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Automotive Electric Coolant Pumps Market - Introduction

An automotive electric coolant pump is a major auxiliary device used in the vehicle to cool the components of the power train and other accessories such as battery, electronic circuits, and cabin heating. R/conventional pumps are different from electric coolant pumps, as the conventional pumps utilized for engine cooling are toothed-belt driven and consequently, the resultant output generated is coupled to the engine RPM (Revolution per minute). The electric coolant pump ensures sufficient cooling at lower RPMs at high engine loads & vice-versa and at elevated external temperature. The electric coolant pump is employed along with thermal management system of the IC engine (internal combustion engine) for delivering additional benefits.

The automotive electric coolant pump can provide on-demand cooling, especially during cold-start, which saves fuel and leads to reduction in emission. This can also lead to enhanced air conditioning in the passenger compartment, which in turn can provide more comfort to the passengers and driver.

Automotive Electric Coolant Pumps Market – Competitive Landscape

Continental AG

Continental AG was founded in 1871, and currently has its headquarters in Hanover, Germany. Continental AG is a leading supplier of components in the automobile industry. The company operates through two major groups: automotive group and rubber group, which is further divided into various business verticals such as powertrain, chassis & safety, interior, tires and services. The company has a global presence and operates through several locations across the Americas, Africa, Europe, and Middle East & Africa. The company also provides various types automotive cooling components such as coolant pumps, fans, and compressors.

SANHUA Automotive

SANHUA Automotive was founded in 1987. The company’s headquarters are located in Hangzhou, China. The company operates as a branch of SANHUA HOLDING GROUP, which was founded in 1984, and provides cooling solutions to the automotive and commercial industries. It specializes in offering solutions for temperature control products, subsystems, system solutions for HVAC, home appliances, and for automotive thermal management. SANHUA Automotive has three engineering centers located in China, North America, and Europe along with three manufacturing units located in India, China and Mexico.  

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Pierburg GMBH

Pierburg GMBH was founded in 1909, presently, it has headquarters in Neuss, Germany. The company is part of the Rheinmetall Group. The Rheinmetall Group was founded in 1889 and is a key player in the automotive and defense industries. It operates through six different divisions. PIERBURG GMBH is a top tier supplier in the automotive industry. It provides diverse solutions/products including actuators, automotive emission systems, commercial diesel systems, pump technology, solenoid valves, and variable valve trains.

Magna International Inc.

Magna International Inc. was founded in 1957 and currently its headquarters are located in Ontario, Canada. The company is a major supplier of new technological and body components for the automotive industry. It has over 174,000 employees working across 338 manufacturing units and 89 product development plants spread in more than 28 countries worldwide. The company operates majorly in body exteriors & structures, power & vision, ADAS & automated driving, seating systems.

Robert Bosch GmbH

Robert Bosch GmbH was founded in 1886, with headquarters in Gerlingen, Germany. The company operates across four major business segments: consumer goods (including household appliances and power tools), mobility (hardware and software), industrial technology (including drive and control), and energy and building technology. Under the mobility segment, the company offers diverse products including electric motor, brake shoes, lightings, and display systems.

Rising demand for vehicles globally

Rising demand for vehicles, globally, is a major factor driving the automotive electric coolant pumps market. Moreover, the demand for vehicles is increasing consistently, as Europe, Asia Pacific, and North America are major producers and consumers of automobiles globally. The disposable income and per capita income of people in these regions are increasing, which in turn is driving sales of vehicles. Sales and production of vehicles are projected to directly impact the demand for automotive electric coolant pumps during the forecast period.

Increase in demand for efficient and eco-friendly vehicles

Increase in demand for eco-friendly and fuel-efficient vehicles is a major factor boosting the automotive electric coolant pumps market. Rising prices of conventional fuel and the depletion of fossil fuel resources are prompting customers to switch from conventional fuel driven vehicles to eco-friendly vehicles. Conventional fuel powered vehicles emit hazardous gases, which are harmful for humans and the environment. Consequently, several countries have enacted various laws and norms for vehicle emissions. Automotive electric coolant pumps reduce emission in vehicles. This is also a key factor that is projected to propel the automotive electric coolant pumps market during the forecast period.

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Automotive Electric Coolant Pumps Market – Segmentation

The global automotive electric coolant pumps market can be segmented based on:

  • Power
  • Fuel Type
  • Sales Channel
  • Vehicle Type

Automotive Electric Coolant Pumps Market – By Power

Based on power, the automotive electric coolant pumps market can be classified into:

  • Less than 50W
  • 50W-100W
  • 100W-400W
  • More than 400W

Automotive Electric Coolant Pumps Market – By Fuel Type

Based on fuel type, the automotive electric coolant pumps market can be split into:

  • Conventional Fuel
  • Electric
  • Hybrid

Automotive Electric Coolant Pumps Market – By Sales Channel

Based on sales channel, the automotive electric coolant pumps market can be bifurcated into:

  • OEM
  • Aftermarket

Automotive Electric Coolant Pumps Market – By Vehicle Type

Based on vehicle type, the automotive electric coolant pumps market can be segregated into:

  • Passenger Vehicle
  • Commercial Vehicle
  • Autonomous & Semi-Autonomous Vehicles
  • Electric Vehicles

The report on automotive electric coolant pumps market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The automotive electric coolant pumps market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The automotive electric coolant pumps market report also maps the qualitative impact of various market factors on automotive electric coolant pumps market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Electric Coolant Pumps Market

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