Electric Coolant Pump Industry is Growing US$ 467.46 million in 2022

The electric coolant pump market was valued US$ 467.46 million in 2022, it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.

An electric coolant pump is one of the indispensable parts of the cooling system in an automobile. It is used to maintain the engine temperature, power train cooling, and other accessories, such as battery and power electronics cooling. Electric coolant pumps provide various technical benefits over mechanically driven pumps. They are highly efficient with emissions, less expensive, and compact, among other features. Thus, preference for electric coolant pumps is growing due to technical advantages to mitigate emission, bolstering the electric coolant pump market growth. Additionally, the increase in the production of vehicles and the rise in the demand for eco-friendly vehicles are also propelling the need for electric coolant pumps.

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The report provides the current market size for Electric Coolant Pump, defines trends and presents growth forecasts for nine years from 2019 to 2028. 2020 is considered as the base year, and 2022 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Electric Coolant Pump Market for all the regions globally.

The scope of the Electric Coolant Pump Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Electric Coolant Pump in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Electric Coolant Pump, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

Advantages of Electric Coolant Pumps Over Mechanical Pumps

The electric coolant pump consumes a small amount of energy to perform the cooling function. It takes the 12V output from the car battery and supplies coolant to the engine of the vehicle. Also, there is no energy loss while using the electric coolant pump. The constant electric power results in an uninterruptible supply of coolant to the engine. However, the mechanical pump extracts energy from the crankshaft, which is then transferred to the belt and pulley system and finally to the pump

Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Electric Coolant Pump Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Major key players covered in this Electric Coolant Pump Market report:

AISIN SEIKI Co.Ltd.
Continental AG
Hanon Systems
Hitachi Automotive Systems, LTD
Johnson Electric Holdings Limited
Mahle GmbH
Rheinmetall Automotive AG
Robert Bosch GmbH
GMB CORPORATION
VOVYO Technology Co., Ltd

Electric Coolant Pump Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electric Coolant Pump Market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the Electric Coolant Pump Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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