DUBLIN--(BUSINESS WIRE)--The "Research Report on China's Automotive Electric Water Pump Industry, 2018-2022" report has been added to ResearchAndMarkets.com's offering.
As new energy vehicles develop rapidly in China, there is a surging demand for new-type parts such as automotive electric water pumps. An increasing number of enterprises are accelerating research and development of and setting up production lines for electric water pumps.
At present, the Chinese market is monopolized by several dominant enterprises and the competition in the electric water pump industry is fierce because of the high technological and capital barriers and the need for long-term cooperation with downstream automakers.
In 2017, the rise in upstream raw material prices pushed up the costs of electric water pumps, and the profit decline of downstream automobile industry crimped the profits of electric water pumps. To win the competition, manufacturers need to keep improving technologies and reducing costs.
The dramatic rise in the production volume of new energy vehicles has opened a broad market for automotive electric water pumps. A traditional fuel vehicle needs only one mechanical water pump while a new energy vehicle needs two to five electric water pumps (about three on average) when using water cooling for precise temperature control over the electric drive, battery and electronic control system. Meanwhile, the unit price of electric water pumps is CNY 300 (60W power) compared with CNY 120 - CNY 150 of traditional ones.
China's production volume of new energy vehicles ranked the first in the world for three consecutive years from 2015 to 2017, and the sales volume exceeded 770,000 in 2017, which fueled the market demand for electric water pumps. The market size of electric water pumps for new energy vehicles will exceed CNY 3 billion on assumption that each new energy vehicle needs three electric water pumps.
On the other hand, as Chinese residents' income increases with fast economic development, the steady growth in high-income households' luxury car consumption increases the market penetration rate of turbocharged engines and further expands the market for electric water pumps.
It is expected that in 2022, the proportions of turbocharged passenger vehicles and turbocharged commercial vehicles will reach 40% and 90% respectively in China, the overall penetration rate of electric water pumps will exceed 20%, and the market size of electric water pumps will exceed CNY 5 billion. Electric water pumps are expected to maintain a fast growth rate in China from 2018 to 2022.
- Development environment of China's automotive electric water pump industry
- Supply and demand in China's automotive electric water pump industry
- Competition in China's automotive electric water pump industry
- Major automotive electric water pump manufacturers in China
- Factors influencing development of China's automotive electric water pump industry
- Prospect of China's automotive electric water pump industry from 2018 to 2022
- Henan Province Xixia Automobile Water Pump Co. Ltd.
- Zhejiang Sanhua Intelligent Controls Co. Ltd.
- Hunan Oil Pump Co. Ltd.
Key Topics Covered
1 Basic Concepts of Automotive Electric Water Pumps
2 Analysis on China's Automotive Electric Water Pump Industry, 2015-2018
3 Market Competition in China's Automotive Electric Water Pump Industry
4 Analysis on Major Automotive Electric Water Pump Manufacturers in China
5 Analysis on Production Costs and Retail Prices of Automotive Electric Water Pumps in China
6 Forecast on Development of China's Automotive Electric Water Pump Industry, 2018-2020
For more information about this report visit https://www.researchandmarkets.com/research/5dntk5/chinas?w=4