Automotive Electric Fuel Pumps Market Set to Soar Past USD 21.24 Billion by 2030
The global Automotive Electric Fuel Pumps market size is expected to reach USD 21.24 billion by 2030 and exhibit a CAGR of 5.70% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing demand for electric vehicles, increasing fuel efficiency requirements and emission regulations, rising consumer preference for cleaner and greener technologies, improving battery technology and range of electric vehicles, cost reduction and economies of scale in electric fuel pump production, are fueling the market’s growth.
Westford USA, Oct. 18, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Automotive Electric Fuel Pumps market, increasing adoption of brushless electric fuel pumps, integration of electric fuel pumps with intelligent control systems, development of lightweight and compact electric fuel pump designs, growing demand for modular and customizable electric fuel pump solutions, utilization of advanced materials and technologies for improved efficiency, the emergence of solid-state electric fuel pumps, expanding application of electric fuel pumps in hybrid and electric vehicles, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Automotive Electric Fuel Pumps Market”
- Pages – 165
- Tables – 89
- Figures – 76
An automotive fuel pump is a mechanical or electrical device that pumps fuel from the fuel tank to the engine. It is a vital part of the fuel system and is responsible for delivering the correct amount of fuel to the engine at the correct pressure.
Prominent Players in Automotive Electric Fuel Pumps Market
- Bosch
- Denso
- Delphi Technologies
- Continental
- Aisin Seiki
- Johnson Controls
- Hitachi Automotive Systems
- Magneti Marelli
- Valeo
- ZF Friedrichshafen
- Mikuni
- Keihin
- Walbro
- Carter Fuel Systems
- Dayco
- Stanadyne
- SHW Group
- Magna International
- Robert Bosch Automotive Steering
- KSPG
- Toyoda Gosei
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In-Tank Electric Fuel Pumps Demand to Grow Substantially in the Forecast Period
In-Tank Electric Fuel Pumps dominated the global market owing to its high efficiency and performance. It is also integrated into the fuel tank itself, which helps optimize space in the vehicle’s engine compartment. This integration eliminates the need for long fuel lines and external mounting, freeing up valuable space for other components. As vehicle designs increasingly prioritize compactness and lightweight construction, in-tank electric fuel pumps become the preferred choice.
Passenger Car is the Leading Application Segment
In terms of application, the passenger car is the leading segment due to the high volume of passenger cars. In addition, With increasing fuel efficiency regulations and rising consumer awareness about environmental concerns, there is a growing demand for fuel-efficient passenger cars. Automotive electric fuel pumps play a crucial role in optimizing fuel delivery and pressure, helping improve overall fuel efficiency. As automakers strive to meet these fuel efficiency requirements, the demand for efficient electric fuel pumps in passenger cars rises.
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Asia-Pacific is the leading Market Due to the Huge Demand For Automotive Products
Region-wise, Asia-Pacific is one of the largest growing markets with a huge automotive market. The region is known for its strong manufacturing capabilities, with numerous automotive manufacturers and suppliers operating in the region. This extensive manufacturing base supports the production of automotive electric fuel pumps, meeting domestic and international demand.
A recent report thoroughly analyzes the major players operating within the Automotive Electric Fuel Pumps market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Automotive Electric Fuel Pumps.
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Key Developments in Automotive Electric Fuel Pumps Market
- EVI Technologies will offer EV consumers charging infrastructures at HPCL gas stations as part of this deal. Following discovering two safety issues in some models that could compromise the fuel supply or rearview image display, Stellantis announced it is recalling an estimated 256,404 Chrysler vehicles in the U.S. The two recalls affect 188,418 vehicles outside of North America and 248,705 vehicles outside the United States, including an estimated 60,287 Canadian vehicle.
Key Questions Answered in Automotive Electric Fuel Pumps Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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