The water pump industry has witnessed a growing significance of electric water pumps in maintaining efficient cooling system operations, not only in combustion engines but also in hybrid and electric vehicles. These technologically advanced pumps are powered by a motor and a battery, enabling precise control over the volume flow required by the engine.
In addition to their efficient performance, electric water pumps consume approximately 90% less energy compared to mechanically operated counterparts. This surge in demand for electric water pumps has not only contributed to enhanced vehicle efficiency but has also played a vital role in reducing emissions, thereby fostering a safer and more environmentally friendly environment.
A new era for modern vehicle engines
As opposed to electric auxiliary water pumps, which have been market for decades, electric water pumps, acting in the main cooling system, only became available in the automotive market recently.
The rising popularity of EVs has boosted the demand this type of water pumps, with leading vehicle brands such as BMW, Toyota of Ford incorporating them into their vehicles.
The versatility of the electric water pumps makes them not only suitable for electric vehicles, but also for modern combustion engines. Their multiple advantages in comparison to traditional water pumps makes them a key choice for the leading players in the market.
Where does the automotive electric water pump market stand?
As stated by Fortune Business Insights in its 2010 report, the global automotive electric water pump market is growing, and will continue to, at a compound annual growth rate of 14% in the forecasting period of 2018-2026.
The global electric water pumps market can be divided into two different segments:
- Passenger car segment: electric, hybrid and fuel cars.
- Commercial vehicle segment: vans, trucks and tractors.
The passenger vehicle segment has been the strongest in terms of electric water pumps, and it is likely to hold a significant share of the market for at least the next ten years. The rise in demand for private and utility vehicles has come along with the preference for more efficient and durable cars.
Attractive opportunities are posed on the electric water pumps industry as the buying power of consumers is increasing. Consumers are now able to access and easily understand information and features regarding their buying options. The will to spend wisely has positively impacted the preference for cost-effective, environmentally friendly, and low toxic products. Whereas branding and aesthetics were powerful demand drivers in the early 2000’s, the market trend is boosting on quality and practicality.
Although the recent effects of the COVID-19 crisis led the global material supplier industry to suffering serious disruptions, such as supply chain breaks and office shutdowns, the supply side of the electric water pumps market is predicted to recover its normal functioning this year, with an increasing reliance on the automotive aftermarket industry.
Keys on the evolution of the electric water pump market
Innovative modern technologies
New technologies have been adopted globally in vehicles design. This has urged the need for vehicle manufacturers to implement technology in their production processes in order to ensure operating reliability and service life of vehicles.
Automotive water pumps play an essential role in this sense, as they are reliable over a longer life span, while minimizing wear & tear hazards. New technologies are therefore promoting a positive outlook for the further growth of this market.
Increase in demand for fuel-efficiency
Emission reduction and fuel efficiency are no more a trend, but rather a need. Consciousness regarding the environment, together with government requirements and regulations are expected to drive the electric pump market.
Electric water pumps power system dramatically decreases load and stress levels in the engine, thus highly increasing results and durability. Furthermore, matching its output to actual cooling requirements of the combustion engine can reduce exhaust emissions and fuel consumption significantly.
Forecast of market trends in the upcoming years
Industry experts expect that the market will continue growing in the long-term. According to recent reports, such as the Global Electric Water Pumps Market report by Market Watch, the market is expected to stabilize at a 10.3% CAGR in the forecasted period 2021-2027.
Major companies in the global automotive electric water pumps market are increasingly focusing on research and development activities to create new and innovative products that secure them staying ahead of the competition.
Only this way will companies be able to make a difference and fight against real-life concerns such as ambient air pollution. Fuel efficiency must therefore live at the heart of vehicle manufacturing, and the only way through is by using electric water pumps.
Know more about Dolz’s electric water pumps
DOLZ is in charge of producing and distributing automotive water pumps for passenger and commercial vehicles in the aftermarket. With more than 5,5 million pumps being produced per year, we are proud to count with more than 1.300 references.
Our electric water pumps highly reduce emissions from modern engine. Their supply flow is independent from the number of engine revolutions, allowing cooling as required and reducing fuel consumption and pollution.
Dolz’s electric water pumps meet the highest possible standards, as they are OE equivalent. At our fully automated plants we work to ensure premium quality, extreme durability and a completely personalized service.
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