The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising electric car demand is likely to stimulate innovation in automotive electric water pump manufacturing, boosting the market during the forecast period.

The global automotive electric water pump market is expected to grow from $2.91 billion in 2022 to $3.38 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The global automotive electric water pump market size is expected to reach $5.78 billion in 2027 at a CAGR of 14.4%.

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Global Automotive Electric Water Pump Market Segments Include:

• By Voltage Type: 12V, 24V
• By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Duty Trucks, Buses And Coaches
• By Propulsion: Internal Combustion Engines (ICEs), Electric, Battery Electric, Hybrid Or Plug-in Hybrid Electric, Fuel-Cell Electric
• By Application: Engine, Turbocharger, Battery, Other Applications
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive electric water pump market in 2021.

Major Market Players in the automotive electric water pump market include Robert Bosch GmbH, Schaeffler AG, Hitachi Astemo Americas Inc., HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Valeo, Continental AG, BLDC Pump Co. Ltd.

The primary trend gaining traction in the automotive electric water pump market is technological advancement. To maintain their market position, major players in the automotive electric water pump market are focusing on creating innovative technologies. For example, Gates Corporation, a US-based manufacturer of application-specific fluid power and power transmission solutions, will launch next-generation ThermalPro electric water pumps (EWP) for electric vehicle applications in November 2021. The comprehensive architecture of this technology allows it to handle a wide range of applications from 100 W to 3 kW (4.0 hp). The patented mechanical design protects the electronics assembly from potential coolant fluid exposure by enhancing pump reliability. Patent-pending technique improves motor efficiency, which is critical on fully electric platforms where electric water pumps can be significant battery consumers.

The Automotive Electric Water Pump Global Market Report 2023  provides a automotive electric water pump market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive electric water pump market forecast analyzes automotive electric water pump market size, automotive electric water pump market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An automotive electric water pump is a pump that uses a motor to transport coolant from the cooling system to the engine’s internals. It facilitates the transfer of coolant from the radiator to all necessary parts of the powertrain. It employs a controller to determine how much coolant circulates through the engine at various temperature ranges and to keep the engine at the proper temperature.

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