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Global Electric Coolant Pump Market By Sealless Type (Electrically Driven, Magnetically Driven, Others), By Electric Vehicle Use, By Application, By Vehicle Type, By ICE Vehicle, By Region, Forecast & Opportunities to 2026

The global electric coolant pump market accounted for a value of USD 211 million in 2019 and is projected to register growth at a CAGR of 11.2% during forecast period.

COVID-19 has impacted the global electric coolant pump market negatively. The production is on halt due to lockdown. The demand from automotive industry is decreasing due to which there is a significant decline in demand of electric coolant pump. The supply chain is also affected due motion restriction and lockdown policies. The raw material supply is facing difficulties. Thus, the electric coolant pump market is expected to witness decline during forecast period.

Definition:

Electric coolant pump is an auxiliary device used in the vehicle to cool the components of the different accessories such as power train, battery and electronic circuits etc. The electric coolant pump helps in cooling at lower RPM at high engine loads. It is employed with thermal management system of the IC engine for delivering more benefits. It helps in providing on-demand cooling during cold-start which helps in saving fuel and helps in reducing the emission.

Market Dynamics (Drivers/Opportunities):

The government is implementing various stringent policies to reduce air pollution. The use electric components in vehicle help in reducing emission from vehicles. The government is constantly promoting and introducing attractive schemes to promote adoption of electric vehicles and this drives growth in electric coolant pump market during forecast period.

The sales of vehicles are increasing across the globe which increases production of vehicles and this increases demand for electric coolant pump in the automobile industry. The adoption of electric vehicles is increasing across the world which increases the use of electric coolant pump. The increasing technological advancement is likely to drive growth in electric coolant pump market.

Market Insights, by Sealless Type

On the basis of sealless type, the electric coolant pump market is segmented into electrically driven/ canned and magnetically driven. The electrically driven pump segment is estimated to be the largest market during forecast period. Electrically driven pump provide technical benefits over mechanically driven pumps. These pumps are compact in size and less expensive. This makes them more preferred in automotive industry.  Electrically driven pumps are efficient and cause less emission. This increases demand for electrically driven segment and drives growth in this segment during forecast period.

Market Insights, by Electric Vehicle Use

On the basis of electric vehicle use, the electric coolant pump market is segmented into passenger car and commercial vehicle. The passenger car segment is estimated to dominate the market during forecast period. The passenger cars are available in several electric models and it employ auxiliary as well as coolant pumps. Government is providing various subsidies schemes to promote electric passenger cars sell. This increases the demand and adoption for electric coolant pump in electric passenger car. This drives growth in electric passenger car segment during forecast period.

Market Insights, by ICE Vehicle

On the basis of ICE vehicle, the electric coolant pump market is segmented into passenger car and commercial vehicles. The commercial vehicles segment is estimated to dominate the market during forecast period. The electrification of powertrain components is increasing. There are various developments occurring in power output and the electric coolant pump are rapidly utilizing in commercial vehicles. This increases demand for electric coolant pump and drives growth in commercial vehicles segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to be the largest market during forecast period. The sales of electric vehicles are increasing in this region due to stringent emission norms implemented by government. The government is providing subsidies and attractive schemes to promote sales of electric vehicles in this region. The government is promoting the in-house production of components of powertrain. This increases demand and adoption of electric coolant pump in this region and drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market payers in electric coolant pump sector are Rheinmetall Automotive AG, Robert Bosch GMBH, Aesin Seiki CO., Continental AG, Mahle GMBH, Denso Corporation, Johnson Electric Holdings Ltd., Hanon Systems, Industrie Saleri Italo S.P.A, Concentric AB, Sanhua Automotive, Vovyo Technology, Buhler Motor Gmbh, Grayson Thermal Systems, GMB Corporation and JTEKT Corporation.

Segments Covered in the Report

This report forecasts The Global Electric Coolant Pump Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global electric coolant pump market report on the basis of sealless type, electric vehicle use, application, vehicle type, and ICE vehicle.

Electric Coolant Pump Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Electric Coolant Pump Market, By Sealless Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electrically Driven/ Canned
  • Magnetically Driven
  1. Electric Coolant Pump Market, By Electric Vehicle Use, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Car
  • Commercial Vehicle
  1. Electric Coolant Pump Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  1. Electric Coolant Pump Market, By ICE Vehicle, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Car
  • Commercial Vehicle
  1. Electric Coolant Pump Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Engine Cooling & HVAC
  • Battery and Power Electronics Cooling
  • Gearbox Cooling
  1. Electric Coolant Pump Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Sealless Type
    • By Electric Vehicle Use
    • By Vehicle Type
    • By ICE Vehicle
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Sealless Type
      • By Electric Vehicle Use
      • By Vehicle Type
      • By ICE Vehicle
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Sealless Type
        • By Electric Vehicle Use
        • By Vehicle Type
        • By ICE Vehicle
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Sealless Type
          • By Electric Vehicle Use
          • By Vehicle Type
          • By ICE Vehicle
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Sealless Type
            • By Electric Vehicle Use
            • By Vehicle Type
            • By ICE Vehicle
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • JTEKT Corporation
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Rheinmetall Automotive AG
    • Robert Bosch GMBH
    • Aesin Seiki CO.
    • Continental AG
    • Mahle GMBH
    • Denso Corporation
    • Johnson Electric Holdings Ltd.
    • Hanon Systems
    • Industrie Saleri Italo S.P.A
    • Concentric AB
    • Sanhua Automotive
    • Vovyo Technology
    • Buhler Motor Gmbh
    • Grayson Thermal Systems
    • GMB Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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