Key Manufacturers of Automotive Pumps to Launch Fuel-Efficient Products

Automotive pumps are primarily used for the transfer of automotive fluids such as oil and fuel in the vehicles. They are being used significantly to improve the overall performance of the vehicle and enhance its fuel efficiency. Furthermore, the increasing demand for sustainable solutions has been propelling automotive component manufacturers to develop high-performance automotive pumps that could cater to the changing demands. Automotive pumps find their application in various automotive systems including coolants, fuel, steering, windshield, and others. Prominent market players are aimed at addressing the requirements of the automotive sector with the help of different types of automotive pumps.

New Electric Coolant Pump Technology by Concentric AB

There is a substantial shift witnessed amongst the consumers from mechanical automotive pumps to electric automotive pumps, owing to the various features and benefits over the mechanical type. Owing to this, companies are eyeing on the profit-gaining opportunities associated with the electric automotive pumps.

For instance, Concentric Ab, a leading provider of automotive pumps has received an order for the production of electric coolant pumps for an upcoming range of electric vehicles. The order was granted by a globally recognized truck and bus OEM. This is the third nominated application of the company’s electric pump technology. The electric coolant pump by Concentric AB offers power savings for the vehicle system with the help of its speed control capability and variable pressure.

New Products Boosting the Demand for Automotive Pumps

New product development has been a major profit gaining strategy for companies providing automotive components such as automotive pumps. With the changing dynamics of the market along with demand transformations, companies offer new products to the market. For example, a leading player in the automotive pumps market and a manufacturer of fuel pumps, TI Automotive, launched its new high-performance fuel system products, consisting of a family of high performance fuel tanks that are designed to support 600 plus HP applications. Moreover, the new pumps are ideal for forced induction applications such as turbocharged and supercharged and are one of the highest flowing pumps on the market.

Similar significant data regarding the automotive pumps market is compiled in the well-scrutinized research report on the automotive pumps market, presented by Future Market Insights. The detailed segmentation analysis and well-evaluated regional insights enable the reader to obtain key information related to the automotive pumps market. Moreover, the significant factors influencing the market, the key developments carried out by the automotive pumps market players, and the major strategies implemented by them, act as a crucial read.

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About Nikhil Kaitwade 19 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.