Press release
Rising Electric Vehicle Demand Propels Growth Of Automotive Electric Water Pump Market: A Key Factor Shaping the Future of the Automotive Electric Water Pump Market in 2025
Automotive Electric Water Pump Market Size
The growth of the automotive electric water pump market is projected to increase due to the escalating demand for electric vehicles. An electric vehicle, also known as an EV, is a vehicle powered by an electric motor, which derives its power from a battery and can be externally charged. The role of an automotive electric water pump in an electric vehicle is vital as it regulates the amount of coolant circulating in the engine within specific temperature limits and maintains the desired temperature using a controller, thereby preventing inadequate or excessive cooling. Thus, the growing demand for electric vehicles is predicted to stimulate the automotive electric water pump market. In 2023, as per the France-based international association of vehicle manufacturers, Organisation Internationale des Constructeurs d'Automobiles (OICA), the global automotive sector saw impressive growth, with the total production of vehicles hitting 93546599 units, marking a substantial jump from the 85016728 units manufactured in 2022. Consequently, the increasing demand for electric vehicles is heralding the expansion of the automotive electric water pump market.
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What is the projected compound annual growth rate (CAGR) of the automotive electric water pump market from 2025 to 2034, and what factors influence it?
The market size of the automotive electric water pump has seen substantial growth in the past few years. The market is projected to expand from $3.81 billion in 2024 to $4.38 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.8%. Several contributing factors have influenced this growth during the historic period, including stricter fuel efficiency standards, heightened focus on cutting emissions, advancements in engine cooling needs, an escalating demand for electric and hybrid vehicles, enhancements in automotive innovation and performance, and an increasing trend in engine downsizing.
Predictions indicate a swift expansion in the automotive electric water pump market in the coming years. The market is anticipated to surge to $7.6 billion in 2029, with a compound annual growth rate (CAGR) of 14.8%. This projected development during the forecast period can be credited to ongoing efforts in emission reduction, the adoption of smart and linked features, the emergence of thermal management systems, an intensified concentration on lightweight materials, and an expanding penetration rate of electric vehicles in the market. The forecast period will also witness significant trends such as an increased shift towards vehicle electrification, energy efficiency focus, integration of intelligent cooling systems, emphasis on lightweight design and materials, and the rising predominance of electric and hybrid powertrains.
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How are the latest trends influencing the growth of the automotive electric water pump market?
The primary trend gaining traction in the automotive electric water pump market is technological advancement. Bigger players in the market are putting their focus on the creation of new technology to secure their market stand. A key example is the Gates Corporation from the US, known for its application-specific fluid power and power transmission solutions. They introduced the next-generation Thermal Pro electric water pumps (EWP) for use in electric vehicles in November 2022. What sets this technology apart is its refined design that allows it to cater to a broad range of applications from 100 W to 3 kW (4.0 hp). It increases the reliability of the pump through a proprietary mechanical design that isolates the electronic assembly from potential contact with coolant fluids. In fully electric platforms, where electric water pumps might have significant battery usage, this technology with pending patent approval improves motor efficiency, which is vital.
What are the major segments of the automotive electric water pump market and their role in driving growth?
The automotive electric water pump market covered in this report 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), After market
Subsegments:
1) By 12V: Standard 12V Pumps, High-Performance 12V Pumps
2) By 24V: Standard 24V Pumps, High-Performance 24V Pumps
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Which regions are key players in the growth of the automotive electric water pump market?
Asia-Pacific was the largest region in the automotive electric water pump market in 2024. The regions covered in the automotive electric water pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the automotive electric water pump market?
Major companies operating in the automotive electric water pump market include Robert Bosch GmbH, Schaeffler AG, Hitachi Astemo Americas Inc., HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Valeo Service, Continental Automotive GmbH, BLDC Pump Co. Ltd., Gates Corporation, Davies Craig Pty Ltd., ZF Friedrichshafen AG, Johnson Electric Holdings Limited, Hanon Systems Co. Ltd., Aisin Seiki Co. Ltd., Magna International Inc., Behr Hella Service GmbH, Carter Fuel Systems LLC, GMB Corporation, ACDelco, DENSO Corporation, Delphi Technologies LLC, BorgWarner Inc., Mahle GmbH, Pierburg GmbH, Airtex Products L.P., ASC Industries Inc., Okinawa Pumps Co. Ltd., Keihin Group, Sanden Holdings Corporation
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What Is Covered In The Automotive Electric Water Pump Global Market Report?
• Market Size Forecast: Examine the automotive electric water pump market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive electric water pump market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive electric water pump market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive electric water pump market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive electric water pump market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive electric water pump market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive electric water pump market.
• Competitive Landscape: Review strategic developments in the automotive electric water pump market, including expansions, agreements, and new product launches.
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