Product ID: SQMIG25A2153
Report ID:
SQMIG25A2153 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
89 |
Figures:
76
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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).
Product ID: SQMIG25A2153