Press release
Automotive Electric Water Pump Market Size Hit USD 6690.8 Million by 2026
The global automotive electric water pump market size is projected to reach USD 6690.8 million by 2026, surging at a CAGR of 14.0% during the forecast period. Introduction of innovative designs and solutions will be the central growth driver for this market, as per the new Fortune Business Insights(TM) 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". An electric water pump (EWP) in automobiles is installed mainly for engine cooling, battery cooling, and heating air circulation. It plays an important role in maintaining the thermal balance in a vehicle and many innovators have developed advanced products in this regard.
For instance, Italy-based automotive cooling system specialist Saleri engineered a unique electromechanical water pump (EMP) to enable enhanced temperature control, without increasing power, in hybrid-powered vehicles. Similarly, the German automotive major Rheinmetall employed the canned motor concept to design a novel coolant solution that eliminates the need for sealing elements, thus ensuring a prolonged lifespan of the water pump. These, and many such innovations, are expected to emerge as the leading automotive electric water pump market trends in the forthcoming years.
Get a Sample PDF Brochure with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-electric-water-pump-market-102618
The report states that the value of the market stood at USD 2410.2 million in 2018. Additionally, it provides the following information:
Comprehensive insights into the regional dynamics of the market;
Detailed analysis of the competitive landscape of the market;
Exhaustive study of the various market segments; and
Microscopic evaluation of the market drivers, trends, and challenges.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on the automotive electric water pump market: https://www.fortunebusinessinsights.com/automotive-electric-water-pump-market-102618
List of Players Covered in the Automotive Electric Water Pump Market Report:
o DaviesCraig
o Gates Corporation
o Magna International Inc.
o Robert Bosch GmbH
o Schaeffler AG
o BLDC Pump Co., Ltd.
o Rheinmetall Automotive AG
o Continental AG
Market Driver
Escalating Pollution Levels Worldwide to Aid Market Expansion
Air pollution levels all over the world are escalating at an unprecedented rate and emissions from on-road vehicles is one of the foremost contributors to this rise. According to the World Health Organization (WHO), ambient air pollution was responsible for close to 4.2 million deaths worldwide in 2016. In the US, the Environment Protection Agency (EPA) estimates that motor vehicles account for 75% of the carbon monoxide pollution. One of the main reasons for such high level of vehicular pollution is the outdated and inefficient combustion and coolant technologies in automobiles. As a result, the fuel efficiency of vehicles is reduced, leading to more emissions and more pollution. In this scenario, the development of sustainable EWP systems for automobiles will bode well for the automotive electric water pump market growth.
Regional Analysis
Asia-Pacific to Hold Lion's Share; Europe to Follow Closely
The market size in Asia-Pacific stood at USD 951.7 million in 2018 and is expected to expand steadily in the coming years, enabling the region to dominate the automotive electric water pump market share. The chief growth propeller in the region is the skyrocketing demand for passenger vehicles, which itself is supported by continuously rising disposable income. In Europe, on the other hand, stringent government regulations on vehicular carbon emissions are nudging people towards electric vehicles which come preinstalled with EWP systems. A similar trend is witnessed in North America where there is an increasing demand for fuel-efficient vehicles, which augurs well for this market.
Competitive Landscape
Targeted Innovation Strategies to be Adopted by Major Players
While the opportunities for innovation are wide and extensive in this market, industry leaders are adopting a more targeted approach towards developing innovative solutions, the automotive electric water pump market analysis suggests. Companies are particularly designing products to cater to the rapidly growing market for electric vehicles, where the demand for advanced EWP units is set to rise in the near future.
Quick Buy - Automotive Electric Water Pump Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102618
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
For instance, Italy-based automotive cooling system specialist Saleri engineered a unique electromechanical water pump (EMP) to enable enhanced temperature control, without increasing power, in hybrid-powered vehicles. Similarly, the German automotive major Rheinmetall employed the canned motor concept to design a novel coolant solution that eliminates the need for sealing elements, thus ensuring a prolonged lifespan of the water pump. These, and many such innovations, are expected to emerge as the leading automotive electric water pump market trends in the forthcoming years.
Get a Sample PDF Brochure with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-electric-water-pump-market-102618
The report states that the value of the market stood at USD 2410.2 million in 2018. Additionally, it provides the following information:
Comprehensive insights into the regional dynamics of the market;
Detailed analysis of the competitive landscape of the market;
Exhaustive study of the various market segments; and
Microscopic evaluation of the market drivers, trends, and challenges.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on the automotive electric water pump market: https://www.fortunebusinessinsights.com/automotive-electric-water-pump-market-102618
List of Players Covered in the Automotive Electric Water Pump Market Report:
o DaviesCraig
o Gates Corporation
o Magna International Inc.
o Robert Bosch GmbH
o Schaeffler AG
o BLDC Pump Co., Ltd.
o Rheinmetall Automotive AG
o Continental AG
Market Driver
Escalating Pollution Levels Worldwide to Aid Market Expansion
Air pollution levels all over the world are escalating at an unprecedented rate and emissions from on-road vehicles is one of the foremost contributors to this rise. According to the World Health Organization (WHO), ambient air pollution was responsible for close to 4.2 million deaths worldwide in 2016. In the US, the Environment Protection Agency (EPA) estimates that motor vehicles account for 75% of the carbon monoxide pollution. One of the main reasons for such high level of vehicular pollution is the outdated and inefficient combustion and coolant technologies in automobiles. As a result, the fuel efficiency of vehicles is reduced, leading to more emissions and more pollution. In this scenario, the development of sustainable EWP systems for automobiles will bode well for the automotive electric water pump market growth.
Regional Analysis
Asia-Pacific to Hold Lion's Share; Europe to Follow Closely
The market size in Asia-Pacific stood at USD 951.7 million in 2018 and is expected to expand steadily in the coming years, enabling the region to dominate the automotive electric water pump market share. The chief growth propeller in the region is the skyrocketing demand for passenger vehicles, which itself is supported by continuously rising disposable income. In Europe, on the other hand, stringent government regulations on vehicular carbon emissions are nudging people towards electric vehicles which come preinstalled with EWP systems. A similar trend is witnessed in North America where there is an increasing demand for fuel-efficient vehicles, which augurs well for this market.
Competitive Landscape
Targeted Innovation Strategies to be Adopted by Major Players
While the opportunities for innovation are wide and extensive in this market, industry leaders are adopting a more targeted approach towards developing innovative solutions, the automotive electric water pump market analysis suggests. Companies are particularly designing products to cater to the rapidly growing market for electric vehicles, where the demand for advanced EWP units is set to rise in the near future.
Quick Buy - Automotive Electric Water Pump Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102618
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
