Automotive Electric Water Pump Market Size, Share, Growth & Industry Analysis, By Pump Type (12V, 24V), By Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle) and Regional Forecast, 2019-2032

The global automotive electric water pump market size was valued at USD 2410.2 million in 2018 and is projected to reach USD 14829.4 million by 2032, exhibiting a CAGR of 15% during the forecast period. The market is driven by eco-friendly trends, strict emission regulations, and technological advancements. Increasing adoption in electric vehicles and improved fuel efficiency further propel market growth.

An automotive electric water pump is activated by a motor & battery and manages a volume flow as demanded by the engine. Demand-driven cooling, principally in the cold-start period, averts excess fuel use and leads to a corresponding reduction in emissions. Eliminating reliance on mechanical drive results in installation flexibility in packaging components as required inside the engine compartment. Besides providing standard engine cooling, engine load is substantially minimized and can be controlled by sensors to provide the necessary amount of coolant as per requirement.

MARKET TRENDS

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Increased Adoption of Advanced Design Concepts is one of the Key Trend in Electric Water Pump Market

Innovative new technologies have been adopted in the areas of hydraulics and engine & electronics design as part of the development of electronically controlled water circulation pumps. For example, Rheinmetall automotive utilized the canned motor concept to meet the demands for operating reliability and service life. This particular design statically seals the stator from the coolant, which is pumped via the running rotor. Hence, as dynamic sealing elements are not required for this system, which are subject to wearing (mechanical rotating seals), automotive electric water pumps are reliable over a longer life span and minimize wear & tear problems. Hence, such technological advancements are driving the automotive electric water pump market trends and have created a positive outlook for the growth of this market.

MARKET DRIVERS

Need for Emission Reduction & Fuel Efficiency and Elimination of Heat Soak after Shutdown is Expected to Drive the Electric Water Pump Market Over the Forecast Period

Matching the electric water pump output to the actual cooling requirement of the combustion engine can reduce exhaust emissions and fuel consumption. For example, instead of the approximately 2.0 kW rated input for mechanical water pumps, an electric pump with 0.2kW  can be used in passenger cars with up to 200 kW engine rating. Particularly in exhaust emission tests at cold-start temperatures of under -7°C, advances in emission reduction are significant. Furthermore, weight reduction is another key benefit, meeting the requirement of vehicle manufacturers seeking better performance and fuel savings. EWPs typically weigh between 900 grams to 1150 grams compared to MWPs, which measure in the range of 3 to 5 kg. Moreover, an electric water pump can circulate coolant fluid through the engine post-shutdown, which allows control over the engine's thermal mass to prevent overheating of critical components. This factor allows for engines designed to operate at higher temperatures, as heat soak design limits are eliminated.

Availability of Raw Material and Ease of Manufacturing Electric Water Pumps (EWP) is Driving the Market During the Forecast Period.

MWPs must be mounted where the power to drive them is available. The power is typically at the front of the engine, where gear trains or belts can be used to deliver drive power. This can limit the ability to design a pump system and result in reduced heat flow. An EWP can be remotely mounted, allowing coolant flow to be hydraulically optimized while not constraining overall engine installation and cooling system effectiveness. The belt-driven or gear-driven water pumps generate a vast amount of cyclic side loads on the pump bearing, which creates a need for a larger bearing. Electrical pumps provide a drive motor in line with the impeller, eliminating the necessity of larger bearings and in some systems seals, which further reduces friction losses. Furthermore, an EWP is much simpler to manufacture than an MWP as the total number of parts is much less in electrical water pumps.

MARKET RESTRAINT

Less Powerful Compared to  Mechanical Water Pumps and Use of Incorrect Coolants is one of the Factor Restraining the Growth of the Market

 Electric water pumps aren’t typically as powerful as mechanical pumps. Their lower flow rates mean they cannot move as much coolant as quickly as mechanical pumps. The use of general coolant when coolant with particular properties is prescribed can cause the premature failure of EWPs as does the mixing of coolants or using contaminated coolants. These factors are expected to restrain the growth of this market.

SEGMENTATION

By Pump Type Analysis

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12V EWP is Expected to Dominate the Global Market

Based on pump type, the automotive electric water pump market is segmented into  24V EWP and 12V EWP. The 12V EWP segment holds the largest market share owing to the everyday use of these pumps in passenger cars. The original cooling system is inadequate for modern-day traffic and stringent regulations to curb emissions and consumer demands for fuel efficiency, particularly for intra-city driving, have increased the adoption of 12V EWPs. The 24V EWP segment is also expected to show good growth in this market fueled by its use in applications such as battery and traction cooling systems for high performance and heavy-duty electric and hybrid vehicles and improving low-temperature water circulation on heavy-duty diesel engines.

By Vehicle Type Analysis

Standard Use in Electric Vehicles to Aid Dominance of the Segment

In terms of vehicle type, the market is segmented into passenger cars, commercial vehicles, and electric vehicles. The passenger car segment dominated the market in 2018, which has been primarily attributed to the increased production of these vehicles in developing nations and heavy use for daily transportation. Key benefits such as improved air conditioning and Exhaust Gas Recirculation (EGR) cooling are also expected to impact growth in the passenger car segment positively. The electric vehicle segment is anticipated to hold the largest market share at the end of the forecast period. Owing to rising demand for fast charging of high powered batteries, automotive electric water pumps have become standard for the cooling system of electric vehicles OBC (Onboard Charger), battery, and AC/DC converter. These factors are propelling the growth of this segment. The commercial vehicles segment is also anticipated to show good growth in this market as improvements in charge air cooling and development of higher flow rate automotive electric water pumps have fueled adoption in heavy-duty diesel engines.

REGIONAL ANALYSIS

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Asia-Pacific is expected to dominate the automotive electric water pump market share during the forecast period. Increasing demand for passenger cars and rising disposable income are the primary factors contributing to the high growth rate in this region. Europe is expected to hold the second-largest market share. Key European manufacturers have implemented automotive electric water pumps as a standard issue on popular vehicle models. Also, stringent government regulations towards reducing carbon emissions and fuel dependency have led to the highest adoption rate of electric vehicles, where the cooling water system has become a standard accessory. Such factors have led to increased manufacture and sale of the automotive electric water pump in this region. North America is also anticipated to show steady growth in this market owing to skyrocketing fuel prices, greater consumer awareness regarding fuel efficiency measures for vehicles, and early adoption of technological advancements.

KEY INDUSTRY PLAYERS

Schaeffler AG  to Hold  Leading Position in the Market

The Competition landscape of this market depicts Schaeffler AG, Rheinmetall Automotive AG, and DaviesCraig, leading the adoption of innovative concepts in their design process. A diverse portfolio of EWPs for conventional as well as electric vehicles has led to Schaeffler AG leading this market.

However, Schaeffler AG and DaviesCraig, owing to their extensive history in the development of water pumps, have also produced a comprehensive range of cost-effective electric water pumps. Furthermore, key regional players such as BLDC Pump Co., Ltd. have created intense competition in the automotive EWP market, particularly for electric vehicles. These factors are projected to positively impact the global market as these companies are anticipated to gain market share during the forecast period.

LIST OF KEY COMPANIES PROFILED:

• Schaeffler AG


• Continental AG


• Robert Bosch GmbH


• Magna International Inc.


• Rheinmetall Automotive AG


• Gates Corporation


• BLDC Pump Co., Ltd.


• DaviesCraig


• Others

REPORT COVERAGE

The automotive electric water pump market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.

An Infographic Representation of Automotive Electric Water Pump Market

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