Asia Pacific Electric Coolant Pump Market Forecast to 2028

Report Code : BMIRE00027627 | Region : Asia Pacific | Industry : Automotive and Transportation | Published Date : 21/Dec/2022
Asia Pacific 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)

The electric coolant pump market in Asia Pacific is expected to grow from US$ 870.38 million in 2022 to US$ 2,307.06 million by 2028; it is estimated to grow at a CAGR of 17.6% from 2022 to 2028.

Growth in Number for Electric Vehicles

Electric vehicles have several sources of heat generation. However, they do not generate temperatures as high as an internal combustion engine. An electric water pump is powered by the vehicle’s electrical system. There can be up to two or three water pumps in an electric vehicle. The EV control unit turns them on only when the circuit needs cooling. Thus, the rise in the number of EVs on the road is expected to drive the demand for electric coolant pumps. The supportive government regulations is also strengthening the demand for electric vehicles. As electric coolant pumps help reduce carbon emissions, the implementation of stringent emission norms globally is expected to propel the electric coolant pump industry growth significantly. For instance, the introduction of Euro VI and China VI pushed automotive manufacturers to employ fuel-efficient technologies such as electric coolant pumps in their electric vehicles. The increase in number of contracts and rising demand for coolant pumps is further bolstering the market growth. For instance, in April 2022, Concentric AB received a new development contract to supply electric coolant pumps for a fuel cell application. As the company supply e-pumps to many global OEMs for their hybrid and battery electric vehicles it is further propelling the demand for more electric coolant pumps. Thus, such trends for the adoption of electric coolant pumps for the EV industry are fueling the market growth.

Market Overview

Asia Pacific is expected to witness significant growth in the coming years due to a rise in automotive manufacturing and research & development activities. Several emerging economies, such as China, South Korea, and India, are taking initiatives to gain traction among automotive OEMs and increase the number of manufacturing facilities across the region. Moreover, the increasing sales of passenger cars and the growing demand for electric vehicles are projected to boost the demand for electric coolant pumps over the next few years. Major automakers & suppliers are increasing their focus on enhancing their global footprints in target markets by boosting the production of vehicles and automotive components. For example, in 2019, Tesla started the construction of its manufacturing plant in Shanghai, China. South Korean manufacturers are also making efforts to catch up with large-scale investment plans in overseas production plants, which, in turn, is expected to offer new opportunities for market growth in the coming years.

Asia Pacific Electric coolant pump Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Electric coolant pump market Segmentation

The Asia Pacific electric coolant pump market is segmented on the basis of application, power, vehicle type, propulsion type, pump type, and country. Based on application, the Asia Pacific electric coolant pump market is segmented into engine cooling & HVAC, battery & power electronics cooling, and gearbox cooling. The engine cooling & HVAC segment held the largest market share in 2022.

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 a larger market share in 2022.

Based on vehicle type, the Asia Pacific electric coolant pump market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held the largest market share in 2022.

Based on propulsion type, the Asia Pacific electric coolant pump market is segmented into ICE, electric, and hybrid. The ICE segment held the largest market share in 2022.

Based on pump type, the Asia Pacific electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held a larger market share in 2022.

Based on country, the Asia Pacific electric coolant pump market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the market share in 2022.

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 are the leading companies operating in the Asia Pacific electric coolant pump market.

● 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

● VOVYO Technology Co. Ltd

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electric Coolant Pump Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Electric Coolant Pump Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Usages of Electric Coolant Pumps Over Mechanical Pumps

5.1.2 Rise in Production of Vehicles and Rise in Demand for Eco-Friendly Vehicles

5.2 Market Restraints

5.2.1 Temperature Challenges and High Installation and Maintenance Charges

5.3 Market Opportunities

5.3.1 Amalgamation of Innovative Features in Electric Coolant Pumps

5.4 Future Trends

5.4.1 Growth in Number for Electric Vehicles

5.5 Impact analysis of Drivers and Restraints

6. Electric Coolant pump – APAC Market Analysis

6.1 APAC Electric Coolant Pump Market Overview

6.2 APAC Electric Coolant Pump Market Revenue Forecast and Analysis

7. APAC Electric Coolant Pump Market Analysis – By Application

7.1 Overview

7.2 Electric Coolant Pump Market, By Application (2021 And 2028)

7.3 Engine Cooling and HVAC

7.3.1 Overview

7.3.2 Engine Cooling and HVAC: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

7.4 Battery and Power Electronics Cooling

7.4.1 Overview

7.4.2 Battery and Power Electronics Cooling: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

7.5 Gearbox Cooling

7.5.1 Overview

7.5.2 Gearbox Cooling: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

8. APAC Electric Coolant Pump Market Analysis – By Power

8.1 Overview

8.2 Electric Coolant Pump Market, By Power (2021 And 2028)

8.3 Below 100 W

8.3.1 Overview

8.3.2 Below 100 W: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

8.4 Above 100 W

8.4.1 Overview

8.4.2 Above 100 W: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

9. APAC Electric Coolant Pump Market Analysis – By Vehicle Type

9.1 Overview

9.2 Electric Coolant Pump Market, By Vehicle Type (2021 and 2028)

9.3 Passenger Cars

9.3.1 Overview

9.3.2 Passenger Cars: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

9.4 Light Commercial Vehicles

9.4.1 Overview

9.4.2 Light Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

9.5 Heavy Commercial Vehicles

9.5.1 Overview

9.5.2 Heavy Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

10. APAC Electric Coolant Pump Market Analysis – By Propulsion Type

10.1 Overview

10.2 Electric Coolant Pump Market, By Propulsion Type (2021 And 2028)

10.3 ICE

10.3.1 Overview

10.3.2 ICE: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

10.4 Electric

10.4.1 Overview

10.4.2 Electric: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

10.5 Hybrid

10.5.1 Overview

10.5.2 Hybrid: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

11. APAC Electric Coolant Pump Market Analysis – By Pump Type

11.1 Overview

11.2 Electric Coolant Pump Market, By Pump Type (2021 And 2028)

11.3 With ECU

11.3.1 Overview

11.3.2 With ECU: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

11.4 Without ECU

11.4.1 Overview

11.4.2 Without ECU: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)

12. APAC Electric Coolant Pump Market – by Country Analysis

12.1 Asia Pacific: Electric Coolant Pump Market

12.1.1 Overview

12.1.2 Asia Pacific Electric Coolant Pump Market Breakdown, by Country

12.1.2.1 China Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.1.1 China Electric Coolant Pump Market Breakdown, By Application

12.1.2.1.2 China Electric Coolant Pump Market Breakdown, By Power

12.1.2.1.3 China Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.1.4 China Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.1.5 China Electric Coolant Pump Market Breakdown, By Pump Type

12.1.2.2 Japan Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.2.1 Japan Electric Coolant Pump Market Breakdown, By Application

12.1.2.2.2 Japan Electric Coolant Pump Market Breakdown, By Power

12.1.2.2.3 Japan Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.2.4 Japan Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.2.5 Japan Electric Coolant Pump Market Breakdown, By Pump Type

12.1.2.3 India Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.3.1 India Electric Coolant Pump Market Breakdown, By Application

12.1.2.3.2 India Electric Coolant Pump Market Breakdown, By Power

12.1.2.3.3 India Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.3.4 India Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.3.5 India Electric Coolant Pump Market Breakdown, By Pump Type

12.1.2.4 South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.4.1 South Korea Electric Coolant Pump Market Breakdown, By Application

12.1.2.4.2 South Korea Electric Coolant Pump Market Breakdown, By Power

12.1.2.4.3 South Korea Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.4.4 South Korea Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.4.5 South Korea Electric Coolant Pump Market Breakdown, By Pump Type

12.1.2.5 Australia Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.5.1 Australia Electric Coolant Pump Market Breakdown, By Application

12.1.2.5.2 Australia Electric Coolant Pump Market Breakdown, By Power

12.1.2.5.3 Australia Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.5.4 Australia Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.5.5 Australia Electric Coolant Pump Market Breakdown, By Pump Type

12.1.2.6 Rest of Asia Pacific Electric Coolant Pump Market, Revenue and Forecast to 2028

12.1.2.6.1 Rest of Asia Pacific Electric Coolant Pump Market Breakdown, By Application

12.1.2.6.2 Rest of Asia Pacific Electric Coolant Pump Market Breakdown, By Power

12.1.2.6.3 Rest of Asia Pacific Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.6.4 Rest of Asia Pacific Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.6.5 Rest of Asia Pacific Electric Coolant Pump Market Breakdown, By Pump Type

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

14. Company Profiles

14.1 AISIN SEIKI Co. Ltd.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Continental AG

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Hanon Systems

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Hitachi Automotive Systems, LTD.

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Johnson Electric Holdings Limited

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Mahle GmbH

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Rheinmetall Automotive AG

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Robert Bosch GmbH

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 GMB CORPORATION

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 VOVYO Technology Co., Ltd.

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES.

Table 1.             APAC Electric coolant pump Market Revenue Forecast and Forecast to 2028 (US$ Million)

Table 2.             Asia Pacific Electric Coolant Pump Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 3.             China Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 4.             China Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 5.             China Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 6.             China Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 7.             China Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 8.             China Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 9.             CHINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 10.          China Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 11.          China Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 12.          China Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 13.          Japan Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 14.          Japan Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 15.          Japan Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 16.          Japan Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 17.          Japan Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 18.          Japan Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 19.          JAPAN Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 20.          Japan Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 21.          Japan Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 22.          Japan Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 23.          India Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 24.          India Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 25.          India Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 26.          India Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 27.          India Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 28.          India Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 29.          INDIA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 30.          India Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 31.          India Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 32.          India Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 33.          South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 34.          South Korea Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 35.          South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 36.          South Korea Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 37.          South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 38.          South Korea Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 39.          South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 40.          South Korea Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 41.          South Korea Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 42.          South Korea Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 43.          Australia Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 44.          Australia Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 45.          Australia Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 46.          Australia Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 47.          Australia Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 48.          Australia Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 49.          AUSTRALIA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 50.          Australia Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 51.          Australia Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 52.          Australia Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 53.          Rest of Asia Pacific Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 54.          Rest of Asia Pacific Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)

Table 55.          Rest of Asia Pacific Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)

Table 56.          Rest of Asia Pacific Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)

Table 57.          Rest of Asia Pacific Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)

Table 58.          Rest of Asia Pacific Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)

Table 59.          REST OF ASIA PACIFIC Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)

Table 60.          Rest of Asia Pacific Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)

Table 61.          Rest of Asia Pacific Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)

Table 62.          Rest of Asia Pacific Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)

Table 63.          List of Abbreviation

● 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

● VOVYO Technology Co. Ltd

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific electric coolant pump market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific electric coolant pump market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific electric coolant pump market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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