Uploaded on Jul 30, 2020
Electric Coolant Pump Market by Type (Sealed, Sealless), Sealless (Electrical, Magnetic), Power Output (<100W, >100W), Vehicle Type (PV, 48V, CV, BEV, PHEV), Communication Interface (LIN, CAN, PWM), Application and Region
Electric Coolant Pump Market worth $662 million by 2027
MarketsandMarkets
Presents
Electric Coolant Pump Market worth
$662 million by 2027
https://www.marketsandmarkets.com/Market-Reports/electric-coolan
t-pump-market-107390652.html
The report "Electric Coolant Pump Market by Type (Sealed, Sealless),
Sealless (Electrical, Magnetic), Power Output (100W),
Vehicle Type (PV, 48V, CV, BEV, PHEV), Communication Interface (LIN,
CAN, PWM), Application and Region - Global Forecast to 2027", The
global electric coolant pump market size for electric vehicles is projected to
reach USD 662 million by 2027 from an estimated USD 227 million in 2020 at
a CAGR of 16.5% during the forecast period.
Browse 133 market data Tables and 62 Figures spread through 199
Pages and in-depth TOC on "Electric Coolant Pump Market”
The growth of electric coolant pump market size is influenced by factors such
as stringency in emission norms, increasing sales of electric vehicles, and
turbocharged engines. Additionally, rising sales of electric vehicles,
continuous developments in pump specifications like power output, and
growing collaborations between electric coolant manufacturers and OEMs are
also driving its growing popularity. Therefore, the electric coolant pump
market is expected to witness significant growth in the future.
The electric coolant pump market is dominated by globally established
players such as Rheinmetall Automotive AG(Germany), Robert Bosch GmbH
(Germany), Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), and
MAHLE GmbH (Germany).
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52
48V is expected to be the largest market in the vehicle voltage
segment
According to MarketsandMarkets analysis, the 48V electric coolant pump
market is estimated to be the largest during the forecast period. 48V
vehicle architecture is growing in popularity due to increasing sales of
48V vehicles and MHEVs. As 48V vehicles employ more number of
electric coolant pumps than 12V vehicles, increasing sales of 48V
vehicles is expected to drive the electric coolant pump volume market.
Also, as 48V hybrid systems register reduced emissions, this vehicle
architecture is finding its adoption in various vehicle models. Thus, with
the growing popularity of 48V vehicle architecture, the electric coolant
pump is expected to witness an evident growth in the future.
The commercial vehicles segment is expected to grow with the
highest CAGR in electric vehicle use segment
Commercial vehicles are expected to witness significant growth during
the forecast period. The growing demand for electrified buses and trucks
is boosting the demand for electric coolant pumps globally.
Additionally, increasing sales and availability of various electric pick-up
vehicles such as Toyota RAV4, Chrysler Pacifica Hybrid, and Toyota Highlander
driven by government subsidies is anticipated to propel commercial vehicles
electric coolant pump market. Also, the growing adoption of 48V vehicle
architecture owing to various technical advantages is expected to impact the
electric coolant pump market significantly. As various electric coolant pump
manufacturers are focusing on developing high-powered electric coolant
pumps (suitable for commercial vehicles), commercial vehicles are expected
to register a noticeable growth.
Asia Pacific region is expected to lead the market during the
forecast period.
Asia Pacific is estimated to be the largest market for the electric coolant
pump market with China(global hub) and Japan (an important automotive
hub) holding a significant share in the market. The growing popularity of
BEVs and hybrid turbocharged engines is expected to give China a
considerable boost in the electric coolant pump market. The introduction of
BS-VI emission norms in India is a crucial factor expected to drive the electric
coolant pump market growth in the forecast period. The presence of
prominent players and the growing availability of hybrid vehicle models will
support the electric coolant pump market. Additionally, the presence of key
players like Aisin Seiki Co., Ltd, Johnson Electric, GMB Corporation, etc. is
expected to create favorable opportunities for the electric coolant pump
market.
To speak to our analyst for a discussion on the above findings, click
Speak to Analyst
Critical Questions:
• Many companies are operating in the electric coolant pump market
space across the globe. Who, according to you, are the front leaders,
and what strategies have been adopted by them?
• Do BEVs and PHEVs employ the same number of electric coolant
pumps? If not, what are the reasons for it?
• Are electric coolant pumps also gaining popularity in ICE vehicles? Are
they used for auxiliary purposes or primary cooling purposes?
• Do commercial vehicles use the same rated power output electric
coolant pump as passenger cars? If not, what is the reason behind the
same?
• Why are sealless type pumps used in electric vehicles? Which type of
sealless pump is widely used, and why?
• Does each application employ a separate coolant pump? If not, why?
And does this vary OEMs to OEMs?
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652
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