Growth Factors of Automotive Electric Water Pump Market
The Automotive Electric Water Pump Market size was valued at USD 2410.2 million in 2018 and is projected treach USD 14829.4 million by 2032, exhibiting a CAGR of 15% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted global deliver chains, extensively affecting the manufacturing and demand for automotive electric water pumps. Lockdowns, reduced purchaser spending, and a halt in vehicle manufacturing prompted a brief decline in marketplace growth. However, as economies get better and governments prioritize the adoption of electric vehicles (EVs) tlessen emissions, the call for for inexperienced cooling structures like electric powered water pumps is regaining momentum.
The integration of clever era in electric powered water pumps is a key fashion shaping the market. Modern pumps now function superior sensors and IoT connectivity, permitting real-time tracking of temperature and overall performance. These innovations decorate gasoline efficiency and optimize cooling systems, important for electric and hybrid cars. Additionally, manufacturers are that specialize in light-weight designs timprove energy performance, aligning with the car enterprise’s shift in the direction of sustainability. This fashion is further fueled by means of developing purchaser demand for high-overall performance, green automobiles, pushing groups tinnovate and offer present day solutions in thermal control systems.
The growing adoption of electrical and hybrid vehicles (EVs and HEVs) is a chief driving element within the marketplace. Electric water pumps are critical for efficient cooling in EVs, making sure most appropriate battery and motor performance. With governments international introducing incentives and stricter emission policies, the call for for EVs has surged, at once boosting the need for superior electric powered water pumps. Additionally, the growing cognizance on fuel performance and reducing carbon emissions in conventional internal combustion engine motors has further propelled the adoption of electric water pumps, which provide advanced thermal control compared tmechanical counterparts.
Comprehensive Analysis of Automotive Electric Water Pump Market
The Automotive Electric Water Pump Market growth is rising at an exponential rate due tits marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated By pump type, by vehicle type. By Pump Type Include 12V, 24V. By Vehicle Type include Passenger Car, Commercial Vehicle, Electric Vehicle.
The Asia Pacific region lead the Automotive Electric Water Pump Market share by benefitting a market size of USD 951.7 million Asia-Pacific is expected tdominate the automotive electric water pump market share during the forecast period. Increasing demand for passenger cars and rising disposable income are the primary factors contributing tthe high growth rate in this region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, EksBionics, Vuzix,these market players provide a level-playing competitive landscape.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD million) & Volume (Thousand units)
Segmentation By Pump Type
12V
24V
By Vehicle Type
Passenger Car
Commercial Vehicle
Electric Vehicle
By Geography
North America (U.S., Canada and Mexico)
Europe (U.K., Germany, France, and Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)
Rest of the World
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Automotive Electric Water Pump Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.2.1. Passenger Cars
- 5.2.2. Light Commercial Vehicles
- 5.2.3. Electric Vehicles
- 5.3. Market Analysis, Insights and Forecast – By Pump Type
- 5.3.1. 12V
- 5.3.2. 24V
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the World
- 6. North America Automotive Electric Water Pump Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Vehicle Type
- 6.2.1. Passenger Cars
- 6.2.2. Light Commercial Vehicles
- 6.2.3. Heavy Commercial Vehicles
- 6.2.4. Electric Vehicles
- 6.3. Market Analysis – By Pump Type
- 6.3.1. 12V
- 6.3.2. 24V
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Automotive Electric Water Pump Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Vehicle Type
- 7.2.1. Passenger Cars
- 7.2.2. Light Commercial Vehicles
- 7.2.3. Heavy Commercial Vehicles
- 7.2.4. Electric Vehicles
- 7.3. Market Analysis – By Pump Type
- 7.3.1. 12V
- 7.3.2. 24V
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Rest of Europe
- 8. Asia Pacific Automotive Electric Water Pump Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Vehicle Type
- 8.2.1. Passenger Cars
- 8.2.2. Light Commercial Vehicles
- 8.2.3. Heavy Commercial Vehicles
- 8.2.4. Electric Vehicles
- 8.3. Market Analysis – By Pump Type
- 8.3.1. 12V
- 8.3.2. 24V
- 8.4. Market Analysis – By Country
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Rest of Asia Pacific
- 9. Rest of the World Automotive Electric Water Pump Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Vehicle Type
- 9.2.1. Passenger Cars
- 9.2.2. Light Commercial Vehicles
- 9.2.3. Heavy Commercial Vehicles
- 9.2.4. Electric Vehicles
- 9.3. Market Analysis – By Pump Type
- 9.3.1. 12V
- 9.3.2. 24V
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2018)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles
- 10.5.1. Schaeffler AG
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Continental AG
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Robert Bosch GmbH
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Magna International Inc
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Rheinmetall Automotive AG
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Gates Corporation
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. BLDC Pump Co., Ltd.
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. DaviesCraig
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Others
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability) "
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