A fuel pump is an essential component in a vehicle. This is also known as a key component of internal combustion (IC) engine. Many old engine designs do not require fuel pump technology as all the fuel feeding was dependant on only gravity. However, designs that doesn’t use gravity feed technology has to pump fuels from tank to the engine. Carburetor engines uses low pressure mechanical pumps wherein fuel injection engines use electric fuel pumps. Fuel pumps not only controls the flow of burning fuel but also enhances the fuel efficiency.
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There are certain designs of fuel pumps such as turbo-pumps, electric pumps and Mechanical pumps. Turbo pumps are utilized in jet engines, electric pumps and Mechanical pumps are utilized in modern cars whereas mechanical pump is older design. North America and Europe are major markets for fuel pumps market. However, Asia Pacific and RoW are growing economies for automobile and automotive market, hence are expected to spur the demand for fuel pumps market.
One of the major driving factors for this market is growing automotive and automobile industry. Asian countries such as India, China and African countries are witnessing the boom in automotive and automobile sector. In order to achieve fuel efficiencies enforced by various governments, the fuel injection pumps and systems are experiencing a significant demand over past a few years. However, factors such as economical crises hold back the market. The technological development is expected to take place further in this market.
Delphi Automotive LLP, Pricol Limited, Great Plants Industries, FARSTAR AUTO PARTS CO., LTD., SUNTEC INDUSTRIES INCORPORATED, Robert Bosch GmbH and Spectra Premium are some of the key manufacturers of fuel pumps.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
· North America
· Asia Pacific
· Rest of the World
This report provides comprehensive analysis of
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market structure
· Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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