Automotive Electric Water Pump Market Industry Size, Growth, Manufacturers, Segments and Forecast- 2027

Automotive Electric Water Pump Market Outlook by 2027, Key dynamics, and Key Companies competition.

The Automotive Electric Water Pump market reached a value of US $ 14.2 Bn. in 2020. 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 $ 18.94 Bn in 2027. Maximize Market Research (MMR), a provider of healthcare statistics and data for both regional and global markets, has published a report on the Automotive Electric Water Pump market. Reports offer analysis of the business environment, regional market figures, and projections through 2027.

The report covers a wide range of issues with an emphasis on marketplaces and industries. Examples of branding strategies include launching new products, growing an organisation, forming joint ventures with others, and acquisitions. Additionally, all of the essential elements of the market research that specifically target the industrial landscape have been taken into account in the creation of this study. Additionally, the main market drivers, challenges, and opportunities are identified and examined in this market research analysis. The global healthcare business consultancy firm Maximize Market Research recently conducted a study on the competitive industry and market intelligence in the Automotive Electric Water Pump Market. An 18-year industry experience who examined the market from both a local and global perspective was employed in the study, which uses both primary and secondary data.

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Market Overview:

By carefully examining current and emerging trends, you will gain a better understanding of the Automotive Electric Water Pump Market. The analysis made use of Porter's five forces to assess the importance of a number of variables, such as the challenges raised by various agents, the level of market competition, and how well-versed aspiring young businesspeople were in a resource. The analysis looked at each country's microeconomic structure to establish the overall market size by regions and product categories. From the ground up, the predicted sizes of the local, regional, and global markets are determined. The percentage that the unregulated market contributes to the size of the overall market can be calculated using a micro level examination of each nation. Interactions with well-known local businesspeople help to confirm the results. Both paid and unpaid data sets are utilised to perform and evaluate secondary research. Actual government statistics, commercial databases, and, in the case of listed companies, yearly reports are the sources for supply by category and demand by each player.

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Market Dynamics:

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.

Market Segmentation:

Based on Pump Type, the market is sub-segmented into 12V EWP and 24V EWP. The 12V EWP segment was dominating the market in 2020. Because 12V EWPs are used in passenger automobiles, the 12V electric water pump sector has the biggest market share. The 24V electric water pump market is likely to expand as traction cooling systems in heavy-duty hybrid vehicles become more common.

Based on Vehicle Type, the market is sub-segmented into Light commercial vehicles, heavy commercial vehicles, and Passenger Vehicles. The passenger vehicle was leading the market in 2020. The rise in consumer disposable income has fueled demand for passenger automobiles, which has fueled the growth of the automotive pump industry. In the automotive pump market, the passenger car category is expected to have the highest share. The market for automotive pumps in passenger automobiles is predicted to increase rapidly, particularly in Asia Pacific's emerging economies, rising consumer demand for electric cars, as well as significant government adjustments to transportation rules aimed at reducing harmful emissions, are likely to propel the passenger car segment forward.

Regional Analysis:

The five primary geographical regions of the Automotive Electric Water Pump market are North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, Russia, Sweden, etc.), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC), South America (Brazil, Argentina, etc.), and the Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME&A).

Market Key players:

• Continental AG
• Robert Bosch GmbH
• Behr Hella Service GmbH
• VALEO SERVICE.
• Magna International Inc.
• KSPG
• Schaeffier AG
• DaviesCraig
• Gates Corporation
• BLDC Pump Co., Ltd.
• Rheinmetall Automotive AG
• AISIN SEIKI Co., Ltd.
• Hitachi Automotive Systems Americas, Inc.
• GMB Corporation
• Schaeffler Group
• Aisin Seiki Co., Ltd.
• Concentric AB
• AIRTEX ASC
• TBK Co., Ltd.
• Meko Auto Pvt. Ltd.

Reasons to buy :

• Market segmentation is carried out by qualitative and quantitative research, taking into account both economic and non-economic factors.
• Data on market value (in USD billions) is provided for every category and sub-segment.
• Identifies the region and sector expected to have the fastest growth and gain the largest market share.
• The industry's present and long-term market prospects in light of recent developments, including growth prospects, growth-related factors, and difficulties that emerging and developing regions alike must address.
• A competitive climate that considers the market shares of the top businesses as well as the launch of new goods and services, partnerships, corporate growth, and acquisitions.

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