Global Electric Coolant Pumps Market was valued at $XX Bn in 2019 and is expected to reach $xx Bn by 2026, at a CAGR of xx% during the forecast period.
Global Electric Coolant Pumps Market Introduction
Most of the cars driven on the road today are cooled by employing a mechanically driven coolant pump, which is considered as the conventional method, where the engine drives the pump. In the future when cars become electrically driven, a mechanical coolant pump cannot be used. Hence the development of an electric coolant pump is highly essential for the drastically changing auto industry. Advancements in mechatronics technology available for automotive applications, substantial portions of vehicle components are replaced with electrified parts to boost engine efficiency and thereby reduction in emissions. Recent developments in the industry towards higher voltage systems and advanced hybrid power trains make it possible to bring electric pumps into working. The primary application of this motor in the automotive field is to basically increase the engine performance by reducing the parasitic losses of the engine.
Global Electric Coolant Pumps Market Dynamics
The global electric coolant pump market is driven by fast-changing innovations and the dynamic automotive industry. The industry is aided by the mechanical parts being replaced by electronic components due to the ongoing advanced technology in the automotive industry. The growing need to reduce emissions from vehicles is pushing manufacturers to develop powertrain components with advanced technologies. Rapid electrification of mechanical components will, therefore, boost the development of the passenger cars segment in the market for electric coolant pumps.
The electric coolant pump market will be driven by the electrification of ICE-powered vehicles and rising sales of plug-in electric vehicles. European OEMs were the first adopters of the electric coolant pumps. VW group, the biggest player in Europe with a 24% market share has an electric coolant pump in EA288, EA211, EA888 engines, which are used across various platforms and brands. Many OEMs have now developed their new range of power-dense engines (with higher pressure GDI) and thus integrated electric coolant pumps to improve fuel efficiency. In the North American market, Ford has equipped select Eco-boost engines with electric coolant pump whereas GM adopted electric coolant pump on select higher volume models since the last decade.
Recent Trend in the Electric Coolant Pumps Market
In BMW`s new Inline Six-cylinder engine showcased in Nov 2019, the cooling solution comprises a high-temperature and a low-temperature circuit, supplemented with indirect charge air cooling. A split-cooling valve makes allows temporary shutdown of crankcase cooling, improving engine warm-up and reducing cold-start emissions.
Global Electric Coolant Pumps Market Segment Analysis
The seal less pump type is expected to remain the largest and fastest market by type.
OEMs increasingly prefer seal-less pumps over sealed pumps in electric vehicles. Numerous technical benefits, including negligible leakage and better efficiency offered by sealless pumps, have been the major factors driving their popularity. Also, since electric vehicles operate at lower temperatures than ICE vehicles, seal-less pumps are a suitable option for electric vehicles. Thus, with increasing sales of electric vehicles, the seal-less pump market is expected to gain momentum in the future. Additionally, continuous research and developments in seal-less pump technology are also anticipated to drive its growth.
Up to 100W is expected to remain the largest electric coolant pump market, by power output.
Up to100W electric coolant pumps are mainly used for auxiliary cooling purposes. Various auxiliary coolant pumps are employed in electric vehicles for various purposes, such as DC-DC converters, power electronics cooling, etc. In electric vehicles, electric coolant pumps are often used in larger numbers for auxiliary purposes. This factor indicates that the up to 100W pumps segment is expected to hold a larger volume market than the >100W pumps. Thus, growing sales of electric vehicles are expected to drive the market in the future.
Battery Electric Vehicles to offer strong opportunity for market growth based on vehicle type.
The growing volume of high-capacity Li-ion battery packs in BEVs represents a strong opportunity for electric coolant pump suppliers in coming years. In many EVs, electric coolant pumps are used in conjunction with electric oil pumps in driveline applications. China accounted for 57.4% of global EV-installed battery capacity in 2019. Every EV battery needs a liquid-cooled Battery Management System and electric coolant pumps have a pivotal role in the smooth functioning of BMS. The average battery capacity of BEVs differs widely per region. For PHEVs, almost all regions had a similar average battery capacity of 11-12kWh.
Global Electric Coolant Pumps Market By Type
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Global Electric Coolant Pumps Market
Global Electric Coolant Pumps Market Regional Insights
Global Electric Coolant Pumps Market region
Electric coolant pumps are employed globally and the market for these pumps is expected to propel at a faster pace due to the presence of key players in different regions. Due to the growing opportunity in the electric coolant pump market, many conventional coolant pump manufacturers have already started new product development. In European Market Continental, Schaeffler and Bosch account for significant market share, hence the market here is expected to boost.
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The Asia Pacific is expected to register the fastest growth in the forecast period. Manufacturers are focusing their R&D activities on developing robust, diversified electric cars, which will boost the demand for electric coolant pumps in the region. The growing demand for electric cars has also prompted OEMs to increase strategic collaborations/partnerships between them and electric coolant pump manufacturers. Rheinmetall and Aisin have a significant presence in the Asian market. Moreover, Audi is strengthening its business in China. With the new Audi-FAW company in Changchun, Audi is expanding its presence in the Chinese market and actively helping to shape the transformation of the Chinese automotive industry.
Global Electric Coolant Pumps Market Key Players
• Rheinmetall Automotive AG
• Robert Bosch GmbH
• AUDI
• Aisin Seiki Co., Ltd
• Continental AG
• MAHLE GmbH
• Schaeffler
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