Global Automotive Electric Water Pump Market Report and Forecast 2022-2027

Global Automotive Electric Water Pump Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Research’s latest report, ‘Global Automotive Electric Water Pump Market Report and Forecast 2022-2027’, the global automotive electric water pump market reached a value of over USD 3.1 billion in 2021. Aided by the increasing utilisation in electric vehicles, the market is projected to further grow at a CAGR of 14.27% between 2022 and 2027 to reach a value of more than USD 6.9 billion by 2027.

An automotive electric water pump is an electric coolant pump inside a vehicle that depends on centrifugal force to pressurise liquids such as water and coolant, and circulate them in order to help dissipate heat in car engines. The pump serves as a major component in automobile cooling system. It facilitates the movement of coolant from the radiator to all the necessary parts in the powertrain, further determining how much coolant circulates through the engine by utilising a controller. Like any other component inside a vehicle, the water pump is essential for the smooth running of a car, and it allows the vehicle to function normally, without any overheating issues. By pushing the coolant inside the engine and absorbing its heat, it allows the engine to run smoothly and live longer.

The market is being benefited by the increasing demand for 12V electric water pumps owing to their increasing utilisation in passenger cars. The global market for automotive electric water pump is being driven by factors like the rapid urbanisation and industrialisation, increasing demand for passenger cars, and the growing automotive sector, especially in emerging nations. The increasing consumer disposable incomes and rising living standards are leading to the increased sales of passenger cars. Moreover, vehicle manufacturers are increasingly investing in the development of better performance and fuel-efficient vehicles. Over the forecast period, the increasing demand for fast charging of high-powered batteries is expected to enhance the demand for these pumps in electric vehicle cooling systems. This is expected to be further supported by the increasing adoption of electric vehicles due to the stringent government regulations to reduce carbon emissions.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentation such as vehicle type, pump type, application, sales channel, and region.

Market Breakup by Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Electric Vehicles

Market Distribution by Pump Type

• 12V
• 24V

Market Breakup by Application

• Engine
• Turbocharger
• Battery
• Others

Market Breakup by Sales Channel

• OEMs
• Aftermarket

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players. Some of the major players in the market explored in the Expert Market Research report are:

• Schaeffler Technologies AG & Co. KG
• Continental AG
• Robert Bosch GmbH
• Rheinmetall Automotive AG
• Gates Corporation
• BLDC Pump Co., Ltd.
• Davies, Craig Pty Ltd
• Valeo SA
• Behr Hella Service GmbH
• Hanon Systems
• Others

*We, at Expert Market Research, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

*Please Note:* The report will take 7-8 business days to deliver upon order notification.