 Market Size.webp)
Automotive Electric Water Pump Market size is expected to surpass USD 8 billion by the end of 2033, witnessing around 14% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive electric water pump was USD 3 billion. The growth of the market can primarily be attributed to the growing sale of vehicles worldwide, giving rise to the demand for necessary parts of powertrains. It was found that the global sales of automobiles were more than 68 million units in 2021. The increasing disposable income of many middle-class people with the rising economic growth of countries is estimated to boost the purchasing capacity of people. Also, vehicle purchasing has become necessary for everyone during the post-pandemic. A personal vehicle is most preferred as it allows for an easy traveling experience. The digitalization technology of vehicles, which automates the driving system, is also raising the demand for vehicle sales. The increase in vehicle sales in turn rises the demand for and use of electric water pumps around the world. Additionally, the availability of second-hand vehicles that are in good condition increases the sales of automobiles during the forecast period.
The rising urbanization across the world is projected to drive market growth as per the market analysis during the forecast period. The rising advancements in technology and the development of infrastructure in all private and public organization increases urbanization. Nearly 4.4 billion people live in cities, which is about 56% of the population across the world, as per the estimations of the World Bank Organization in 2022. Additionally, the growing number of industries, educational institutions, and job opportunities drives rural people to migrate to the cities, which rises the urban population. The rising urban population increases the living standards of people, thereby increasing their spending capacity. The increasing literacy rate led to a social transformation with improved housing, water sanitation, health, and transport services. Moreover, the increasing government initiative to improve public services also leads to urbanization.
Growth Drivers
Growing Sales of Electric Vehicles with Rising Fuel Prices Around the World – An electric water pump uses a motor to send coolant from the cooling system to the engine internals in electric cars. The rising sales of electric vehicle are expected to propel the automotive electric water pump market in the forecasted period. For instance, the sales of electric vehicles increased to 6.6 million in the year 2021 across the globe.
Increasing Penetration of Turbochargers to Increase Efficiency of Engines – for instance, the revenue of air turbochargers for internal combustion engines or diesel engines is estimated to amount to more than USD 790 million in Brazil by 2025.
Upsurge in the Production of Medium and Heavy-Duty Trucks with Increasing Transportation – the global production of which reached more than 3 million units by 2021.
Rising Demand for Key Battery Minerals with Rising Electric Vehicles Demand – for instance, the demand for graphite and lithium is projected to amount to about 2 million metric tons by 2028 around the world.
Growing Penetration of Hydrogen-Powered Vehicles with Increasing Greenhouse Gases – As per the estimated data, the use of hydrogen vehicle, as of 2022, was found to be approximately 15,000 units on United States roads.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~14% |
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Base Year Market Size (2022) |
~ USD 3 Billion |
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Forecast Year Market Size (2033) |
~ USD 8 Billion |
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Regional Scope |
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Vehicle Type (Passenger Vehicles, Light Commercial Vehicles)
The global automotive electric water pump market is segmented and analyzed for demand and supply by vehicle type segment into passenger vehicles, light commercial vehicles, heavy-duty trucks, buses, and coaches. Amongst these segments, the passenger vehicles segment is anticipated to garner the largest revenue by the end of 2033, backed by the surge in the sale of passenger vehicles along with demand for fuel-efficient and low-emission vehicles worldwide. For instance, India saw an increase of approximately 14% in passenger vehicle sales in the financial year 2022. The autos, cars, sports vehicles, minivans, motorcycles, bicycles, lightweight trucks, and pickup trucks come under passenger vehicles, which are used for public transport. The passenger vehicle segment is increasing owing to the rising number of cab services. These passenger vehicle services help people traveling out of the city where they do not own any vehicles. The rising traffic in metropolitan cities rises the demand for these vehicles as they help to reach their destination within time without stopping at every station.
Voltage Type (12V, 24V)
The global automotive electric water pump market is also segmented and analyzed for demand and supply by voltage type into 12V and 24V. Out of these, the 12V segment is estimated to share the largest market share owing to the increasing use of pumps in passenger cars. The increasing preference for fuel-efficient vehicles increases the adoption of these voltage-type segments and drives the growth of the market segment. The 12V pump used in passenger cars comes at a lower price, a smaller size, flexible working, less fuel consumption, and a longer shelf life, which increase its popularity in the market. The 12V pump is an electric coolant pump that can also be used in electric vehicle engine cooling systems, hybrid vehicle motor cooling systems, motorcycles, pure electric vehicle battery circulation refrigeration, and preheater.
Our in-depth analysis of the global market includes the following segments:
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By Voltage Type |
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By Application |
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By Propulsion Type |
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By Vehicle Type |
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By Distribution Channel |
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APAC Market Statistics
The Asia Pacific automotive electric water pump market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the presence of a strong vehicle network in the region, growing production of vehicles, as well as the rising awareness amongst automobile manufacturers for fuel-efficient vehicles with advanced auto parts & components. It was found that in 2021, around 32% of global vehicles had been manufactured in China. Heavy-duty truck sales are increasing as a result of increased imports and exports of high-capacity loads. Also, an increasing number of construction sectors employ only heavy-duty drugs to carry debris, raw materials, cement, sand, and rocks. The rising use of trucks in mining, infrastructure development, energy plants, the construction sector, and the shipping industry rises the demand for automotive water pumps. The electric water pump provides a pressurized flow to all parts of the engine, allowing a fast and better cooling effect.
 Market Region.webp)
Schaeffler Group developed high-performance electric motors for commercial vehicles that are over 97 percent efficient.
Gates Corporation launched its next-generation technology for electric water pumps (EWP) used in automotive.
Author Credits: Harshita Srivastava, Saima Khursheed
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