Global Automotive Electric Water Pumps Market by Product Type (12V EWP and 24V EWP), By Application (Engine, Turbocharger, Battery, Other Applications), and by Region– Global Forecast to 2030
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17315
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April 2023
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96
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Marketresearch.Biz announces publication of its most recently generated research report titled, “Global Automotive Electric Water Pumps Market by Product Type (12V EWP and 24V EWP), By Application (Engine, Turbocharger, Battery, Other Applications), and by Region– Global Forecast to 2030”, which offers a holistic view of the global automotive electric water pumps market through systematic segmentation that covers every aspect of the target market. The global automotive electric water pumps market is projected to be US$ 1,027.3 Mn in 2020 to reach US$ 1,725.2 Mn by 2028 at a CAGR of 6.6%.
Electric water pumps maneuver on battery and motor power for cooling engines, which reduces the load on engines. Electric water pumps are a part of the increasing number of advanced generation vehicles, where demand for higher efficiency engines exponentially rises. Electric water pumps also reduce the engine load, controlled by sensors, to provide the necessary coolant amount during operations. Several new vehicles utilize up to three pumps for different systems, including cabin heating, turbocharger, and battery system cooling.
Electric water pumps are essential for heavy engines due to their exceptional performance for cooling and vehicles' efficient functioning. The significant segment of passenger cars is still reliant on mechanical water pumps attached to the drive via a belt. In contrast, electric water pump controls the cooling of the engine electronically. The working of electric water pumps does not depend on the engine's rotation speed, i.e. it does not require direct supply from the engine to operate the pump. The majority of light-duty and passenger vehicles use electric pump to cool its turbocharged air. Electric water pumps utilize only 10% energy for its operation, as compared to mechanically operated water pumps. Some other advantages of electric water pump over mechanical water pumps are lower emissions, elimination of engine heat sock, better engine temperature management, and greater longevity of engine. Electric automotive water pumps are considered more effective in cooling than their predecessors. They also help reduce the radiator size in vehicles. The global automotive electric water pump market is expected to grow significantly in the coming years, owing to increased demand for fuel-efficient vehicles from developed and developing economies.
Global Automotive Electric Water Pumps Market Revenue (US$ Mn), 2020–2030
Global automotive electric water pumps market is segmented based on product type, application, and region. Based on product type, the market is segmented into 12V EWP and 24V EWP. The 12V EWP is expected to register the highest CAGR, followed by 24V EWP in the automotive electric water pumps market. Based on application, the market is segmented into engine, turbocharger, battery, and other applications. The turbocharger segment in the global automotive electric water pumps market is estimated to account for a majority revenue share in 2020 end.
Global Automotive Electric Water Pumps Market Attractiveness Analysis by Form, 2014–2030
Increasing growth of automotive industry, especially in developing economies is expected to bolster growth of the global automotive electric water pump market
Growing focus of automotive OEMS towards providing advance and superior technology for fuel efficiency in vehicles, while reducing the carbon footprint on environment is anticipated to increase the demand for automotive electric water pumps
Strict government regulations pertaining to environment sustainability, resulting in rising production of fuel-efficient vehicles globally is another factor estimated to fuel growth of the global automotive electric water pump market
Segmentation of the Global Automotive Electric Water Pumps Market:
Segmentation by Product:
- 12V EWP
- 24V EWP
Segmentation by Application:
- Engine
- Turbocharger
- Battery
- Other Application
Segmentation by Regions:
- North America
- Europe
- APAC
- South America
- MEA
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- AG, Aisin Seiki Co.
- Ltd., Rheinmetall AG
- Gates Industrial Corporation plc
- Behr Hella Service GmbH
- Magna International Inc.
- GMB Corporation
- Engineered Machined Products
- Hitachi, Ltd.
- Sanhua Holding Group Co., Ltd.
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