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 Automotive Electric Water Pump Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automotive Electric Water Pump Market, as well as the causes for variances in the industry’s growth in various places
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Automotive Electric Water Pump Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Automotive Electric Water Pump Market Drivers:
Engine downsizing, which is accomplished by the use of updated technologies like as turbochargers, superchargers, and direct injection technology, is one of the most current trends in the automobile industry. Small engines with power equivalent to or greater than conventional engines are becoming increasingly popular among OEMs. Smaller engines reduce the vehicle’s overall weight and, as a result, enhance fuel efficiency in both gasoline and diesel engines. For example, instead of a 6-cylinder engine, most Mercedes-Benz and BMW cars today are fitted with a 4-cylinder engine. A four-cylinder engine increases the amount of pressure necessary in the engine to provide the same amount of power as a larger engine while being more efficient. OEMs are also seeking to reduce engine size in order to fulfil government emission standards.
Automotive Electric Water Pump Market Segmentation:
by Pump Type
12V EWP
24V EWP
by Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Passenger Vehicle
by Sale Channel
OEMs
Aftermarket
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Automotive Electric Water Pump Market Key Players: The key players are
1. Continental AG
2. Robert Bosch GmbH
3. Behr Hella Service GmbH
4. VALEO SERVICE.
5. Magna International Inc.
6. KSPG
7. Schaeffier AG
8. DaviesCraig
9. Gates Corporation
10. BLDC Pump Co., Ltd.
11. Rheinmetall Automotive AG
12. AISIN SEIKI Co., Ltd.
13. Hitachi Automotive Systems Americas, Inc.
14. GMB Corporation
15. Schaeffler Group
16. Aisin Seiki Co., Ltd.
17. Concentric AB
18. AIRTEX ASC
19. TBK Co., Ltd.
20. Meko Auto Pvt. Ltd.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Automotive Electric Water Pump Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Automotive Electric Water Pump Market Report are:
Which sub-segment had the largest share in the Automotive Electric Water Pump Market?
How is the competitive landscape of the Automotive Electric Water Pump Market in 2023?
Which are the key drivers impacting the Automotive Electric Water Pump Market growth?
Which region holds the maximum share in the Automotive Electric Water Pump Market?
What will be the CAGR of the Automotive Electric Water Pump Market during the forecast period (2023-2029)?
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