This Electric Water Pump Market is Likely to Experience a Tremendous Growth by 2029 research report focuses more on a number of distinctive as well as foremost market sectors.
The global electric water pump market is anticipated to grow at a CAGR of 10.7% during the forecast period (2023-2030). Electric water pumps are used to increase power production, decrease greenhouse gas emissions, improve engine performance and reliability, and other factors driving market growth. Centrifgual Blower
Additionally, electric water pumps are smaller than conventional hydraulic ones and require less upkeep. Many industries, including automobile production, have switched to electric water pumps owing to their cost-effectiveness and other advantages.
Additionally, the adoption of technological advancements has made it possible to create electric water pumps that are more effective. Heat pump water heaters use electricity to move heat from one place to another instead of generating heat directly.
Therefore, they can be two to three times more energy efficient than conventional electric resistance water heaters. According to the International Energy Agency (IEA), in July 2023, heat pumps will still meet only around 10.0% of the global heating need in buildings.
In the Net Zero Emissions by 2050 (NZE) scenario, the global heat pump stock would need to almost triple by 2030 to cover at least 20.0% of global heating needs.
The proprietary mechanical design completely isolates the electronics assembly from potential exposure to coolant fluids, significantly improving pump reliability. For instance, in November 2021, Gates, a provider of application-specific fluid power and power transmission solutions is broadening its presence in hybrid and battery electric vehicle (BEV) applications with the launch of its next-generation technology for electric water pumps (EWP) used in automotive, light commercial and heavy duty vehicles.
Electric water pump for inverter cooling that achieves the highest level of efficiency in the global for contributing to energy management in hybrid vehicles. The newly developed products are an electric water pump for inverter cooling that enables more efficient cooling, and a shift-by-wire that can automatically shift gears.
For instance, in August 2021, Toyota Motor Corp. new aqua equipped with AISIN New Technologies for new products, an electronically controlled brake system, an electric 4WD drive unit and other systems that help to achieve carbon neutrality, eliminate fatalities from traffic accidents, and attain other goals to realize an ideal society have been also adopted.
Cathodic Electro Deposition (CED) coating ensures corrosion resistance, and the dynamically balanced rotating parts provide minimum vibrations, reducing the chances of operational damage. For instance, in November 2022, Kirloskar Brothers Ltd.
launched yet another advanced electric water pump series- 'AQUA KNIGHT'. The pump offers high efficiency and comes with an energy-saving design.
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Electric Water Pump Market Report Segment
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Electric Water Pump Market Report Segment by Region
North America
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