Electric Water Pump Market Introduction and Overview
According to SPER Market Research, the Global Electric Water Pump Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Global Electric Water Pump Market, including market size and trends, product mix, Applications, and supplier analysis. An electric water pump is a device that uses electricity to move water from one location to another. The fluids are forced via a number of electrically or battery-powered valves, impellers, and other components for it to work. Electric water pumps have gained popularity because they are more cost-effective, environmentally friendly, and efficient than traditional non-electric water pumps.
- In 2020, Robert Bosch GmbH unveiled a line of cutting-edge electric water pumps for petrol engines with turbochargers. These pumps perform more effectively and consume less energy than conventional ones, claims the maker.
- 2021: For use in cooling and heating systems for automobiles, trucks, and other commercial and industrial vehicles, Continental AG presented a variety of electric water pumps in 2021. The manufacturer claims that these pumps are efficient, suitable for urban settings, and low-noise.
- 2022: In order to be used in commercial, industrial, and automotive contexts, Johnson Electric plans to release a variety of electric water pumps in 2022. These pumps are designed to operate better and with less energy, claims the manufacturer.
Market Opportunities and Challenges
Due to the increasing need for energy-efficient pumps, there is a need for the market for electric water pumps. Electric water pumps are used to boost power output, lower greenhouse gas emissions, and enhance the dependability and performance of engines. Additionally, electric water pumps are more compact and require less maintenance than traditional hydraulic ones. As a result of their affordability and other benefits, electric water pumps are now widely used in numerous industries, including the manufacturing of automobiles. Additionally, technological advancements that have made it feasible to manufacture more efficient electric water pumps have contributed to the growth of this industry.
However, electric water pumps have a limited market due to factors including the high cost, difficulties, and regular maintenance needed during installation. The cost to buy and install electric water pumps is significantly higher than that of conventional pumps. In order to avoid damage from overheating or other reasons, these products also require frequent maintenance. Another barrier to the market is the dependence of the electric water pump industry on the price and availability of raw materials, which affects their cost of production and selling price. Similar to how the development of hybrid, plug-in hybrid, and fuel-cell vehicles may result in a price decrease for electric water pumps in certain circumstances. This may further impede the market's growth during the anticipated period.
Market Competitive Landscape
The Global Electric Water Pump market is fiercely competitive. The major players in the market include: Bosch Rexroth Corporation, Federal-Mogul Corporation, Flowserve Corporation, Grundfos Group, IHI Corporation, Robert Bosch GmbH, SPX Flow, Inc., Sulzer Ltd., Topeak Automotive Industries Co., Ltd., Xylem Inc., Others. These companies are well-known in the global market for electric water pumps and create products that are energy-efficient and meet customer expectations. They provide creative solutions for reducing energy consumption, reducing pollution, and improving the performance of electric water pumps used in automotive applications. The firms devote a lot of money in research and development to produce contemporary electric water pumps. They also use strategies like product releases and collaborations to stay competitive in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2021 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Bosch Rexroth Corporation, Federal-Mogul Corporation, Flowserve Corporation, Grundfos Group, IHI Corporation, Robert Bosch GmbH, SPX Flow, Inc., Sulzer Ltd., Topeak Automotive Industries Co., Ltd., Xylem Inc., Others
|
COVID-19 Impact on Global Electric Water Pump Market
The COVID-19 epidemic has significantly impacted the market for electric water pumps by disrupting worldwide supply chains and production. The pandemic has reduced demand for electric water pumps, which has a major impact on the automotive industry, one of its primary industries. Consequently, the pandemic has caused a pause in the growth of the electric water pump industry. However, as a result of rising expenditures made by business leaders and governmental organisations in cutting-edge technology like self-driving cars and electric vehicle charging stations, there is an increase in demand for energy-efficient electric water pumps.
Key Target Audience:
- Construction sites
- Domestic water supply
- Emergency Services
- Environmental restoration projects
- Farmers
- Fire departments
- Fisheries and aquaculture
- Fountains and decorative water features
- Lawn irrigation
- Mining operations
- Municipal Water Features
- Public water supply
- Quarry operations
- Recreational and Sports Facilities
- Swimming pools and water parks
- Others
Our in-depth analysis of the Electric Water Pump Market includes the following segments:
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By Type:
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12V EWP
24V EWP
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By Application:
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Battery
Engine
Turbocharger
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Key Topics Covered in the Report:
- Global Electric Water Pump Market Size (FY’2023-FY’2033)
- Overview of Global Electric Water Pump Market
- Segmentation of Global Electric Water Pump Market By Type (12V EWP, 24V EWP)
- Segmentation of Global Electric Water Pump Market By Application (Battery, Engine, Turbocharger, Others)
- Statistical Snap of Global Electric Water Pump Market
- Expansion Analysis of Global Electric Water Pump Market
- Problems and Obstacles in Global Electric Water Pump Market
- Competitive Landscape in the Global Electric Water Pump Market
- Impact of COVID-19 and Demonetization on Global Electric Water Pump Market
- Details on Current Investment in Global Electric Water Pump Market
- Competitive Analysis of Global Electric Water Pump Market
- Prominent Players in the Global Electric Water Pump Market
- SWOT Analysis of Global Electric Water Pump Market
- Global Electric Water Pump Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Electric Water Pump Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Water Pump Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Water Pump Market
7. Global Electric Water Pump Market, By Type (USD Million)
7.1. Global Electric Water Pump Market Value Share and Forecast, By Type, 2023-2033
7.2. 12V EWP
7.3. 24V EWP
8. Global Electric Water Pump Market, By Application (USD Million)
8.1. Global Electric Water Pump Market Value Share and Forecast, By Application, 2023-2033
8.2. Battery
8.3. Engine
8.4. Turbocharger
8.5. Others
9. Global Electric Water Pump Market Forecast, 2019-2033 (USD Million)
9.1. Global Electric Water Pump Market Size and Market Share
10. Global Electric Water Pump Market, By Type, 2019-2033 (USD Million)
10.1. Global Electric Water Pump Market Size and Market Share By Type (2019-2026)
10.2. Global Electric Water Pump Market Size and Market Share By Type (2027-2033)
11. Global Electric Water Pump Market, By Application, 2019-2033 (USD Million)
11.1. Global Electric Water Pump Market Size and Market Share By Application (2019-2026)
11.2. Global Electric Water Pump Market Size and Market Share By Application (2027-2033)
12. Global Electric Water Pump Market, By Region, 2019-2033 (USD Million)
12.1. Global Electric Water Pump Market Size and Market Share By Region (2019-2026)
12.2. Global Electric Water Pump Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Bosch Rexroth Corporation
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Federal-Mogul Corporation
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Flowserve Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Grundfos Group
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. IHI Corporation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Robert Bosch GmbH
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. SPX Flow, Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Sulzer Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Topeak Automotive Industries Co., Ltd.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Xylem Inc.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
