Electric water pump market is anticipated to grow at a CAGR of 10.7% during the forecast period (2023-2030). Electric water pump uses a motor to send coolant from the cooling system to the engine internals. The growing adoption of innovative product that cater to the modern consumer including superior quality and high performance electric water pump is the key factor supporting the growth of the market globally. Additionally, the wide product range of technologically superior pumps provide the users optimum benefits including low maintenance costs, higher durability and performance, value for money as well as less energy consumption. Hence, the market players are also focusing on introducing an array of innovative features Electric Water Pump solutions that bolster the market growth. For instance, in May 2023, Crompton Greaves Consumer Electricals Ltd.’s launched its Mini Master Plus Pump, equipped with unique Hy-flo MAX* Technology. The latest flagship comes with an array of innovative features and speeds up the process of pumping water, thereby ensuring faster water tank filling in half the time.
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According to the International Energy Agency (IEA), in March 2023, Heat pump sales increased by more than 11.0% globally in 2022. In Europe, in which the largest markets are France, Germany and Italy, sales grew by around 40.0% year-on-year, reaching almost 3 million units. In the US, sales of air-to-air units grew by 11.0% compared to the year before.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electric Water Pump Market Report Segment
By Product Type
- 12V EWP
- 24V EWP
By Application
- Engine
- Turbocharger
- Battery
By End Users
- Automotive
- Water & Wastewater
- Energy & Power
- Others (Chemical)
Global Electric Water Pump Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric water pump market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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