North America Electric Coolant Pump Market Forecast to 2028

Report Code : BMIRE00027664 | Region : North America | Industry : Automotive and Transportation | Published Date : 21/Dec/2022
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)

The electric coolant pump market in North America is expected to grow from US$ 314.00 million in 2022 to US$ 761.29 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.

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

The automobile industry is one of the pillars of the global economy. It is the main driver of technological advancement, macroeconomic growth, and stability in developed and developing countries, spanning many adjacent industries. The core automotive industry supports a wide range of business segments—upstream, core automotive, and downstream. Government regulations, country’s GDP, and purchasing power of consumers are among the prominent factors influencing the evolution and momentum of the automotive industry. The government’s policies to promote electric vehicle sales in the automotive industry play a crucial role in the demand of electric vehicles, influencing vehicle production. As per the data published by the International Organization of Motor Vehicle Manufacturers (OICA) statistics, in the pre-COVID scenario, the production and sales of automotive vehicles were increasing at a faster pace, owing to growth in country’s GDP and rise in consumer spending. However, the pandemic hampered the country’s GDP as well as the spending power of the consumers, which eventually impacted the buying trend of automotive in 2020. However, in 2022, with ease in restrictions and reopening of business activities, the production and sales witnessed an abrupt increase which depicts a potential demand for electric coolant pumps.

Market Overview

North American countries, such as the US, Canada, and Mexico, are very advanced in adopting coolant pump solutions in passenger cars and light commercial vehicles. The demand for electric coolant pumps is increasing as they provide high reliability and save fuel. Several benefits, such as fast cooling ability and fuel efficiency, are expected to influence automobile manufacturers over the forecast period resulting in significant market growth. According to the US Department of Energy, the sales of new light-duty plug-in electric vehicles, including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), doubled from 308,000 units in 2020 to 608,000 units in 2022. Further, top US automaker Ford Motor Co. has announced a plan to spend US$ 11.4 billion on battery & electric vehicle manufacturing. These investment plans are expected to positively impact the electric coolant pump market during the forecast period.

North America Electric coolant pump Market Revenue and Forecast to 2028 (US$ Million)

North America Electric coolant pump market Segmentation

The North America electric coolant pump market is segmented on the basis of application, power, vehicle type, propulsion type, pump type, and country. Based on application, the North America 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 North America 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 North America 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 North America 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 North America 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 North America electric coolant pump market is segmented into the US, Canada, and Mexico. The US 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 North America 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. North America Electric Coolant Pump Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Electric Coolant Pump Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Advantages of Electric Coolant Pumps Over Mechanical Pumps

5.1.2 Increase 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 Costs

5.3 Market Opportunities

5.3.1 Integration of Innovative Features in Electric Coolant Pumps

5.4 Future Trends

5.4.1 Increase in Number for Electric Vehicles

5.5 Impact analysis of Drivers and Restraints

6. Electric Coolant pump – North America Market Analysis

6.1 North America Electric Coolant Pump Market Overview

6.2 North America Electric Coolant Pump Market Revenue Forecast and Analysis

7. North America 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. North America 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. North America 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. North America 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. North America 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. North America Electric Coolant Pump Market – by Country Analysis

12.1 North America: Electric Coolant Pump Market

12.1.1 Overview

12.1.2 North America Electric Coolant Pump Market Breakdown, by Country

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

12.1.2.1.1 US Electric Coolant Pump Market Breakdown, By Application

12.1.2.1.2 US Electric Coolant Pump Market Breakdown, By Power

12.1.2.1.3 US Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.1.4 US Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.1.5 US Electric Coolant Pump Market Breakdown, By Pump Type

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

12.1.2.2.1 Canada Electric Coolant Pump Market Breakdown, By Application

12.1.2.2.2 Canada Electric Coolant Pump Market Breakdown, By Power

12.1.2.2.3 Canada Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.2.4 Canada Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.2.5 Canada Electric Coolant Pump Market Breakdown, By Pump Type

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

12.1.2.3.1 Mexico Electric Coolant Pump Market Breakdown, By Application

12.1.2.3.2 Mexico Electric Coolant Pump Market Breakdown, By Power

12.1.2.3.3 Mexico Electric Coolant Pump Market Breakdown, By Vehicle Type

12.1.2.3.4 Mexico Electric Coolant Pump Market Breakdown, By Propulsion Type

12.1.2.3.5 Mexico 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.             North America Electric coolant pump Market Revenue Forecast and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 33.          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 North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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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