Automotive

Smart Home Automation Is Fastest Growing Segment Fueling The Growth Of Electric Coolant Pump Market.

Leena Shedmake

Smart Home Automation Is Fastest Growing Segment Fueling The Growth Of Electric Coolant Pump Market.

The global electric coolant pump market is estimated to be valued at US$ 5.18 Bn in 2023 and is expected to exhibit a CAGR of 23.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

An electric coolant pump is a key component of the engine cooling system that circulates coolant around the engine block, cylinder head, and radiator core to maintain optimal engine temperature. It helps to efficiently cool down the engine without any engine stalling issues. With advancements in engine technology, electric coolant pumps are increasingly being used as they provide precise coolant flow control.

Market key trends:

One of the key trends in the electric coolant pump market is the rising demand for electric vehicles. As EVs do not require conventional combustion coolant systems, they utilize electric coolant pumps to efficiently regulate coolant circulation for thermal management of various EV components like battery packs and electric motors. This fuels the adoption of enhanced and efficient electric coolant pump solutions customized for EV thermal management applications.

Segment Analysis

The electric coolant pump market is segmented by type, end-use, and geography. By type, the centrifugal pumps segment accounted for the highest market share in 2022 and will continue its dominance over the forecast period. Centrifugal pumps can handle heavier pressures and load conditions as compared to other types making them suitable for use in various automotive and industrial applications.

Key Takeaways

The Global Electric Coolant Pump Market Size is expected to witness high growth, exhibiting a CAGR of 23% over the forecast period, due to increasing demand for efficiency and performance enhancement in automotive cooling systems.

Regionally, Asia Pacific dominated the global market and is expected to exhibit the highest CAGR during the forecast period. Countries like China, India, and Japan are manufacturing hubs for automotive industry as well as providing lucrative opportunities to electric coolant pump market players.

The global electric coolant pump market size is expected to reach US$ 5.18 Bn in 2023. Key players operating in the electric coolant pump market are Aisin Seiki (Japan), Rheinmetall (Germany), Hanon Systems (South Korea), MAHLE (Germany), BorgWarner (US), Robert Bosch (Germany), GMB (Japan), DaviesCraig (Australia), Torishima Pump (Japan), and Modine (US). Key players like Bosch are strategically developing products that improve fuel efficiency and are compatible with alternative fuels like CNG and LPG, to strengthen their global presence.

Leena Shedmake

Global Electric Coolant Pump Market is Estimated To Witness High Growth Owing To Growing Demand for Electric Vehicles & Increasing

Poonam 2023-10-12

With the increasing adoption of electric vehicles globally, the demand for electric coolant pumps is expected to witness significant growth. Overall, the Electric Coolant Pump Market is expected to witness high growth due to the increasing adoption of electric vehicles and the growing emphasis on vehicle efficiency. SWOT Analysis: Strength: The electric coolant pump market is expected to witness high growth, with a projected CAGR of 23. One weakness is the high initial cost of electric coolant pumps compared to traditional mechanical coolant pumps. Key Takeaways: The global Electric Coolant Pump Market Share is expected to witness high growth, with a projected CAGR of 23.

Troubleshooting Common Issues with Submersible Pumps

Ben Wood 2023-06-22

While submersible pumps are known for their reliability, occasional issues may arise that require troubleshooting to ensure their optimal performance. Understanding common problems and their solutions can help resolve pump-related issues efficiently. Another issue is a decrease in submersible pumps flow or pressure. Regular pump maintenance, including cleaning, lubrication, and inspection, can prevent many common issues. By understanding common issues and following appropriate troubleshooting steps, users can identify and resolve problems with submersible pumps, ensuring their efficient and reliable operation.

The Future Of Renewable Energy: Cryogenic Pump For Liquid Air Energy Storage

sachin sadgir 2023-04-28

A Cryogenic Pump is a type of pump that is designed to handle extremely low-temperature liquids and gases. Thermal transpiration is the transfer of gas molecules from a low-temperature area to a high-temperature area. However, all cryogenic pumps work on the same basic principle of compressing and circulating cryogenic fluids through the system. The compressed fluid is then discharged through an outlet valve into the delivery system. The impeller creates a centrifugal force that moves the fluid through the pump and into the delivery system.

Centrifugal Pump Market Forecast: Projections and Key Insights

Larry Paige 2023-06-27

The centrifugal pump market is expected to witness significant growth and several key insights can be derived from market forecasts. The rising population, urbanization, and industrialization in emerging economies are driving the demand for centrifugal pumps. Secondly, technological advancements and innovations in pump design are expected to play a crucial role in market growth. Moreover, the growing emphasis on environmental sustainability and stringent regulations regarding energy efficiency are driving the adoption of efficient centrifugal pumps in centrifugal pump market. This trend presents opportunities for service providers and pump manufacturers to offer comprehensive solutions and increase their market share.

Electric Vehicle Drivetrain Is The Fastest Growing Segment Fueling The Growth Of Electric Coolant Pump Market

Ashish Thapa 2023-12-11

The global Electric Coolant Pump Market is estimated to be valued at US$ 5. The electric coolant pump market manufactures electric pumping assemblies that circulate coolant or antifreeze through an internal combustion engine or electric vehicle powertrain to regulate operating temperature. Leading automakers are focusing on developing advanced thermal management solutions using electric coolant pumps to improve the efficiency and reliability of electric drivetrains. Segment AnalysisThe electric coolant pump market is segmented based on type, vehicle type, distribution channel, and geography. For instance, in 2022, Aisin Seiki expanded its electric coolant pump production facility in China.

Mechanical Pump Seals Market is Estimated to Witness Steady Growth Owing to Increasing Demand from Water & Wastewater Industry

Purvaja 2024-02-20

The mechanical pump seals market consists of dynamic seals used in rotating pumps to prevent leakage of pumped liquid from the pump casing into the atmosphere or other spaces. Growing infrastructure development activities and stringent environmental regulations mandating wastewater treatment are fueling the demand from water & wastewater industry. The Global Mechanical Pump Seals Market Share is estimated to be valued at US$ 4075. PEST Analysis Political: Manufacturers of mechanical pump seals are subject to environmental regulations on the use of hazardous materials. Technological: Advancements in material science aid development of high-performance elastomers and engineered surfaces for mechanical pump seals.

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