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Electric Vehicle Electronic Water Pumps Market Size, Market Segmentation, Market Trends and Growth Analysis Forecast Till 2031

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The "Electric Vehicle Electronic Water Pumps Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Electric Vehicle Electronic Water Pumps market is expected to grow annually by 9.5% (CAGR 2024 - 2031).

This entire report is of 172 pages.

Electric Vehicle Electronic Water Pumps Introduction and its Market Analysis

The Electric Vehicle Electronic Water Pumps market research report analyzes market conditions for Electric Vehicle Electronic Water Pumps, which are essential components in electric vehicles for cooling purposes. The target market for these pumps includes electric vehicle manufacturers looking to improve vehicle efficiency and reduce emissions. Major factors driving revenue growth in this market include increasing adoption of electric vehicles, government regulations promoting eco-friendly transportation, and technological advancements in the automotive industry. Key players in the Electric Vehicle Electronic Water Pumps market include GMB, Bosch, Vitesco Technologies, and MAHLE. The report's findings suggest a promising future for the market, with recommendations for companies to focus on innovation and strategic partnerships to capitalize on growing demand.

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The Electric Vehicle Electronic Water Pumps market is witnessing significant growth with the introduction of 12V and 24V pumps designed specifically for Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV). These pumps are crucial for maintaining the optimal temperature of electric vehicle batteries and ensuring efficient operation.

Regulatory and legal factors play a key role in shaping the market conditions for these electronic water pumps. Regulations around emissions and fuel efficiency standards are driving the adoption of electric vehicles, thereby creating a demand for efficient cooling systems like electronic water pumps. Additionally, government incentives and policies supporting the transition to electric vehicles are further propelling market growth.

Overall, the Electric Vehicle Electronic Water Pumps market is poised for significant expansion as the automotive industry continues to shift towards electrification. With advancements in technology and increasing consumer demand for sustainable transportation solutions, the market for these pumps is expected to grow rapidly in the coming years. Stakeholders in the industry must continue to monitor regulatory developments and adapt their strategies accordingly to capitalize on this growing market opportunity.

Top Featured Companies Dominating the Global Electric Vehicle Electronic Water Pumps Market

The electric vehicle electronic water pumps market is highly competitive with key players such as GMB, Bosch, Vitesco Technologies, Industrias Dolz, MAHLE, DaviesCraig, AISIN, Rheinmetall, AVID Technology, Gates, Dayco, Bühler Motor, Stackpole International (Johnson Electric Group), Concentric e-Pumps (Concentric AB), Sanhua Intelligent Controls, Ruian Ouchao Auto Spare Parts, and VOVYO. These companies offer a range of electric vehicle electronic water pumps to cater to the growing demand for eco-friendly and energy-efficient automotive components.

GMB is known for its innovative pump solutions for electric vehicles, while Bosch is a leading provider of technology and services in the mobility sector. Vitesco Technologies specializes in electrification and is a key player in the electric vehicle electronic water pump market. Other players like MAHLE, AISIN, and AVID Technology also contribute significantly to the growth of the market with their advanced pump technologies.

These companies help to grow the electric vehicle electronic water pump market by constantly innovating and improving their products to meet the evolving needs of electric vehicle manufacturers. They also invest in research and development to ensure their pumps are efficient, reliable, and cost-effective. Through collaborations with automotive companies and strategic partnerships, these players are able to expand their market presence and reach a wider customer base.

In terms of sales revenue, companies like Bosch, MAHLE, and AISIN are known to generate significant revenue from their electric vehicle electronic water pump business. For example, Bosch reported sales of approximately € billion in 2020, while MAHLE's sales revenue was around €9.8 billion in the same year. AISIN also reported strong sales revenue from its automotive components business, including electronic water pumps for electric vehicles. Overall, these companies play a crucial role in driving the growth of the electric vehicle electronic water pump market through their expertise, innovation, and market reach.

  • GMB
  • Bosch
  • Vitesco Technologies
  • Industrias Dolz
  • MAHLE
  • DaviesCraig
  • AISIN
  • Rheinmetall
  • AVID Technology
  • Gates
  • Dayco
  • Bühler Motor
  • Stackpole International (Johnson Electric Group)
  • Concentric e-Pumps (Concentric AB)
  • Sanhua Intelligent Controls
  • Ruian Ouchao Auto Spare Parts
  • VOVYO

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Electric Vehicle Electronic Water Pumps Market Analysis, by Type:

  • 12V Electric Vehicle Electronic Water Pumps
  • 24V Electric Vehicle Electronic Water Pumps

12V and 24V Electric Vehicle Electronic Water Pumps are designed specifically for use in electric vehicles. The 12V pumps are suitable for small to medium-sized vehicles, while the 24V pumps are ideal for larger vehicles such as buses or trucks. These pumps help boost the demand for Electric Vehicle Electronic Water Pumps market by offering efficient cooling for electric vehicle systems, improving overall performance and reliability. They also contribute to the reduction of carbon emissions and promote the transition towards a more sustainable transportation industry. The versatility and effectiveness of these pumps make them a crucial component in the electric vehicle market.

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Electric Vehicle Electronic Water Pumps Market Analysis, by Application:

  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

Electric Vehicle Electronic Water Pumps are essential for cooling the vehicle's battery systems in both BEVs and PHEVs. These pumps circulate coolant through the battery pack to maintain optimal operating temperatures, ensuring efficient performance and longevity. The fastest growing application segment in terms of revenue is BEVs, as the demand for fully electric vehicles continues to rise globally. With the increasing adoption of electric vehicles, the market for electronic water pumps is expected to expand significantly in the coming years to meet the cooling needs of these eco-friendly vehicles.

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Electric Vehicle Electronic Water Pumps Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The electric vehicle electronic water pumps market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is expected to dominate the market with a market share percent valuation of around 40%. Europe and North America are also expected to hold significant shares, with market shares of around 30% and 20% respectively. Latin America and Middle East & Africa are expected to have smaller market shares of around 5% each.

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