Automotive Electric Water Pump Market

Market Overview:

The global automotive electric water pump market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.92% during 2024-2032. The rising production and sales of high-performance vehicles, the increasing electrification of various automotive systems, and the introduction of stringent government regulations related to fuel economy are some of the major factors propelling the market.

An automotive electric water pump is a type of water pump used in a vehicle's cooling system. It is powered by electricity, unlike its traditional counterparts, which are driven by the mechanical power of the engine itself. Regardless of its power source, the main function of the water pump is to circulate coolant through the engine to maintain optimal operating temperature. It is driven by the vehicle's electrical system, and its speed can be controlled independently of engine speed, facilitating more accurate control of engine cooling to improve fuel efficiency and performance and reduce emissions. As a result, these pumps find extensive applications in modern vehicles, especially in hybrid and electric vehicles (EVs), where energy efficiency is a key concern.

The rising production and sales of high-performance vehicles, coupled with the increasing electrification of various automotive systems, will stimulate the growth of the market during the forecast period. Since it is not directly connected to the engine, the pump can continue to operate and cool the engine even when the engine is not running, or the vehicle has been turned off, making them beneficial in preventing engine overheating, particularly in high-performance vehicles or in hot climates. In addition, the surging popularity of hybrid and electric vehicles owing to the elevating environmental concerns among the masses is fueling the expansion of the market. Moreover, the emerging trend of downsizing vehicle engines, various technological innovations by automakers, and stringent government regulations are other major factors contributing to the growth of the market.

Automotive Electric Water Pump Market Trends/Drivers:

Rise in the electrification of vehicle components

The increase in the trend toward electrification of various vehicle systems is supporting the product demand. As the automotive industry continues to innovate, there has been a significant shift from mechanical to electrical systems for improved control, efficiency, and flexibility. Apart from this, a rise in the production of vehicles leads to a higher demand for automotive components. Also, the escalating demand for automobiles equipped with these components owing to the surging consumer awareness about the benefits of electric water pumps, including enhanced fuel efficiency and engine performance, is contributing to the growth of the market.

A surge in technological advancements by key players

With modern technologies, there has been a large-scale integration of electric water pumps with advanced technologies such as start-stop systems, thermal management systems, and electric superchargers, which can improve overall vehicle efficiency and performance, making these pumps highly appealing to automakers. Various key players are developing and adopting smart electric water pumps that can adjust their performance based on the real-time cooling needs of the engine, leading to enhanced efficiency and performance. This, coupled with the launch of compact and lightweight electric water pumps owing to the rising trend of engine downsizing and the shifting focus toward weight reduction for improved fuel efficiency, is propelling the market growth.

Increase in demand for high-performance and luxury vehicles

Most modern and high-end vehicles are usually integrated with more powerful, advanced engines that generate more heat. The precise control provided by electric water pumps is beneficial for such vehicles, as they ensure optimal engine temperatures even under high load conditions. This can further enhance performance and prolong engine life. As a result, the escalating demand for high-performance and luxury vehicles due to inflating consumer purchasing power, elevating living standards, and rapid urbanization is anticipated to drive the expansion of the market. Moreover, the expanding aftermarket sector has generated the need for the replacement of traditional mechanical water pumps in the existing vehicle fleet owing to wear and tear and the growing desire for performance upgrades, which is fueling the growth of the market.

Automotive Electric Water Pump Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global automotive electric water pump market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on vehicle type, pump type, application, and sales channel.

Breakup by Vehicle Type:

• Passenger Car
• Commercial Vehicle
• Electric Vehicle
   

Passenger cars dominate the market, accounting for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger car, commercial vehicle, and electric vehicle. According to the report, passenger car represented the largest segment.

Passenger cars are multi-track vehicles used for passenger or public road transportation. These vehicles represent the largest segment of the automotive market in terms of production volume. As a result, the demand for components, such as electric water pumps, is higher for passenger cars compared to other types of vehicles. Furthermore, the growing trend of vehicle electrification is accelerating the adoption of electric and hybrid passenger cars, which is driving the expansion of this segment. Besides this, there is a surge in consumer demand for fuel-efficient, reliable, and environmentally friendly vehicles. Since these pumps contribute to these factors, making them an attractive feature in passenger cars, evolving consumer preferences are fueling the segment growth.

Breakup by Pump Type:

• 12V
• 24V
   

12V are the most popular type

A detailed breakup and analysis of the market based on the pump type has also been provided in the report. This includes 12V and 24V. According to the report, 12 V accounted for the largest market share.

In most conventional vehicles, the automotive electrical system, ranging from the lighting to its control systems, operates at 12 volts. Therefore, 12V water pumps can be easily integrated into existing electrical systems without requiring additional converters or complicated wiring setups. Due to their broad compatibility, 12V systems are widely used across a vast range of vehicles, including passenger cars, light commercial vehicles, and certain types of heavy-duty vehicles. The cost-effectiveness, readily available parts, and ease of replacement offered by 12V pumps are fueling the growth of this segment. Since these electric water pumps can be a convenient drop-in replacement for traditional engine-driven water pumps, they can simplify the process of switching to an electric pump, especially in the aftermarket. Along with this, the expanding aftermarket vehicle fleet is also catalyzing the growth of the 12V segment.

Breakup by Application:

• Engine
• Turbocharger
• Battery
• Others
   

Turbocharger represent the largest application segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes engine, turbocharger, battery, and others. According to the report, turbocharger represented the largest segment.

A turbocharger is a device used to enhance the power output of an engine by forcing extra air into the combustion chamber, generating a lot of heat in the process. These pumps are employed in turbocharger systems to improve cooling and performance. The widespread use of turbochargers in modern vehicles to increase power output while maintaining fuel efficiency is strengthening the demand for effective cooling systems, such as electric water pumps. Since electric water pumps continue to circulate coolant and dissipate heat from the turbocharger even when the engine is turned off, especially after high-load driving, they are widely deployed to enhance the performance and longevity of turbochargers. In addition, the precise control over coolant flow offered by electric water pumps compared to conventional, engine-driven water pumps is propelling the growth of this segment.

Breakup by Sales Channel:

• OEMs
• Aftermarket
   

OEMs hold the largest share in the market

A detailed breakup and analysis of the market based on the sales channel has also been provided in the report. This includes OEMs and aftermarket. According to the report, OEMs accounted for the largest market share.

Original equipment manufacturers (OEMs) refer to the original producer of a vehicle's components. They represent the first and primary sales channel for these pumps. The main factors that are driving the growth of this segment are the rising production of hybrid and electric vehicles (EVs) and the surging need for regulatory compliance. The implementation of stricter emission standards and regulations related to fuel economy by governments of numerous countries has encouraged automakers to incorporate electric water pumps in their designs to improve overall vehicle efficiency. This, coupled with the rise in the trend of engine downsizing, is fueling the demand for electric water pumps to provide more efficient and precise cooling as smaller engines often produce more heat, thereby augmenting the growth of the OEMs segment.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific exhibits a clear dominance, accounting for the largest automotive electric water pump market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Asia Pacific held the biggest market share since the region is witnessing significant economic growth and comprises nations with high vehicle production volumes, such as China, Japan, and India. China has been driving market growth as there is a strong push towards vehicle electrification in the country, which is the largest market for electric vehicles globally.

Another contributing aspect is the imposition of stringent emissions standards and regulations by the governments of numerous countries in the region. Furthermore, the escalating sales of passenger cars as well as high-performance and luxury vehicles owing to the expanding middle-class population with high disposable incomes, rapid urbanization, and elevating living standards is anticipated to impel the growth of the market in the Asia Pacific region.

Competitive Landscape:

The global market is experiencing steady growth as key players are actively taking initiatives to strengthen their position in the industry. They are focusing on product innovations and improving aspects, such as pump design, energy efficiency, durability, and compatibility with different vehicle types. The market is witnessing a significant increase in research and development (R&D) activities as well as investments by leading manufacturers resulting in better technology, enhanced design, and manufacturing of high-quality products at lower costs. Various players are investing in expanding their production capacity to meet the growing product demand and launching new product variants with improved performance, features, or value. We expect the market to witness new entrants, consolidation of product portfolios, and a rise in strategic collaborations with automakers to drive healthy competition within the domain.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Aisin Corporation
• Behr Hella Service GmbH (Mahle Group)
• BLDC Pump Co Ltd.
• Continental AG
• Davies Craig Pty Ltd.
• Gates Corporation
• Hitachi Astemo Americas, Inc
• Johnson Electric Ltd.
• Rheinmetall Automotive AG
• Robert Bosch GmbH
• Schaeffler AG
• Valeo SA

Recent Developments:

• In November 2021, Gates Corporation, a US-based manufacturer of application-specific fluid power and power transmission solutions, launched the ThermalPro electric water pumps for electric vehicle (EV) applications. The unique feature of this next-generation technology is its sophisticated design, which enables it to handle a wide range of applications from 100 W to 3 kW (4.0 hp).
• In September 2021, Rheinmetall Automotive AG won an important order for CWA400 electric coolant pumps from an international automaker. The delivery of the pumps, which are earmarked for installation in luxury hybrid vehicles with 2.5-liter four-cylinder engines, has to be completed by 2024.
• In October 2022, Robert Bosch GmbH, a leading supplier of electric coolant pumps, announced that it is extending its portfolio of electric coolant pumps for the aftermarket. These pumps effectively support thermal management in automobiles, including hybrid and electric vehicles. As of 2022, the company’s electric pump range for workshop customers had 50 article numbers, comprising 14 variants for hybrid and electric vehicles.

Automotive Electric Water Pump Market Report Scope:

Key Questions Answered in This Report:

• How has the global automotive electric water pump market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global automotive electric water pump market?
• What is the impact of each driver, restraint, and opportunity on the global automotive electric water pump market?
• What are the key regional markets?
• Which countries represent the most attractive automotive electric water pump market?
• What is the breakup of the market based on the vehicle type?
• Which is the most attractive vehicle type in the automotive electric water pump market?
• What is the breakup of the market based on the pump type?
• Which is the most attractive pump type in the automotive electric water pump market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the automotive electric water pump market?
• What is the breakup of the market based on the sales channel?
• Which is the most attractive sales channel in the automotive electric water pump market?
• What is the competitive structure of the global automotive electric water pump market?
• Who are the key players/companies in the global automotive electric water pump market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive electric water pump market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global automotive electric water pump market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive electric water pump industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.