Automotive Electric Water Pump Market to Soar at 14.0% CAGR till 2026; Mandatory Installation of EWPs in Electric Vehicles to Brighten Market Outlook

The global automotive electric water pump market size is poised to touch USD 6690.8 million by 2026 on account of rising urgency to curb carbon emissions, according to the recent Fortune Business Insights™ report, titled “Automotive Electric Water Pump Market Size, Share & Industry Analysis, By Pump Type (12V, 24V), By Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle) and Regional Forecast, 2019-2026”. The report also states that the value of the market stood at USD 2410.2 million in 2018 and is expected to exhibit a CAGR of 14.0% from 2019 to 2026.

Schaeffler Expands Its Intelligent Water Pumps Portfolio

One of the emerging automotive electric water pump market trends is the incorporation of smart technologies to raise the efficient quotient of an automotive engine. Exemplifying this trend is the German rolling elements bearings manufacturer Schaeffler Technologies, who launched a new series of switchable INA water pumps in August 2019. According to the company, the novel water pump systems are more intelligent than conventional mechanical pumps, as they supply coolants only when they are required and not otherwise. This is facilitated by the electric actuator embedded within these pumps that aligns the pumping capacity as per the operating status of the engine. With the launch of these three pumps, Schaeffler now caters to about 4 million more vehicles in Europe, in addition to its existing portfolio of pumps for Volkswagen and Mercedes-Benz models.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/automotive-electric-water-pump-market-102618

Distinct Advantages of EWPs over MWPs to Accelerate Uptake

Electric water pumps (EWPs) in vehicles enable temperature management in modern engines through regulated pumping of coolants to maintain the thermal balance in a vehicular engine. EWPs score over their conventional counterparts, mechanical water pumps (MWPs), on many aspects. For instance, the design of EWPs allows them to be installed remotely, without causing any inconvenience in engine installation and overall cooling performance of the vehicle. In contrast, MWPs need to be placed near the engine for drawing power, which can result in reduced heat flow-rate. Furthermore, EWPs provide an efficient alignment of the impeller and the drive motor, removing the need for sealing systems, thereby reducing friction and subsequent wear & tear, prolonging the life of the engine. Owing to these benefits, EWPs are being increasingly preferred over MWPs in modern automobiles.

Amalgamation of Diverse Technologies by Top Players to Energize Competition

Major competitors such as Bosch and Continental are creating new parameters of innovation in this market by merging different technologies and developing advanced solutions for end-users, according to the automotive electric water pump market report. Combined with their financial robustness, such innovations are aiding these players to entrench their position in the market, widen their portfolio of products, and expand their global footprint.

Industry Developments:

• December 2019: Pierburg, Rheimetall Automotive’s mobility brand with a focus on sustainability, developed and launched an entire family of coolant pump systems for hybrid and electric vehicles. Driven electrically, these pumps can be utilized in conventional combustion units as well as in vehicles having fuel cells as fuel cell stacks.   

 List of Key Companies Profiled in the Report:

• BLDC Pump Co., Ltd.


• Rheinmetall Automotive AG


• Continental AG


• DaviesCraig


• Gates Corporation


• Magna International Inc.


• Robert Bosch GmbH


• Schaeffler AG

Further Report Findings:

• With a market size of USD 951.7 million in 2018, Asia-Pacific is anticipated to have a commanding hold on the automotive electric water pump market share throughout the forecast period. This is mainly attributable to the prolific economic growth and development in India and China, which has increased the purchasing power among the population in the region.


• Europe is slated to retain its position as the second-most promising region in this market owing to the fact that most carmakers are installing EWPs in all vehicle models across the continent.


• The 12V EWP segment held a share of 74% in 2018 and the segment is expected to continue its dominance pumps of this type are regularly used in passenger cars.

Global Automotive Electric Water Pump Market Scope Segmentation :