Automotive Electric Water Pump Market reached a value of US $ 15.41 Bn. in 2022. 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 $ 20.56 Bn in 2029.
Automotive Electric Water Pump Market Overview
The recently published Automotive Electric Water Pump Market report by MMR Maximise Market Research provides an in-depth analysis of the Automotive Electric Water Pump Market and indicates the lucrative growth for the Automotive Electric Water Pump Market suppliers in the forecasted period. MMR has served around 600 clients across the globe since 2017. The impact of the market is normal after the Covid lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.
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Market Scope
The Automotive Electric Water Pump Market report provides key points that indicate the lucrative growth in the Automotive Electric Water Pump Market. Due to the significant efforts of the industry participants, the market is forecasted to grow by 2029. The report provides the cost structures and development goals and objectives of the key players. The reports comprise data on market size, current and future trends, market share, opportunities, threats, and risks, and the new entrants to the market. The MMR’s report on the Automotive Electric Water Pump Market can help new entrants in the market for understanding the new trends and opportunities as well as challenges of the industry. While researching the Automotive Electric Water Pump Market various methodologies were undertaken by the research analysts and industry experts to know the strengths, weaknesses, opportunities, and threats. The report provides the users the comprehensive information on analytical data scientifically displayed in the form of graphs, tables, and pie charts as well as product statistics.
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 2022. 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 2022. 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.
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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.
Regional Analysis
The research delves into the Automotive Electric Water Pump Market in-depth, segmenting it into regions. The report evaluates the market with different regions on a local as well as country-by-country basis this gives out a clear identification of the market trends, restrictions, and new development opportunities. Understanding the local and regional consumer behavior can help the new entrants to target the real Automotive Electric Water Pump Market audience.
Key Questions answered in the Automotive Electric Water Pump Market Report are:
Key offerings:
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Automotive Electric Water Pump Market Size , Automotive Electric Water Pump Market Demand , Automotive Electric Water Pump Market Analysis
Mar 10, 2023
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