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Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Electric Water Pumps, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Water Pumps. This report contains market size and forecasts of Electric Water Pumps in global, including the following market information:
The global Electric Water Pumps market was valued at US$ 889 million in 2022 and is projected to reach US$ 1716.7 million by 2029, at a CAGR of 9.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Electric Water Pumps manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Water Pumps Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Water Pumps Market Segment Percentages, by Type, 2022 (%)
Global Electric Water Pumps Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Water Pumps Market Segment Percentages, by Application, 2022 (%)
Global Electric Water Pumps Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Water Pumps Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Water Pumps revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electric Water Pumps revenues share in global market, 2022 (%)
Key companies Electric Water Pumps sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electric Water Pumps sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: