Press release
Automotive Electric Water Pump Research:CAGR of 19.4% during the forecast period
The global market for Automotive Electric Water Pump was estimated to be worth US$ 2111 million in 2023 and is forecast to a readjusted size of US$ 7225 million by 2030 with a CAGR of 19.4% during the forecast period 2024-2030.
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https://www.qyresearch.com/reports/2680583/automotive-electric-water-pump
Automotive Electric Water Pump Market Summary
An automotive electric water pump is a component used in vehicles to circulate coolant through the engine's cooling system. Unlike traditional mechanical water pumps driven by the engine's serpentine belt, an electric water pump operates independently and is powered by an electric motor. This design provides more control over the coolant flow, allowing for better temperature management and increased engine efficiency.
According to the new market research report "Global Automotive Electric Water Pump Market Report 2023-2029", published by QYResearch, the global Automotive Electric Water Pump market size is projected to reach USD 6.11 billion by 2029, at a CAGR of 19.4% during the forecast period.
Global Automotive Electric Water Pump MarketSize(US$ Million), 2018-2029
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Above data is based on report from QYResearch: Global Automotive Electric Water Pump Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
Global Automotive Electric Water Pump Top16Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)
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Above data is based on report from QYResearch: Global Automotive Electric Water Pump Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Electric Water Pump include Bosch, Rheinmetall Automotive, Vitesco Technologies (Continental), Fudi Technology, Hanon Systems, Aisin, Sanhua Automotive, Gates, Valeo, Southeast Electric Appliance&Motor, etc.
In 2022, the global top 10 players had a share approximately 62.0% in terms of revenue.
Automotive Electric Water Pump,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Automotive Electric Water Pump Market Report 2023-2029.
In terms of product type, currently 12V Electric Water Pump is the largest segment, hold a share of 59.8%.
Market Drivers:
Increasing Emphasis on Engine Efficiency: Growing focus on enhancing overall vehicle efficiency and fuel economy is driving the adoption of automotive electric water pumps due to their ability to operate independently and optimize coolant flow.
Rising Demand for Electric and Hybrid Vehicles: The surge in demand for electric and hybrid vehicles is a significant driver as these vehicles heavily rely on electric water pumps for efficient thermal management of batteries and electric drivetrain components.
Stringent Emission Standards: Strict emission regulations worldwide are pushing automakers to implement technologies that improve engine efficiency, and electric water pumps contribute to reducing emissions by optimizing cooling systems.
Advanced Thermal Management Systems: The need for advanced thermal management in modern engines, especially in turbocharged and direct-injection systems, is propelling the demand for electric water pumps to ensure optimal operating temperatures.
Restraint:
Initial Cost and Technology Integration Challenges: The initial cost of electric water pump systems and the challenges associated with integrating this technology into existing vehicle designs can be a restraint for widespread adoption.
Reliability and Durability Concerns: Concerns regarding the reliability and durability of electric water pumps may pose challenges, especially in harsh operating conditions and over the long term.
Opportunity:
Increasing Investment in Electric Vehicle Infrastructure: The growing investment in electric vehicle infrastructure presents opportunities for the automotive electric water pump market, particularly in the context of thermal management for electric vehicle components.
Technological Advancements and Innovations: Ongoing technological advancements and innovations in electric water pump design offer opportunities for manufacturers to develop more efficient and reliable systems.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Automotive Electric Water Pump market is segmented as below:
By Company
Bosch
Rheinmetall Automotive
Vitesco Technologies (Continental)
Fudi Technology
Hanon Systems
Aisin
Sanhua Automotive
Gates
Valeo
Southeast Electric Appliance & Motor
GMB
Shenpeng Electronics
MAHLE
Feilong Auto Components
Visu Autotec
Yinlun Co., Ltd
Segment by Type
12V Electric Water Pump
24V Electric Water Pump
Others
Segment by Application
Fuel Vehicle
New Energy Vehicles
Each chapter of the report provides detailed information for readers to further understand the Automotive Electric Water Pump market:
Chapter 1: Introduces the report scope of the Automotive Electric Water Pump report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Automotive Electric Water Pump manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Automotive Electric Water Pump market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Automotive Electric Water Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Automotive Electric Water Pump in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Automotive Electric Water Pump competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Automotive Electric Water Pump comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Automotive Electric Water Pump market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Automotive Electric Water Pump Market Insights, Forecast to 2030
Global and China Automotive Electric Water Pump Market Report & Forecast 2024-2030
Global Automotive Electric Water Pump Market Research Report 2024
Europe Automotive Electric Water Pumps Market Insights, Forecast to 2029
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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