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The global New Energy Vehicle Electronic Water Pump market size is projected to reach USD 4.09 billion by 2029

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Perlyan Guo
The global New Energy Vehicle Electronic Water Pump market size is projected to reach USD 4.09 billion by 2029

New Energy Vehicle Electronic Water Pump Content Definition


Water pumps are mainly used in the main cooling system, turbocharger cooling circuit and intake intercooling system of internal combustion engines. They are also used in the drive system and power battery thermal management system of new energy vehicles. The water pump in electric vehicles is generally an electronic water pump (also known as an "electric water pump"). Electronic water pumps are mainly used for circulating cooling of drive motors, electric components, power batteries, etc.


Compared with traditional mechanical water pumps, automotive electronic water pumps eliminate the structural coupling and parameter decoupling between the pump and the engine, and can accurately match the vehicle


Operating status, optimizing engine installation space, extending engine service life, energy conservation and environmental protection are currently one of the main development directions of the power components of the internal combustion engine cooling cycle system.


The working principle of electronic water pumps is significantly different from mechanical pumps. There are currently two structures of electronic water pumps. One is the same as a mechanical water pump, except that it is directly driven by a click instead of rotating through an engine pulley. Its structure is to replace the mechanical water pump and pulley with a motor. Another type of bearing uses rubber to replace the pump shaft, which expands the gap between the stator and the rotor of the water pump motor, allowing the coolant to flow directly around the rotor, which can lubricate the pump shaft and cool the water pump motor. This type of water pump has a complex design and high process costs. , mainly used in electric water pumps driven by low-voltage DC motors.


New Energy Vehicle Electronic Water Pump Content Picture


 New Energy Vehicle Electronic Water Pump


New Energy Vehicle Electronic Water Pump Market Summary


According to the new market research report “Global New Energy Vehicle Electronic Water Pump Market Report 2023-2029”, published by GIResearch, the global New Energy Vehicle Electronic Water Pump market size is projected to reach USD 4.09 billion by 2029, at a CAGR of 17.9% during the forecast period.



  • Global New Energy Vehicle Electronic Water Pump MarketSize(US$ Million), 2018-2029


 New Energy Vehicle Electronic Water Pump Market Size


Source: GlobalInfoResearch, “Global New Energy Vehicle Electronic Water Pump Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.


Market Drivers:


The New Energy Vehicle (NEV) electronic water pump market is driven by several key factors contributing to the growth and adoption of electronic water pump technologies in electric vehicles. Firstly, the increasing global emphasis on sustainable and environmentally friendly transportation solutions is a significant driver. As governments and consumers worldwide prioritize the transition to electric vehicles (EVs) to reduce emissions, the demand for efficient and technologically advanced components, such as electronic water pumps, rises.


Additionally, the growing awareness of energy efficiency and the need to optimize the overall performance of electric vehicles contribute to the market's expansion. Electronic water pumps are designed to enhance energy efficiency, reduce power consumption, and improve thermal management in NEVs, aligning with the industry's goals.


Moreover, the continuous advancements in electronic water pump technology, including smart and connected features, further propel the market as manufacturers seek to integrate cutting-edge solutions into electric vehicles to enhance their performance and reliability.


Restraint:


One potential restraint in the new energy vehicle electronic water pump market could be the challenges associated with the high initial costs of implementing advanced electronic water pump technologies in electric vehicles (EVs). While electronic water pumps offer benefits such as improved energy efficiency and thermal management in EVs, the upfront costs associated with integrating these technologies into the vehicle systems may pose a barrier to widespread adoption.


Automakers and consumers may be hesitant to invest in electric vehicles with higher upfront costs, especially in markets where cost considerations play a significant role in purchasing decisions. Addressing these cost challenges and demonstrating the long-term benefits of electronic water pumps in terms of energy efficiency and vehicle performance will be crucial for overcoming this potential restraint in the market.


Opportunity:


As NEVs, including electric vehicles (EVs) and hybrid vehicles, gain popularity due to environmental concerns and regulatory trends, the demand for advanced components like electronic water pumps is expected to grow.


Electronic water pumps play a crucial role in managing the thermal conditions of electric drivetrains and batteries, contributing to the overall efficiency and performance of NEVs. Opportunities arise for companies involved in the development and manufacturing of electronic water pumps to innovate and create energy-efficient, durable, and smart pump solutions.


Additionally, as the NEV market expands, collaborations with automakers, research institutions, and government initiatives focused on sustainable transportation can open doors for technological advancements and market penetration. Developing pumps that contribute to the thermal management of NEVs efficiently and aligning with the evolving standards and requirements in the electric vehicle sector can position companies for success in this growing market.



  • Global New Energy Vehicle Electronic Water Pump Top14Players Ranking and Market Share(Continually updated)


 New Energy Vehicle Electronic Water Pump Top 14 Players Ranking and Market Share


Source: GlobalInfoResearch, “Global New Energy Vehicle Electronic Water Pump Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.


According to GIResearch Top Players Research Center, the global key manufacturers of New Energy Vehicle Electronic Water Pump include Bosch, Continental, Valeo, Hanon Systems, GMB, Aisin, Rheinmetall Automotive, MAHLE, Gates, Sanhua Automotive Components, etc. In 2022, the global top 10 players had a share approximately 66.0% in terms of revenue.


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GlobaI Info Research Co.,Ltd


Website: https://www.globalinforesearch.com


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