Electric Coolant Pump Market Scope And Analysis

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Electric Coolant Pump Market Analysis and Scope (2023 to 2028)

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Report Attribute	Details
Market size in 2022	US$ 467.46 Million
Market Size by 2028	US$ 1,188.28 Million
Global CAGR (2022 - 2028)	16.8%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Application Engine Cooling & HVAC Battery & Power Electronics Cooling Gearbox Cooling By Power Below 100 W and Above 100 W By Vehicle Type Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles By Propulsion Type ICE Electric Hybrid
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

Players operating in the electric coolant pump market are mainly focused on developing advanced and efficient products.

In May 2022, Hanon Systems a provider of thermal and energy management solutions for the automotive industry announced the opening of a new plant in Hubei, China. According to Min Sung president and chief executive officer of Hanon Systems the company continues to build its global business by investing in the design of cutting-edge eco-friendly automotive solutions and assisting manufacturers in the electrified vehicle category.
In January 2021, MAHLE Aftermarket planned to increase its sales by 18.5% (approximately EUR 1.1 billion). MAHLE Aftermarket expanded and included a range of solutions that allows independent workshops to perform diagnostics and maintenance for e-vehicle batteries. In order to ensure its capacity to deliver despite the current tensions in the global supply chain, the business unit realigned its logistics structures and set an unwavering course for digitization. For example, the introduction of fully automated logistics hubs in the future will ensure rapid and error-free delivery.