1412 Electric Water Pumps For Commercial And Off Highway Vehicles Market Segment
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The global electric water pumps for commercial & OHV market was valued at USD 1,095.3 Million in 2019 and is projected to reach USD XXXX.6 Million by 2027, expanding at a CAGR of 6.2% during the forecast period. The market is driven by factors such as rising focus of automakers toward fuel-efficient vehicles, weight reduction of EWP by auto manufacturers, growing pollution levels worldwide, availability of raw materials, and ease of manufacturing EWP. However, technical issues with the EWP and higher cost as compared to mechanical pumps are key restraints of this market. Rising replacement rate of mechanical pump with EWPs and increasing demand for commercial vehicles are boosting the market.read More :
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