Industry Analysis-Market Size
The rapid development of the new energy vehicle market makes the market space of the new energy vehicle electronic water pump increase year by year, compared with the traditional fuel vehicle only needs to be equipped with a mechanical water pump, the new energy vehicle due to the need for accurate temperature control of the three electric systems, in the case of the use of water cooling, each car needs 2-5 electronic water pumps (about 3 on average). At the same time, in terms of unit price, the electronic water pump can be increased from about 100-150 yuan to 200-300 yuan from the traditional water pump
According to the survey data, the market size of China's new energy vehicle electronic water pump in 2020 will be 1.02 billion yuan, and in the next few years, the market size will show an adjusted growth trend, and it is expected that by 2025, the new energy vehicle electronic water pump will reach 2.17 billion yuan. The future of the electronic water pump market is huge. It is assumed that China's goal of 20 million new energy vehicles by 2025 will be achieved, with an annual production and sales volume of about 5.5 million. With at least 2 electronic water pumps per car and a rough estimate of about 200 yuan for a single electric pump, by 2025, the theoretical value of China's electronic water pump consumption will be 11 million, and the market size will be close to 2.2 billion yuan. If the demand for thermal management is higher, the market size may further increase if the amount of electronic water pump for bicycles increases, the value of a single water pump increases, the product structure changes, and the proportion of high-power water pumps increases.
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