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Global Electric Vehicle (EV) Pumps Market Size, Share & COVID-19 Impact Analysis, By Product (Fuel Pump, Oil Pump, Steering Pump, Water Pump, Fuel Injection Pump and Other), By Technology (Mechanical and Electrical), By Vehicle Type (Passenger Car, LCV, HUV and Two Wheeler) and Regional Forecasts, 2022-2028

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The global EV pumps market size was valued at USD 1.8 billion in 2021. The market is projected to rach USD 5.4 billion by 2028, exhibiting a CAGR of 20.2% during the forecast period.
 
Increased demand for EV pumps is a result of the booming automobile sector. Several factors, including an increase in vehicle production, stricter emission standards, and the adoption of new technologies, drive the market. Most new technology, like automated transmissions and gasoline turbocharged direct injection, boosts a vehicle's performance. Furthermore, the EV pump market is expanding due to a shift toward electrification and a greater focus on fuel efficiency. Additionally, as consumer demand for environmentally friendly services grows, manufacturers are careful to design effective EV pumps. Additionally, the market is experiencing considerable demand growth due to rising consumer desire for fuel-efficient vehicles.
 
COVID-19 IMPACT

The COVID-19 pandemic is now a major cause for concern for automotive partners. Due to supply problems and the halt in car production, the EV pumps sector has ended. Due to the outbreak, automobile OEMs will be quite concerned about decreasing vehicle sales in the coming quarters. In any case, the market for EV pumps will need to experience a large expansion due to the standards for fossil fuel byproducts set by various nations. Before that, reduced vehicle sales and unexpected halts in developing new car technologies will result in slower growth of the EV pumps market.
 
DRIVING FACTORS

Increasing Pollution Will Drive Demand for EV Pumps

One of the main elements permitting the sale of EV pumps is the rising pollution. The car industry is one of the main causes of the enormous growth in pollution levels. The Environment Protection Agency (EPA) has discovered that in the U.S., automobiles are responsible for around 75% of carbon monoxide emissions. Several government and international organizations are restricting the automotive industry to prevent this. Inefficient combustion and antiquated cooling techniques frequently contribute to the high level of vehicle pollution. The result is a decrease in the fuel efficiency of cars. In light of this, sustainable electric water pumps (EWP) may be advantageous for the car industry.
 
RESTRAINING FACTORS

Huge Initial Cost of EV Pumps May Hamper Growth

Electronic parts, including ECUs, sensors, and microcontrollers with actuators, are installed to electrify pumps used in engine applications. A vehicle's weight can be reduced through electrification, which also helps it adhere to strict pollution standards. Although sophisticated high-voltage circuits and inductive losses make electric components less reliable, they perform better than mechanical components. The cost of the car as a whole has increased due to the electrification of more automotive parts.
 
SEGMENTATION

By Product


Based on product, the EV pumps market is segmented into fuel pump, oil pump, steering pump, water pump, fuel injection pump and other. The steering pumps category dominated the market in 2021. The water-driven steering framework in commercial vehicles and in the hatchback part of passenger automobiles both support the growth of the EV pump market. Systems that direct force with water or electricity use steering pumps. As a result of advancements in guiding system technology, electric power steering (EPS) systems are replacing water-driven and electro-pressure-driven guiding systems.
 
By Technology

By technology, the market is segmented into mechanical and electrical. The mechanical category dominated the market in 2021. In contrast to electric siphons, which use the electric energy from an engine to pump the liquid, mechanical vehicle pumps use mechanical power to push the liquid. Mechanical pumps, sometimes known as geared pumps, are precisely driven by drive belts or a car's camshaft. The market for EV pumps will need to grow gradually over a very long time since electronic pumps are being used more and more in place of mechanical pumps to increase the efficiency of cars.
 
By Vehicle Type

By vehicle type, the market is segmented into passenger car, LCVs, HUV and two wheeler. The passenger car category dominated the market in 2021. Rising consumer per capita income and cutting-edge technology like the Advanced Driver Assistance System (ADAS) are expected to fuel demand for the market segment and speed up the growth of the EV pumps sector. Additionally, because of the growing importance of transportation and the growing distances between homes, workplaces, educational institutions, retail centers, and recreational facilities, it is anticipated that demand for passenger cars will increase. Therefore, the need for EV pumps is anticipated to increase during the projection period.
 
REGIONAL INSIGHTS

 
The Asia Pacific is projected to hold the largest share of the EV pumps market over the forecast period. Growing consumer demand for fuel-efficient automobiles offers firms in the sector significant opportunities. Growing car manufacturing in rising nations like China and India is credited with the high growth rate of the Asia Pacific region. Additionally, the encouragement given to hybrid vehicle producers greatly impacts the development of EV pumps.
 
On the other hand, North America EV pumps market is anticipated to grow significantly over the forecast period. The region's increasingly strict emission regulations, the auto industry's paradigm change toward vehicle electrification, and the rising demand for commercial vehicles from the logistics and e-commerce sectors are all expected to contribute to the industry's growth.
 
LIST OF KEY COMPANIES PROFILED:
  • Aisin Seiki Co. Ltd.
  • Delphi Automotive
  • Denso Corporation
  • Robert Bosch Gmbh
  • Johnson Electric
  • KSPG AG-A- Rheinmetall
  • Mikuni Corporation
  • Magna International
  • TRW Automotive
  • SHW AG.
 
KEY INDUSTRY DEVELOPMENTS:
  • November 2019: To deliver electrically powered and regulated EV pumps to a major global OEM of trucks and buses, Concentric AB has been given a contract.
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Study Period 2016-2028
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2028
Historical Period 2016-2020
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Product, By Technology, By Vehicle Type and  By Geography
By Product
  • Fuel Pump
  • Oil Pump
  • Steering Pump
  • Water Pump
  • Fuel Injection Pump 
  • Other
By Technology
  • Mechanical
  • Electrical
By Vehicle Type
  • Passenger Car
  • LCV
  • HUV
  • Two wheeler
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global EV Pumps Market
    2.3    Global EV Pumps Market, 2018 – 2028 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2022
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global EV Pumps Market, By Product Segment Analysis

    4.1    EV Pumps Market Overview, By Product Segment
        4.1.1    Global EV Pumps Market Revenue Share, By Product, 2022 & 2028 (Value, %)
    4.2    Fuel Pump
        4.2.1    EV Pumps Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Oil Pump
        4.3.1    EV Pumps Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
    4.4    Steering Pump
        4.4.1    EV Pumps Share Forecast, By Region (USD Million)
        4.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.4.3    Key Market Trends, Growth Factors, & Opportunities
    4.5    Water Pump
        4.5.1    EV Pumps Share Forecast, By Region (USD Million)
        4.5.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.5.3    Key Market Trends, Growth Factors, & Opportunities
    4.6    Fuel Injection Pump 
        4.6.1    EV Pumps Share Forecast, By Region (USD Million)
        4.6.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.6.3    Key Market Trends, Growth Factors, & Opportunities
    4.7    Other
        4.7.1    EV Pumps Share Forecast, By Region (USD Million)
        4.7.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.7.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 5    Global EV Pumps Market, By Technology Segment Analysis

    5.1    EV Pumps Market Overview, By Technology Segment
        5.1.1    Global EV Pumps Market Revenue Share, By Technology, 2022 & 2028 (Value, %)
    5.2    Mechanical
        5.2.1    EV Pumps Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Electrical
        5.3.1    EV Pumps Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
            
Chapter 6    Global EV Pumps Market, By Vehicle Type Segment Analysis

    6.1    EV Pumps Market Overview, By Vehicle Type Segment
        6.1.1    Global EV Pumps Market Value Share, By Vehicle Type, 2021 & 2028 (Value, %)
    6.2    Passenger Car
        6.2.1    EV Pumps Share Forecast, By Region (USD Million)
        6.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.2.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    LCV
        6.3.1    EV Pumps Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    HUV
        6.3.1    EV Pumps Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    Two wheeler
        6.3.1    EV Pumps Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 7    EV Pumps Market – Regional Analysis, 2022 – 2028

    7.1    EV Pumps market Overview, by Region Segment
        7.1.1    Global EV Pumps market Revenue Share, By Region, 2022 & 2028
        7.1.2    Global EV Pumps Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        7.1.3    Global EV Pumps market Revenue, By Product, 2017 – 2028 (US$ Mn)
        7.1.4    Global EV Pumps market Revenue, By Technology, 2017 – 2028 (US$ Mn)
        7.1.5    Global EV Pumps Market Revenue, By Vehicle Type, 2017 – 2028 (US$ Mn)
    7.2    North America
        7.2.1    North America EV Pumps Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.2.2    North America EV Pumps Market Revenue, By Product, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.2.3    North America EV Pumps Market Revenue, By Technology, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.2.4    North America EV Pumps Market Revenue, By Vehicle Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.2.5    U.S. EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.2.6    Canada EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.2.7    Mexico EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    7.3    Europe
        7.3.1    Europe EV Pumps Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.3.2    Europe EV Pumps Market Revenue, By Product, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.3.3    Europe EV Pumps Market Revenue, By Technology, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.3.4    Europe EV Pumps Market Revenue, By Vehicle Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.3.5    Germany EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.3.6    France EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.3.7    U.K. EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.3.8    Italy EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.3.9    Spain EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.3.10    Rest of Europe EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    7.4    Asia Pacific
        7.4.1    Asia Pacific EV Pumps Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.4.2    Asia Pacific EV Pumps Market Revenue, By Product, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.4.3    Asia Pacific EV Pumps Market Revenue, By Technology, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.4.4    Asia Pacific EV Pumps Market Revenue, By Vehicle Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.4.5    China EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.4.6    Japan EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.4.7    India EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.4.8    South Korea EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.4.9    South-East Asia EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.4.10    Rest of Asia Pacific EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    7.5    Latin America
        7.5.1    Latin America EV Pumps Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.5.2    Latin America EV Pumps Market Revenue, By Product, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.5.3    Latin America EV Pumps Market Revenue, By Technology, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.5.4    Latin America EV Pumps Market Revenue, By Vehicle Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.5.5    Brazil EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.5.6    Argentina EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.5.7    Rest of Latin America EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    7.6    The Middle-East and Africa
        7.6.1    The Middle-East and Africa EV Pumps Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.6.2    The Middle-East and Africa EV Pumps Market Revenue, By Product, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.6.3    The Middle-East and Africa EV Pumps Market Revenue, By Technology, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.6.4    The Middle-East and Africa EV Pumps Market Revenue, By Vehicle Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        7.6.5    GCC Countries EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.6.6    South Africa EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        7.6.7    Rest of Middle-East Africa EV Pumps Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)

Chapter 8    EV Pumps Market – Industry Analysis

    8.1    Introduction
    8.2    Market Drivers
        8.2.1    Driving Factor 1 Analysis
        8.2.2    Driving Factor 2 Analysis
    8.3    Market Restraints
        8.3.1    Restraining Factor Analysis
    8.4    Market Opportunities
        8.4.1    Market Opportunity Analysis
    8.5    Porter’s Five Forces Analysis
    8.6    PEST Analysis
    8.7    Regulatory Landscape
    8.8    Technology Landscape
    8.9    Value Chain Analysis

Chapter 9    Competitive Landscape

    9.1    Company Market Share Analysis – 2022
        9.1.1    Global EV Pumps market: Company Market Share, 2022
        9.1.2    Global EV Pumps Market: Company Market Share, 2022
    9.2    Strategic Developments
        9.2.1    Acquisitions & Mergers
        9.2.2    New Product Launch
        9.2.3    Regional Expansion
    9.3    Company Strategic Developments – Heat Map Analysis

Chapter 10    Company Profiles

    10.1    Aisin Seiki Co. Ltd.
        10.1.1    Company Overview
        10.1.2    Key Executives
        10.1.3    Product Portfolio
        10.1.4    Financial Overview
        10.1.5    Operating Business Segments
        10.1.6    Business Segment Performance
        10.1.7    Recent Developments
    10.2    Delphi Automotive
    10.3    Denso Corporation
    10.4    Robert Bosch Gmbh
    10.5    Johnson Electric
    10.6    KSPG AG-A- Rheinmetall
    10.7    Mikuni Corporation
    10.8    Magna International
    10.9    TRW Automotive
    10.10    SHW AG.

Chapter 11    Research Methodology

    11.1    Research Methodology
    11.2    Phase I – Secondary Research
    11.3    Phase II - Data Modeling
        11.3.1    Company Share Analysis Model
        11.3.2    Revenue Based Modeling
    11.4    Phase III – Primary Research
    11.5    Research Limitations
        11.5.1    Assumptions
No Methodology
No Available