Press release
Electric Coolant Pump Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Electric Coolant Pump
What Is the Forecasted Market Growth Rate of the Electric Coolant Pump Industry?
In the past few years, the electric coolant pump market has seen expeditious growth. It is projected to escalate from a market worth $3.06 billion in 2024 to $3.46 billion in 2025, showcasing a compound annual growth rate (CAGR) of 13.0%. Factors contributing to this growth during the historic period include a transition towards electric powertrains, an uptick in automotive manufacturing, heightened emphasis on thermal management, strict emission standards, and a rising demand for fuel-efficient solutions.
How Will the Electric Coolant Pump Market Size Evolve From 2025 to 2029?
There is a prediction for quick expansion for the electric coolant pump market over the coming years, reaching a whopping $5.61 billion by 2029 with a CAGR of 12.9%. The upward trend during the forecast period is primarily due to the emergence of direct liquid cooling systems, increased incorporation in ice vehicles, customizations tailored for particular vehicle applications, integration of renewable energy, and high-performance cooling solutions demand. Key tendencies forecasted for this period are the innovation of compact and lightweight solutions, enhancements in pump effectiveness, amalgamation with intelligent thermal management systems, investments in research and development, along with advancements in the automobile industry.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/electric-coolant-pump-global-market-report
What Are the Main Growth Drivers in the Electric Coolant Pump Market Today?
Anticipated growth in the electric vehicle market is set to propel the electric coolant pump industry's expansion. Electric vehicles, powered by electric motors and recharged batteries, offer a sustainable and eco-friendly alternative to traditional vehicles with combustion engines. There is a rising demand for electric vehicles due to heightened environmental consciousness and stringent emission rules. In electric vehicles, the electric coolant pumps operate by circulating coolant to regulate the temperature of different components, ensuring optimal functioning and durability of crucial systems such as batteries and electric motors. For instance, the International Energy Agency (IEA) reported almost 14 million new electric car registrations worldwide in 2023, bringing the total global count to 40 million, aligning closely with the sales forecast for that year. The number of electric cars sold in 2023 exceeded those in 2022 by 3.5 million, a 35% year-on-year increase. Hence, this increasing electric car demand is fueling the expansion of the electric coolant pump market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16404&type=smp
Which Electric Coolant Pump Market Segment Is Expected to Lead Through 2029?
The electric coolant pump market covered in this report is segmented -
1) By Type: Sealed, Seal less
2) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)
3) By Power Output: Up To 100W, Greater Than100W
4) By Application: Passenger Car Cooling, Cooling Of Accessories, Air Conditioning, Gearbox Cooling, Other Applications
5) By Sales Channel: Original Equipment Manufacturer, After market
Subsegments:
1) By Sealed: Single Seal Electric Coolant Pumps, Double Seal Electric Coolant Pumps
2) By Seal-Less: Magnetic Drive Electric Coolant Pumps, Non-Contact Seal-Less Electric Coolant Pumps
Which Market Trends Are Expected to Dominate Electric Coolant Pump Industry Growth?
Leading firms involved in the electric coolant pump industry are concentrating on broadening their aftermarket offerings to provide more robust and effective solutions, meeting the escalating demand related to vehicle upkeep and enhancements. These aftermarket electric coolant pumps serve as supplemental or upgrade parts, becoming accessible post the initial vehicle purchase. For example, German engineering company Robert Bosch GmbH elevated its aftermarket electric coolant pump range in October 2022. The company's continual addition of new electric coolant pump models to its aftermarket lineup signifies its pledge to maintain its leadership in the progression of automotive technology. Bosch intends to cater to the rising demand in the aftermarket for these components by offering a diverse assortment of electric coolant pumps, thereby enabling garages and service centers with the capacity to service and repair vehicles utilizing the latest cooling system technologies.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16404&type=smp
Which Companies Hold the Largest Market Share in the Electric Coolant Pump Sector?
Major companies operating in the electric coolant pump market are Hyundai Corporation, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Aisin Corporation, Valeo S.A., MAHLE GmbH, BorgWarner Inc., HELLA GmbH & Co. KGaA, Eberspächer Gruppe GmbH & Co. KG, Rheinmetall Automotive AG, Hanon Systems, Johnson Electric, Gates Corporation, Standard Motor Products Inc., TYC Brother Industrial Co. Ltd., Vernet Group, Saleri Silvio S.p.A., Grayson Thermal Systems, Stant Corporation, Rotex Automation Limited, Delphi Technologies, Davies Craig Pty Ltd.
Where Is the Electric Coolant Pump Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the electric coolant pump market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric coolant pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
#Reach Out to Us#
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Coolant Pump Global Market Insights: Growth Drivers, Size & Forecasts to 2029 here
News-ID: 4178984 • Views: …
More Releases from The Business Research Company
Process Audit Services Market Expansion Continues, with Forecast Valuation of $3 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Process Audit Services Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the size of the process audit services market has seen a robust growth. With a compound annual growth rate (CAGR) of 6.6%, the predicted growth proposals that the market escalation from $24.68…
Global Electric Vehicle Plastics Market Worth $7.3 Billion by 2029, Growing at 2 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Electric Vehicle Plastics Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, there has been substantial growth in the size of the electric vehicle plastics market. It is projected to expand from $2.72 billion in 2024 to $3.29 billion in 2025, reflecting a compound…
Online Education Market Expansion Continues, with Forecast Valuation of $184.29 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Online Education Industry Market Size Be by 2025?
In recent times, the online education market size has witnessed significant expansion. This market is projected to rise from $68.07 billion in 2024 to $82.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 21.7%. The…
Executive Coaching Certification Market Expansion Continues, with Forecast Valua …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Executive Coaching Certification Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the executive coaching certification market has witnessed a swift expansion. The size of this market will increase from its estimated worth of $10.39 billion in 2024 to $11.74 billion in 2025,…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
