The Automotive Electric Water Pump Global Market Report 2023, provides comprehensive information on the automotive electric water pump market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Electric Water Pump Global Market Report 2023, the global automotive electric water pump market size is expected to grow from $2.91 billion in 2022 to $3.38 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive electric water pump market size is expected to reach $5.78 billion in 2027 at a CAGR of 14.4%.
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Technological advancement is the key trend gaining popularity in the automotive electric water pump market. Major companies operating in the automotive electric water pump market are focusing on developing new technologies to sustain their market position. For instance, in November 2021, Gates Corporation, a US-based manufacturer of application-specific fluid power and power transmission solutions, launched next-generation ThermalPro electric water pumps (EWP) used in electric vehicle applications. The unique feature of this technology is its sophisticated design, which enables it to handle a wide range of applications from 100 W to 3 kW (4.0 hp). By increasing pump reliability, proprietary mechanical design separates the electronics assembly from potential exposure to coolant fluids. On fully electric platforms, where electric water pumps can be substantial battery consumers, patent-pending technology enhances motor efficiency, which is crucial.
The automotive electric water pump market is segmented:
1) By Voltage Type: 12V, 24V
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Duty Trucks, Buses And Coaches
3) By Propulsion: Internal Combustion Engines (ICEs), Electric, Battery Electric, Hybrid Or Plug-in Hybrid Electric, Fuel-Cell Electric
4) By Application: Engine, Turbocharger, Battery, Other Applications
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive electric water pump market in 2022.
Major Players:
The table of contents in TBRC’s automotive electric water pump market report includes:
1. Executive Summary
2. Automotive Electric Water Pump Market Characteristics
3. Automotive Electric Water Pump Market Trends And Strategies
4. Automotive Electric Water Pump Market – Macro Economic Scenario
5. Automotive Electric Water Pump Market Size And Growth
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28. Key Mergers And Acquisitions In The Automotive Electric Water Pump Market
29. Automotive Electric Water Pump Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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