Global Automotive Electric Fuel Pumps Market by Technology (Turbine Style, Sliding Vane), by Application (Cars, LCVs, HCVs), by Product (Brushed, Brushless) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive electric fuel pump market was valued at USD 131.8 billion in 2018. It is projected to grow at a compound annual rate (CAGR of 5.0%) between 2019 and 2025. The market volume is expected to reach 104.9 millions units by 2025, at a 3.1% CAGR from 2019-2025.

The electric fuel pump, which is used to infuse gasoline from the tank into the engine of an automobile, is one of the most important components. The market is expected to grow during the forecast period due to rapid production and high demand in developing countries like India, China, and Indonesia.

Over the years, automotive electric fuel pumps have evolved from simple mechanical functionality to being electrically controlled. The use of electric injectors has increased significantly compared to mechanical counterparts. This is due to improved fuel efficiency and the implementation advanced technologies that improve vehicle performance.

Markets have also seen the replacement of carburetor based engines with fuel injection engines. This has replaced mechanical pumps. Additionally, electric fuel pumps offer many advantages over traditional mechanical pumps such as greater fuel efficiency, durability, reliability and body noise reduction.

Electric pumps will be increasingly important due to their ability to efficiently push gasoline into the engine. This is expected to increase its demand in the future. To prevent overheating and vapor lock, a well-functioning pump delivers the correct amount of oil to the engine. These factors are expected to increase the demand for electric fuel pumps in the automotive sector over the forecast period.

Global market drivers are further driven by lower explosion risks due to increased pump life, reduced electrical load and lower risk of boiling. The global automotive industry will be transformed by new technologies. The evolution of automotive technology will be influenced by changing consumer preferences, growing safety concerns, and a greater focus on eco-friendly products.

The market is expected to see a rise in demand for lighter vehicles and greater efficiency. Market growth is expected to be slowed by the increasing production of counterfeit products and high production costs.

Product Insights

The automotive electric fuel pumps market was worth approximately 60.0% in 2018. This is due to the widespread adoption of brushed DC in heavy commercial and passenger cars to avoid abnormal wear from high spark discharges.

The brushless DC motor is used in automotive electric fuel pumps and has many advantages over its counterpart. These include a higher torque to weight ratio and better product reliability and longevity. They also have higher electricity conducting efficiency. Brushless DC motors will experience the fastest growth over the forecast period.

Application Insights

In 2018, more than three quarters of the market's revenue came from passenger cars. This is due to the increased demand and production of passenger cars in developing countries like India, China, Brazil. The segment will continue to grow due to strict government regulations and norms like EURO 6 that limit emissions.

The forecast period will also see a rapid increase in demand for HCVs (heavy commercial vehicles) in developing countries due to increasing industrialization and expansion within the construction industry.

Technology Insights

The turbine-style segment was responsible for more than 67.0% in overall revenue in 2018. The forecast period will see a 5.1% CAGR. Its increasing acceptance in new ICE vehicles can be attributed to their enhanced operating capabilities at high speeds of approximately. The pumps can run at 7000 rpm and draw less current than the older versions.

The turbine electric fuel pump segment is a dominant player in the global market due to its additional advantages, such as the accurate pressure measurement, high performance, low noise emission and ease-of-installation.

Regional Insights

Asia Pacific was the leader in terms of market value with a market share of more than 57.0% for 2018. It is expected to show the highest CAGR during the forecast period. The primary growth driver for the region market is strong demand for passenger cars, heavy commercial vehicles, and industrial applications in key developing countries like India, China and Korea.

APAC has seen the establishment of key automotive manufacturers like Toyota, Honda, Hyundai, and Suzuki. This has resulted in a decrease in vehicle prices and increased passenger vehicle adoption.

Market Share Insights & Key Companies

These key manufacturers are now focusing on large investments and forming partnerships to increase their regional presence and product portfolios. In 2018, Pricol Limited (an auto parts manufacturer) announced that it would invest approximately. In collaboration with Wenzhou Huirun Electrical Machinery Co Ltd. (a Chinese-based company), to produce fuel pumps in India, USD 2.7million. The following are some of the most prominent players in the market for automotive electric fuel pumps:

• Denso Corporation

• Delphi Automotive PLC

• Continental AG

• General Motors Company

• Robert Bosch

• Federal-Mogul Corporation

• Visteon Corporation

• Daewha Fuel Pump Ind., Ltd

• ACDelco

Up Market Research published a new report titled “Automotive Electric Fuel Pumps Market research report which is segmented by Technology (Turbine Style, Sliding Vane), by Application (Cars, LCVs, HCVs), by Product (Brushed, Brushless), By Players/Companies Delphi Automotive PLC, Continental AG, Visteon Corporation, Daewha Fuel Pump Ind Ltd, Denso Corporation, Federal-Mogul Corporation, General Motors Company, ACDelco, Robert Bosch”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Electric Fuel Pumps Market Report Segments:

The market is segmented by Technology (Turbine Style, Sliding Vane), by Application (Cars, LCVs, HCVs), by Product (Brushed, Brushless).

Automotive Electric Fuel Pumps Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Electric Fuel Pumps Market

Overview of the regional outlook of the Automotive Electric Fuel Pumps Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Electric Fuel Pumps Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Electric Fuel Pumps Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Turbine Style

                2. Sliding Vane

                1. Cars

                2. LCVs

                3. HCVs

                1. Brushed

                2. Brushless

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Electric Fuel Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Automotive Electric Fuel Pumps Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.