Global Electric Water Pumps 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 Pumps Industry Forecast” looks at past sales and reviews total world Electric Water Pumps sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Water Pumps sales for 2023 through 2029. With Electric Water Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Water Pumps industry.
This Insight Report provides a comprehensive analysis of the global Electric Water Pumps 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 Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Water Pumps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Water Pumps 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 Pumps.
The global Electric Water Pumps 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 Pumps 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 Pumps 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
Continental
Aisin
Rheinmetall Automotive
Gates
Hanon Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Water Pumps market?
What factors are driving Electric Water Pumps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Water Pumps market opportunities vary by end market size?
How does Electric Water Pumps 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook