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Electric Water Pumps Market Size to Grow at 8.4% CAGR to Hit USD 1060 Million by 2024

 

Selbyville, DE -- (SBWIRE) -- 06/11/2019 -- Electric water pump is activated by battery and motor only on demand for cooling. The just function minimizes the load on engine. 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.

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Europe and USA are the two largest production regions, in 2017, Europe is the largest production region, it occupies about 60%, North America is the second largest production region, it occupies about 24.6% 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 USA, the Europe occupies about 36.5% market share and the North America occupies about 31.52% market share in 2017; the consumption regions are relative dispersion.

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.

Key components underscored in the Electric Water Pumps market report:

Profit predictions
Market propellers
Ongoing trends
Significant challenges
Consumption growth rate
Competitive profiling
Value growth rate
Competitive ranking analysis
Market concentration rate analysis
Market concentration ratio
Latent market aspirants
Regional classification

Expounding the regional outlook of the Electric Water Pumps market:

Electric Water Pumps Market Bifurcation: USA, Europe, Japan, China, India, South East Asia.

Insights incorporated in the market study have been framed with respect to the industry indicators:

Consumption statistics pertaining to the specified geographies
Market valuation of each region in the industry
Contribution of each territory in the industry with respect to market share
Consumption market share based on regional contribution
Consumption growth rate over the forecast period across geographies
An exhaustive guideline of the Electric Water Pumps market in terms of the product & application landscape:

Product landscape:

Product types: 12V EWP and 24V EWP

Top observations included in the report:

Product wise market share estimates
Expected revenue of each product type
Consumption (based on the growth rate and value) of all product types
Selling price of the product
Application landscape:

Application segmentation: Engine, Turbocharger, Battery and Others

Details highlighted in the report:

Application wise market share apportion
Market valuation estimates of included applications
Consumption market share affecting each application type
Other significant pointers encompassed in the report:

The study unveils the key market propellers that are known for fueling the commercialization landscape of the Electric Water Pumps market.
The report provides an in-depth analysis of these propellers that will persuade the revenue matrix of the Electric Water Pumps market.
The study presents data pertaining to the key challenges deterring market expansion.
The postulated challenges active in the current market setting are anticipated to help new entrants in securing a profitable position in the Electric Water Pumps market.
The report also emphasizes the risks dominating the market space and the abundant growth opportunities presented by the industry.
What does the competitive landscape of the Electric Water Pumps market imply?

Manufacturer base of the industry: Bosch, Aisin, Continental, KSPG and Gates

Competitive overview outlined in the report includes:

Sales area and distribution
Organization profile
Organizational overview
Product pricing methodology
Market valuation of the particular player
Profit margins
Product sales figures
Besides the abovementioned indicators, the Electric Water Pumps market study also provides vital information pertaining to the market concentration ratio, that would possibly aid proactive competitors in defining the business strategy to outcompete other eminent players partaking in the business sphere.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Electric Water Pumps consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Electric Water Pumps market by identifying its various subsegments.

Focuses on the key global Electric Water Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Electric Water Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Electric Water Pumps submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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