Global Electric Coolant Pump Market Report and Forecast 2025-2034

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Electric Coolant Pump Market Growth

The growth of the electric coolant pump market is driven by the fast-changing innovations and dynamic automotive industry. The industry is aided by the mechanical parts being replaced by electronic components due to the ongoing advanced technology in the automotive industry. The growing need to reduce emissions from vehicles is pushing manufacturers to develop powertrain components with advanced technologies. Rapid electrification of mechanical components will, therefore, boost the development of the passenger cars segment in the market for electric coolant pumps.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Electric Coolant Pump Market Trends

Stringent government regulations pushing the automakers to readily adopt electric coolant pumps in their vehicles is a crucial trend in electric coolant pump market, which prevents the overheating of the vehicle.

Recent Developments

As per the electric coolant pump market dynamics and trends, Rheinmetall announced in June 2024 that it had received an order for millions of electric coolant pumps from an international vehicle manufacturer. These pumps are expected to be utilised for the production of hybrid-powered vehicles.

Industry Outlook

According to the electric coolant pump industry analysis, the overall sales of EVs reached around 10 million in 2022, a staggering growth of 55% from the previous year. By the year 2025, around 25% of all passenger car registrations are expected to be EVs, with the sale of a total of 17 million units. As per the data from 2023, around 10 million EVs are on the road. The USA witnessed record sales of 918,500 light electric vehicles in 2022, whereas China was projected to be the biggest market for EVs, with around 40% of its total vehicle sales being EVs by 2030.

As per the industry reports from India in 2024, the total EV sales in India was 16,83,600 from May 2023 to April 2024. The EV sales in March were 139,288 units in March 2024 and 65,057 units in April 2024. The sales of EVs were 111,355 units in April 2023 and 158,459 units in May 2023. In June 2023 that number went down to 102,639 units, followed by a slight increase in July 2023 at 116,628 units. The rise and fall trend continued in January 2024 with total sales of 144,397 units, followed by sales of 141,510 units. This showcases a growing interest in EVs in the country, fuelling the growth of the electric coolant pump industry.

Furthermore, market players are readily investing in projects aimed at boosting the production of EVs and hybrid cars. For instance, the Maharashtra government of India signed a Memorandum of Understanding (MoU) with Toyota Kirloskar for the greenfield project. The aim of this project is to produce electric and hybrid cars and boost the growth of the EV sector in the Maharashtrian state of India. This initiative is further expected to boost the demand for electric coolants and eventually electric coolant pump industry revenue.

Increasing Demand for Electric Vehicles and Technological Innovations Enhancing the Global Market

• Rising adoption of electric and hybrid vehicles driving the demand for electric coolant pumps.

• Technological advancements in electric coolant pump increase efficiency and performance and boost electric coolant pump demand growth.

• Strong regulatory support for reducing vehicle emissions and improving fuel efficiency.

• Established presence of key players with significant R&D capabilities in the automotive sector.

High Costs and Limited Infrastructure Weakening the Global Market

• High initial costs associated with electric coolant pump systems.

• Limited charging infrastructure in many regions, affecting electric vehicle adoption as well as electric coolant pump demand forecast.

• Complex integration and compatibility issues with existing vehicle systems.

• Dependence on raw material availability and price fluctuations.

• Economic downturns impacting automotive industry investments and adoption rates.

• Environmental concerns related to the disposal and recycling of electric coolant pump components.

Expansion of electric coolant pump applications in emerging markets with increasing electric vehicle adoption.

• Growing investments in electric vehicle infrastructure and supportive government policies can boost electric coolant pump market value.

• Rising demand for advanced thermal management solutions in electric and hybrid vehicles.

• Increasing focus on sustainable and energy-efficient automotive components.

Key Market Players and their Competitive Strategies in the Global Electric Coolant Pump Market Share

The global market is highly competitive, dominated by major players like Robert Bosch GmbH, Continental AG, Denso Corporation, and Mahle GmbH. Each company employs distinct strategies to maintain and expand its market presence, contributing to a dynamic and challenging market environment.

Robert Bosch GmbH

• Invest heavily in research and development to create innovative and efficient electric coolant pump systems.

• Expanding product lines to include versatile cooling solutions tailored to various vehicle types and applications can increase electric coolant pump demand.

Continental AG

• Focus on developing advanced electric coolant pump systems with integrated diagnostic and monitoring features.

• Utilizing strategic partnerships and collaborations to expand market reach and technological capabilities can boost electric coolant pump market revenue.

Denso Corporation

• Drive innovation by investing in research and development to offer high-performance electric coolant pumps with enhanced safety and reliability.

• Prioritize regional market penetration with tailored products and marketing strategies.

Mahle GmbH

• Emphasizing continuous innovation to develop electric coolant pump systems with robust performance and reliability can aid demand of electric coolant pump market.

• Target diverse markets with customized cooling solutions and application-specific products.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Electric Coolant Pump Industry Segmentations

Competitive Landscape

The report presents a detailed analysis of the following key players in the global electric coolant pump industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• MAHLE GmbH

• Johnson Electric Holdings Limited 

• Robert Bosch GmbH

• VOVYO Technology Co., Ltd

• Rheinmetall AG

• Hanon Systems

• Continental AG

• Aisin Seiki Co. Ltd. 

• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Electric Coolant Pump Market Regional Analysis

The Asia Pacific is expected to account for a major electric coolant pump industry share due to the rise of the automotive sector in India. Furthermore, the rising production of EV vehicles in China and Japan is expected to contribute to market growth.

Electric Coolant Pump Market Report Snapshots

Electric Coolant Pump Market Size

Electric Coolant Pump Market Growth

Electric Coolant Pump Market Trends

Electric Coolant Pump Companies

Electric Coolant Pump Market Regional Analysis