At 17.6% CAGR, the Asia Pacific Electric Coolant Pump Market is projected to be worth US$ 2,307.06 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific electric coolant pump market was valued at US$ 870.38 million in 2022 and is expected to reach US$ 2307.06 million by 2028, registering an annual growth rate of 17.6% from 2022 to 2028. Usages of electric coolant pumps over mechanical pumps and rise in production of vehicles and rise in demand for eco-friendly vehicles.

Developments in integrating the coolant pumps with add-on featured devices and components are augmenting the sale of electric coolant pumps. Robert Bosch GmbH has a large number of product offerings under electric coolant pumps. Their PCE coolant pump is an electric centrifugal pump. Its speed can be controlled via a pulse width modulation (PWM) or a Local Interconnect Network (LIN) interface and has 30,000 hours operation time permits for use in hybrid and electric vehicles. Robert Bosch GmbH also provides PAD2 electric coolant pumps for supporting the heater circuit, residual heat utilization, and component cooling for turbochargers and charge air coolers. MAHLE GmbH offers a 12V pump with up to 800 watts of electrical power consumption and a 24V pump with up to 1 kilowatt (kW). It also provides a brushless electric motor, and the bearing concept ensures maintenance-free operation with high reliability. Moreover, it offers directly cooled electronics that allow maximum power utilization. Technological advancements in the electric coolant pumps are further strengthening the demand for electric coolant pumps. For instance, in December 2019, Pierburg developed a three-phase sensor less commutated water circulation pump for use in electric vehicles in which the noise emission of the pumps has been kept at a very low level. The development in ceramic seal material is also posing a potential opportunity for the electric coolant pump market. The ceramic material is used to make ceramic mechanical seal owing to its competitive features such as mechanical, thermal, and electrical characteristics. This is expected to drive the market during the forecast period.

On the contrary, temperature challenges and high installation and maintenance charges hurdles the growth of Asia Pacific electric coolant pump market.

Based on application, the Asia Pacific electric coolant pump market is categorized into engine cooling & HVAC, battery & power electronics cooling, and gearbox cooling. The engine cooling & HVAC segment held 73.5% market share in 2022, amassing US$ 640.01 million. It is projected to garner US$ 1,673.79 million by 2028 to expand at 17.4% CAGR during 2022–2028.

Based on power, the Asia Pacific electric coolant pump market is bifurcated into below 100 W and above 100 W. The Below 100 W segment held 65.2% market share in 2022, amassing US$ 567.48 million. It is projected to garner US$ 1,475.20 million by 2028 to expand at 17.3% CAGR during 2022–2028.

Based on vehicle type, the Asia Pacific electric coolant pump market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held 76.4% market share in 2022, amassing US$ 665.29 million. It is projected to garner US$ 1,740.64 million by 2028 to expand at 17.4% CAGR during 2022–2028.

Based on propulsion type, the Asia Pacific electric coolant pump market is categorized into ICE, electric, and hybrid. The ICE segment held 70.2% market share in 2022, amassing US$ 611.32 million. It is projected to garner US$ 1,519.77 million by 2028 to expand at 16.4% CAGR during 2022–2028.

Based on pump type, the Asia Pacific electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held 87.2% market share in 2022, amassing US$ 758.87 million. It is projected to garner US$ 1,948.26 million by 2028 to expand at 17.0% CAGR during 2022–2028

Based on country, the Asia Pacific electric coolant pump market has been categorized into the China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Our regional analysis states that China captured 62.3% market share in 2022. It was assessed at US$ 542.60million in 2022 and is likely to hit US$ 1,452.09 million by 2028, exhibiting a CAGR of 17.8% during the forecast period.

Key players dominating the Asia Pacific electric coolant pump market are Aisin Seiki Co. Ltd.; Continental AG; Hanon Systems; Hitachi Automotive Systems, LTD.; Johnson Electric Holdings Limited; Mahle GmbH; Rheinmetall Automotive AG; Robert Bosch GmbH; GMB CORPORATION; and VOVYO Technology Co. Ltd among others.

• In Mar 2022, Hanon Systems Expands Thermal Management Production to Support Growth in Electrified Vehicles.
• In June 2022, Johnson Electric Holdings Limited was included in Automotive News.

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