Global Automotive Electric Water Pump Market Size & Outlook
The automotive electric water pump industry worldwide is expected to reach a projected revenue of US$ 7,966.1 million by 2030. A compound annual growth rate of 13.9% is expected of the worldwide automotive electric water pump industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,208.5
Forecast, 2030 (US$M)
$7,966.1
CAGR, 2024 - 2030
13.9%
Report Coverage
Worldwide
Global automotive electric water pump market, 2018-2030 (US$M)
Global automotive electric water pump market highlights
- The global automotive electric water pump market generated a revenue of USD 3,208.5 million in 2023 and is expected to reach USD 7,966.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.9% by 2030.
- In terms of segment, 12 v accounted for a revenue of USD 3,208.5 million in 2023.
- 12 V is the most lucrative voltage type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,208.5 million |
| Market revenue in 2030 | USD 7,966.1 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | 12 v |
| Fastest growing segment | 12 V |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 12 V |
Other key industry trends
- In terms of revenue, the North America accounted for 19.2% of the global automotive electric water pump market in 2023.
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Automotive Electric Water Pump Market Scope
Automotive electric water pump market segmentation & scope
Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Distribution Channel
OEMs
Aftermarket
Propulsion Type
ICE
Electric
Application
Battery
Engine
Turbocharger
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Norway
Sweden
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Automotive Electric Water Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive electric water pump market size, by regions, 2018-2030 (US$M)
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