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Automotive Electric Water Pump Market Size to Grow at a CAGR of 6.5% with Leading companies - Schaeffler AG, Continental AG, Behr Hella Service GmbH, Robert Bosch GmbH, Magna International Inc, VALEO SERVICE

03-01-2019 09:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Cosmos

/ PR Agency: Research Cosmos
Automotive Electric Water Pump Market Size to Grow at a CAGR

Increasing demand for fuel-efficient vehicles, improving vehicle making and implementation of environmental regulations are some of the important factors driving the automotive pumps market growth. Nevertheless, factors such as the growing acceptance of electric power steering and the high cost of electrical pumps are hindering the market.

Automotive Electric Water Pump Market Size and Growth Rate:

The Global Automotive Electric Water Pump Market Size value will increase to 1451 Million USD by 2025, from 871 Million USD in 2017, at a CAGR of 6.5% during the forecast period 2017-2025.

Browse details of 109 number of pages research report developed on Automotive Electric Water Pump Market @

https://www.researchcosmos.com/reports/world-automotive-electric-water-pump-market-to-2022-global-analysis-and-forecasts/1670516

Automotive Electric Water Pump Market Overview:

The fuel injection pumps rules the automotive pump market, where the main reason being the improved demand for fuel-efficient vehicles and the adoption of advanced automotive technologies such as gasoline uninterrupted injection. With current regulations restricting some number of pollutants emitted from the vehicles, the demand for efficient fuel injection systems with efficient fuel pumps has improved. Followed by the fuel injection pumps segment is the transmission pumps segment in global market share. The major factors according to this growth are the increasing vehicle production in countries like India, Brazil, and China, and expanded installation of the automatic transmission systems in vehicles due to rising demand for comfort by customers.

The automotive pumps market mainly comprises the technologies of electric and mechanical pumps that record demand from different channels such as customer cars, light commercial vehicles, and heavy commercial vehicles. The main sales channels in the market are original equipment manufacturers and aftermarket. The automotive pumps business has been evaluated across the regions of North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Geographical Insights of the Automotive Electric Water Pump Market:

By 2021, the Asia-Pacific is expected to be the biggest automotive pump market attributed to developing economies such as China and India. OEMs have designed to increase their production capacity in terms of size and are also setting up new facilities with innovative technological progress in these regions. The rise in vehicle production in Asia-Pacific have propelled the growth of the automotive industry in this region, starting to increase in automotive pumps market.

Ask Free Sample of the report @ https://www.researchcosmos.com/request/automotive-electric-water-pump-market-analysis-by-electric-pump-type-primary-electric-pump-and-se/1670516

Key Players of Automotive Electric Water Pump Market:

The automotive pumps market ecosystem consists of several prominent companies such as Schaeffler AG, Continental AG, Behr Hella Service GmbH, Robert Bosch GmbH, Magna International Inc., and VALEO SERVICE.

Automotive Electric Water Pump Market Key Segmentation:

By Electric Pump Type:

• Primary Electric Pump
• Secondary Electric Pump

By Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicle

By Sales Channel:

• Sales
• OEMs

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

For any queries, inquire more @

https://www.researchcosmos.com/inquire/automotive-electric-water-pump-market-analysis-by-electric-pump-type-primary-electric-pump-and-se/1670516

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/

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