Automotive Electric Water Pump Market reached a value of US $ 15.41 Bn. in 2022. Global Automotive Electric Water Pump Market size is estimated to grow at a CAGR of 4.2%. The market is expected to reach a value of US $ 20.56 Bn in 2029.
Automotive Electric Water Pump Market Overview:
The purpose of this study is to provide an in-depth analysis of the Automotive Electric Water Pump Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Automotive Electric Water Pump industry. The study also provides a thorough examination of the market’s value chain.
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Automotive Electric Water Pump Market Scope:
The research method used to assess and forecast the Automotive Electric Water Pump market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Automotive Electric Water Pump market.
Automotive Electric Water Pump Market Drivers:
Engine downsizing, which is accomplished by the use of updated technologies like as turbochargers, superchargers, and direct injection technology, is one of the most current trends in the automobile industry. Small engines with power equivalent to or greater than conventional engines are becoming increasingly popular among OEMs. Smaller engines reduce the vehicle’s overall weight and, as a result, enhance fuel efficiency in both gasoline and diesel engines. For example, instead of a 6-cylinder engine, most Mercedes-Benz and BMW cars today are fitted with a 4-cylinder engine. A four-cylinder engine increases the amount of pressure necessary in the engine to provide the same amount of power as a larger engine while being more efficient. OEMs are also seeking to reduce engine size in order to fulfil government emission standards.
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Automotive Electric Water Pump Market Segmentation:
by Pump Type
12V EWP
24V EWP
by Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Passenger Vehicle
by Sale Channel
OEMs
Aftermarket
Automotive Electric Water Pump Market Key Players: The key players are
1. Continental AG
2. Robert Bosch GmbH
3. Behr Hella Service GmbH
4. VALEO SERVICE.
5. Magna International Inc.
6. KSPG
7. Schaeffier AG
8. DaviesCraig
9. Gates Corporation
10. BLDC Pump Co., Ltd.
11. Rheinmetall Automotive AG
12. AISIN SEIKI Co., Ltd.
13. Hitachi Automotive Systems Americas, Inc.
14. GMB Corporation
15. Schaeffler Group
16. Aisin Seiki Co., Ltd.
17. Concentric AB
18. AIRTEX ASC
19. TBK Co., Ltd.
20. Meko Auto Pvt. Ltd.
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Automotive Electric Water Pump Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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COVID-19 Impact Analysis on Automotive Electric Water Pump Market: The report also includes the detailed impact of COVID-19 on the Automotive Electric Water Pump market.
Key Questions Answered in the Automotive Electric Water Pump Market Report are:
- Which segment had the largest share in the Automotive Electric Water Pump market?
- How is the competitive scenario of the Automotive Electric Water Pump market in 2020?
- Which are the key drivers impacting the Automotive Electric Water Pump market growth?
- Which region holds the maximum share in the Automotive Electric Water Pump market?
- What will be the CAGR of the Automotive Electric Water Pump market during the forecast period (2021-2027)?
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