The electric coolant pump market in South America is expected to grow from US$ 96.24 million in 2021 to US$ 211.46 million by 2028; it is estimated to grow at a CAGR of 14.0 from 2021 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 2021, 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
South American emerging markets, such as Brazil, Colombia, and Argentina, are rapidly evolving with the constantly expanding automotive sector. The rising demand for passenger cars, LCVs, and the development of smart mobility solutions are boosting the south America market. According to the automakers association, Anfavea Brazilian automotive industry production increased to 11.4% in March 2022, totaling 184,786 units. Thus, the growing auto production is expected to bolster the demand for electric coolant pumps in this region over the forecast period.
South America Electric coolant pump Market Revenue and Forecast to 2028 (US$ Million)
South America Electric coolant pump market Segmentation
The South 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 South 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 2021.
Based on power, the South 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 2021.
Based on vehicle type, the South 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 2021.
Based on propulsion type, the South America electric coolant pump market is segmented into ICE, electric, and hybrid. The ICE segment held the largest market share in 2021.
Based on pump type, the South America electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held a larger market share in 2021.
Based on country, the South America electric coolant pump market is segmented into the Brazil, Argentina, and Rest of South America. The Brazil dominated the market share in 2021.
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 South America electric coolant pump market.
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. SAM Electric Coolant Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM 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 – SAM Market Analysis
6.1 SAM Electric Coolant Pump Market Revenue Forecast and Analysis
7. SAM 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. SAM 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. SAM 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. SAM 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. SAM 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. SAM Electric Coolant Pump Market – by Country Analysis
12.1 South America: Electric Coolant Pump Market
12.1.1 Overview
12.1.2 SAM Electric Coolant Pump Market Breakdown, by Country
12.1.2.1 Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.1.1 Brazil Electric Coolant Pump Market Breakdown, By Application
12.1.2.1.2 Brazil Electric Coolant Pump Market Breakdown, By Power
12.1.2.1.3 Brazil Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.1.4 Brazil Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.1.5 Brazil Electric Coolant Pump Market Breakdown, By Pump Type
12.1.2.2 ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.2.1 ARGENTINA Electric Coolant Pump Market Breakdown, By Application
12.1.2.2.2 ARGENTINA Electric Coolant Pump Market Breakdown, By Power
12.1.2.2.3 ARGENTINA Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.2.4 ARGENTINA Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.2.5 ARGENTINA Electric Coolant Pump Market Breakdown, By Pump Type
12.1.2.3 Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.3.1 Rest of South America Electric Coolant Pump Market Breakdown, By Application
12.1.2.3.2 Rest of South America Electric Coolant Pump Market Breakdown, By Power
12.1.2.3.3 Rest of South America Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.3.4 Rest of South America Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.3.5 Rest of South America 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. SAM Electric coolant pump Market Revenue Forecast and Forecast to 2028 (US$ Million)
Table 2. South America Electric Coolant Pump Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 4. Brazil Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)
Table 5. Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)
Table 6. Brazil Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)
Table 7. Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 8. Brazil Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)
Table 9. BRAZIL Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)
Table 10. Brazil Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)
Table 11. Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)
Table 12. Brazil Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)
Table 13. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 14. ARGENTINA Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)
Table 15. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)
Table 16. ARGENTINA Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)
Table 17. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 18. ARGENTINA Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)
Table 19. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)
Table 20. ARGENTINA Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)
Table 21. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)
Table 22. ARGENTINA Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)
Table 23. Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 24. Rest of South America Electric Coolant Pump Market, Volume and Forecast to 2028 – By Application (in Thousands)
Table 25. Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Power (US$ million)
Table 26. Rest of South America Electric Coolant Pump Market, Volume and Forecast to 2028 – By Power (in Thousands)
Table 27. Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 28. Rest of South America Electric Coolant Pump Market, Volume and Forecast to 2028 – By Vehicle Type (in Thousands)
Table 29. REST OF South America Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ million)
Table 30. Rest of South America Electric Coolant Pump Market, Volume and Forecast to 2028 – By Propulsion Type (in Thousands)
Table 31. Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028 – By Pump Type (US$ million)
Table 32. Rest of South America Electric Coolant Pump Market, Volume and Forecast to 2028 – By Pump Type (in Thousands)
Table 33. List of Abbreviation
LIST OF FIGURES.
Figure 1. SAM Electric Coolant Pump Market Segmentation
Figure 2. SAM Electric Coolant Pump Market Segmentation – By Country
Figure 3. SAM Electric Coolant Pump Market Overview
Figure 4. SAM Electric Coolant Pump Market, by Application
Figure 5. SAM Electric Coolant Pump Market, by Power
Figure 6. SAM Electric Coolant Pump Market, by Vehicle Type
Figure 7. SAM Electric Coolant Pump Market, by Propulsion Type
Figure 8. SAM Electric Coolant Pump Market, by Pump Type
Figure 9. SAM Electric Coolant Pump Market, by Country
Figure 10. SAM: PEST Analysis
Figure 11. SAM Electric Coolant Pump Market- Ecosystem Analysis
Figure 12. SAM Expert Opinion
Figure 13. SAM Electric Coolant Pump Market: Impact Analysis of Drivers and Restraints
Figure 14. SAM Electric coolant pump Market Revenue Forecast and Analysis (US$ Million)
Figure 15. SAM Electric Coolant Pump Market, By Application (2021 and 2028)
Figure 16. SAM Engine Cooling and HVAC: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Battery and Power Electronics Cooling: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Gearbox Cooling: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Electric Coolant Pump Market, By Power (2021 and 2028)
Figure 20. SAM Below 100 W: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Above 100 W: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Electric Coolant Pump Market, By Vehicle Type (2021 and 2028)
Figure 23. SAM Passenger Cars: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM Light Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM Heavy Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. SAM Electric Coolant Pump Market, By Propulsion Type (2021 and 2028)
Figure 27. SAM ICE: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM Electric: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. SAM Hybrid: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. SAM Electric Coolant Pump Market, By Pump Type (2021 and 2028)
Figure 31. SAM With ECU: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. SAM Without ECU: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. SAM Electric Coolant Pump Market, by Country – Revenue (2021) (US$ Million)
Figure 34. SAM Electric Coolant Pump Market Breakdown, by Country, 2021 & 2028(%)
Figure 35. Brazil Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. ARGENTINA Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Rest of South America Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
● 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
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South 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 South 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 South America market trends and outlook coupled with the factors driving the South 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
