At 16.7% CAGR, the Europe Electric Coolant Pump Market is projected to be worth US$ 936.96 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe electric coolant pump market was valued at US$ 371.48 million in 2022 and is expected to reach US$ 936.96 million by 2028, registering an annual growth rate of 16.7% from 2022 to 2028. Benefits of electric coolant pumps over mechanical pumps and growth in production of vehicles and rise in demand for eco-friendly vehicles.

Electric coolant pumps supply coolants to vehicle components such as engines, power electronics, gearboxes, and batteries in thermal management systems. These coolant pumps deliver efficient cooling even at higher engine speeds with high engine loads, which is leveraging the adoption of electric coolant pumps in automobiles. Electric coolant pumps use a battery system as a power source, which is highly efficient with respect to emissions, making them the most preferred solution for various electric and hybrid automotive vehicles. However, mechanical pumps are belt-driven pumps that run on mechanical and rotational energy from the engine provided in the form of a spinning rubber belt and use it to drive an internal pump mechanism. The electric coolant pump consumes a small amount of energy to perform the cooling function. It takes the 12V output from the car battery and supplies coolant to the engine of the vehicle. Also, there is no energy loss while using the electric coolant pump. The constant electric power results in an uninterruptible supply of coolant to the engine. However, the mechanical pump extracts energy from the crankshaft, which is then transferred to the belt and pulley system and finally to the pump. Hence, the true power from the crankshaft is never fully transferred to the coolant pump. Moreover, the mechanical coolant pump has several moving parts, which results in friction and the production of heat inside the engine bay. On the other hand, the electric pump has fewer moving parts, and it comes in ideal packaging, saving space and reducing friction. Thus, the advantages of the electric coolant pumps over the mechanical pumps are aiding the market growth. This is expected to drive the market during the forecast period.

On the contrary, temperature challenges and high installation and maintenance expenses hurdles the growth of Europe electric coolant pump market. 

Based on application, the Europe electric coolant pump market is categorized into engine cooling & HVAC, battery & power electronics cooling, and gearbox cooling. The engine cooling & HVAC segment held 76.5% market share in 2022, amassing US$ 284.32 million. It is projected to garner US$ 709.40 million by 2028 to expand at 16.5% CAGR during 2022–2028.    

Based on power, the Europe electric coolant pump market is bifurcated into below 100 W and above 100 W. The Below 100 W segment held 68.9% market share in 2022, amassing US$ 255.93 million. It is projected to garner US$ 636.27 million by 2028 to expand at 16.4% CAGR during 2022–2028.

Based on vehicle type, the Europe electric coolant pump market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held 77.8% market share in 2022, amassing US$ 288.92 million. It is projected to garner US$ 721.46 million by 2028 to expand at 16.5% CAGR during 2022–2028.

Based on propulsion type, the Europe electric coolant pump market is categorized into ICE, electric, and hybrid. The ICE segment held 69.5% market share in 2022, amassing US$ 258.26 million. It is projected to garner US$ 611.83 million by 2028 to expand at 15.5% CAGR during 2022–2028.

Based on pump type, the Europe electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held 89.8% market share in 2022, amassing US$ 333.54 million. It is projected to garner US$ 826.21 million by 2028 to expand at 16.3% CAGR during 2022–2028

Based on country, the Europe electric coolant pump market has been categorized into the Germany, France, UK, Italy, Russia, and Rest of Europe.  Our regional analysis states that Rest of Europe captured 29.0% market share in 2022. It was assessed at US$ 107.81 million in 2022 and is likely to hit US$ 270.30 million by 2028, exhibiting a CAGR of 16.6% during the forecast period.            

Key players dominating the Europe 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 July 2022, AISIN Declares to Acquire SBT Certification.
• In Aug 2019, Continental AG is expanding its speed sensors.

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