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The electric coolant pump for passenger cars market size is forecast to increase by USD 26.6 billion at a CAGR of 20.6% between 2023 and 2028. The electric coolant pump market for passenger cars is experiencing significant growth due to the rapid electrification of mechanical components. The trend towards electric vehicles (EVs) and hybrid vehicles (HEVs) is driving the demand for electric coolant pumps, as they offer several advantages over traditional mechanical pumps. These advantages include increased efficiency, reduced emissions, and improved reliability. Additionally, advancements in automotive electric pump systems are leading to the development of more sophisticated and efficient cooling systems. However, recalls due to faulty electric coolant pumps pose a challenge to market growth. Manufacturers must ensure the reliability and durability of these pumps to maintain consumer trust and confidence in electric vehicle technology.
Overall, the electric coolant pump market for passenger cars is expected to grow steadily, driven by the electrification of the automotive industry and advancements in electric pump technology.
Electric coolant pumps play a crucial role in thermal management systems of passenger cars, ensuring optimal engine performance and fuel efficiency. With the increasing trend of vehicle electrification, electric coolant pumps are gaining significant attention in the passenger car market. The adoption of electric coolant pumps is driven by emission regulations and the need for fuel-efficient technologies. Hybrid vehicles and electric vehicles (EVs) are major contributors to the growth of the electric coolant pump market in passenger cars. These vehicles require advanced cooling systems to manage battery thermal management and motor design, which is effectively addressed by electric coolant pumps.
The global emission regulations, such as emission norms, are stringent for passenger cars, leading to the demand for electric coolant pumps to control coolant flow and reduce exhaust emissions. The passenger car market is segmented into sedan, SUV, hatchback, MPV, and coupe. Fuel consumption and engine performance are key factors influencing the adoption of electric coolant pumps in all vehicle segments. Turbocharged engines, a common feature in many passenger cars, also benefit from electric coolant pumps, as they help maintain optimal operating temperatures, enhancing engine performance and reducing fuel consumption. Overall, the electric coolant pump market in the passenger car sector is expected to grow significantly due to the increasing demand for fuel-efficient technologies and the need for advanced cooling systems to meet emission regulations.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The ice powertrain segment is estimated to witness significant growth during the forecast period. The Electric Coolant Pump market for Passenger Cars is experiencing significant growth due to the increasing trend towards vehicle electrification and stricter emission standards. Hybrid and Electric Vehicles (HEVs and EVs) are becoming increasingly popular, leading to a higher demand for advanced cooling systems. Emission regulations, aimed at reducing CO2 emissions and improving fuel efficiency, are driving the adoption of high-efficiency pumps, such as brushless DC motors and seal-less magnetic pumps. Aftermarket installations of electric coolant pumps are also gaining traction as thermal management becomes a critical factor in enhancing engine efficiency and reducing exhaust emissions. OEMs are investing in the development of intelligent control units to optimize power consumption and energy efficiency.
Advanced materials and lightweighting are also key trends in the market, as they help reduce the overall weight of the vehicle and improve cooling performance. Global emission regulations, such as fuel-efficient technologies and advanced cooling systems, are playing a crucial role in shaping the Electric Coolant Pump market for Passenger Cars. Coolant flow control, fuel consumption, and exhaust emissions are major factors influencing the market, with turbocharged engines and emission norms also having an impact. The market is expected to grow further with the increasing adoption of electrification and advanced cooling systems in emerging economies. Motor design and power consumption are also critical considerations in the market, with a focus on battery thermal management to ensure optimal performance and reduce environmental pollution.
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The ICE powertrain segment accounted for USD 6.47 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth due to the increasing sales of electric vehicles (EVs) in the Passenger Car Market. As electric vehicle sales continue to rise, there is a growing demand for strong cooling systems to ensure optimal cooling performance in electric passenger cars. Overheating issues and circuit board degradation are common challenges in electric vehicles, particularly in the engine compartment. To address these concerns, automakers are focusing on developing advanced cooling systems for various vehicle models, including sedans, SUVs, hatchbacks, MPVs, and coupes. These cooling systems use coolant types such as water-based and glycol-based to maintain engine performance.
The electric motor power in EVs necessitates higher coolant flow rates, which digital control systems and compact designs help to achieve. Additionally, lightweight designs are becoming increasingly popular to improve fuel efficiency and reduce overall vehicle weight. In hybrid electric vehicles, the internal combustion engine and electric motor require separate cooling systems, further increasing the demand for electric coolant pumps.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rapid electrification of mechanical components is the key driver of the market. The Electric Coolant Pump market in Passenger Cars is experiencing significant growth due to the trend of vehicle electrification and the increasing adoption of fuel-efficient technologies. With stricter emission regulations and the focus on reducing CO2 emissions, OEMs are integrating high efficiency pumps, such as brushless DC motors and intelligent control units, into their designs. These advanced cooling systems improve engine efficiency and cooling performance, contributing to better fuel consumption and exhaust emissions. Additionally, electric coolant pumps are essential for thermal management in Hybrid Vehicles and Electric Vehicles, ensuring optimal battery thermal management. Lightweighting through the use of advanced materials and energy optimization are also key factors driving the market's growth.
Emerging economies are expected to contribute significantly to the market's growth due to increasing demand for fuel-efficient vehicles. The Electric Coolant Pump market is witnessing innovation in motor design and power consumption, with seal-less magnetic pumps offering improved performance and reduced maintenance requirements. The market is expected to continue growing as global emission regulations become more stringent, and advanced cooling systems become a necessity for meeting emission norms.
Improvements in automotive electric pump system is the upcoming trend in the market. The Electric Coolant Pump market for Passenger Cars is experiencing significant growth due to the increasing focus on Vehicle Electrification and the development of Fuel-efficient technologies. With the implementation of stricter Emission Regulations and emission norms, OEMs are turning towards Electric Coolant Pumps to enhance Engine Efficiency and reduce CO2 Emissions. These pumps are increasingly being used in Hybrid Vehicles and Electric Vehicles for Coolant flow control, Thermal Management, and Battery thermal management. Advancements in Motor design, such as Brushless DC Motors and Intelligent Control Units, have led to the production of High Efficiency Pumps and Seal-less Magnetic Pumps.
These pumps offer Lightweighting and the use of Advanced Materials, resulting in reduced Power Consumption and Energy Optimization. The global adoption of these pumps is not limited to Emerging Economies but is also prevalent in developed markets due to their Cooling Performance and contribution to Fuel Consumption reduction and Exhaust emissions minimization. Turbocharged engines, which are known for their high thermal loads, are also benefiting from the use of Electric Coolant Pumps. These pumps offer precise Coolant flow control, ensuring optimal Engine Performance and reducing the risk of Thermal Management issues. As the world moves towards a more sustainable and eco-friendly future, Electric Coolant Pumps are playing a crucial role in reducing Environmental Pollution and contributing to the overall Efficiency of the vehicle.
Recalls due to faulty electric coolant pumps is a key challenge affecting the market growth. Electric coolant pumps play a crucial role in the thermal management of passenger cars, ensuring optimal engine efficiency and reducing CO2 emissions. With the increasing trend of vehicle electrification, electric coolant pumps are gaining popularity in hybrid and electric vehicles due to their ability to improve fuel efficiency and meet emission regulations. OEMs are integrating advanced technologies such as brushless DC motors, intelligent control units, and high-efficiency pumps to enhance cooling performance and reduce power consumption. However, the rising adoption of electric coolant pumps also presents challenges for stakeholders. The cost of product recalls due to defective pumps or potential system failures can be significant, with both OEMs and tier-1 suppliers sharing the burden.
This cost increase, coupled with the need for lightweighting and the use of advanced materials to improve fuel efficiency and reduce emissions, further adds to the financial strain. Moreover, emerging economies with stringent emission regulations are driving the demand for fuel-efficient technologies, including advanced cooling systems. These systems require sophisticated motor designs and energy optimization techniques to minimize power consumption and maximize cooling performance. The global adoption of electric coolant pumps is expected to continue growing, with the market size projected to expand significantly in the coming years. Despite these challenges, electric coolant pumps offer numerous benefits, including improved engine efficiency, reduced exhaust emissions, and enhanced cooling performance.
The use of seal-less magnetic pumps and intelligent control units also enables better coolant flow control, resulting in improved fuel consumption and reduced CO2 emissions. As the automotive industry continues to evolve, electric coolant pumps will play a pivotal role in enabling the transition to cleaner, more efficient transportation solutions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AISIN CORP. - The company caters to the cooling system needs of passenger cars with our advanced electric coolant pump offerings.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Electric coolant pumps play a crucial role in thermal management systems of passenger cars, ensuring optimal engine efficiency and cooling performance. With the increasing trend of vehicle electrification, electric coolant pumps are gaining popularity in hybrid and electric vehicles due to their ability to improve fuel efficiency and reduce CO2 emissions. These pumps operate using brushless DC motors and intelligent control units, which enable energy optimization and high efficiency. OEMs are integrating electric coolant pumps into advanced cooling systems to meet emission regulations and improve fuel-efficient technologies. Seal-less magnetic pumps are a popular choice due to their lightweight design and low power consumption.
Emerging economies are also adopting electric coolant pumps to comply with global emission regulations and reduce environmental pollution. Furthermore, electric coolant pumps are essential for the cooling of turbocharged engines and the management of battery thermal management systems in electric vehicles. Coolant flow control and efficient cooling are critical factors in ensuring engine efficiency and reducing exhaust emissions. The future of electric coolant pumps lies in their ability to optimize power consumption and contribute to the overall electrification of the automotive industry.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.6% |
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Market growth 2024-2028 |
USD 26.6 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
16.5 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 47% |
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Key countries |
China, Germany, US, France, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AISIN CORP., Buhler Motor GmbH, Continental AG, Davies Craig Pty Ltd., Gates Industrial Corp. Plc, GMB CORP., Hanon Systems, Johnson Electric Holdings Ltd., MAHLE GmbH, Mikuni Corp., Nidec Corp., Rheinmetall AG, Robert Bosch GmbH, Sanhua Holding Group Co. Ltd., Schaeffler AG, Sogefi Spa, Stellantis NV, Valeo SA, and VOVYO TECHNOLOGY Co. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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