The global demand for Automotive Electric Water Pump Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Automotive Electric Water Pump is an electric pump used in the water-cooling systems of the automotive industry driven by a DC motor. A water-cooling system has become an important necessity for the cooling system of electric vehicles due to the increase in demand for fast charging batteries emanating a higher percentage of heat. These pumps are based on a water-cooling system which is very effective compared to an air-cooling system. Using an automotive electric water pump enhances the performance of the car to a greater extent. These pumps are highly reliable and durable. They can as well be controlled by sensors.
The key factors for the growth of the Automotive Electric Pump market are the increase in demand for fuel efficiency, better performance of the vehicles and need for lighter engines. The fact that the modern-day consumers are always on the lookout for newer products, better experience, and convenience can help boost the market sector of these pumps. The main factors that can hinder the market growth in any geographical area are the economic status of the population and lack of infrastructure. Water scarcity in the region could as well play a minor role in the use of these pumps.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive electric water pump.
The entire automotive electric water pump market has been sub-categorized into electric pump type, vehicle type and sales channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Electric Pump Type
By Vehicle Type
- Primary Electric Pump
- Secondary Electric Pump
By Sales Channel
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicle
This section covers regional segmentation which accentuates on current and future demand for automotive electric water pump market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Electric Water Pump Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive electric water pump market include Schaeffler AG, Continental AG, Behr Hella Service GmbH, Robert Bosch GmbH, Magna International Inc., Valeo Service. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.