Oil Pumps

Key Opportunities:

  • Expansion in Emerging Markets

Companies Covered in the report:

  • Aisin Seiki Co., Ltd. (Japan), BorgWarner Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), FTE Automotive Group (Germany) and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Automotive Electric Oil Pump Market research report?

The forecast period in the Automotive Electric Oil Pump Market research report is 2024-2032.

Who are the key players in the Automotive Electric Oil Pump Market?

Aisin Seiki Co., Ltd. (Japan), BorgWarner Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), FTE Automotive Group (Germany) and Other Major Players.

What are the segments of the Automotive Electric Oil Pump Market?

The Automotive Electric Oil Pump Market is segmented into EV Type, Vehicle Type, Application and region. By EV Type, the market is categorized into Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle. By Vehicle Type, the market is categorized into Passenger Vehicles, Commercial Vehicles. By Application, the market is categorized into Transmission Oil Pump, Engine Oil Pump, Brake Oil Pump. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Automotive Electric Oil Pump Market?

Automotive Electric Oil Pump is the product segment of automotive industry that deals with design, manufacturing, and supply of electrically operated oil pumps for different automotive uses. It is different from the conventional mechanical oil pumps that operate through the engine, the electric oil pumps are instead run by electric motors; therefore, the oil flow and pressure can be programmed to set levels. These pumps are mainly used in application like transmission, engine, and differential and other mechanical systems to provide necessary lubrication and cooling and energy purpose. The Electronic Oil Pump global market has expanded principally because of the widespread use of f electric and hybrid vehicles since the electronic oil pump functions independently of the internal combustion engine as its primary power source.

How big is the Automotive Electric Oil Pump Market?

Automotive Electric Oil Pump Market Size Was Valued at USD 9.1 Billion in 2023, and is Projected to Reach USD 45.2 Billion by 2032, Growing at a CAGR of 19.5% From 2024-2032.