The report of Global Automotive Electric Water Pump Market by Pump type (12V EWP, 24V EWP), by vehicle type (Light Commercial vehicle, Heavy Commercial vehicle and Passenger vehicle), by Sales Channel (OEMs and Aftermarket) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn. by 2027, at a CAGR of 6.49 % during a forecast period.
The MMR report contains a detailed study of factors that will drive and restrain the growth of the Automotive Electric Water Pump market. A significant growth of automobile industry fuel the growth of the global automotive electric water pump. Rising demand for fuel efficiency and better performance of vehicle is likely to boost the demand of automotive electric water pump. The power consumed by electric water pump is 90% less than mechanical operated pump has been the key factor boosting the demand of automotive electric water pump. Increasing awareness about environment problems, strict rules and regulation enacted by government for reduction of emission, manufacturers are focused on increasing fuel efficiency and overall efficiency of vehicle are the major factors driving this market during the forecast period.
Asia Pacific is estimated to be the dominant region in the Automotive Electric Water Pump Market
Asia Pacific is dominating the global automotive electric water pump market due to major sales of automotive. Increase in the number of automotive manufacturing industries, entry of foreign automaker in emerging nations such as India and China are driving the automotive electric water pump market during the forecast period. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in countries including South Korea, China, and India is likely to drive the market. OEMs are planning to increase their production volume with adoption of advanced technology in this region.
Key players operating in the Automotive Electric Water Pump Market include 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. and other key players.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Automotive Electric Water Pump Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamic and future opportunities that might exist in the Automotive Electric Water Pump Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Electric Water Pump Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Electric Water Pump Market.”
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