Global Electrical Water Pump Market Overview:
Water pumps are essential for coolant-cooled engines and they make an important contribution to the safety and smooth functioning of a vehicle. The technical demands placed on them are mainly high, a situation moderately caused by vast temperature differences, variations in pressure and high coolant flow. The vast majority of today's passenger cars is currently still equipped with mechanically driven water pumps, which are connected with the drive via belts. Electric water pump could pump more than adequate quantities regardless of engine speeds, the coolant fluid temperature was kept constantly low. Electric water pump for internal combustion engine produces much more heat loss than that for hybrid electric vehicle or electric vehicle as it is operated by electric power of high current and low voltage.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rapid Adoption of Advanced Automotive Technologies such as Gasoline and Growing Demand for Environmental Friendly Solutions
Market Growth Drivers:
Rising Number of Cars Outfitted With a Turbocharger System and Increase Number of Fuel Efficient Vehicles boosts the Automotive Pumps Market
Challenges:
Package Constraint Can Limit the Ability to Design a Pump System
Restraints:
Rotating Parts That Melt or Wear Down Due To Inferior Materials and High Cost Associated With Electric Pumps
Opportunities:
Rising Automatic Transmission Systems and Government Regulations for Fuel Efficient Vehicles in Emerging Countries
Competitive Landscape:
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), AISIN SEIKI Co., Ltd. (Japan), Continental AG (Germany), Rheinmetall Automotive (Germany), Gates Corporation (United States), DAYCO (United States), Schaeffler Technologies AG (Germany), DaviesCraig (Australia), Behr Hella Service GmbH (Germany), GMB Corporation (Japan) and Hitachi Automotive Systems Americas, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Meziere Enterprises (United States) and BLDC PUMP Co., Ltd. (China). Analyst at AMA Research see German Vendors to retain maximum share of Global Electrical Water Pump market by 2028. Considering Market by End Use, the sub-segment i.e. Electric Vehicles will boost the Electrical Water Pump market. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the Electrical Water Pump market.
Latest Market Insights:
In November 2021, Gates, a leading global supplier of application-specific fluid power and power transmission solutions, is expanding its presence in hybrid and battery electric vehicle (BEV) applications with the launch of next-generation technology for electric water pumps (EWPs). Used in automobiles, light commercial, and heavy vehicles. Gates ThermalPro EWP technology is the culmination of significant investments in electronics, software, motor design, and computational fluid dynamics.
In January 2019, DAYCO has launched a heavy duty water pumps which is beneficial in providing low friction seals that prevents coolant leakage and ensure efficient coolant flow technology. It also offers engine products and drive systems supplier for the automotive, industrials and aftermarket industries.
What Can be Explored with the Electrical Water Pump Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electrical Water Pump Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electrical Water Pump
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electrical Water Pump market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electrical Water Pump market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Electric Water Pump, Suppliers of Electric Water Pump, Wholesalers, Distributors and Retailers of Electric Water Pump, Automobile Industry, Components Providers, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.