Automotive Electric Water Pump Market by Type, Application, Sales Channel

Description

List of Tables

[193 Pages Report] The Automotive Electric Water Pump Market size was estimated at USD 4.11 billion in 2023 and expected to reach USD 4.59 billion in 2024, at a CAGR 12.45% to reach USD 9.36 billion by 2030.

An automotive electric water pump is a device installed in vehicles to circulate coolant through the engine's cooling system. Unlike traditional water pumps driven by the engine's belts or gears, this type of pump is powered by electricity from the vehicle's battery. This means it can operate independently of the engine's speed, providing more efficient cooling, especially when the engine is idle and running at low speeds. By maintaining an optimal temperature, the electric water pump helps prevent engine overheating and can contribute to better fuel efficiency and lower emissions. It is commonly used in various types of vehicles, including conventional gasoline cars, hybrids, and electric vehicles. As global vehicle production increases, especially with a push towards electric and hybrid models, the demand for advanced thermal management systems such as electric water pumps rises. Stricter emissions regulations worldwide are pushing automakers to adopt more efficient technologies, including electric water pumps, to comply with these norms and improve vehicle efficiency. However, the upfront cost of electric water pumps can be higher than traditional pumps, which may hinder their adoption in cost-sensitive markets. Furthermore, innovations in materials and motor technology that increase the efficiency, durability, and functionality of electric water pumps also drive market growth. Developing smart cooling systems that can dynamically adjust based on real-time engine and vehicle performance data can enhance overall vehicle efficiency and safety.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.11 billion
Estimated Year [2024]	USD 4.59 billion
Forecast Year [2030]	USD 9.36 billion
CAGR (%)	12.45%

Regional Insights

In the Americas, the United States stands as a significant market for automotive electric water pumps, primarily driven by the transition towards electric and hybrid vehicles. Consumer demand in the United States focuses on improving fuel efficiency and reducing emissions, directly influencing the adoption of advanced automotive technologies, including electric water pumps. Similarly, Canada follows this trend, although with a smaller market size, emphasizing energy-efficient vehicles equipped with modern technologies to handle extreme weather conditions. Europe is one of the frontline regions in the adoption of green technologies, with stringent EU regulations driving the demand for electric and hybrid vehicles. The automotive electric water pump market benefits from these regulatory frameworks as these pumps are crucial for controlling vehicle temperature effectively in fuel-efficient vehicles. The Middle East, with its affluent economies including Saudi Arabia and the UAE, shows growing interest in luxury and high-performance vehicles, adopting advanced automotive technologies that include electric water pumps. Asia-Pacific is particularly pivotal in the electric water pump market due to its massive automotive manufacturing base and evolving environmental policies. China leads with substantial investments in EV production and related technologies, heavily supported by government initiatives and substantial research and development activities. Japanese manufacturers are heavily involved in developing compact, high-performance electric water pumps to meet both domestic and global demand. Meanwhile, India is emerging as a significant potential market; as the nation pushes towards electric mobility, spurred by government incentives and increasing environmental awareness among consumers, the need for advanced automotive components, including electric water pumps, is expected to rise.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Electric Water Pump Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing production and sale of electric vehicles worldwide
- Government policies encouraging low-emission vehicles

Market Restraints
- Product compatibility issues with existing automotive systems

Market Opportunities
- Advancements in the design and production of electric water pumps
- Continuous research and development to improve thermal management systems in electric vehicles

Market Challenges
- Failure modes of electric water pump in electric vehicles

Market Segmentation Analysis
- Type: Rising demand for brushless DC electric water pumps due to its high performance and durability
- Application: Ongoing expansion of automotive sector boost the demand of automotive electric water pump

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Electric Water Pump Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Electric Water Pump Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Schaeffler AG Introduces Comprehensive Range of Electric Auxiliary Water Pumps in INA Aftermarket Portfolio

Schaeffler AG's Automotive Aftermarket division broadened its INA product line to include electric auxiliary water pumps. This expansion caters to the increased complexity and demand within vehicle cooling systems stemming from the rise of vehicle electrification. With efficiency and reliability at its core, the new range is designed to maintain optimal temperatures, which is crucial for minimizing thermal stress on significant engine and battery components in combustion, hybrid, and electric vehicles. [Published On: 2024-02-15]

Launch of NTN Corporation's Innovative Electric Water Pumps for Hybrid and Electric Vehicles

NTN Corporation has introduced a new series of auxiliary electric water pumps designed to enhance cooling systems in electric and hybrid vehicles. With over 40 models, these pumps incorporated advanced PPS plastic bearing technology, reducing friction by 30%, thereby saving energy and lowering CO2 emissions. [Published On: 2023-09-04]

Expanding Robert Bosch, LLC's Aftermarket Portfolio to Enhance Automotive Serviceability

Robert Bosch, LLC significantly expanded its aftermarket parts portfolio by introducing 102 new products, consequently extending coverage to nearly 24 million vehicles across North America. This broadened range includes 22 braking parts with QuietCast and Bosch Blue Disc Brake Pads, 42 fuel and water pumps including enhanced models for 2016-2019 Land Rover, Range Rover, and steering solutions such as Bosch Mechanical Steering Pumps suitable for various domestic, European, Asian, and commercial vehicles. [Published On: 2023-07-25]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Electric Water Pump Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Electric Water Pump Market, highlighting leading vendors and their innovative profiles. These include AIRTEX PRODUCTS, S.A.U, Aisin Seiki, BLDC Pump Co., Ltd., Carter Fuel Systems, LLC, Concentric AB, DaviesCraig, Espar Ltd, Gates Industrial Corporation PLC, GMB Corporation, HELLA GmbH & Co. KGaA, Hitachi Inc., Johnson Electric, Magna International Inc., Mikuni Corporation, Rheinmetall Automotive AG, Robert Bosch GmbH, Saxon Parts, Schaeffler AG, Valeo SA, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Electric Water Pump Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Brushed DC Electric Water Pump
- Brushless DC Electric Water Pump

Application
- Battery Cooling
- Cabin Heating
- Engine Cooling
- Turbocharger Cooling

Sales Channel
- Aftermarket
- Original Equipment Manufacturer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-CD5A9334CAC5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing production and sale of electric vehicles worldwide
  - 5.1.1.2. Government policies encouraging low-emission vehicles
- 5.1.2. Restraints
  - 5.1.2.1. Product compatibility issues with existing automotive systems
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the design and production of electric water pumps
  - 5.1.3.2. Continuous research and development to improve thermal management systems in electric vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Failure modes of electric water pump in electric vehicles
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising demand for brushless DC electric water pumps due to its high performance and durability
- 5.2.2. Application: Ongoing expansion of automotive sector boost the demand of automotive electric water pump
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Electric Water Pump Market, by Type

6.1. Introduction
6.2. Brushed DC Electric Water Pump
6.3. Brushless DC Electric Water Pump

7. Automotive Electric Water Pump Market, by Application

7.1. Introduction
7.2. Battery Cooling
7.3. Cabin Heating
7.4. Engine Cooling
7.5. Turbocharger Cooling

8. Automotive Electric Water Pump Market, by Sales Channel

8.1. Introduction
8.2. Aftermarket
8.3. Original Equipment Manufacturer

9. Americas Automotive Electric Water Pump Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Electric Water Pump Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Electric Water Pump Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Schaeffler AG Introduces Comprehensive Range of Electric Auxiliary Water Pumps in INA Aftermarket Portfolio
- 12.3.2. Launch of NTN Corporation's Innovative Electric Water Pumps for Hybrid and Electric Vehicles
- 12.3.3. Expanding Robert Bosch, LLC's Aftermarket Portfolio to Enhance Automotive Serviceability
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio