The latest report published by IMARC Group, titled “Automotive Electric Water Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on automotive electric water pump market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global automotive electric water pump market size reached US$ 3.02 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.82 Billion by 2028, exhibiting a growth rate (CAGR) of 14.35% during 2023-2028.
An automotive electric water pump is an advanced cooling component engineered to manage the temperature of a vehicle's engine. Unlike traditional mechanical water pumps, which rely on a belt drive connected to the engine, electric water pump operates independently through an electric motor. It comes in various types and capacities to suit different vehicle specifications, including internal combustion engines, hybrids, and electric vehicles. One of the most significant advantages of an electric water pump is its ability to precisely control coolant flow, thereby optimizing engine performance and reducing energy consumption. This results in improved fuel efficiency and a reduction in CO2 emissions. Their compact design also makes it easier to integrate into modern, space-constrained engine compartments.
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Market Trends:
The global automotive electric water pump market is majorly driven by the increasing focus on fuel efficiency and emissions reduction, given stringent environmental regulations worldwide. Along with this, the shift toward electric and hybrid vehicles also serves as a significant market booster, as these vehicle types often require electric water pumps for optimal thermal management. In addition, advances in material science and electric motor technologies are leading to more reliable, efficient, and long-lasting products, further encouraging their adoption. Moreover, the rise in automotive manufacturing across developing economies is another vital element contributing to market growth. Trends shaping the market include the growing integration of smart features, such as sensors and control units, which allow real-time monitoring and adjustment of coolant flow based on engine performance data. This adds a layer of intelligence to thermal management systems in vehicles. Furthermore, the demand for small, flexible, and efficient cooling solutions is accelerating as the automotive industry moves toward more compact and complex engine designs.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aisin Corporation
- Behr Hella Service GmbH (Mahle Group)
- BLDC Pump Co Ltd.
- Continental AG
- Davies Craig Pty Ltd.
- Gates Corporation
- Hitachi Astemo Americas, Inc
- Johnson Electric Ltd.
- Rheinmetall Automotive AG
- Robert Bosch GmbH
- Schaeffler AG
- Valeo SA
Automotive Electric Water Pump Market Segmentation:
Our report has categorized the market based on region, vehicle type, pump type, application, and sales channel.
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
Breakup by Pump Type:
- 12V
- 24V
Breakup by Application:
- Engine
- Turbocharger
- Battery
- Others
Breakup by Sales Channel:
- OEMs
- Aftermarket
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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