The Asia Pacific Automotive Electric Fuel Pumps Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automotive Electric Fuel Pumps Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,184.2 million by 2031. The Japan market is registering a CAGR of 6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.4% during (2024 - 2031).
Diesel vehicles also utilize electric fuel pumps but with a slight variation in design compared to gasoline engines. Diesel engines typically require higher fuel pressure, meaning the electric fuel pumps in these vehicles must be more robust and capable of delivering fuel at higher pressures. Diesel engines also use fuel injectors, and the electric fuel pump works to ensure that the proper amount of fuel is injected into the combustion chamber for efficient operation.
Hybrid vehicles combine traditional internal combustion engines with electric propulsion systems. These vehicles require electric fuel pumps to operate efficiently when using the internal combustion engine. The fuel pump helps to deliver the necessary fuel to the engine while the electric motor provides additional propulsion power, making these vehicles more fuel-efficient.
The automotive industries in both China and India are key players in the global market, with substantial production volumes and significant contributions to their respective economies. These growing automotive sectors, especially in the context of heavy vehicles and passenger cars, are expected to have a notable impact on the market, which is integral to the internal combustion engine (ICE) vehicles still prevalent in these markets. In India, the automotive industry is valued at over $222 billion and is crucial to the nation’s manufacturing GDP. While China leads in traditional internal combustion engine and electric vehicle (EV) production, the substantial number of passenger vehicles produced and sold annually suggests continued demand for traditional automotive components like electric fuel pumps, particularly in the short to medium term. Thus, the increasing vehicle production in India and China, particularly in the heavy-duty and passenger vehicle segments, will keep the demand for automotive electric fuel pumps robust.
Free Valuable Insights: The Global Automotive Electric Fuel Pumps Market is Predict to reach USD 32.34 Billion by 2031, at a CAGR of 6.3%
Based on Product, the market is segmented into Brushed DC, and Brushless DC. Based on Technology, the market is segmented into Turbine style, Sliding Vane, and Roller Vane. Based on Application, the market is segmented into LCVs, Cars, and HCVs. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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