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Automotive Pumps Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032

The global automotive pumps market size was worth around USD 12.04 Billion in 2023 and is predicted to grow to around USD 18.04 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.6% between 2024 and 2032.

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In comparison to mechanical pumps, electric pumps provide numerous advantages, including high efficiency and minimal temperature fluctuations. As a result of these factors, there is a worldwide trend toward the substitution of mechanical pumps with electrical pumps. Electric pumps are gaining worldwide popularity due to their ability to operate efficiently at high pressures. Numerous automakers are adopting electric pumps in order to abide by various environmental regulations mandated by the government.

By functioning autonomously from engine operations, electric pumps efficiently mitigate the release of carbon dioxide from internal combustion engines. In addition, electric compressors are imperative components of electric vehicles. Concurrently with the increasing demand for electric vehicles, the market for automotive compressors is expanding. By the end of 2032, it is anticipated that there will be more than 125 billion electric vehicles on the road.

The trajectory of the automotive pump market will be influenced by several critical factors. Automotive pump demand will initially increase due to the expansion of the economy and the escalating global production and sales of vehicles, which will be propelled by rising consumer demand. Furthermore, stringent regulations pertaining to fuel economy and emissions are compelling automotive manufacturers to implement cutting-edge pump technology as a means to enhance engine efficiency and reduce emissions.

Furthermore, the growing prevalence of electric vehicles (EVs) and hybrid vehicles is creating opportunities for electric pumps, specifically in the domains of refrigerant circulation and thermal system management. Furthermore, advancements in technology, including the development of lighter and more efficient pump designs and the integration of intelligent pump systems, will propel market growth by improving the overall functionality and efficiency of automobiles.

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The Global Automotive Pumps Market is segmented based on product, application and region

Global Automotive Pumps Market: Product Segment Analysis

● Windshield Washer Pumps
● Water Pumps
● Vacuum Pumps
● Transmission Pumps
● Steering Pumps
● Oil Pumps
● Fuel Pumps
● Fuel Injection Pumps

Global Automotive Pumps Market: Application Segment Analysis

● Heavy Commercial Vehicles
● Light Commercial vehicles
● Passenger Cars

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The global Automotive Pumps market profiles key players such as:

● Delphi Automotive
● Aisin Seiki
● Magna International
● TRW Automotive
● Robert Bosch
● Mikuni Corporation
● Denso Corporation
● Johnson Electric

The Asia Pacific automotive pumps market is anticipated to hold the largest proportion worldwide due to the increasing collaboration between Chinese and international automotive pump manufacturers. Europe is anticipated to experience substantial revenue growth in the coming years due to the substantial regional presence of well-established market participants.

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