Global Electric Coolant Pump Market Overview
According to SPER Market Research, the Global Electric Coolant Pump Market is estimated to reach USD 1.705 billion by 2033 with a CAGR of 16.78%.
An electric coolant pump is a device used in vehicles to help keep the engine cool and prevent it from overheating. It is an important part of the cooling system in a car, especially in electric and hybrid vehicles. A substance known as coolant or antifreeze is circulated throughout the engine by the coolant pump in order to absorb the heat produced during combustion. The heat is then transferred from the engine to the radiator, where it is released. This aids in keeping the engine's temperature at a healthy level, ensuring that it operates effectively and doesn't get too hot. The electric coolant pump can adjust its speed in response to engine temperature and is made to be energy-efficient. This enables it to use the least amount of power possible while still offering the required cooling capacity. Electric and hybrid vehicles can optimise their cooling systems and contribute to greater performance and efficiency across the board by using an electric pump.
Exploring the Growth Drivers of the Global Electric Coolant Pump Industry.
The global electric coolant pump market is driven by factors such as the increasing demand for electric vehicles, the focus on energy efficiency and emission reduction, technological advancements, the expansion of charging infrastructure, and government incentives. These factors collectively contribute to the growth and development of the market, making electric coolant pumps an important component in the automotive industry's shift towards greener and more sustainable transportation solutions.
What challenges does the Global Electric Coolant Pump Market face?
For the market for electric coolant pumps to grow successfully, there are obstacles that must be overcome. Due to advanced technology and materials, one issue is the high cost of electric coolant pumps, which has an impact on the affordability of electric vehicles. Another issue is the lack of consumer knowledge and comprehension of the advantages of the pumps for vehicle efficiency. As the market grows, finding qualified technicians to service these pumps becomes more difficult. To earn the trust of customers, a design must be dependable and long-lasting. Additional challenges include the complex global supply chain and manufacturing capabilities, which are impacted by elements like raw materials and logistics. Streamlining the supply chain is crucial to meeting the growing demand. Overcoming these challenges is essential to unlocking the full potential of electric and hybrid vehicles, promoting efficiency, performance, and environmental sustainability.
In what ways has the COVID-19 pandemic affected Global Electric Coolant Pump Market?
The COVID-19 pandemic had a significant impact on the global electric coolant pump market. Disruption in the supply chain, a decline in automotive production, shifts in consumer priorities, and limitations on installation and maintenance services are among the challenges faced. As the situation improves and the automotive industry rebounds, the market is expected to recover gradually.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By Electric Vehicle Type, By Sealless Type, By Electric Vehicle Use, By ICE Vehicle, By Vehicle Voltage, By Power Output, By Communication Interface
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Aisin Seiki Co. Ltd, Continental AG, MAHLE GmBH, Rheinmetall Automotive AG, Robert Bosch GmBH, Others
|
Key Target Audience:
- Automotive companies
- Manufacturers of electric vehicles (EVs) and hybrid vehicle
- Automotive engineers, designers, technicians
- Aftermarket service providers in Automotive Industry
Global Electric Coolant Pump Market Segmentation:
1. By Application:
- Global Electric Coolant Pump Market Value Share and Forecast, By Application, 2023-2033
- Engine Cooling & HAVC
- Battery ad Power Electronics Cooling
- Gearbox Cooling
2. By Type:
- Global Electric Coolant Pump Market Value Share and Forecast, By Type, 2023-2033
- Sealed
- Sealless
3. By Sealless Type:
- Global Electric Coolant Pump Market Value Share and Forecast, By Sealless Type, 2023-2033
- Electrically Driven/ Canned
- Magnetically Driven
4. By Vehicle Type:
- Global Electric Coolant Pump Market Value Share and Forecast, By Vehicle Type, 2023-2033
- Battery Electric (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Electric Coolant Pump Market Size (FY’2023-FY’2033)
- Overview of Global Electric Coolant Pump Market
- Segmentation of Global Electric Coolant Pump Market By Application (Engine Cooling & HAVC, Battery ad Power Electronics Cooling, Gearbox Cooling)
- Segmentation of Global Electric Coolant Pump Market By Type (Sealed, Sealless)
- Segmentation of Global Electric Coolant Pump Market By Sealless Type (Electrically Driven/ Canned, Magnetically Driven)
- Segmentation of Global Electric Coolant Pump Market By Vehicle Type {Battery Electric (BEV), Plug-in Hybrid Electric Vehicle (PHEV)}
- Segmentation of Global Electric Coolant Pump Market By Electric Vehicle Use (Passenger Car, Commercial Vehicle)
- Segmentation of Global Electric Coolant Pump Market ICE Vehicle (Passenger Car
- Commercial Vehicle)
- Segmentation of Global Electric Coolant Pump Market By Vehicle Voltage (12V, 48V)
- Segmentation of Global Electric Coolant Pump Market By Power Output (Up to 100W, Greater Than 100W)
- Segmentation of Global Electric Coolant Pump Market By Communication Interface (LIN, CAN, PWM)
- Statistical Snap of Global Electric Coolant Pump Market
- Growth Analysis of Global Electric Coolant Pump Market
- Problems and Challenges in Global Electric Coolant Pump Market
- Competitive Landscape in the Global Electric Coolant Pump Market
- Impact of COVID-19 and Demonetization on Global Electric Coolant Pump Market
- Details on Recent Investment in Global Electric Coolant Pump Market
- Competitive Analysis of Global Electric Coolant Pump Market
- Key Players in the Global Electric Coolant Pump Market
- SWOT Analysis of Global Electric Coolant Pump Market
- Global Electric Coolant Pump Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Electric Coolant Pump Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Coolant Pump Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Coolant Pump Market
7. Global Electric Coolant Pump Market, By Application (USD Million)
7.1. Global Electric Coolant Pump Market Value Share and Forecast, By Application, 2023-2033
7.2. Engine Cooling & HAVC
7.3. Battery ad Power Electronics Cooling
7.4. Gearbox Cooling
8. Global Electric Coolant Pump Market, By Type (USD Million)
8.1. Global Electric Coolant Pump Market Value Share and Forecast, By Type, 2023-2033
8.2. Sealed
8.3. Sealless
9. Global Electric Coolant Pump Market, By Sealless Type (USD Million)
9.1. Global Electric Coolant Pump Market Value Share and Forecast, By Sealless Type, 2023-2033
9.2. Electrically Driven/ Canned
9.3. Magnetically Driven
10. Global Electric Coolant Pump Market, By Vehicle Type (USD Million)
10.1. Global Electric Coolant Pump Market Value Share and Forecast, By Vehicle Type, 2023-2033
10.2. Battery Electric (BEV)
10.3. Plug-in Hybrid Electric Vehicle (PHEV)
11. Global Electric Coolant Pump Market, By Electric Vehicle Use (USD Million)
11.1. Global Electric Coolant Pump Market Value Share and Forecast, By Electric Vehicle Use, 2023-2033
11.2. Passenger Car
11.3. Commercial Vehicle
12. Global Electric Coolant Pump Market, By ICE Vehicle (USD Million)
12.1. Global Electric Coolant Pump Market Value Share and Forecast, By ICE Vehicle, 2023-2033
12.2. Passenger Car
12.3. Commercial Vehicle
13. Global Electric Coolant Pump Market, By Vehicle Voltage (USD Million)
13.1. Global Electric Coolant Pump Market Value Share and Forecast, By Vehicle Voltage, 2023-2033
13.2. 12V
13.3. 48V
14. Global Electric Coolant Pump Market, By Power Output (USD Million)
14.1. Global Electric Coolant Pump Market Value Share and Forecast, By Power Output, 2023-2033
14.2. Up to 100W
14.3. Greater Than 100W
15. Global Electric Coolant Pump Market, By Communication Interface (USD Million)
15.1. Global Electric Coolant Pump Market Value Share and Forecast, By Communication Interface, 2023-2033
15.2. LIN
15.3. CAN
15.4. PWM
16. Global Electric Coolant Pump Market Forecast, 2019-2033 (USD Million)
16.1. Global Electric Coolant Pump Market Size and Market Share
17. Global Electric Coolant Pump Market, By Application, 2019-2033 (USD Million)
17.1. Global Electric Coolant Pump Market Size and Market Share By Application (2019-2026)
17.2. Global Electric Coolant Pump Market Size and Market Share By Application Method (2027-2033)
18. Global Electric Coolant Pump Market, By Type, 2019-2033 (USD Million)
18.1. Global Electric Coolant Pump Market Size and Market Share By Type (2019-2026)
18.2. Global Electric Coolant Pump Market Size and Market Share By Type (2027-2033)
19. Global Electric Coolant Pump Market, By Sealless Type, 2019-2033 (USD Million)
19.1. Global Electric Coolant Pump Market Size and Market Share By Sealless Type (2019-2026)
19.2. Global Electric Coolant Pump Market Size and Market Share By Sealless Type (2027-2033)
20. Global Electric Coolant Pump Market, By Vehicle Type, 2019-2033 (USD Million)
20.1. Global Electric Coolant Pump Market Size and Market Share By Vehicle Type (2019-2026)
20.2. Global Electric Coolant Pump Market Size and Market Share By Vehicle Type (2027-2033)
21. Global Electric Coolant Pump Market, By Electric Vehicle Use, 2019-2033 (USD Million)
21.1. Global Electric Coolant Pump Market Size and Market Share By Electric Vehicle Use (2019-2026)
21.2. Global Electric Coolant Pump Market Size and Market Share By Electric Vehicle Use (2027-2033)
22. Global Electric Coolant Pump Market, By ICE Vehicle, 2019-2033 (USD Million)
22.1. Global Electric Coolant Pump Market Size and Market Share By ICE Vehicle (2019-2026)
22.2. Global Electric Coolant Pump Market Size and Market Share By ICE Vehicle (2027-2033)
23. Global Electric Coolant Pump Market, By Vehicle Voltage, 2019-2033 (USD Million)
23.1. Global Electric Coolant Pump Market Size and Market Share By Vehicle Voltage (2019-2026)
23.2. Global Electric Coolant Pump Market Size and Market Share By Vehicle Voltage (2027-2033)
24. Global Electric Coolant Pump Market, By Power Output, 2019-2033 (USD Million)
24.1. Global Electric Coolant Pump Market Size and Market Share By Power Output (2019-2026)
24.2. Global Electric Coolant Pump Market Size and Market Share By Power Output (2027-2033)
25. Global Electric Coolant Pump Market, By Communication Interface, 2019-2033 (USD Million)
25.1. Global Electric Coolant Pump Market Size and Market Share By Communication Interface (2019-2026)
25.2. Global Electric Coolant Pump Market Size and Market Share By Communication Interface (2027-2033)
26. Global Electric Coolant Pump Market, By Region, 2019-2033 (USD Million)
26.1. Global Electric Coolant Pump Market Size and Market Share By Region (2019-2026)
26.2. Global Electric Coolant Pump Market Size and Market Share By Region (2027-2033)
26.3. Asia-Pacific
26.3.1. Australia
26.3.2. China
26.3.3. India
26.3.4. Japan
26.3.5. South Korea
26.3.6. Rest of Asia-Pacific
26.4. Europe
26.4.1. France
26.4.2. Germany
26.4.3. Italy
26.4.4. Spain
26.4.5. United Kingdom
26.4.6. Rest of Europe
26.5. Middle East and Africa
26.5.1. Kingdom of Saudi Arabia
26.5.2. United Arab Emirates
26.5.3. Rest of Middle East & Africa
26.6. North America
26.6.1. Canada
26.6.2. Mexico
26.6.3. United States
26.7. Latin America
26.7.1. Argentina
26.7.2. Brazil
26.7.3. Rest of Latin America
27. Company Profile
27.1. Aisin Seiki Co. Ltd
27.1.1. Company details
27.1.2. Financial outlook
27.1.3. Product summary
27.1.4. Recent developments
27.2. Continental AG
27.2.1. Company details
27.2.2. Financial outlook
27.2.3. Product summary
27.2.4. Recent developments
27.3. MAHLE GmBH
27.3.1. Company details
27.3.2. Financial outlook
27.3.3. Product summary
27.3.4. Recent developments
27.4. Rheinmetall Automotive AG
27.4.1. Company details
27.4.2. Financial outlook
27.4.3. Product summary
27.4.4. Recent developments
27.5. Robert Bosch GmBH
27.5.1. Company details
27.5.2. Financial outlook
27.5.3. Product summary
27.5.4. Recent developments
27.6. Others
28. List of Abbreviations
29. Reference Links
30. Conclusion
31. Research Scope