Global Automotive Electric Fuel Pumps Market

Automotive Electric Fuel Pumps Market Size, Share, Growth Analysis, By Product Type(Brushed DC, Brushless DC), By Application(Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Technology(Turbine Style, Sliding Vane, Roller Vane), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2153 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 89 | Figures: 76

Automotive Electric Fuel Pumps Market Insights

Automotive Electric Fuel Pumps Market size was valued at USD 12.2 billion in 2019 and is poised to grow from USD 12.9 billion in 2023 to USD 21.24 billion by 2031, growing at a CAGR of 5.70% in the forecast period (2024-2031).

An electric fuel pump is one of the most important parts of a car since it is used to feed gasoline from the tank into the engine. During the projection period, it is anticipated that rising passenger car production and demand in developing nations like India, China, and Indonesia will fuel market expansion. Over time, automotive electric fuel pumps progressed from having basic mechanical functions to being electrically controlled. Due to an improved fuel efficiency and the adoption of cutting-edge technology for better vehicle performance, the use of electrical injectors has significantly increased as compared to their mechanical counterparts.

Additionally, the market has seen fuel injection engines take the role of carburettor-based engines, eliminating the need for mechanical pumps. Electronic fuel pumps have many advantages over mechanical fuel pumps, including greater fuel efficiency, increased durability, reliability, and body-borne noise reduction abilities. Electric pumps are expected to become more and more important as a result of their improved capacity to push gasoline to the engine. 
When evaluating the engine's operating conditions, a well-functioning pump is used to provide the appropriate amount of oil while maintaining ideal pressure between the carburettor and pump to reduce overheating and prevent vapour lock. Over the projected period, it is anticipated that the aforementioned factors will increase demand for vehicle electric fuel pumps.

 
The protection of pumps from gasoline vapour, reduced electrical load, prolonged pump life, and decreased risk of boiling all contribute to a lower risk of explosion, which further stimulates the global market. Furthermore, the global automobile industry's landscape is probably going to change as a result of developing technology in the automotive industry.

US Automotive Electric Fuel Pumps Market  is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive Electric Fuel Pumps Market is projected to reach USD 18.80 Billion by 2030, growing at a CAGR of 4.45% from 2022 to 2030.

The automotive market is increasingly demanding higher fuel efficiency, reduced CO2 emissions and improved reliability.The use of electric fuel pumps and integrating or substituting mechanical ones can help in addressing these needs, thanks to reduced friction, hydraulic losses, and power on-demand (i.e. the pump is actuated only when it’s really needed).

Automotive Electric Fuel Pumps Market size was valued at USD 12.2 billion in 2019 and is poised to grow from USD 12.9 billion in 2023 to USD 21.24 billion by 2031, growing at a CAGR of 5.70% in the forecast period (2024-2031).

The existence of several international players defines the market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Automotive Electric Fuel Pumps market reports.  'Aisin Seiki Co. Ltd.', 'Denso Corporation', 'Continental AG', 'Delphi Technologies', 'Robert Bosch GmbH', 'Hitachi Automotive Systems', 'Johnson Electric Holdings Limited', 'Mikuni Corporation', 'Magneti Marelli S.p.A.', 'TI Automotive', 'SHW AG', 'Spectra Premium Industries', 'AC Delco', 'Carter Fuel Systems', 'Walbro Corporation', 'GMB Corporation', 'Visteon Corporation', 'Valeo SA', 'HELLA GmbH & Co. KGaA', 'Mitsubishi Electric Corporation'

The market for automotive electric fuel pumps is expected to grow at a high rate due to the trend toward smaller engines, rising vehicle production, and rising passenger vehicle demand. The automobile electric fuel pumps market is being restrained by the rise in fuel prices and the popularity and use of electric vehicles. 

Engine downsizing, which utilises advanced technologies like turbochargers, superchargers, and direct injection, is one of the most current trends in the automotive industry. OEMs are placing more and more emphasis on adopting compact engines that have power on par with or more than the current engines. Smaller engines contribute to a lighter overall vehicle, which increases the fuel efficiency of both gasoline and diesel engines.

In 2022, Asia Pacific led the automotive electric fuel pumps market in terms of value, holding a share of more than 59.0 %. Over the course of the forecast, it is anticipated to display the greatest CAGR.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Automotive Electric Fuel Pumps Market

Product ID: SQMIG25A2153

$5,300
BUY NOW GET FREE SAMPLE