Electric Coolant Pump Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Coolant Pump Trends and Forecast

The future of the global electric coolant pump market looks promising with opportunities in the engine cooling, battery cooling, and turbocharger cooling applications. The global electric coolant pump market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are growing demand for improved fuel economy and reduced emissions and increasing demand for hybrid and electric vehicles.

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Electric Coolant Pump by Segment

The study includes a forecast for the global electric coolant pump by type, vehicle type, propulsion type, application, and region.

Electric Coolant Pump Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Full-Size
• Mid-Size
• Compact-Size
• Mini-Size
• Others

Electric Coolant Pump Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
• Others

Electric Coolant Pump Market by Propulsion Type [Shipment Analysis by Value from 2018 to 2030]:

• BEVs (Battery Electric Vehicles )
• PHEVs (Plug-in Hybrid Electric Vehicles)
• HEVs (Hybrid Electric Vehicles)
• ICE (Internal Combustion Engine) Vehicles
• FCEVs (Fuel Cell Electric Vehicle)

Electric Coolant Pump Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Engine Cooling
• Battery Cooling
• Turbocharger Cooling
• Others

Electric Coolant Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Coolant Pump Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric coolant pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric coolant pump companies profiled in this report include-

• Aisin Seiki
• Rheinmetall
• Hanon Systems
• MAHLE
• BorgWarner
• Robert Bosch
• GMB
• DaviesCraig
• Torishima Pump
• Modine

Electric Coolant Pump Market Insights

Lucintel forecasts that BEVs will remain the largest segment over the forecast period.

APAC will remain the largest region due to increasing preference for electric vehicles and presence of major manufacturers in the region.

Features of the Global Electric Coolant Pump Market

Market Size Estimates: Electric coolant pump market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric coolant pump market size by various segments, such as by type, vehicle type, propulsion type, application, and region in terms of ($B).

Regional Analysis: Electric coolant pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, vehicle types, propulsion types, applications, and regions for the electric coolant pump market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric coolant pump market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the electric coolant pump market size?

Answer: The global electric coolant pump market is expected to reach an estimated $1.4 billion by 2030.

Q.2 What is the growth forecast for electric coolant pump market?

Answer: The global electric coolant pump market is expected to grow with a CAGR of 15.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the electric coolant pump market?

Answer: The major drivers for this market are growing demand for improved fuel economy and reduced emissions and increasing demand for hybrid and electric vehicles.

Q4. What are the major segments for electric coolant pump market?

Answer: The future of the electric coolant pump market looks promising with opportunities in the engine cooling, battery cooling, and turbocharger cooling applications.

Q5. Who are the key electric coolant pump market companies?

Answer: Some of the key electric coolant pump companies are as follows:

• Aisin Seiki
• Rheinmetall
• Hanon Systems
• MAHLE
• BorgWarner
• Robert Bosch
• GMB
• DaviesCraig
• Torishima Pump
• Modine

Q6. Which electric coolant pump market segment will be the largest in future?

Answer: Lucintel forecasts that BEVs will remain the largest segment over the forecast period.

Q7. In electric coolant pump market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to increasing preference for electric vehicles and presence of major manufacturers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric coolant pump market by type (full-size, mid-size, compact-size, mini-size, and others), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles, and others), propulsion type (BEVs, phevs, hevs, ICE vehicles, and FCEVs), application (engine cooling, battery cooling, turbocharger cooling, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?