Automotive Electric Vacuum Pump Market: Quantitative Industry Analysis, CurrentPosted by Sakshi Mishra on January 13th, 2020 Transparency Market Research has published a new report on the global automotive electric vacuum pump market for the forecast period of 2019–2027. According to the report, the global automotive electric vacuum pump market is projected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~15% during the forecast period. Global Automotive Electric Vacuum Pump Market: Key Insights
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Global Electric Vacuum Pump Market: Key Segments Based on application, the global automotive electric vacuum pump market has been classified into electric vehicles and gasoline/diesel vehicles. The electric vehicles segment has been further sub-segmented into battery electric vehicle, hybrid vehicles, and plug-in hybrid vehicles. The gasoline/ diesel vehicles segment held a major share of the global market in 2018, owing to significant demand and sale of cost-effective conventional gasoline/diesel vehicles. An electric vacuum pump is a basic component of an electric vehicle. Electric vacuum pumps are directly powered by a battery, and do not require engine power for operation. Consequently, rising sales of electric vehicles are expected to boost the demand for automotive electric vacuum pumps. Based on type, the global automotive electric vacuum pump market has been divided into leaf, diaphragm, and swing piston. Diaphragm type vacuum pumps are a widely utilized in the auto industry, owing to their simple design, reliability, and ease of maintenance. Like it? Share it!More by this author |