Electric Coolant Pump For Passenger Cars Market size to grow by USD 1.55 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like AISIN CORP., Buhler Motor GmbH and Continental AG, and many more

NEW YORK, Nov. 29, 2023 /PRNewswire/ — The electric coolant pump for passenger cars market is estimated to grow by USD 1.55 billion from 2022 to 2027, growing at a CAGR of 15.33%. The electric coolant pump for passenger cars market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer electric coolant pumps for the passenger cars market are 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, TBK Co. Ltd., Valeo SA, and VOVYO TECHNOLOGY Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying

Company Offering:

AISIN CORP. – The company offers electric coolant pumps for passenger cars such as the AISIN AMR Series and AISIN AMR-S Series.
Buhler Motor GmbH – The company offers electric coolant pumps for passenger cars such as bFlow O20, bFlow O100, bFlow O300, and bFlow O600.
Continental AG – The company offers electric coolant pumps for passenger cars such as HY2000, HY2001, HY2002, HY2003, and HY2004.
For details on companies and their offerings – Buy the report!

By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa.

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. The growth is driven by an increase in the penetration of electric cars in major APAC countries, such as China, Japan, and Korea from the South, together with others. In addition, manufacturers are being forced to increase the adoption of electrification in their vehicles due to growing pressure to reduce vehicle emissions.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

Impactful driver- Rapid electrification of mechanical components
Key Trend – Improvements in automotive electric pump system
Major Challenges – Design and operational defects causing failure in electric coolant pumps

Market Segmentation

By Application, the market is classified into ICE powertrain, hybrid, and electric powertrain. The ICE powertrain segment is estimated to witness significant growth during the forecast period. Passenger cars with petrol or diesel engines are part of the segment. There is a hydraulic cooling pump fitted to most ICE powertrains that can be operated by an engine belt. Moreover, it is more costly to use an electric coolant pump instead of a mechanical one. These factors have resulted in a limited application of electrical fluid pumps for ICE propulsion systems.

Technavio Research experts have provided more insights on the market share of segments – View a Sample Report

Related Reports

The automotive suspension member market size is estimated to grow at a CAGR of 6.46% between 2023 and 2028. The market size is forecast to increase by USD 4,148.61 million.

The automotive exhaust manifold market size is estimated to grow at a CAGR of 5.4% between 2023 and 2028. The market size is forecast to increase by USD 735.08 million.

Electric Coolant Pump For Passenger Cars Market Scope
Report Coverage	Details
Historic period	2017-2021
Growth momentum & CAGR	Accelerate at a CAGR of 15.33%
YoY growth 2022-2023 (%)	15.15
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Key countries	US, China, Germany, France, and UK

TOC:

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 Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com