Electronic Coolant Pumps Market Report 2024 (Global Edition)

Global Electronic Coolant Pumps Market Report 2024 Market Size Split by Application (Powertrain & HAVC, Battery and Power Electronics, Gearbox Cooling), by Type (Sealed, Seal Less, Electrically driven...

Electronic Coolant Pumps Market Report Description

We have various report editions of Electronic Coolant Pumps Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Electronic Coolant Pumps Market Insights Video

Competitive Landscape of the Electronic Coolant Pumps Market

The competitive landscape of the electronic coolant pumps market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized electronic coolant pump companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

July 2023: An agreement has been made by EBARA Pumps Europe, a subsidiary of EBARA Corporation, to purchase Spandau Pumpen, SKF's coolant pump business. Enhances EBARA's position in the coolant pump market and broadens its range of pumps. (Source: https://www.ebara.co.jp/en/corporate/newsroom/release/company/detail/1211702_10220.html) October 2023: In a US$ 646.7 million deal, Mahle and Hella sold their joint venture, BHTC, to display tech company AUO. The two businesses have decided to sell their respective 50% stakes in Behr-Hella Thermo Control (BHTC), a top provider of thermal management systems for automobiles, to Taiwan's top display panel manufacturer, AUO Corporation. The enterprise value of the deal, which is estimated to be worth US$ 646.7 million, is awaiting clearance from the appropriate trade and antitrust authorities. (Source: https://newsroom.mahle.com/press/en/press-releases/mahle-and-hella-sell-bhtc-shares-to-auo-100800#)

Top Companies Market Share in Electronic Coolant Pumps Industry: (In no particular order of Rank)

• Aisin Seiki (Japan)
• Rheinmetall (Germany)
• Hanon Systems (South Korea)
• MAHLE (Germany)
• BorgWarner (US)
• Robert Bosch (Germany)
• GMB (Japan)
• DaviesCraig (Australia)
• Torishima Pump (Japan)
• Modine (US)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electronic Coolant Pumps Market

Which Region Dominates the Electronic Coolant Pumps Market in 2024?

According to cognitive market research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because strict emission regulations are forcing car manufacturers to switch to turbocharged engines in order to improve fuel efficiency. Gasoline passenger cars with turbochargers, which need electric coolant pumps for ideal temperature management, have a comparatively large market share in North America. North America is ahead of the others in terms of the adoption of electric vehicles (EVs), even if Asia Pacific may be catching up. Electric coolant pumps play a major role in the thermal management of electric and hybrid vehicles.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the electronic coolant pumps market due to several compelling reasons. In the Asia Pacific region, countries like China, Japan, and India, there is a significant push for electric vehicles, or EVs. Due to the fact that electric coolant pumps are necessary for EV thermal management, the market for the pumps is expanding along with the EV sales boom. To address pollution, the governments in this region are enforcing more stringent emission laws. Additionally, because electric coolant pumps increase engine efficiency and lower emissions, they are involved in this.

 

The current report Scope analyzes Electronic Coolant Pumps Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electronic Coolant Pumps Market

According to cognitive market research, the global electronic coolant pumps market size was estimated at USD 2154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• According to cognitive market research, the US had a major share in the electronic coolant pumps market with a market size of USD 679.87 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. The US government is enforcing more stringent emission regulations in an effort to mitigate air pollution, which propels the market.
• The Canada electronic coolant pumps market had a market share of USD 103.40 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. The market is driven by Canadians' growing desire for fuel-efficient cars in order to save money on gas and lessen their environmental effect.
• The Mexico electronic coolant pumps market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 78.41 million in 2024.

Europe Electronic Coolant Pumps Market

According to cognitive market research, the global electronic coolant pumps market size was estimated at USD 2154.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 646.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• The United Kingdom electronic coolant pumps market had a market share of USD 108.57 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. In the UK, a significant market for electric cars, and this trend is anticipated to persist, is the driver.
• The France electronic coolant pumps market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 59.46 million in 2024.
• According to cognitive market research, the German electronic coolant pumps market size was valued at USD 127.96 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. In Germany, providing significant financial subsidies for the purchase of EVs and HEVs, which is driving the market and resulting in a sharp rise in EV and HEV sales
• The Italy electronic coolant pumps market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 55.58 million in 2024.
• The Russian electronic coolant pumps market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 100.17 million in 2024.
• The Spain electronic coolant pumps market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 52.99 million in 2024
• The Luxembourg electronic coolant pumps market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 20.03 million in 2024.
• The Portugal electronic coolant pumps market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 13.57 million in 2024.
• The Greece electronic coolant pumps market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 7.76 million in 2024.
• Rest of Europe's electronic coolant pumps market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 100.17 million in 2024.

Asia Pacific Electronic Coolant Pumps Market

According to cognitive market research, the global electronic coolant pumps market size was estimated at USD 2154.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.

• According to cognitive market research, the China electronic coolant pumps market size was valued at USD 222.96 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. The market is driven by the Chinese government's implementation of increasingly stringent emission restrictions to combat air pollution.
• The Japan electronic coolant pumps market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 68.37 million in 2024.
• The India electronic coolant pumps market had a market share of USD 59.46 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. The Indian government is driving the market for electric cars (EVs) by actively pushing their adoption.
• The South Korean electronic coolant pumps market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 49.55 million in 2024.
• The Australia electronic coolant pumps market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 25.76 million in 2024.
• The Southeast Asia electronic coolant pumps market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 34.19 million in 2024.
• The Rest of Asia Pacific electronic coolant pumps market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 35.18 million in 2024.

South America Electronic Coolant Pumps Market

According to cognitive market research, the global electronic coolant pumps market size was estimated at USD 2154.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to cognitive market research, the Brazil electronic coolant pumps market size was valued at USD 46.10 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Brazil's demand for environmentally friendly automobiles, particularly hybrid and electric vehicles, is rising, which is propelling the industry.
• Argentina's electronic coolant pumps market had a market share of USD 18.10 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Argentina's consumers are driven by their concerns about fuel prices, which dominate the market.
• Colombia's electronic coolant pumps market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 9.59 million in 2024.
• Peru's electronic coolant pumps market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 8.83 million in 2024.
• Chile's electronic coolant pumps market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 7.76 million in 2024.
• The Rest of Latin America electronic coolant pumps market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 17.34 million in 2024.

Middle East and Africa Electronic Coolant Pumps Market

According to cognitive market research, the global electronic coolant pumps market size was estimated at USD 2154.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The GCC Countries' electronic coolant pumps market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 18.44 million in 2024. The market is driven by GCC governments' measures to encourage the adoption of electric vehicles.
• The Egypt electronic coolant pumps market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 4.52 million in 2024.
• The South Africa electronic coolant pumps market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 6.81 million in 2024. The industry is driven by South Africa's government's investments in electric vehicle infrastructure and incentives to promote the adoption of EVs.
• The Turkey electronic coolant pumps market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 3.71 million in 2024.
• The Nigeria electronic coolant pumps market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 4.52 million in 2024.
• The Rest of the MEA electronic coolant pumps market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 5.08 million in 2024.

Electronic Coolant Pumps Market Analysis

Electronic Coolant Pumps Market Application Segment Analysis

According to cognitive market research, Battery and Power Electronics stand out as the dominating category. This is mostly because these electric vehicle components, both passenger automobiles and commercial vehicles, generate a lot of heat. Effective cooling is essential for longevity and peak performance. During operating and charging, electric vehicles (EVs) produce a considerable amount of heat from their battery packs and power electronics. For the sake of longevity, safety, and optimal performance, this heat must be properly handled.

Powertrain & HAVC emerges as the fastest-growing category in the electronic coolant pumps market. Electric coolant pumps play a critical role in the thermal control of batteries and motors in electric vehicles (EVs). Globally increasing EV usage is a key factor propelling this market. More accurate coolant flow management is possible with electric coolant pumps, which improves the efficiency of cooling ICE and EV powertrains as well as thermal systems.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Coolant Pumps Industry. Request a Free Sample PDF!

Electronic Coolant Pumps Market Type Segment Analysis

According to cognitive market research, the dominating category is Electrically driven/ Canned. A sealed structure keeps apart the coolant and motor of electrically driven/canned pumps. By doing this, the possibility of coolant leaks is removed, which is particularly concerning with conventional sealed pumps that rely on a shaft seal. When compared to sealed pumps, the canned design minimizes friction losses. This corresponds to less energy being used and possibly improved car fuel efficiency.

The fastest-growing category in the electronic coolant pumps market is Seal Less. Coolant leaks, which can be a serious problem with conventional sealed pumps, are eliminated with seal-less pumps. This is because they eliminate the requirement for a physical shaft that passes through the housing and needs to be sealed by employing a magnetic coupling to drive the impeller. Because seal-less pumps are lighter and more compact than sealed pumps, they provide greater design flexibility. This is useful for modern vehicle designs that have space limits.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electronic Coolant Pumps Vehicle Type Segment Analysis

According to cognitive market research, the dominating category is Battery Electric Vehicles (BEVs). Since BEVs use electric motors and high-performance batteries, they have sophisticated temperature management systems. Optimal operating temperatures for these components are ensured by electric coolant pumps, which provide greater control over coolant flow than conventional mechanical pumps. This prolongs battery life and enhances overall vehicle performance.

The fastest-growing category in the Electronic Coolant Pumps market is Plug-in Hybrid Electric Vehicles (PHEVs). Hybrid cars, especially plug-in hybrid electric vehicles (PHEVs), are in high demand as consumers grow more ecologically conscious. A greater variety of driving needs are met by PHEVs, which provide both gasoline and electric driving options. More electric range, improved fuel economy, and quicker charge periods are all features of the ever-evolving PHEV technology. Because of this, customers will find them to be a more appealing option.

• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)

Electronic Coolant Pumps Technology Segment Analysis

According to cognitive market research, the dominating category is Electric. By only operating when necessary, they lower parasitic losses and increase the overall fuel economy or range of the vehicle (for combustion engines or electric vehicles, respectively). They make it possible to regulate coolant flow more precisely, which improves engine temperature regulation. They provide automakers with design flexibility because they can be placed anywhere in the cooling system.

The fastest-growing category in the Electronic Coolant Pumps market is Mechanical. In some areas, cost may be a more important consideration, and mechanical pumps may still be an affordable choice. Mechanical pumps are widely available and simple to fit

• Electric
• Mechanical
• Hydraulic

Electronic Coolant Pumps Electric Vehicle Use Segment Analysis

According to cognitive market research, the dominating category is E-Passenger Cars. The great majority of cars sold worldwide are passenger cars, even in the conventional auto market. In the field of electric vehicles, this pattern is still present. Despite lacking combustion engines, electric cars nevertheless produce heat from their batteries to power their electronics. Electric coolant pumps are essential for keeping these parts at their ideal working temperatures, which guarantees their longevity and effective operation.

The fastest-growing category in the electronic coolant pumps market is E-Buses. Government programs for greener transportation and environmental issues. The demand for zero-emission cars is fueling the industry.

• E-Passenger Cars
• E-Light Vans
• E-Pick-up Trucks
• E-Fullsize Vans
• E-Medium-duty Trucks
• E-Heavy-duty Trucks
• E-Buses

Electronic Coolant Pumps ICE Vehicle Type Segment Analysis

According to cognitive market research, the dominating category is 48 V Mild Hybrid Vehicles. Governments everywhere are raising the bar on automobile emissions. Manufacturers can comply with these standards without requiring a fully electric drivetrain by using 48V mild hybrids. In the upcoming years, it is anticipated that the market for 48V mild hybrid vehicles will expand dramatically. In this market, demand for electric coolant pumps will increase as a result.

The fastest-growing category in the electronic coolant pumps market is Passenger Cars. Compared to other vehicle classes, passenger cars, especially economy and mid-priced models, see substantially higher production levels worldwide. The rising popularity of electric and hybrid vehicles is further fueling the need for electric coolant pumps in passenger automobiles.

• Passenger Cars
• 48 V Mild Hybrid Vehicles
• Light vans
• Full-size Vans
• Pick-up Trucks
• Medium-duty Trucks
• Heavy-duty Trucks
• Buses

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Author's Conclusion