Global Commercial Vehicle Electric Water Pump Market Overview:
The automotive electrical pump manages a volume flow on demand for the engine and different components of the vehicle like power electronics. The electrical pump accustomed to cool turbocharged air for passenger and light-duty vehicles. An electrical pump consumes 90 percent less energy than an automatically operated pump. An electrical pump has many benefits over a mechanical pump like lower emission, higher engine temperature management, elimination of engine heat sock, and enhancing of engine life. Some of the players profiled in the study are Behr Hella Service GmbH (Germany), Schaeffler AG (Germany), Continental AG (Germany), Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Valeo Service (France), Gates Corporation (United States), Rheinmetall AG (Germany) and Focus Technology Co. (China).
On the basis of geography, the market of Commercial Vehicle Electric Water Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online (Manufacturers will boost the Commercial Vehicle Electric Water Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand for Fuel-Efficient Vehicles and Low Emission is Boosting the Demand for Commercial Vehicle Electric Water Pump
- Easy Availability of Components to Manufacture Electric Water Pump
Influencing Trend
- Increasing Efficiency and Working on Low Emission of Gases Demands
Restraints
- Less Power Generation in Comparison to Mechanical Water Pump
- Use of Incorrect Coolants or Contaminated Coolants
Opportunities
- Battery and Traction Cooling System by Electric Water pump for heavy Duty Vehicles and Electric or Hybrid Vehicles
Challenges
- Substitutes Available in Market for the Same Performance
In 2020, Mahle Group acquires Behr Hella Service GmbH (BHS), the dealing can add BHS thermal management product to the Mahle Aftermarket portfolio.
The global Commercial Vehicle Electric Water Pump market is fragmented by key players owing to the need for high-performance vehicle support and lower emission rate. The emerging players should take the newer trends of more efficiency into consideration and increasing demand for vehicle aftermarket parts, and grow into that vertical by deploying the investment into R&D.
Target Audience:
Commercial Vehicle Electric Water Pump Manufacturers, Suppliers/Traders/Distributors, Automobile Companies, Research Institutes and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Commercial Vehicle Electric Water Pump market on the basis of product [Primary Electric Pump and Secondary Electric Pump] , application [Engine Cooling, Battery Cooling and Turbocharger Cooling], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Commercial Vehicle Electric Water Pump market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Commercial Vehicle Electric Water Pump industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Vitesco Technologies (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Commercial Vehicle Electric Water Pump market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.