Electric Coolant Pump Market

The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024 at a CAGR of 12.8%  during the forecast period. The base year for the report is 2023, and the forecast period is from 2024 to 2030.

The Electric Coolant Pump Market is highly competitive.

The market is poised for rapid expansion due to enforcing stringent emission regulations globally, aiming to adhere to carbon limits. Additionally, the increasing adoption of electric coolant pumps in Internal Combustion Engines (ICEs) for auxiliary purposes bolsters global production. With turbocharged engines equipped with electric coolant pumps to enhance cooling efficiency, the rising sales of these turbocharged vehicles are expected to drive market growth during the forecast period. Furthermore, the surging demand for electric vehicles, which incorporate multiple electric coolant pumps for improved performance, is projected to stimulate market growth further. The attractive government incentives to promote electromobility and establish a robust charging infrastructure are crucial to this market's advancement. Moreover, the increasing adoption of 48V vehicle architecture and advancements in high-power electric coolant pumps are anticipated to propel market growth.

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They are actively pursuing strategies such as innovating new products and pursuing strategic expansions through collaborations, partnerships, and mergers & acquisitions. These efforts aim to capitalize on the increasing demand for electric coolant pumps globally.

Rheinmetall Automotive AG(Germany):

Rheinmetall Automotive AG is a significant player in the electric coolant pump market, supplying these pumps for various vehicles, including pure electric, hybrid, and 48V models. The company offers a diverse portfolio of electric coolant pumps tailored to suit small, medium, and high-performance applications. Rheinmetall Automotive secured numerous supply contracts from OEMs between 2019 and 2023. For instance, in November 2023, a renowned international automaker awarded the company a mega contract for two million WUP3 electric coolant pumps for eight years. Additionally, in June 2023, Rheinmetall Automotive AG secured a multi-million-dollar contract for CWA2000 high-voltage electric coolant pumps, set to commence by 2026.

Robert Bosch GmbH (Germany):

Robert Bosch GmbH is also a prominent player in the electric coolant pump market. The company operates within the mobility solutions segment and supplies electric coolant pumps for Internal Combustion engines (ICE) and electric vehicles. In February 2019, Bosch unveiled a new electric coolant pump, the ECP 160, designed to replace mechanical pumps in combustion engines while also suitable for applications such as battery, electric motor, or inverter cooling. With a presence in approximately 60 countries and a robust sales network, Bosch is adept at addressing regional demands effectively.

Continental AG (Germany)

Continental AG is one of the critical players in the electric coolant pump market. Continental AG operates through four segments: Automotive, Tires, ContiTech, and Contract Manufacturing. The Automotive segment is divided into two subsegments: Autonomous Mobility & Safety and Vehicle Networking & Information. The company has a strong emphasis on research and development. For instance, in 2022, the company has invested around 7% of its total revenue in R&D activities. The company has an operational presence in 57 countries across 519 locations for production, research and development, and administration. Also, Continental AG has secured numerous supply contracts from OEMs for electric coolant pumps. For instance, in October 2023, Continental AG has won a supply contract of electric coolant pump worth USD 7million value for Indian electric buses.

Denso Corporation:

Denso Corporation operates in business segments such as thermal systems, powertrain systems, mobility systems, electrification systems, and sensors and semiconductors. The company provides electric coolant pumps through its thermal system segment. It offers air conditioning systems for cars and buses, truck refrigeration units, radiators, and cooling systems such as electric coolant pumps. The company operates in North America, South America, Japan, Europe, and Asia Pacific, with 220 subsidiaries worldwide. Denso’s thermal system business contributes around 23.6% to the total revenue. In 2020, Denso Corporation established a new product innovation center in Japan to conduct advanced research and development, prototype, and launch newly developed automotive products. Denso Corporation launched the ‘Everycool’ system in September 2023 for commercial vehicles when their engine is off. The company supplies its products to top automobile manufacturers such as Toyota (Japan), Honda (Japan), and Mitsubishi (Japan).

MAHLE GmbH (Germany):

MAHLE GmbH is a prominent player in the electric coolant pump market. The electronics and mechatronics segment develops electric coolant pumps for modern passenger and commercial vehicles. The company operates in all major regions, including North America, Europe, and Asia Pacific; the European region is the highest contributor to the company’s revenue. MAHLE has production facilities in 160 locations and 12 major R&D centers across Europe, Africa, North America, and Asia Pacific. Strategic partnerships, collaborations, mergers, and acquisitions help expand the company and reach products and services globally. In January 2020, MAHLE GmbH acquired Behr Hella Service to ensure a high level of availability and short delivery times and respond flexibly to rising volumes.  The company supplies its products to leading automobile manufacturing companies, including BMW, General Motors, Volkswagen, and Chrysler.

Related Reports:

Electric Coolant Pump Market by Type (Sealed, Sealless), Sealless (Electrical, Magnetic), Power Output (<150W, 150-200 W, >250 W), 48V & Electric Vehicle Type, Communication Interface (LIN, CAN, PWM), Application and Region - Global Forecast to 2030

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