Research Nester assesses the growth of global automotive electric water pump market over the forecast period, i.e., 2023-2033, and evaluates its future prospects. Rising demand for turbochargers and growing adoption of hydrogen-powered vehicles to drive market growth.
New York – October 28, 2022 - Research Nester’s recent market research analysis on “Automotive Electric Water Pump Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitor analysis and a detailed overview of the global automotive electric water pump market in terms of market segmentation by voltage type, application, propulsion type, vehicle type, distribution channel, and by region.
Growing Sale of Vehicles to Drive Growth of Global Automotive Electric Water Pump Market
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The global automotive electric water pump market is estimated to grow majorly on account of the increased demand for vehicles. For instance, it was found that global sales of automobiles in 2021 were a little lesser than 70 million units.
The market research report on global automotive electric water pumps encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
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By vehicle type, the global automotive electric water pump market is segmented into passenger vehicles, light commercial vehicles, and heavy-duty trucks, buses, and coaches. The passenger vehicles segment is to garner a highest revenue by the end of 2033 by growing at a CAGR of ~ 14% over the forecast period. Rise in the sale of passenger vehicles.
By region, the Asia Pacific automotive electric water pump market is to generate the highest revenue by the end of 2033. This growth is anticipated by a higher number of vehicles manufactured in the region.
The research is global in nature and covers a detailed analysis of the automotive electric water pump market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, an analysis comprising of global automotive electric water pump market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global automotive electric water pump market which includes company profiling of Gates Corporation, Schaeffler Group, Rheinmetall AG, Robert Bosch GmbH, Hitachi Inc., Behr Hella Service GmbH, Magna International Inc., ZF Friedrichshafen AG, Continental AG, BLDC Pump Co., Ltd., The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global automotive electric water pump market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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