“Electric Water Pump Market” 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.
Market Analysis and Insights: Global Electric Water Pump Market
Due to the COVID-19 pandemic, the global Electric Water Pump market size is estimated to be worth USD 960.6 million in 2022 and is forecast to a readjusted size of USD 1729.7 million by 2028 with a CAGR of 10.3% during the review period. Fully considering the economic change by this health crisis, 12V EWP accounting for % of the Electric Water Pump global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Engine segment is altered to an % CAGR throughout this forecast period.
Global Electric Water Pump 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.
In terms of production side, this report researches the Electric Water Pump capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electric Water Pump by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electric Water Pump Scope and Segment
Electric Water Pump market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Water Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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The Major Players in the Industrial Electric Water Pump Market include:
- Rheinmetall Automotive
- Hanon Systems
By Product Types:
- 12V EWP
- 24V EWP
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