Electric oil pump circulates oil or a lubricant fluid under pressure in an intelligent way, so that the fluid flow is controlled electrically and independently. This flow mechanism of fluid is utilized for transmission, engine, and break in vehicle. Insufficiency in lubrication can create problem in vehicle component such as friction, wear and tear. The use of electric oil pump improves engine efficiency of a vehicle. Improper functioning of oil pump hinders performance of different systems like transmission, engine and braking system, which leads to huge loss, therefore, electric pumps are preferred over conventional pump.

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On the basis of geography, Asia Pacific region is projected to have considerable market growth during the forecast period, owing to the presence of key automobile manufacturers such as Toyota, Hyundai, Honda, and Suzuki, have established their manufacturing plants in APAC. Strong demand for passenger cars and commercial vehicles among consumers and industrial applications across key developing countries, such as India, China, and Korea are likely to drive the growth of the Asia Pacific market during the forecast period. Asia Pacific is leading to reduction of overall vehicle prices and subsequently increasing passenger vehicle adoption across the region.

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Some of the key players in Automotive Electric Oil Pump Market include Mitsubishi Electric Corporation, Hitachi, Ltd., Robert Bosch GmbH, Johnson Controls International Plc, ZF Friedrichshafen AG, Aptiv PLC, DENSO Corporation, Mikuni American Corporation, FTE automotive Group, Nidec Corporation, Magna International, MAHLE Group, HUSCO Automotive, LLC, SHW AG, Delphi Automotive PLC, and Rheinmetall Automotive AG.

What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
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- Company profiling with detailed strategies, financials, and recent developments
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