Automotive Variable Discharge Oil Pump Market Overview
The automotive variable discharge oil pump modify the delivery volume flow according to the engine oil demand and avoids the unnecessary pumping of the oil that causes an over consumption of fuel as well manage power consumption in the vehicle. Lubrication generally increases fuel consumption and impose a higher load on the engine. The oil consumption of engine is proportional to bearing clearances, load, operating temperature, speed & state of the wear of the engine. The conventional mechanical oil pump is attributed to the operating speed, and hence has no control on the oil flow. The automotive variable discharge oil pump can also joined with the balancer shaft unit and vacuum pump.
Market Size and Forecast
The Global automotive variable discharge oil pump market is anticipated to exist at a significant volume in 2017. Additionally, automotive variable discharge oil pump market anticipated to attain a significant CAGR during the forecast period.
North America and Europe hold a significant market share of automotive variable discharge oil pump market on the advent of boost in the awareness for optimal utility of fuel in various types of automobiles. Additionally, the extensive in research & development activities allied to aerospace and automobiles, where automotive variable discharge oil pump attains fuel efficiency, thereby boosting the growth of automotive variable discharge oil pump market in the region. The market in the Asia Pacific region is inclined towards the bolstering demand for automotive variable discharge oil pump due to the increasing demand for cost effective and fuel efficient vehicles.CLICK TO DOWNLOAD SAMPLE
Growth Drivers and Challenges
Rising Demand of Fuel Efficient Vehicles
The elevation in the demand of fuel efficient vehicles along with the volatility in the prices of crude oil manifests the increase of the automotive variable discharge oil pump market. The flux in fuel prices across the globe is a major factor propelling the market growth.
Concerns over Environment
The elevating concerns for sustainable development and reduction in carbon footprint are broadening the reach for automotive variable discharge oil pump market across the globe. The altering resultants that are existing in the form of automobile variable discharge oil pump are also benefiting to the market.
High Investment Cost
However, the high investment cost is a contracting factor to the growth of the automotive variable discharge oil pump market. The utilization of pilot valve technology to introduce an extra fuel economy improvement with accurate pressure control is broadening the reach of the automotive variable discharge oil pump market. Since the governments are supporting the automobile manufacturers to enhance emission and fuel consumption, several producers are harnessing the opportunities in the engine system to reduce fuel loss. One of the important trends in the global automotive variable discharge oil pump market is the introduction of 3-stage variable discharge oil pump. Additionally, the engagement of various OEMs in developing sustainable powertrain solutions is also prevalent in the market. The development of electric automotive variable discharge oil pump used for cooling transmission in a hybrid car is an example of development of sustainable powertrain solutions.
Our-in depth analysis of the global automotive variable discharge oil pump market includes the following segments:
By Vehicle Type
On the basis of regional analysis, global automotive variable discharge oil pump market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America and Europe embrace a noteworthy market share of automotive variable discharge oil pump market on the back of increase in the awareness on the context of optimum utilization of fuel in numerous types of automobiles. Also, the intense Research & Development activities related to aerospace and automobiles, where automotive variable discharge oil pump sustains fuel efficiency, thereby enhancing the growth of automotive variable discharge oil pump market in such regions. The market in the Asia Pacific region is apt towards the strengthening demand for automotive variable discharge oil pump on the heels of increasing demand for cost efficiency and fuel efficient vehicles.
Global automotive variable discharge oil pump market is further classified on the basis of region as follows:
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