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Rising Electric Vehicle Demand Propels Growth Of Automotive Electric Water Pump Market: A Key Catalyst Accelerating Automotive Electric Water Pump Market Growth in 2025
Automotive Electric Water Pump
Automotive Electric Water Pump Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the automotive electric water pump industry has seen a swift expansion in recent years. The market will enlarge from $3.81 billion in 2024 to $4.38 billion in 2025, with an impressive compound annual growth rate (CAGR) of 14.8%. Factors responsible for the growth observed in the historic period include heightened fuel efficiency standards, intensifying focus on reducing emissions, the need for advanced engine cooling, growing demand for electric and hybrid vehicles, progress and improvement in automotive technology as well as the rise in engine downsizing trends.
Automotive Electric Water Pump Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the automotive electric water pump market is anticipated to witness significant expansion, reaching an approximate size of $7.6 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 14.8%. This upswing during the forecast period can be linked to ongoing emission control initiatives, the incorporation of intelligent and connected attributes, the emergence of thermal management structures, an escalating emphasis on the use of lightweight materials and the burgeoning market penetration of electric vehicles. The forecast period is also expected to witness certain key trends, including an amplified electrification of vehicles, a concentrated focus on energy efficiency, integration with intelligent cooling systems, the preference for a lightweight design and materials, and the rise of electric and hybrid powertrains.
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What Are the Drivers Transforming the Automotive Electric Water Pump Market?
Expectations are that the burgeoning interest in electric vehicles will spur development in the automotive electric water pump sector. Electric vehicles, or EVs, are powered by an electric motor that draws energy from a rechargable battery. The function of an automotive electric water pump in these vehicles is to control the amount of coolant flowing through the engine at specified temperature intervals. By utilizing a controller, it ensures that the cooling process is neither inadequate nor excessive. Thus, the growth of the electric vehicle industry is linked to the success of the automotive electric water pump market. This was evident in 2023 when the Organisation Internationale des Constructeurs d'Automobiles (OICA), the France-based international car manufacturers body, reported a sharp incline in the worldwide vehicle manufacture industry. The total production of vehicles reached a remarkable 93546599 units, a drastic leap from the previous year's 85016728 units. This underlines the fact that the upward trend in electric vehicle demand is fuelling the expansion of the automotive electric water pump market.
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What Long-Term Trends Will Define the Future of the Automotive Electric Water Pump Market?
The automotive electric water pump market is significantly influenced by the trend of technological innovation. Many key players in the market are leveraging new technologies in order to maintain their standing in the industry. An example of this is Gates Corporation, a US manufacturer of fluid power and power transmission solutions, who introduced their cutting-edge Thermal Pro electric water pumps (EWP) for use in electric vehicles, in November 2022. The advanced design of this technology, capable of managing a diverse range of applications from 100 W to 3 kW (4.0 hp), is what sets it apart. Its innovative mechanical design elevates pump reliability by separating the electronics assembly from any potential contact with coolant fluids. Moreover, on platforms exclusive for electric applications, these electric water pumps could greatly consume battery. To address this, Gates Corporation designed a patent-pending technology that boosts motor efficiency, a vital factor.
Which Segments in the Automotive Electric Water Pump Market Offer the Most Profit Potential?
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 Firms Dominate the Automotive Electric Water Pump Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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