Global Automotive Electric Water Pump Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow 6.49% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive Electric Water Pump Market: Market Overview
The automotive electric water pump is a part of vehicles wherein there is a demand of higher efficiency engines. This water pump manages volume flow and provides standard engine cooling. An electric water pump has many advantages over mechanical water pump as it consumes less energy, lower emission, eliminate engine heat sock and increase the engine life.
Global Automotive Electric Water Pump Market: Market Dynamics
A significant growth of automobile industry fuels the growth of the global automotive electric water pump. Rising demand for fuel efficiency and better performance of vehicle is likely to boost the demand for automotive electric water pump. The power consumed by electric water pump is 90% less than mechanical operated pump which has been the key factor boosting the demand for automotive electric water pump. Increasing awareness about environment problems, strict rules and regulation enacted by government for reduction of emission, manufacturers are focused on increasing fuel efficiency and overall efficiency of vehicle that are the major factors driving this market during the forecast period.
The mechanical pumps are more powerful as compared to electric water pump. The flow rate of electric water pump is low means cannot move as much coolant as fast as mechanical pumps. The impact of COVID-19 pandemic on automotive industry, disrupted the supply-chain globally, are the major factors restraining the growth of the market.
Global Automotive Electric Water Pump Market: Market Segmentation
The global automotive electric water pump market is segmented by Pump type, by Vehicle type, by Sales Channel, and by region. The 12V electric water pump segment holds the largest market share owing to demand of 12V EWP use in passenger vehicles. The 24V electric water pump segment is also expected to grow for its application like traction cooling system in heavy duty hybrid vehicles. Rise in population of emerging nations like India and China, increases the sales of passenger vehicle, so the passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period, the demand for light vehicle and heavy vehicle also increases. OEMs segment of sales channel is likely to dominate the global automotive electric water pump market as many OEMs are focused on manufacture lightweight vehicles in order to increase the fuel efficiency and offers robust electric setup that lasts longer than aftermarket.
Global Automotive Electric Water Pump Market: Regional Analysis
Asia Pacific is dominating the global automotive electric water pump market due to major sales of automotive. Increase in the number of automotive manufacturing industries, entry of foreign automaker in emerging nations such as India and China are driving the automotive electric water pump market during the forecast period. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in countries like South Korea, China and India is likely to drive the market. OEMs are planning to increase their production volume with adoption of advanced technology in this region. In terms of share of global market Asia Pacific is followed by North America and Europe.
The objective of the report is to present a comprehensive analysis of the Global Automotive Electric Water Pump Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Electric Water Pump Market dynamics, structure by analysing the market segments and projects the Global Automotive Electric Water Pump Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Electric Water Pump Market make the report investor’s guide.
Scope of the Global Automotive Electric Water Pump Market
Global Automotive Electric Water Pump Market, by Pump type
• 12V EWP
• 24V EWP
Global Automotive Electric Water Pump Market, by Vehicle type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global Automotive Electric Water Pump Market, by Sales Channel
Global Automotive Electric Water Pump Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive Electric Water Pump Market, Key Players
• Continental AG
• Robert Bosch GmbH
• Behr Hella Service GmbH
• VALEO SERVICE.
• Magna International Inc.
• Schaeffier AG
• Gates Corporation
• BLDC Pump Co., Ltd.
• Rheinmetall Automotive AG
• AISIN SEIKI Co., Ltd.
For More Information Visit @: https://www.maximizemarketresearch.com/market-report/global-automotive-electric-water-pump-market/75154/
This Report Is Submitted By: Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Pune, Maharashtra 411051, India.