Automotive Electric Fuel Pumps Market Size, Share, Growth, and Industry Analysis, By Type (low-pressure electric fuel pump, inline electric fuel pump and others), By Application (passenger cars, commercial vehicles and others) and Regional Forecast to 2032

Updated On: 19 August 2024

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AUTOMOTIVE ELECTRIC FUEL PUMPS MARKET REPORT OVERVIEW

The global Automotive Electric Fuel Pumps Market size was USD 11.913 billion in 2023 and the market is projected to touch USD 21.94 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period.

Automotive electric powered gas pumps are important additives in cutting-edge vehicles, designed to supply gas from the tank to the engine at the specified stress. These pumps are critical for keeping the engine’s overall performance, efficiency, and emissions requirements. Unlike mechanical gas pumps, electric-powered variations are extra green, offer consistent gas stress, and can be managed electronically to optimize gasoline shipping.

COVID-19 Impact: sharp decline in market growth due to lockdown restrictions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The international lockdowns and regulations added approximately a sharp decline in car manufacturing and earnings, disrupting the transport chain and production operations. The pandemic had an excellent effect on the automobile electric-powered gasoline pump market. However, because the marketplace started to get better in past due 2020 and 2021, the call for electric-powered and gas-green cars surged, using the recuperation of the electric gasoline pump market.

LATEST TRENDS

"Enhanced performance with increasing integration of advanced technologies"

An outstanding fashion inside the automobile electric-powered gasoline pump marketplace is the growing integration of superior technologies along with digital management gadgets (ECUs) and clever sensors. These improvements beautify the overall performance, efficiency, and reliability of electric gas pumps, aligning with the developing call for superior and fuel-efficient motors. Additionally, the shift closer to electric and hybrid automobiles is influencing the improvement of greater state-of-the-art gas pump structures.

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AUTOMOTIVE ELECTRIC FUEL PUMP MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Low-Pressure Electric Fuel Pump, Inline Electric Fuel Pumps, and others.

• Low-Pressure Electric Fuel Pump: These pumps are designed to deliver fuel at lower pressures appropriate for various automobile applications, inclusive of trendy passenger vehicles and some mild business cars.
• Inline Electric Fuel Pump: Inline electric-powered gas pumps are commonly installed out of doors the gas tank and can turn in fuel at higher pressures as compared to low-strain pumps.
• Others: This class may additionally consist of specialized electric gas pumps designed for unique automobile types or programs no longer included underneath the low-pressure or inline categories.

By Application

Based on application the market can be categorized into Passenger Cars, Commercial Vehicles, and others.

• Passenger Cars: Electric gas pumps for passenger automobiles cater to an extensive variety of motors from compact cars to luxurious sedans, providing gasoline delivery answers that optimize engine performance and gas efficiency.
• Commercial Vehicles: Includes electric gasoline pumps designed for use in heavy-duty vans, buses, transport vans, and different commercial vehicles that require robust fuel shipping structures to aid their larger engines and higher gasoline needs.
• Others: This class encompasses applications past traditional passenger and industrial cars, consisting of agricultural equipment, marine automobiles, and specialised business devices.

DRIVING FACTORS

"Increased demand due to rising demand for electric and hybrid vehicles globally"

The rising call for electric-powered and hybrid automobiles globally is a considerable driving force for the car electric-powered gasoline pump marketplace. Electric vehicles (EVs) and hybrid electric motors (HEVs) require green and reliable electric gas pumps to deliver fuel to their engines. As governments globally put in force stricter emissions policies and customers are seeking greater fuel-efficient alternatives, the call for EVs and HEVs keeps developing. This fashion at once fuels the demand for automotive electric-powered gas pumps, which are critical components for those motors' operation.

"Ongoing advancements in automotive technology boost market growth"

Ongoing improvements in car generation, especially in gasoline pump structures, are driving the market forward. Modern electric-powered gas pumps contain advanced features which include digital manipulate gadgets (ECUs), clever sensors, and variable-speed operation to optimize gas delivery and enhance universal vehicle efficiency. These technological improvements no longer only enhance the overall performance and reliability of electrical gas pumps but also assist automakers in meeting stringent fuel performance and emissions standards. As automobile producers try to enhance vehicle overall performance and reduce environmental impact, they increasingly rely upon superior gas pump technology, thereby boosting the automobile electric fuel pump market growth.

RESTRAINING FACTOR

"Challenges due to the high cost of electric fuel pumps compared"

One widespread restraining element within the market is the excessive price of electrical gasoline pumps in comparison to traditional mechanical pumps. The advanced technology and substances used in electric pumps contribute to higher manufacturing charges, which may be a barrier to adoption, specifically in price-touchy markets. Additionally, the ongoing shift in the direction of electric motors, which won't require conventional gas pumps, poses a protracted-term assignment to the market.

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AUTOMOTIVE ELECTRIC FUEL PUMPS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia-Pacific dominates the automotive electric fuel pump market driven by high vehicle production and sales"

Asia-Pacific dominates the automobile electric fuel pump market share, pushed by way of high vehicle manufacturing and income in international locations like China, Japan, and India. The vicinity's strong automotive manufacturing base, growing demand for gasoline-efficient cars, and supportive authorities guidelines for car innovation contribute to its main function in the market.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Landscape through Innovation and Global Strategy"

Key gamers in the automotive electric-powered fuel pump marketplace are conscious on innovation, great, and expanding their product portfolios to fulfil numerous purchaser wishes. They make investments heavily in studies and development to introduce advanced, efficient, and reliable gas pump solutions. Additionally, those corporations interact in strategic partnerships and acquisitions to strengthen their marketplace presence and enlarge their international reach. Customer aid, aftermarket offerings, and retaining aggressive pricing are also crucial aspects of their techniques.

List of Market Players Profiled

• Robert Bosch GmbH (Germany)
• Denso Corporation (Japan)
• Continental AG (Germany)
• Delphi Technologies (U.K.)
• Hitachi Automotive Systems, Ltd.(Japan)

INDUSTRIAL DEVELOPMENT

September 2023: Denso Corporation introduced the release of its subsequent-technology electric gas pump, designed mainly for hybrid and electric cars. This new product capabilities advanced digital controls and stepped forward efficiency, aligning with the enterprise's shift towards extra sustainable and fuel-efficient car technologies. This development highlights Denso's dedication to innovation and its strategic consciousness in the growing marketplace for hybrid and electric automobile additives.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Automotive Electric Fuel Pumps market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.