A report on the Global Electric Fuel Pump Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Electric Fuel Pump market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Fuel pumps are components of an automobile engine used with fuel injection to pump fuel from the gas tank to the injectors. The pump is usually a part of the sending unit assembly that includes a float. Float sends an electrical signal to the fuel gauge on the instrument panel. Electric fuel pumps are usually mounted inside the fuel tank; however, some may be mounted outside the tank. Additionally, an electric fuel pump can be replaced as a separate item or as a complete module assembly. Therefore, fuel pump helps to push gasoline to the engine. These features lead to the growth of the electric fuel pump market in coming years.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as ZF, Delphi, Alps, Tokai Rika, Valeo, Panasonic, Changjiang Automobile, Leopold Kostal, Methode Electronics, Aptiv, COBO International. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
In terms of value, Asia Pacific was at the forefront of the market, with a share of over 57.0% in 2018. It is poised to exhibit the highest CAGR over the forecast period. Strong demand for passenger cars and heavy commercial vehicles among consumers and industrial applications across key developing countries, such as India, China, and Korea, is one of the primary growth stimulants for the regional market.
Moreover, key automobile manufacturers such as Toyota, Hyundai, Honda, and Suzuki, have established their manufacturing plants in APAC, leading to a reduction of overall vehicle prices and subsequently increasing passenger vehicle adoption across the region.
Electric Fuel Pump Market Segmentation:
By Type:
- Gasoline Fuel Pump
- Diesel Fuel Pump
- Other
By Applications:
- OEM
- Aftermarket
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Electric Fuel Pump Market?
- Who are the top performing companies in Electric Fuel Pump Market?
- Which region dominated the worldwide market for Electric Fuel Pump in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/global-material-extrusion-market-is-expected-to-grow-at-a-cagr-of-8-1-during-forecast-period
- https://www.openpr.com/news/2864313/sweet-sauces-market-growth-trends-outlook-and-forecast
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