Wilmington, Delaware, United States, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Various stakeholders operating in the automotive electric water pump market are geared toward unveiling and adopting new automobile cooling systems for battery management. Rise in production of electric vehicles is propelling the demand for next-gen automotive electric water pumps, thereby generating value-grab opportunities for industry players. The market is projected to advance at a CAGR of 13.45% from 2022 to 2031.
Product innovations is a key marketing strategy for automotive electric water pump manufacturers. Automobile cooling systems integrated with smart sensors of note has enabled them to reap revenue gains in recent years. Adoption of autonomous vehicles especially among urban population in developed and developing economies will considerably shape the future of automotive electric water pump market.
Growing ownership of premium vehicles particularly SUVs among millennials and Gen Z, reinforced by the trend of smart transportation, will generate incremental avenues for firms in the automotive electric water pump market. The commercialization of electric vehicles (EVs) and hybrid vehicles has enriched market demand for automotive electric water pump.
Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46254
Key Findings of Automotive Electric Water Pump Market Study
- Need for Automobile Cooling Systems for Fuel-Efficient Vehicles Underpins Enormous Prospects: Need for improving the fuel efficiency in vehicles has steadily enriched the outlook of automotive electric water pump market. Rise in number of passenger vehicles over the decades in several developing countries has spurred profitable avenues for market players. 12V electric water pumps have been widely adopted for passenger vehicles, the study on the automotive electric water pump market found. Furthermore, rise in application of electric water pumps in battery cooling systems generating has created massive revenue streams.
- Adoption of 12V and 24V Electric Water Pumps Propels Abundant Opportunities: 12V electric water pumps have gained preference among OEMs and vehicle manufacturers for various types of passenger vehicles and medium duty battery-powered vehicles. The trend has made 12 V as one of the key market segments in automotive electric water pump. Meanwhile, 24 V electric vehicle pumps are gaining widespread adoption in commercial vehicles notably for heavy duty vehicles. The study on the automotive electric water pump market finds that the expansion of the segment will create sizable revenue streams during the forecast period by clocking a CAGR of more than 9.00%.
Automotive Electric Water Pump Market: Key Drivers
- Rise in demand for fuel-efficient vehicles is a key driver for the automotive electric water pump market. Growing purchasing power of consumers in developing regions has spurred the demand for battery-operated vehicles, thereby translating into substantial lucrative avenues for providers of automobile cooling solutions.
- Increasing trend of incorporating cutting-edge sensor technology for engine cooling systems for their premium offerings is propelling the prospects of automotive electric water pump market. These sensors are instrumental in improving the driving experience.
Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=46254
Regional Growth Dynamics
- Asia Pacific held a key share of the automotive electric water pump market in terms of volumes. Rise in demand for fuel-efficient vehicles in emerging economies has steered the revenue streams for players in the regional market. Moreover, the commercialization of electric vehicles across the region has unlocked incredible avenues for market players to tap into in recent years.
- Europe has also emerged as a lucrative market in automotive electric water pump market. Rise in adoption of products in passenger vehicles has generated massive revenue streams among solution providers globally.
Automotive Electric Water Pump Market: Key Players
Few large players currently account for a majority of shares of automotive electric water pump market. They have consolidated their positions by continuously launching innovative products, expanding their product portfolio, and engaging in strategic mergers and acquisitions.
Some of the key players in automotive electric water pump market are Davies Craig, Continental AG, Gates Corporation, Carter Fuel Systems, LLC, ZF Friedrichshafen AG, Johnson Electric, Valeo SA, Magna International Inc., Hitachi Inc., Schaeffler AG, and Robert Bosch GmbH.
Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=46254
Automotive Electric Water Pump Market Segmentation
- By Voltage Type
- 12V
- 24V
- By Application
- Battery
- Engine
- Turbocharger
- Others
- By Propulsion
- IC Engine
- Gasoline
- Diesel
- Electric
- Battery Electric
- Hybrid / Plug-in Hybrid Electric
- Fuel-Cell Electric
- IC Engine
- By Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- SUVs
- Light Commercial Vehicle
- Heavy Duty Trucks
- Buses and Coaches
- Passenger Vehicle
- By Sales Channel
- OEM
- Aftermarket
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Automotive Antenna Market- Automotive Antenna Market is expected to reach US$ 12.2 Bn by the end of 2031
Caster Wheels Market - The global caster wheels market is expected to reach US$ 13.2 Bn by the end of 2031, grow at a CAGR of 5.40% from 2022 to 2031
Advanced Driver Assistance System Market - The global advanced driver assistance systems market is expected to surpass the value of US$ 80.93 Bn by the end of 2031, expand at a CAGR of 11.80% from 2021 to 2031
Automotive Display System Market - Automotive Display System Market is expected to cross value of US$ 29.7 Bn by the end of 2031, expand at a CAGR of 7.5% from 2022 to 2031.
Automotive OEM Key Market - Automotive OEM Key Market is estimated to reach the valuation of US$ 280 Mn by the end of 2030, expand at a CAGR of 2% during the forecast period.
Automotive Retrofit Electric Vehicle Powertrain Market- Automotive Retrofit Electric Vehicle Powertrain Market to Reach US$ $ 117.9 Bn by the end of 2031
Automotive Engine Management System Market- Automotive Engine Management System Market is expected to surpass the value of US$ 95.4 Bn by the end of 2031
Automotive Thermal System Market- Automotive Thermal System Market is expected to reach value of US$ 50.38 Bn by the end of 2031
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
