Report : North America Electric Coolant Pump Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Drop-In bedliners, Spray-On bedliners, and Others) and Material (Polyurethane, Aluminium Carpet, and Others)
At 15.8% CAGR, the North America Electric Coolant Pump Market is speculated to be worth US$ 761.29 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America electric coolant pump market was valued at US$ 314.00 million in 2022 and is expected to reach US$ 761.29 million by 2028, registering an annual growth rate of 15.8% from 2022 to 2028. Advantages of electric coolant pumps over mechanical pumps and increase 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 many 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 costs hurdles the growth of North America electric coolant pump market.
Based on application, the North America electric coolant pump market is categorized into engine cooling & HVAC, battery & power electronics cooling, and gearbox cooling. The engine cooling & HVAC segment held 71.3% market share in 2022, amassing US$ 223.79 million. It is projected to garner US$ 534.21 million by 2028 to expand at 15.5% CAGR during 2022–2028.
Based on power, the North America electric coolant pump market is bifurcated into below 100 W and above 100 W. The Below 100 W segment held 62.5% market share in 2022, amassing US$ 196.16 million. It is projected to garner US$ 458.77 million by 2028 to expand at 15.1% CAGR during 2022–2028.
Based on vehicle type, the North America electric coolant pump market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held 74.1% market share in 2022, amassing US$ 232.73 million. It is projected to garner US$ 555.67 million by 2028 to expand at 15.5% CAGR during 2022–2028.
Based on propulsion type, the North America electric coolant pump market is categorized into ICE, electric, and hybrid. The ICE segment held 68.6% market share in 2022, amassing US$ 215.46 million. It is projected to garner US$ 489.68 million by 2028 to expand at 13.0% CAGR during 2022–2028.
Based on pump type, the North America electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held 90.1% market share in 2022, amassing US$ 282.96 million. It is projected to garner US$ 665.25 million by 2028 to expand at 15.2% CAGR during 2022–2028
Based on country, the North America electric coolant pump market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.3% market share in 2022. It was assessed at US$ 233.18 million in 2022 and is likely to hit US$ 574.97 million by 2028, exhibiting a CAGR of 16.1% during the forecast period.
Key players dominating the North America 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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