An automotive electric water pump is used to transfer the fluid (coolant) from one place to another. It moves the coolant from the radiator to all the necessary parts in the powertrain. An auto electric water pump is a 12-volt or 24-volt electric coolant pump that uses centrifugal force to pressurize and circulate liquids, such as water and coolant, to help the vehicle's engine and batteries disperse heat. It is a crucial part of the cooling system in vehicles. Automotive electric coolant pumps are primarily used to cool vehicle engines, circulate hot air, regulate heat from hydrogen fuel cells, turbochargers, intake air intercoolers, and power battery thermal management systems. The global  automotive electric water pump market is projected to advance at a significant growth rate during the forecast period, owing to a rise in the adoption of electric vehicles and  hybrid electric vehicles . Furthermore, a rise in the demand for fuel-efficient vehicles along with an increase in purchasing power of consumers is expected to increase the market demand for automotive electric water pumps in the next few years. Stakeholders operating in the automotive electric water pump market are gaining value-grab opportunities in a global market. Moreover, an increase in focus of manufacturers to improve the quality of universal electric water pump automotive is expected to drive the global market during the forecast period.

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Increased Demand for 12V Electric Water Pumps for Passenger Vehicles

12V and 24V  are the key market segments in automotive electric water pump market, based on the voltage type. The 12V electric water pump segment held a major share (~65%) of the automotive electric water pump market in 2021. The segment is estimated to maintain its share and grow at a rate of more than 9.00% during the forecast period. 24V electric water pump has been rapidly adopted across the commercial vehicle segment owing to rise in need for high-performing water pumps for heavy duty vehicles. 12V electric water pumps are capable of managing the heat of passenger vehicles as well as medium duty vehicles powered by batteries or fuel cells.

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Regional Outlook of Global Automotive Electric Water Pump Market

In terms of volume, Asia Pacific held 33% share of the global automotive electric water pump market in 2021, owing to the presence of highly populated countries (China and India) in the region. These need a sustainable transportation infrastructure and availability of smooth transportation facilities, which is achievable with the emergence of electric vehicles. Europe is also a prominent market for automotive electric water pumps, which held around 25% share of the global market in 2021. Passenger vehicles is a leading segment of the automotive electric water pump market in these regions, owing to the presence of key vehicle manufacturers . North America holds a considerable market share for automotive electric water pumps. This is due to the highly advanced technological infrastructure and higher buying capacity of people in the region.

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