Technology News & Trends

Automotive Electric Oil Pump Market: Introduction According to the report, the global  automotive electric oil pump market  is projected to surpass  US$ 76.4 Bn  by  2031 , expanding at a CAGR of ~ 24%  during the forecast period. Rise in the demand for electric mobility and fuel-efficient vehicles is driving the demand for automotive electric oil pumps. Stringent emission regulations have made it imperative for automakers to adopt engine downsizing technologies, such as electric oil pump. The electric oil pump is driven by an electric motor and maintains optimum oil pressure with low power consumption and high efficiency. Increase in consumer demand for performance and improvement in fuel economy are expected to drive the automotive electric oil pump market. The growing consumer inclination toward electric vehicles due to increase in awareness about environment pollution across the globe is likely to propel electric vehicle sales across the globe. This, in...

  Automotive Electric Oil Pump Market: Introduction According to the report, the global  automotive electric oil pump market  is projected to surpass  US$ 76.4 Bn  by  2031 , expanding at a CAGR of ~ 24%  during the forecast period. Rise in the demand for electric mobility and fuel-efficient vehicles is driving the demand for automotive electric oil pumps. Stringent emission regulations have made it imperative for automakers to adopt engine downsizing technologies, such as electric oil pump. The electric oil pump is driven by an electric motor and maintains optimum oil pressure with low power consumption and high efficiency. Increase in consumer demand for performance and improvement in fuel economy are expected to drive the automotive electric oil pump market. The growing consumer inclination toward electric vehicles due to increase in awareness about environment pollution across the globe is likely to propel electric vehicle sales across the globe. T...