Automotive Electric Water Pump Market Analysis

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 2037, 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: