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
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Electric Coolant Pump For Passenger Cars Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.33% |
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YoY growth 2022-2023 (%) |
15.15 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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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
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Contact US:
Technavio Research
Jesse Maida
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Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
