Research Nester recently published report titled“Automotive Variable Discharge Oil Pump Market : Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the automotive variable discharge oil pump market in terms of market segmentation by product type, by displacement, by lubrication, by application and by region.
The global automotive variable discharge oil pump market is segmented by product type into electric, hydraulic and pneumatic; by variable into fixed and displacement; by lubrication system into wet sump and dry sump; by vehicle type into passenger vehicle and commercial vehicle; by application into idle-stop and hybrid and by region. The global automotive variable discharge oil pump market is anticipated to record a CAGR of 3.3% over the forecast period i.e. 2019-2027.
Increasing Fuel Prices across the Globe
The demand for oil in an engine depends on the engine speed, load bearing and operating temperature. The variable discharge oil is capable of controlling the pressure and oil flow according to requirement of engine and hence reduce the oil losses. Further, fuel economy is one of the prime concerns in the development of automotive engines. Companies focus on reducing oil pump friction which accounts for about 10% of engine friction to enhance fuel economy. These factors boost the market over the forecast period.
Growing Concern of Reduction in Carbon Footprint
In order to reduce its carbon footprint, manufacturers are increasingly focused on developing efficient technologies that could limit the amount of carbon emission. Companies are increasingly focusing on reduction of carbon from exhaust gases. Such factors are expected to drive the market over the forecast period.
The high cost of discharge oil pump is expected to dampen the market in near future. Also, there is a high amount of investment required in the production of efficient automotive variable discharge oil pumps.
The market in North America is expected to display a significant growth owing to increasing awareness for optimum use of fuel. Further, the Europe market for variable discharge oil pump is anticipated to induce a budding growth due to growing concern of sustainable development. The market in Asia Pacific is estimated to face highest demand over the forecast period on account of increasing demand of fuel efficient vehicle.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the automotive variable discharge oil pump market which includes company profiling of SHW Group, Denso Corporation, Johnson Electric, Magna International, Denso Corporation, Delphi Automotive LLP and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the automotive variable discharge oil pump market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.