Global Electric Water Pump Market Growth 2023-2029

Global Electric Water Pump Market Growth 2023-2029

Electric water pump is activated by battery and motor only on demand for cooling. The just function minimizes the load on engine. Electric water pumps are a part of a growing number of newer vehicles where higher efficiency engines are demanded. Aside from providing standard engine cooling, they reduce engine load and can be controlled by sensors to provide the necessary amount of coolant at any time. Some new vehicles even use up to three pumps for various systems, including cabin heating, turbocharger and battery system cooling.

LPI (LP Information)' newest research report, the “Electric Water Pump Industry Forecast” looks at past sales and reviews total world Electric Water Pump sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Water Pump sales for 2023 through 2029. With Electric Water Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Water Pump industry.

This Insight Report provides a comprehensive analysis of the global Electric Water Pump landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Water Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Water Pump market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Water Pump and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Water Pump.

The global Electric Water Pump market size is projected to grow from US$ 845.2 million in 2022 to US$ 1720.2 million in 2029; it is expected to grow at a CAGR of 1720.2 from 2023 to 2029.

Global Electric Water Pump key players include Bosch, Continental, Aisin, Rheinmetall Automotive, etc. Global top four manufacturers hold a share over 75%.

Europe is the largest market, with a share about 55%, followed by Japan, and North America, both have a share over 30 percent.

In terms of product, 12V EWP is the largest segment, with a share over 70%. And in terms of application, the largest application is Engine, followed by Battery, Turbocharger, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Water Pump market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

12V EWP

24V EWP

Segmentation by application

Engine

Turbocharger

Battery

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Bosch

Aisin

Continental

Rheinmetall Automotive

Gates

Hanon Systems

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Water Pump market?

What factors are driving Electric Water Pump market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Water Pump market opportunities vary by end market size?

How does Electric Water Pump break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.