Market Overview:
The global light vehicle electric water pump market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles across the globe. Additionally, factors such as stringent emission norms and rising fuel prices are also contributing to the growth of this market. The global light vehicle electric water pump market is segmented on the basis of type, application and region. On the basis of type, it is segmented into 12V, 24V, 48V and others segments. On the basis of application, it is segmented into engine cooling, battery cooling, turbocharger cooling and other segments. Region-wise, it is divided into North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (South Africa).
Product Definition:
A light vehicle electric water pump is a device that uses an electric motor to circulate water through the engine and radiator. It is important for keeping the engine cool, and it can also help improve performance and fuel economy.
12V:
12V is the voltage of electric water pump. It's usage in a light vehicle is for starting the engine, which uses an electric motor to run the crankshaft. The 12V battery provides power to start and charge the car’s electrical systems such as headlights, electronic accessories, interior lights and so on.
24V:
The 24V is a voltage used in the light vehicle electric water pump market. It can be defined as an electrical system that provides a range of power from low to high voltage levels. The 24V systems are widely used in the automotive industry for various applications such as battery charging, engine starting, and lighting purposes among others.
Application Insights:
The engine cooling application segment accounted for the largest revenue share of over 40% in 2017. This is due to the increased adoption of electric water pumps in automotive applications, particularly with regard to diesel engines. The battery packs in various vehicles are prone to overheating and this may lead to a reduction in battery life if proper measures are not taken. In such cases, an electric water pump would help as it provides forced water circulation within the engine bay, thereby keeping the temperature of batteries low and enhancing battery life.
Turbocharger cooling application segment is expected register notable growth over the forecast period owing to its rising adoption across several vehicle types including passenger cars, light commercial vehicles (LCVs), heavy-duty trucks (HDT) and buses among others. Turbochargers use a large amount of forced air blown into them during operation which helps reduce their temperatures significantly as compared with other parts that sit outside normal vehicle temperature limits such as radiators or fans do.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from developing countries, such as China and India. Moreover, supportive government policies are expected to boost industry growth in these regions. For instance, China has implemented various policies and plans related to electric vehicles including “National Energy Strategy†(2016), “13th Five-Year Plan for Economic Development†(2016) and “Decade of Natural Gas†(2015).
Europe was estimated at USD X million in 2017 owing to high demand from battery cooling applications due to rising adoption of light commercial vehicles on account of their extended range capabilities.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for electric water pumps as well.
- Rising awareness about the benefits of electric water pumps: There is a growing awareness among consumers about the benefits of using electric water pumps, such as energy efficiency and low maintenance costs. This is likely to boost the growth of the market in coming years.
- Technological advancements: The development of new and innovative technologies has led to an increase in adoption rates of electric water pumps across various industries. This is likely to propel the growth of this market in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Electric Water Pump Market Research Report
By Type
12V, 24V, 48V, Others
By Application
Engine Cooling, Battery Cooling, Turbocharger Cooling, Other
By Companies
Gates, GMB Corporation, BLDC Pump Co.,Ltd, Hitachi, TBK Co.,Ltd, VOVYO Technology Co.,Ltd, Aisin, Dongguan Shenpeng Electronics Co., Ltd, Rheinmetall Automotive AG, Bosch, Gates
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Electric Water Pump Market Report Segments:
The global Light Vehicle Electric Water Pump market is segmented on the basis of:
Types
12V, 24V, 48V, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Engine Cooling, Battery Cooling, Turbocharger Cooling, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gates
- GMB Corporation
- BLDC Pump Co.,Ltd
- Hitachi
- TBK Co.,Ltd
- VOVYO Technology Co.,Ltd
- Aisin
- Dongguan Shenpeng Electronics Co., Ltd
- Rheinmetall Automotive AG
- Bosch
- Gates
Highlights of The Light Vehicle Electric Water Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12V
- 24V
- 48V
- Others
- By Application:
- Engine Cooling
- Battery Cooling
- Turbocharger Cooling
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle Electric Water Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A light vehicle electric water pump is a small, portable device that uses electricity to move water. It is typically used to fill up vehicles with fresh water, such as cars, trucks, and boats.
Some of the major companies in the light vehicle electric water pump market are Gates, GMB Corporation, BLDC Pump Co.,Ltd, Hitachi, TBK Co.,Ltd, VOVYO Technology Co.,Ltd, Aisin, Dongguan Shenpeng Electronics Co., Ltd, Rheinmetall Automotive AG, Bosch, Gates.
The light vehicle electric water pump market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Electric Water Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Electric Water Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Electric Water Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Electric Water Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Electric Water Pump Market Size & Forecast, 2020-2028
4.5.1 Light Vehicle Electric Water Pump Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Electric Water Pump Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 12V
5.2.2 24V
5.2.3 48V
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Engine Cooling
6.2.2 Battery Cooling
6.2.3 Turbocharger Cooling
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Electric Water Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Electric Water Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 12V
9.6.2 24V
9.6.3 48V
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Engine Cooling
9.10.2 Battery Cooling
9.10.3 Turbocharger Cooling
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 12V
10.6.2 24V
10.6.3 48V
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Engine Cooling
10.10.2 Battery Cooling
10.10.3 Turbocharger Cooling
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 12V
11.6.2 24V
11.6.3 48V
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Engine Cooling
11.10.2 Battery Cooling
11.10.3 Turbocharger Cooling
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 12V
12.6.2 24V
12.6.3 48V
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Engine Cooling
12.10.2 Battery Cooling
12.10.3 Turbocharger Cooling
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 12V
13.6.2 24V
13.6.3 48V
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Engine Cooling
13.10.2 Battery Cooling
13.10.3 Turbocharger Cooling
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Electric Water Pump Market: Competitive Dashboard
14.2 Global Light Vehicle Electric Water Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gates
14.3.2 GMB Corporation
14.3.3 BLDC Pump Co.,Ltd
14.3.4 Hitachi
14.3.5 TBK Co.,Ltd
14.3.6 VOVYO Technology Co.,Ltd
14.3.7 Aisin
14.3.8 Dongguan Shenpeng Electronics Co., Ltd
14.3.9 Rheinmetall Automotive AG
14.3.10 Bosch
14.3.11 Gates
