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China's Automotive Electric Water Pump Industry 2018-2022: Projected to Exceed CNY 5 Billion - ResearchAndMarkets.com

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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.

Topics Covered

  • 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

Companies Featured

  • Henan Province Xixia Automobile Water Pump Co. Ltd.
  • Zhejiang Sanhua Intelligent Controls Co. Ltd.
  • Hunan Oil Pump Co. Ltd.
  • BorgWarner

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

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