Press release
Strong Growth Ahead: Automotive Electric Water Pump Market Size To Grow At Arecord 14.8% Cagr By 2029
Automotive Electric Water Pump
How Big Is the Automotive Electric Water Pump Market Size Expected to Be by 2034?
The market size of the automotive electric water pump has experienced speedy expansion in recent years. It's projected to increase from $3.81 billion in 2024 to $4.38 billion in 2025, with a compound annual growth rate (CAGR) of 14.8%. The historical growth can be ascribed to factors such as higher fuel efficiency standards, increased focus on reducing emissions, evolving engine cooling requirements, surges in demand for electric and hybrid vehicles, enhancements in automotive innovation and performance, and trends towards engine downsizing.
An accelerated expansion is anticipated in the automotive electric water pump market in the forthcoming years, with projections indicating a surge to $7.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 14.8%. This growth in the projected period is being driven by persistent endeavors to cut down emissions, the incorporation of smart and connected features, the emergence of thermal management systems, amplified emphasis on lightweight materials, and the burgeoning penetration of electric vehicles in the market. The forecast period is expected to witness major trends such as heightened vehicle electrification, prioritizing energy efficiency, integration with intelligent cooling systems, the utilization of lightweight designs and materials, and the growth of electric and hybrid powertrains.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9520
What Are the Emerging Segments Within the Automotive Electric Water Pump Market?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9520&type=smp
What Long-Term Drivers Are Shaping Automotive Electric Water Pump Market Trends?
As the demand for electric vehicles escalates, it is set to propel the expansion of the automotive electric water pump market. Essentially, an electric vehicle (EV) is a transport mode fueled by an electric motor, drawing power from a battery that can be externally charged. One of the critical components of an EV is the automotive electric water pump, which regulates the coolant's circulation through the engine across defined temperature ranges. It helps to maintain the desired temperature using a controller and prevents overcooling or undercooling. As a result, the escalating demand for electric vehicles is pushing the growth of the automotive electric water pump market. The Organisation Internationale des Constructeurs d'Automobiles (OICA), an international association of carmakers based in France, noted that in 2023, the global automotive industry saw significant growth. It recorded a production of 93546599 units, a substantial surge from the 85016728 units manufactured in 2022. Thus, the growing demand for electric vehicles is a major driving force for the automotive electric water pump market's expansion.
Who Are the Top Competitors in Key Automotive Electric Water Pump Market Segments?
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
What Automotive Electric Water Pump Market Trends Are Gaining Traction Across Different Segments?
The defining trend on the rise in the automotive electric water pump market is technological progression. Leading companies in this market are concentrated on creating innovative technologies to maintain their market standing. For example, Gates Corporation, a US firm that makes application-specific fluid power and power transmission solutions, rolled out the latest Thermal Pro electric water pumps (EWP) tailored for electric vehicle applications in November 2022. This technology's notable attribute is its intricate design that allows for a broad range of uses from 100 W to 3 kW (4.0 hp). To amplify pump dependability, the unique mechanical design safeguards the electronic assembly from potential coolant fluid exposure. Considering that electric water pumps can consume significant amounts of battery on wholly electric platforms, the pending-patent technology increases motor efficiency, a critical factor.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-electric-water-pump-global-market-report
Which Regions Are Becoming Hubs for Automotive Electric Water Pump Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Electric Water Pump Market?
2. What is the CAGR expected in the Automotive Electric Water Pump Market?
3. What Are the Key Innovations Transforming the Automotive Electric Water Pump Industry?
4. Which Region Is Leading the Automotive Electric Water Pump Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Automotive Electric Water Pump Market Size To Grow At Arecord 14.8% Cagr By 2029 here
News-ID: 3976959 • Views: …
More Releases from The Business Research Company
Market Trend Insights: The Impact of Emerging Developments on the Insurance Busi …
The insurance business process outsourcing industry is gaining significant traction as companies seek more efficient ways to manage insurance operations. With evolving technologies and a growing number of insurers, this market is set for considerable expansion in the coming years. Let's explore the current market valuation, key players, emerging trends, and segmentation details shaping this sector.
Projected Growth and Market Size of the Insurance Business Process Outsourcing Market
The insurance…
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the M …
The marine insurance sector is set to undergo significant expansion in the coming years, driven by technological advancements and evolving global risks. This market is adapting to new challenges and opportunities, reflecting shifts in maritime operations and increasing demands for specialized coverage. Here is an in-depth look at the marine insurance market's size, key players, emerging trends, and the main segments fueling its growth.
Projected Expansion and Market Size of Marine…
Analysis of Key Market Segments Driving the Syndicated Loans Market
The syndicated loans market is poised for substantial expansion in the coming years, driven by a combination of financial trends, investor preferences, and global economic factors. This report explores the projected market size, leading players, notable trends, and segmentation to provide a comprehensive overview of this evolving sector.
Expected Market Size and Growth Trajectory of the Syndicated Loans Market
The syndicated loans market is anticipated to experience rapid growth, reaching…
Market Trend Analysis: The Impact of Emerging Developments on the Remittance Mar …
The digital remittance sector is set for remarkable expansion in the coming years, driven by technological innovations and evolving financial regulations. As cross-border money transfers become more seamless and secure, the industry is positioning itself for impressive growth. Let's explore the projected market size, key players, prevailing trends, and detailed market segments shaping this fast-evolving domain.
Forecasted Market Size and Growth of the Digital Remittance Market
The digital remittance market…
More Releases for Pump
Asphalt Pumps Market Key Players: Johnson Pump, Viking Pump, Rotan Pump, Shanggu …
The Asphalt Pumps Market Research Reports 2021 – 2027 is an Analysis and In-depth study of the Asphalt Pumps Market Industry, with the target of global market trend. The report mainly focuses on the market size, market structure, market share, growth cost structure, and forecast for 2027. The Research Report is an analysis of quantitative of the Asphalt Pumps market and gives information for making strategies…
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Solar Pump Market Current & Future Growth Forecast To 2027 | CRI Pump, LORENTZ, …
Asia-pacific contributed to the highest share, accounting for more than half of the global solar pump market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to increase in government initiatives in region such as India, drive the market growth in this region. However, Europe is expected to grow at the highest CAGR of 8.5% from 2020 to 2027. This is owing to means of…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Global Slurry Pump Market: Tsurumi Pump, Shijiazhuang Kingda Pump, Xylem, Weir G …
Global Market Study Evaluate on Slurry Pump Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Slurry Pump market report is:
This report offers a comprehensive evaluation of the Slurry Pump market. It does so by in-depth qualitative insights, historical Slurry Pump market data, and verifiable projections about global Slurry Pump market size. The projections featured in the Slurry Pump market report have been…
