The latest report by IMARC Group, titled “Automotive Electric Water Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the automotive electric water pump market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global automotive electric water pump market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.92% during 2024-2032.
An automotive electric water pump is a critical component in modern vehicles, designed to circulate coolant throughout the engine and its components to regulate temperature and prevent overheating. Unlike traditional mechanical water pumps driven by the engine's belt system, electric water pumps are powered by the vehicle's electrical system, allowing for more precise control over coolant flow and temperature management.
This increased efficiency contributes to better engine performance, fuel economy, and reduced emissions. Electric water pumps are particularly advantageous in hybrid and electric vehicles, where managing heat without relying on engine power is essential. They also enhance engine performance by operating independently of engine speed, providing consistent cooling regardless of revolutions per minute (RPM). Besides this, the integration of electric water pumps supports advanced vehicle features such as start-stop systems and turbocharging by maintaining optimal engine temperatures during varying operating conditions.
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Market Trends:
The growing emphasis on fuel efficiency and emissions reduction represents the prime factor driving the global automotive electric water pump market. Electric water pumps help improve engine efficiency and lower emissions by precisely controlling coolant flow, which is increasingly important in meeting stringent environmental regulations worldwide. In line with this, the rise of hybrid and electric vehicles (EVs), which rely heavily on electric components, is fueling the demand for electric water pumps as they are essential for maintaining optimal battery and motor temperatures. Moreover, the push for improved vehicle performance and engine longevity further supports the adoption of electric water pumps, as they provide consistent cooling regardless of engine speed, preventing overheating and reducing wear on engine components.
In confluence with this, ongoing technological advancements in automotive engineering, including the development of more complex and efficient engines, create a need for sophisticated cooling systems, thereby bolstering the market growth. Additionally, the surging consumer demand for advanced vehicle features like turbocharging and start-stop systems is acting as another significant growth-inducing factor, as these features require reliable cooling solutions to function effectively. Furthermore, the automotive industry's shift towards electrification and the increasing production of EVs heighten the need for electric water pumps, which are integral to the thermal management systems of EVs, propelling the market forward.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aisin Corporation
- Behr Hella Service GmbH (Mahle Group)
- BLDC Pump Co Ltd.
- Continental AG
- Davies Craig Pty Ltd.
- Gates Corporation
- Hitachi Astemo Americas, Inc
- Johnson Electric Ltd.
- Rheinmetall Automotive AG
- Robert Bosch GmbH
- Schaeffler AG
- Valeo SA
Automotive Electric Water Pump Market Segmentation:
Our report has categorized the market based on region, vehicle type, pump type, application, and sales channel.
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
Breakup by Pump Type:
- 12V
- 24V
Breakup by Application:
- Engine
- Turbocharger
- Battery
- Others
Breakup by Sales Channel:
- OEMs
- Aftermarket
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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