Automotive Electric Water Pump Market

The global demand for automotive electric water pump market is presumed to reach the valuation of nearly usd xxx mn by 2026 from usd xxx mn in 2019 with a cagr of x xx under the study period of 2020 2026.

Automotive electric water pump market. Automotive electric water pump market scope. We are in process of revamping automotive electric water pump market with respect to covid 19 impact. 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. Electric water pumps operate on battery and motor power for cooling engines which helps to minimize load on engines.

The worldwide market for automotive electric water pump is expected to grow at a cagr of roughly 6 7 over the next five years will reach 1280 million usd in 2024 from 870 million usd in 2019. Based on electric pump type the automotive electric water pump market can be classified into primary electric pump and secondary electric pump. This report segments the. The worldwide market for automotive electric water pump market is expected to grow at a cagr of roughly x x over the next ten years and will reach us xx x mn in 2028 from us xx x mn in 2018 according to a new market us prudour research study.

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. Automotive electric water pump is an electric pump used in the water cooling systems of the automotive industry driven by a dc motor. The automotive electric water pump market report involves comprehensive information on the key developments of major players involved in this market. The automotive electric water pump market can be divided based on product types and its sub type major applications and third party usage area and important regions.

It also adds swot analysis and business strategy of each and every key player mentioned. The global automotive electric water pump market can be segmented based on electric pump type vehicle type sales channel and region. The global automotive electric water pump market size was valued at usd 2410 2 million in 2018 and is projected to reach usd 6690 8 million by 2026 exhibiting a cagr of 14 0 during the forecast period.