New York, July 20, 2023 (GLOBE NEWSWIRE) — The global automotive electric water pump market size is slated to expand at ~14% CAGR between 2023 and 2033. The market is poised to garner a revenue of USD 8 billion by the end of 2033, up from a revenue of ~USD 3 billion in the year 2022.The growing demand for vehicles globally along with the increased need for high heat resistance products that can ensure vehicle safety and curtail vehicular breakdown are anticipated to escalate the growth of the market in the estimated time period.Automotive Electric Water Pump Segmentation by Vehicle Type
(GlobeNewsWire)