Global Info Research offers a latest published report on Electric Water Pumps Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Electric water pumps are a part of a growing number of newer vehicles where higher efficiency engines are demanded. Aside from providing standard engine cooling, they reduce engine load and can be controlled by sensors to provide the necessary amount of coolant at any time. Some new vehicles even use up to three pumps for various systems, including cabin heating, turbocharger and battery system cooling.
The global Electric Water Pumps production is about 12.9 Million Units in 2018, Europe and North America are the two largest production regions, in 2018, Europe is the largest production region, it occupies about 62%, North America is the second largest production region, it occupies about 22.3% market share; The Electric Water Pumps industry is relative concentrated industry, the largest five manufactures occupy about 89% market share.
The largest consumption regions are Europe and North America, the Europe occupies about 36.2% production market share and the North America occupies about 31.4% market share in 2018; the consumption regions are relative dispersion;
The price of Electric Water Pumps’ price has the down streaming trend and the gross margin also has the similar trend, in 2018, the average price is about 52.5 USD per Unit and the gross margin is about 25.5%;
The Electric Water Pumps’ production is mainly concentrated in the Europe and North America; the developing countries’ consumption mainly depends on import market;
In the future, the technology of Electric Water Pumps will be more and more mature, and the application regions will expand, it will have larger market share in the automotive battery. The future price will have great relationship with the power and frequency. China will be a potential market.
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