Electric Coolant Pump Market Worth $1100+ Mn, Globally, by 2028 at 16.8% CAGR, Driven by Advantages of Electric Coolant Pumps Over Mechanical Pumps, Increase in Production of Vehicles, Rise in Demand for Eco-Friendly Vehicles

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Electric Coolant Pump Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application, Power, Vehicle Type, Propulsion Type, and Pump Type," the global electric coolant pump market size is projected to grow from USD 467.46 million in 2022 to USD 1,188.28 million by 2028; it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.

Download Sample PDF Brochure of Electric Coolant Pump Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00014274/

Global Electric Coolant Pump Market Report Scope, Segmentations, Regional & Country Scope:

Browse key market insights spread across 252 pages with 277 list of tables & 101 list of figures from the report, "Electric Coolant Pump Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Engine Cooling & HVAC, Battery & Power Electronics Cooling, and Gearbox Cooling), Power (Below 100 W and Above 100 W), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Propulsion Type (ICE, Electric, and Hybrid), and Pump Type (With ECU and Without ECU)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/electric-coolant-pump-market

Global Electric Coolant Pump Market: Competitive Landscape and Key Developments

Aisin Seiki Co. Ltd.; Continental Ag; Gmb Corporation Hanon Systems; Hitachi Automotive Systems, Ltd.; Johnson Electric Holdings Limited; Mahle Gmbh; Rheinmetall Automotive Ag; Robert Bosch Gmbh; and Vovyo Technology Co., Ltd are among the leading players profiled in the electric coolant pump market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their growth. A few developments are mentioned below:

In July 2022, AISIN Corporation declared its commitment to acquiring SBT certification by submitting a commitment letter to SBTi, the organization which certifies Science Based Targets (SBTs). SBTs are targets for reducing greenhouse gas emissions. In order to establish a society that is carbon-neutral in terms of production and goods, AISIN proclaimed its commitment to achieving carbon neutrality across the life cycle of its products by FY2050 as part of its value proposition.

In 2021, Continental AG has initiated a plan to expand production of speed sensors required for electric pump motors and vehicles at the Manesar plant.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00014274/

Growing Adoption of Electric Vehicles:

As per the IEA data, in 2020, the global electric car stock peaked the 10 million vehicle sales, a 43% increase from 2019. Electric vehicles have several sources of heat generation. However, they do not generate temperatures as high as an internal combustion engine. An electric water pump is powered by the vehicle's electrical system. There can be up to two or three water pumps in an electric vehicle. The EV control unit turns them on only when the circuit needs cooling. Thus, the rise in the number of EVs on the road is expected to drive the demand for electric coolant pumps. Further, supportive government regulations are also strengthening the demand for electric vehicles. For instance, the European Commission has set new emission guidelines for passenger cars and light commercial vehicles which will be a 37.5% decrease in carbon dioxide emissions in new cars and a 31% emission decrease for light commercial vehicles by 2030.

As electric coolant pumps help reduce carbon emissions, the implementation of stringent emission norms globally is expected to propel the electric coolant pump market growth significantly. For instance, the introduction of Euro VI and China VI pushed automotive manufacturers to employ fuel-efficient technologies such as electric coolant pumps in their electric vehicles. Increasing number of contracts and rising demand for coolant pumps are further bolstering the market growth. For instance, in April 2021, Concentric AB received a new development contract to supply electric coolant pumps for a fuel cell application. The company supplies e-pumps to many global OEMs for their hybrid and battery electric vehicles. Thus, such trends for the adoption of electric coolant pumps for the EV industry are fueling the market growth.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00014274

Global Electric Coolant Pump Market: Industry Overview

This electric coolant pump market study primarily focuses on five segments—application, power, vehicle type, propulsion type, and pump type. In terms of application, the electric coolant pump market is segmented into engine cooling and HVAC, battery and power electronics cooling, and gearbox cooling. Based on power, the electric coolant pump market is categorized into below 100 W and above 100 W. Based on vehicle type, the electric coolant pump market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. In terms of propulsion type, the electric coolant pump market is segmented into ICE, electric, and hybrid. Based on pump type, the electric coolant pump market is divided into with ECU and without ECU.

Asia Pacific is expected to witness significant growth in the coming years due to a rise in automotive manufacturing and research & development activities. Several emerging economies, such as China, South Korea, and India, are taking initiatives to gain traction among automotive OEMs and increase the number of manufacturing facilities across the region. Moreover, the increasing sales of passenger cars and the growing demand for electric vehicles are projected to boost the demand for electric coolant pumps in the next few years. Major automakers & suppliers are increasing their focus on enhancing their global footprints in target markets by boosting the production of vehicles and automotive components. For example, in 2019, Tesla started the construction of its manufacturing plant in Shanghai, China. South Korean manufacturers are also trying to catch up with large-scale investment plans in overseas production plants, which, in turn, is expected to offer new opportunities for market growth in the coming years.

Quickly Purchase Premium Copy of Electric Coolant Pump Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00014274/

Go through further research published by The Insight Partners:

Cryogenic Pump Market - The global cryogenic pump market size accounted to US$ 1.86 Bn in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period 2019 - 2027, to account to US$ 2.82 Bn by 2027.

Centrifugal Pump Market - The global centrifugal pump market size is projected to reach US$ 36,879.0 million by 2028 from US$ 25,154.3 million in 2021; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

Micropump Market - The global micropump market size is expected to reach US$ 5,172.86 million in 2028 from as estimated value of US$ 1,553.01 million in 2021. The market is likely to grow with a CAGR of 18.8% from 2021-2028.

Pumps in Solar Power Generation Market - The global pumps in solar power generation market size accounted for US$ 365.1 Mn in 2017 and is expected to grow at a CAGR of 13.5% during the forecast period 2018 – 2025, to account for US$ 987.4 Mn by 2025.

Positive Displacement Pumps Market - The global positive displacement pumps market size is expected to grow from US$ 11.5 billion in 2021 to US$ 19.2 billion by 2028 at a CAGR of 6.6% between 2021 and 2028.

Magnetic Drive Pumps Market - The global magnetic drive pumps market size is expected to grow from US$ 933.25 million in 2021 to US$ 1,584.37 million by 2028; it is estimated to grow at a CAGR of 7.9% during 2021–2028.

Patient Simulators Market - The global patient simulators market size is expected to reach US$ 2,373.1 Mn in 2025 from US$ 694.6 in 2017. The market is estimated to grow with a CAGR of 16.8% from 2018-2025.

Drone Simulator Market - The global drone simulator market size is expected to grow from US$ 615.66 million in 2021 to US$ 1,435.14 million by 2028; it is estimated to grow at a CAGR of 12.9% during 2021–2028.

Radar Simulator Market - The global radar simulator market size is projected to reach US$ 2428.34 million by 2028 from US$ 1769.86 million in 2021; it is expected to grow at a CAGR of 4.9% from 2022 to 2028.

GMP Cytokines Market - The global GMP cytokines market size is expected to reach US$ 158.13 million in 2027 from US$ 84.72 million in 2019; it is estimated to grow at a CAGR of 8.1% from 2020 to 2027.

Seam Welding Machine Market - The global seam welding machine market size was valued US$ 1,142.87 million in 2022, it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.

Nasal Irrigation Devices Market - The global nasal irrigation devices market size was valued US$ 289.30 million in 2021, it is estimated to grow at a CAGR of 18.1% from 2022 to 2028.

Laboratory Information System (LIS) Market - The global laboratory information system (LIS) market size was valued US$ 1,104.27 million in 2021, it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.

Arbitrary Waveform Generator Market - The global arbitrary waveform generator market size is expected to grow from US$ 355.3 million in 2021 to US$ 624.4 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Virtual Pipeline Systems Market - The global virtual pipeline systems market size is projected to reach US$ 1,886.83 million by 2028 from US$ 1,191.59 million in 2022; the virtual pipeline systems market is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

Lithium Compounds Market -The global lithium compounds market size is expected to grow from US$ 6.3 billion in 2021 to US$ 25.1 billion by 2028; it is estimated to grow at a CAGR of 22.0% between 2022 and 2028.

Commercial Greenhouse Market - The global commercial greenhouse market size is expected to grow from US$ 38 billion in 2022 to US$ 62 billion by 2028; it is anticipated to grow at a CAGR of 8.4% from 2022 to 2028.

Smart Coatings Market - The global smart coatings market size is expected to grow from US$ 5.5 billion in 2021 to US$ 23.1 billion by 2028 at a CAGR of 24.2% between 2022 and 2028.

Self-healing Materials Market – The global self-healing materials market size is expected to grow from US$ 435 million in 2021 to US$ 2,100 million by 2028 at a CAGR of 27% between 2022 and 2028.

Microencapsulation Market - The global microencapsulation market size accounted for ~US$ 7.5 billion in 2021 and is projected to reach US$ 17.5 billion by 2028; it is estimated to grow at a CAGR of 11.2% between 2022 and 2028.

Coconut Derivatives Market - The global coconut derivatives market size accounted for approximately US$ 14 billion in 2022 and is projected to exceed US$ 23 billion by 2028; it is anticipated to grow at a CAGR of 9.2% between 2022 and 2028.

Biopesticides Market - The global biopesticides market size is expected to grow from US$ 4,600 million in 2022 to US$ 14,000 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.

Bioethanol Market – The global bioethanol market size is expected to grow from US$ 110 billion in 2022 to more than US$ 190 billion by 2028 at a CAGR of 9.5% between 2022 and 2028.

Bioadhesives Market - The global bioadhesives market size is expected to grow from US$ 700 million in 2022 to US$ 1080 million by 2028; it is estimated to grow at a CAGR of 7.5% between 2022 and 2028.

Bioactive Materials Market -The global bioactive materials market size is expected to grow from US$ 2,000 Million in 2022 to US$ 5,500 Million by 2028, with an estimated CAGR of 13.0% from 2022 to 2028.

Advanced Composites Market - The global advanced composites market size is expected to grow from US$ 36.1 billion in 2021 to US$ 68.9 billion by 2028; it is expected to grow at a CAGR of 9.1% from 2022 to 2028.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/electric-coolant-pump-market

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg

SOURCE The Insight Partners

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED