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Electric Coolant Pumps Market is expected to reach USD 1087.32 Bn by 2030, as per Maximize Market Research.
Electric Coolant Pumps Market
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Electric Coolant Pumps Market Dynamics
The global electric coolant pump market is driven by innovations and the shift from mechanical to electronic components in the automotive industry. Increased demand for reduced vehicle emissions and the electrification of ICE-powered vehicles boosts the electric coolant pump market. European OEMs, led by VW with a 24% market share, were early adopters, integrating electric coolant pumps in various engines. North American manufacturers like Ford and GM have also adopted these pumps in select models to enhance fuel efficiency. The rise in plug-in electric vehicles and power-dense engines further accelerates market growth.
Electric Coolant Pumps Market Regional Analysis
The Europe electric coolant pump market is set for rapid growth globally, driven by major players like Continental, Schaeffler, and Bosch in Europe. In the Asia Pacific electric coolant pump market, the market is expected to grow fastest, fueled by increasing R&D in electric vehicles and strategic partnerships between OEMs and pump manufacturers like Rheinmetall and Aisin. Audi's expansion in China through its Audi-FAW company in Changchun highlights its commitment to shaping the evolving Chinese automotive industry. The rising demand for electric vehicles is a key factor boosting the market for electric coolant pumps worldwide.
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Electric Coolant Pumps Market Scope
Market Size in 2023 USD 326.07 Bn.
Market Size in 2030 USD 1087.32 Bn.
CAGR 17.01% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Electric Coolant Pumps Market Segmentation
by Type
1. Sealed
2. Seal less
by Vehicle Type
1. Battery Electric Vehicle (BEV)
2. Plug-in Hybrid Electric Vehicle (PHEV)
by Application
1. Engine Cooling & HAVC
2. Battery and Power Electronics Cooling
by Power Output
1. Up to 100W
2. >100W
Electric Coolant Pumps Market Key Players
1. Rheinmetall Automotive AG (Germany)
2. Robert Bosch GmbH (Germany)
3. Audi AG(Germany)
4. Continental AG (Germany)
5. MAHLE GmbH (Germany)
6. Schaeffler (Germany)
7. Buhler Motor GmbH (Germany)
8. Aisin Seiki Co., Ltd (Japan)
9. Avid Technology Limited (UK)
10. Grason Thermal Systems (UK)
11. Concentric AB (Sweden)
12. Industrie Saleri Italo S.p.A. (Italy)
13. Hitachi Automotive Systems Americas, Inc. (US)
14. JTEKT Corporation (Japan)
15. GMB Corporation (Japan)
16. DENSO CORPORATION (Japan)
17. Johnson Electric Holdings Limited (Hong Kong)
18. Hanon Systems (South Korea)
19. VOVYO Technology Co., Ltd. (China)
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-electric-coolant-pumps-market/88684/
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About Maximize Market Research
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