The global automotive electric fuel pumps industry are projected to witness steady growth of over 5% over the forecast period owing to recovery in automotive production coupled with effervescent innovation in design. It is used to inject petroleum from the tank to the vehicle engine and thus are considered as one of the most critical components in vehicles. These components can be turbo, electrical and mechanical. While mechanical pumps were prevalent in old car models, turbo pumps are popular in jet engines and electrical pumps in contemporary vehicles.
The automotive pump has transformed from simple mechanically functioned to electrically controlled. There has been a considerable increase in the usage of electrical injectors as compared to their mechanical counterparts. It may be attributed to increased pressure for improving efficiency and implementing advanced technologies. The industry has also witnessed the replacement of carburetor based engines by fuel injection engines, thus substituting mechanical pumps.
Increasing automobile production, growing emphasis on efficiency, rising popularity of brushless electric fuel pumps, and the evolving trend towards electrification of vehicle components are key factors driving market growth. Automakers worldwide have significantly increased their R&D spending to enhance power output and efficiency, due to the increased pressure to adhere to the stringent vehicle emission standards.
Stable technological development is expected to transform the landscape of the global automotive industry. Evolving consumer preference coupled with increasing focus on eco-friendly products and rising stress on safety are presumed to play a unique role in the evolution of automobiles. Growing need of reducing vehicle weight combined with enhanced efficiency is anticipated to drive the market for compact pumps.
The increasing importance of effectiveness of pushing gasoline to the engine may spur demand for electric pumps over the next few years. A well-functioning pump is used for the purpose of delivering right fuel quantity considering the operating conditions of the engine, maintaining optimal pressure between the carburetor and pump to minimize overheating, and to prevent vapor lock. The factors as mentioned above are anticipated to escalate demand for electric pumps over the next eight years. The electric pump market is further driven by a lower risk of explosion due to the pump being protected from gasoline vapor, less electrical load, enhanced pump life and lowered risk of boiling. Increasing car manufacturing is encouraging the sale of electric pumps. Auto manufacturers are increasing their R&D investment to develop superior quality electric pump and control electronics.
Growing emphasis on brushless products owing to urging focus on efficiency leading to improved vehicle mileage, reduced CO2 emission, volatile gasoline/diesel prices and strict emission norms for vehicles is anticipated to catapult industry growth. Brushed direct current fuel pumps may be completely replaced by brushless pumps particularly in commercial vehicles as there is considerable brush erosion in diesel engine driven heavy vehicles owing to the loss of brush contact with the carbon commuter surface. The decline of the brushed pump is propagated by the presence of contaminants such as ester, dirt, and sulfur in diesel. The growth of brushless DC pumps and roller vane style pump is thus expected to rise owing to the factors as mentioned earlier.
Technological advancement resulting in the development of Electric Power Steering (EPS) systems are increasingly replacing the electro-hydraulic and hydraulic steering systems. These systems restrict the use of steering pump, thus restraining the growth of the automotive pumps market.
India and China are expected to exhibit substantial market growth due to the burgeoning demand for passenger cars leading to their subsequent rise in production. The increase in disposable income paired with improvements in the standard of living due to rising employment level is expected to result in higher automotive demand. Further, development of road infrastructure and an increase in discretionary spends are expected to influence favorably the regional market growth.
Notable companies in the industry include Denso, Delphi Automotive, Continental, and Bosch. Other prominent vendors include Visteon, Federal-Mogul, Daewha Fuel Pump Industries, Airtex Fuel Delivery Systems and AC Delco.
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