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Global Electric Water Circulation Pump Market for Electric Vehicles to Surge, Expected to Reach USD 1,770.73 Million by 2030 | IGR

Global Electric Water Circulation Pump Market for Electric

The Global Electric Water Circulation Pump Market for Electric Vehicles, which was valued at USD 516.56 million in 2022, is set for significant growth and is expected to reach USD 1,770.73 million by 2030. This market is projected to exhibit an impressive Compound Annual Growth Rate (CAGR) of 16.91% during the forecast period from 2023 to 2030. The surge in demand for electric vehicles (EVs) worldwide is propelling the need for efficient and reliable battery cooling systems, driving the growth of electric water circulation pumps.

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EV Adoption Drives Demand

The global shift toward electric vehicles is a major catalyst for the electric water circulation pump market. These pumps play a crucial role in ensuring efficient battery cooling systems, which are essential for the reliable operation of EVs. As consumers become increasingly conscious of reducing carbon emissions and protecting the environment, the demand for electric vehicles continues to rise, boosting the market for electric water circulation pumps.

Government Incentives and Support

Governments in many countries are offering incentives and subsidies to encourage the adoption of electric vehicles, creating a favorable market environment for electric water circulation pumps. These initiatives not only promote EV adoption but also increase the demand for components like water circulation pumps that are essential for EV functionality.

Cost Challenges and Expansion Opportunities

Despite the growth, the high cost of electric water circulation pumps may deter some consumers from purchasing electric vehicles. However, as the popularity of EVs continues to grow, manufacturers have the opportunity to expand their production capacity and meet the rising demand for these pumps, potentially leading to cost reductions in the future.

Regional Dynamics: North America, Europe, and Asia Pacific Lead the Way

The market for electric water circulation pumps for electric vehicles is expected to be significant in North America, Europe, and Asia Pacific. In North America, the increasing adoption of electric vehicles and the presence of major EV manufacturers are expected to drive demand for electric water circulation pumps. The United States, in particular, is one of the largest global markets for electric vehicles, with growing demand for these pumps anticipated.

Europe is another major market for electric water circulation pumps, driven by stringent emissions regulations and the growing demand for EVs to meet environmental targets. The European Union's ambitious carbon emissions reduction goals are expected to boost the adoption of EVs and create a favorable market environment for these pumps.

The Asia Pacific region is also poised to be a significant market, led by countries like China, Japan, and South Korea, which are home to some of the largest EV manufacturers globally. As these nations drive the growth of the electric vehicle market, the demand for electric water circulation pumps is expected to surge.

Comprehensive Market Segmentation

The comprehensive report on the global electric water circulation pump market for electric vehicles provides detailed insights through various segments:

Voltage Type: Sub-markets include 12V electric water circulation pumps (WUP) and 24V electric water circulation pumps (WUP).
Type: Sub-markets encompass variable coolant pumps, centrifugal pumps, positive displacement pumps, and axial flow pumps.
Application: Sub-markets include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and off-highway electric vehicles (OHEVs).
Companies Profiled:

The report provides profiles of the companies in the market such as Hitachi, Ltd., Continental AG, Rheinmetall AG, Hanon Systems, Bühler Motor GmbH, Johnson Electric Holdings Limited, Valeo, Yinlun Co., Ltd., Gates Corporation, and Others.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Electric Water Circulation Pump for Electric Vehicle Market Highlights

2.2. Electric Water Circulation Pump for Electric Vehicle Market Projection

2.3. Electric Water Circulation Pump for Electric Vehicle Market Regional Highlights

Chapter 3. Global Electric Water Circulation Pump for Electric Vehicle Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Voltage Type

3.4.2. IGR-Growth Matrix Analysis by Type

3.4.3. IGR-Growth Matrix Analysis by Application

3.4.4. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Electric Water Circulation Pump for Electric Vehicle Market

Chapter 4. Electric Water Circulation Pump for Electric Vehicle Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Electric Water Circulation Pump for Electric Vehicle Market

5.2. Companies Profiles

5.2.1. Hitachi, Ltd.

5.2.2. Continental AG

5.2.3. Rheinmetall AG

5.2.4. Hanon Systems

5.2.5. Bühler Motor GmbH

5.2.6. Johnson Electric Holdings Limited

5.2.7. Valeo

5.2.8. Yinlun Co., Ltd.

5.2.9. Gates Corporation

5.2.10. Others

Chapter 6. Global Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

6.1. 12V Electric Water Circulation Pump (WUP)

6.2. 24V Electric Water Circulation Pump (WUP)

Chapter 7. Global Electric Water Circulation Pump for Electric Vehicle Market by Type

7.1. Variable Coolant Pump

7.2. Centrifugal Pump

7.3. Positive Displacement Pump

7.4. Axial Flow Pump

Chapter 8. Global Electric Water Circulation Pump for Electric Vehicle Market by Application

8.1. Battery Electric Vehicles (BEVs)

8.2. Plug-in Hybrid Electric Vehicles (PHEVs)

8.3. Off-highway Electric Vehicles (OHEVs)

Chapter 9. Global Electric Water Circulation Pump for Electric Vehicle Market by Region 2023-2030

9.1. North America

9.1.1. North America Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.1.2. North America Electric Water Circulation Pump for Electric Vehicle Market by Type

9.1.3. North America Electric Water Circulation Pump for Electric Vehicle Market by Application

9.1.4. North America Electric Water Circulation Pump for Electric Vehicle Market by Country

9.1.4.1. The U.S. Electric Water Circulation Pump for Electric Vehicle Market

9.1.4.1.1. The U.S. Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.1.4.1.2. The U.S. Electric Water Circulation Pump for Electric Vehicle Market by Type

9.1.4.1.3. The U.S. Electric Water Circulation Pump for Electric Vehicle Market by Application

9.1.4.2. Canada Electric Water Circulation Pump for Electric Vehicle Market

9.1.4.2.1. Canada Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.1.4.2.2. Canada Electric Water Circulation Pump for Electric Vehicle Market by Type

9.1.4.2.3. Canada Electric Water Circulation Pump for Electric Vehicle Market by Application

9.1.4.3. Mexico Electric Water Circulation Pump for Electric Vehicle Market

9.1.4.3.1. Mexico Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.1.4.3.2. Mexico Electric Water Circulation Pump for Electric Vehicle Market by Type

9.1.4.3.3. Mexico Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2. Europe

9.2.1. Europe Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.2. Europe Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.3. Europe Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2.4. Europe Electric Water Circulation Pump for Electric Vehicle Market by Country

9.2.4.1. Germany Electric Water Circulation Pump for Electric Vehicle Market

9.2.4.1.1. Germany Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.4.1.2. Germany Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.4.1.3. Germany Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2.4.2. United Kingdom Electric Water Circulation Pump for Electric Vehicle Market

9.2.4.2.1. United Kingdom Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.4.2.2. United Kingdom Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.4.2.3. United Kingdom Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2.4.3. France Electric Water Circulation Pump for Electric Vehicle Market

9.2.4.3.1. France Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.4.3.2. France Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.4.3.3. France Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2.4.4. Italy Electric Water Circulation Pump for Electric Vehicle Market

9.2.4.4.1. Italy Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.4.4.2. Italy Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.4.4.3. Italy Electric Water Circulation Pump for Electric Vehicle Market by Application

9.2.4.5. Rest of Europe Electric Water Circulation Pump for Electric Vehicle Market

9.2.4.5.1. Rest of Europe Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.2.4.5.2. Rest of Europe Electric Water Circulation Pump for Electric Vehicle Market by Type

9.2.4.5.3. Rest of Europe Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3. Asia Pacific

9.3.1. Asia Pacific Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.2. Asia Pacific Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.3. Asia Pacific Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4. Asia Pacific Electric Water Circulation Pump for Electric Vehicle Market by Country

9.3.4.1. China Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.1.1. China Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.1.2. China Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.1.3. China Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4.2. Japan Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.2.1. Japan Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.2.2. Japan Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.2.3. Japan Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4.3. India Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.3.1. India Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.3.2. India Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.3.3. India Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4.4. South Korea Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.4.1. South Korea Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.4.2. South Korea Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.4.3. South Korea Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4.5. Australia Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.5.1. Australia Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.5.2. Australia Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.5.3. Australia Electric Water Circulation Pump for Electric Vehicle Market by Application

9.3.4.6. Rest of Asia-Pacific Electric Water Circulation Pump for Electric Vehicle Market

9.3.4.6.1. Rest of Asia-Pacific Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.3.4.6.2. Rest of Asia-Pacific Electric Water Circulation Pump for Electric Vehicle Market by Type

9.3.4.6.3. Rest of Asia-Pacific Electric Water Circulation Pump for Electric Vehicle Market by Application

9.4. RoW

9.4.1. RoW Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.4.2. RoW Electric Water Circulation Pump for Electric Vehicle Market by Type

9.4.3. RoW Electric Water Circulation Pump for Electric Vehicle Market by Application

9.4.4. RoW Electric Water Circulation Pump for Electric Vehicle Market by Sub-region

9.4.4.1. Latin America Electric Water Circulation Pump for Electric Vehicle Market

9.4.4.1.1. Latin America Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.4.4.1.2. Latin America Electric Water Circulation Pump for Electric Vehicle Market by Type

9.4.4.1.3. Latin America Electric Water Circulation Pump for Electric Vehicle Market by Application

9.4.4.2. Middle East Electric Water Circulation Pump for Electric Vehicle Market

9.4.4.2.1. Middle East Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.4.4.2.2. Middle East Electric Water Circulation Pump for Electric Vehicle Market by Type

9.4.4.2.3. Middle East Electric Water Circulation Pump for Electric Vehicle Market by Application

9.4.4.3. Africa Electric Water Circulation Pump for Electric Vehicle Market

9.4.4.3.1. Africa Electric Water Circulation Pump for Electric Vehicle Market by Voltage Type

9.4.4.3.2. Africa Electric Water Circulation Pump for Electric Vehicle Market by Type

9.4.4.3.3. Africa Electric Water Circulation Pump for Electric Vehicle Market by Application

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/747

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Water Circulation Pump for Electric Vehicle.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts is engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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