Summary

The electric coolant pump market is estimated to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. Electric coolant pumps help reduce emissions by reducing the engine load, thus improving fuel efficiency. Therefore, with the decreasing emission limits in the upcoming emission regulations and growing demand for hybrid & plug-in hybrid vehicles, the demand for electric coolant pumps is projected to grow. For instance, introducing Euro VI and China VI has pushed automakers to employ fuel-efficient technologies such as electric coolant pumps in their vehicles. However, relatively high costs and maintenance can hinder the overall growth of the electric coolant pump market. “<150 W electric coolant pump holds the largest market share during the forecast period”. The market demand for <150 W electric coolant pumps is attributed to their compact cooling with low power consumption. Electric coolant pumps with a wattage range of <150 W are typically used in smaller vehicles or auxiliary cooling systems where lower power consumption and flow rates are sufficient. Rheinmetall Automotive classifies these pumps into two segments: 15 W and 50–150 W. The 15 W electric coolant pumps are used mainly for ancillary assembly cooling, air conditioning for ICE passenger vehicles, turbocharged engines, and cooling emission control systems. The 50–150 W electric coolant pumps are used for air conditioning in electric and hybrid vehicles, battery cooling, DC-DC converter, and power electronics cooling. Electric coolant pumps of <150 W wattage range are primarily installed in compact and mid-size electric passenger cars due to their lower power requirements, optimized thermal management systems, noise reduction, and cost-effectiveness. The demand for <150 W electric coolant pumps is higher in the Asia Pacific mainly due to the growing sales of economy electric vehicles in emerging economies of the region. Economy electric vehicles have less than 150 W electric coolant pumps for auxiliary applications, central battery cooling, and DC-AC converter cooling. “The 48 V mild hybrid vehicle market is analyzed as the largest segment for electric coolant pumps.” The growing demand for high vehicle performance has led to the popularity of 48 V vehicles since these vehicles are highly effective despite capping voltages below a 60 V cut-off. 48 V systems can distribute power to EV components without causing Safety-Extra Low-Voltage (SELV) and minimizing copper losses. 48 V systems also allow four 12V batteries to be placed in series, eliminating the need for lead-acid batteries. Further, 48 V systems also benefit from providing increased power to the components without raising the current level. Due to increased power requirements, 48 V systems employ more electric coolant pumps than 12 V. 48 V mild-hybrid vehicle architecture, which is increasingly adopted in ICE vehicles. Hyundai Santa FE and KIA Sportage are examples of 48 V mild hybrid vehicles with turbodiesel engines. Europe is estimated to lead the most significant market during the forecast period due to increasing sales of 48 V hybrid passenger cars in the region. Additionally, considering the stringency in emission norms globally, 48 V hybrid systems demonstrate 28% fuel savings, a NOx reduction of 46%, and a particulate decrease of 93%. Thus, considering these factors, the demand for 48 V mild hybrid electric vehicles is expected to grow in the coming years, ultimately driving the demand for the electric coolant pump market. “Sealless Electric coolant pump is the largest and fastest-growing segment during the Forecast Period.” Sealless pumps are increasingly becoming popular as they eliminate the need for dynamic seals, reducing the wear and tear of the pump. This also eliminates the periodic seal replacement cost. As coolant leakage can be dangerous to EV components, sealless pumps provide increased safety to the vehicle. Also, the coupling between the motor and pump is easy and requires no alignment, making the installation convenient for sealless pumps. Thus, sealless electric coolant pumps exhibit high efficiency in reduced emissions and better reliability, making them particularly desirable for electric and hybrid vehicle models. Furthermore, sealless electric coolants can be electrically/canned or magnetically driven, and electrically driven coolant pumps hold the prominent market due to their several technical benefits over mechanically driven pumps. Given the significant space occupied by batteries, automotive OEMs favor less expensive electric coolant pumps with their compact size. Thus, increasing sales of electric vehicles coupled with continuous research and developments in sealless electric pump technology to produce lower maintenance and leak-proof products, the sealless pump market is anticipated to remain dominant in the coming future. “Europe accounted for the second largest electric coolant pump market during the forecast period.” Europe is estimated to be the second largest electric coolant pump market after Asia Pacific, where Germany dominates the regional market. This is owing to the increasing demand for electric vehicles and the growing preference for premium cars fitted with electric coolant pumps. The presence of established OEMs such as BMW AG (Germany), Daimler AG (Germany), Fiat (Italy), PSA/Peugeot-Citroen (France), and Volkswagen Group (Germany) also drives the demand for electric coolant pumps in this region. The European region is an early adopter of regulations and mandates of automotive technologies. Thus, the penetration of electric coolant pumps in Europe is higher than in all other areas. The major drivers for the European electric pump market are the high focus on emission norms, rising demand for electric and luxury vehicles, and higher penetration of electric cars. Manufacturers are focusing their R&D activities on developing robust EVs, hybrid vehicles, and 48V mild hybrid vehicles, boosting the demand for electric coolant pumps in the region. The growing demand for EVs has prompted OEMs to partner with electric coolant pump manufacturers, which has led to the increased production of pumps and, thereby, market growth. Further, the region is mainly dominated by market players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Schaeffler AG (Germany), Valeo SA (France), and Hella GmbH & Co. KgAa (Germany). Breakdown of Primaries In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market. • By Company Type: Supply Side- 60%, Demand Side- 40% • By Designation: C-Level Executives - 40%, Director Level– 30%, and Others - 30% • By Region: North America - 30%, Europe - 20%, Asia Pacific- 50%, The electric coolant pump market is led by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Denso Corporation (Japan), Aisin Seiki., Co. Ltd. (Japan), Schaeffler AG (Germany), Hanon Systems (South Korea), and Gates Corporation (US). The study includes an in-depth competitive analysis of these key players in the electric coolant pump market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies. Research Coverage: The electric coolant pump market is segmented by region (Asia Pacific, Europe, North America, and Rest of the World), wattage range (<150 W, 150 W, 200 W, 250 W, and >250 W), voltage type (12 V and 24 V), Application (Powertrain & HVAC, Battery & Power Electronics, and Gearbox Cooling), By Type (Sealed and Sealless), Sealless by Type (Magnetically Driven and Electrically/Canned Driven), ICE by vehicle type (passenger cars, light vans, full-size vans, pick-up trucks, medium-duty trucks, heavy-duty trucks, and buses), electric vehicle type (battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Electric vehicle use (e-passenger cars, e-light vans, e-full-size vans, e-pick-up trucks, e-medium-duty trucks, e-heavy-duty trucks, and e-buses), and communication interface (LIN, CAN, and CAM). The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report: This report provides insights concerning the following points: Country-level electric vehicle type-wise market: The report offers in-depth market sizing and forecasts for 2030 by electric vehicle types, such as battery electric vehicles (BEVs) and Plug-in hybrid vehicles (PHEVs). This study covers the market sizing for the electric coolant pump market at the country and regional levels. By Electric Vehicle Use: The report offers in-depth market sizing and forecasts up to 2030 by electric vehicle use, such as e-passenger cars, e-light vans, e-full-size vans, e-pick-up trucks, e-medium-duty trucks, e-heavy-duty trucks, and e-buses at the regional level. In-depth analysis of different vehicle types at the regional level. Sealless Electric Coolant Pump By Type: The report offers in-depth market sizing and forecasts up to 2030 by sealless electric coolant pump types, such as electrically/ canned driven and magnetically driven. The report provides market sizing and forecasting till 2030 by types, such as electrically/canned-driven and magnetically driven. The report provides the “Market Share” of the leading electric coolant pump market players. Market Development: The report provides comprehensive information about lucrative emerging markets for the electric coolant pump market across regions. Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the electric coolant pump market. Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the electric coolant pump market. The report provides insights on the following pointers: • Analysis of critical drivers (Technical benefits of electric coolant pumps over mechanical pumps, Technical benefits of electric coolant pumps over mechanical pumps, and Increasing sales of turbocharged engines), Restraints (Increasing sales of turbocharged engines and Complexity in integration with existing ICE vehicles), Opportunities (Complexity in integration with existing ICE vehicles and Developments in ceramic seal material), Challenges (Unreliability of electric coolant pumps) • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the electric coolant pump market. • Market Development: Comprehensive information about lucrative markets – the report analyses the electric coolant pump market across different regions. • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric coolant pump market. • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch GmbH (Germany), Mahle GmbH (Germany), Rheinmetall AG (Germany), Continental AG (Germany), Denso Corporation (Japan), and Aisin Seiki., Co. Ltd (Japan) in the electric coolant pump market.