Report ID: SQMIG25A2153
Report ID:
SQMIG25A2153 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
89 |
Figures:
76
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.
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REQUEST FREE CUSTOMIZATIONAutomotive 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).
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Report ID: SQMIG25A2153