Europe Electric Coolant Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Drop-In bedliners, Spray-On bedliners, and Others) and Material (Polyurethane, Aluminium Carpet, and Others)

Europe Electric Coolant Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Drop-In bedliners, Spray-On bedliners, and Others) and Material (Polyurethane, Aluminium Carpet, and Others)

The electric coolant pump market in Europe is expected to grow from US$ 371.48 million in 2022 to US$ 936.96 million by 2028; it is estimated to grow at a CAGR of 16.7% from 2022 to 2028.

Combination of Innovative Features in Electric Coolant Pumps

Developments in integrating the coolant pumps with add-on featured devices and components are augmenting the sale of electric coolant pumps. Robert Bosch GmbH has a large number of product offerings under electric coolant pumps. Their PCE coolant pump is an electric centrifugal pump. Its speed can be controlled via a pulse width modulation (PWM) or a Local Interconnect Network (LIN) interface and has 30,000 hours operation time permits for use in hybrid and electric vehicles. Robert Bosch GmbH also provides PAD2 electric coolant pumps for supporting the heater circuit, residual heat utilization, and component cooling for turbochargers and charge air coolers. MAHLE GmbH offers a 12V pump with up to 800 watts of electrical power consumption and a 24V pump with up to 1 kilowatt (kW). It also provides a brushless electric motor, and the bearing concept ensures maintenance-free operation with high reliability. Moreover, it offers directly cooled electronics that allow maximum power utilization. Technological advancements in the electric coolant pumps are further strengthening the demand for electric coolant pumps. For instance, in December 2019, Pierburg developed a three-phase sensor less commutated water circulation pump for use in electric vehicles in which the noise emission of the pumps has been kept at a very low level. The development in ceramic seal material is also posing a potential opportunity for the electric coolant pump market. The ceramic material is used to make ceramic mechanical seal owing to its competitive features such as mechanical, thermal, and electrical characteristics.

Market Overview

Europe is home to major automakers, such as Volkswagen, Daimler, Renault, Audi, and BMW. Germany is one of the key contributors to the European automotive industry. Several regional automobile companies participate in developing advanced and high-performance fuel-efficient vehicles, bolstering the demand for electric coolant pumps. In addition, favorable policies and stringent norms regarding carbon pollution enable automobile companies to invest significantly in research & development activities. Thus, an increasing number of steps toward transforming all-electric cars and stringent fuel-economy standards are expected to propel the Europe electric coolant pump market. The European Union's (EU) new emissions standard includes 95 grams of carbon dioxide per kilometer for passenger cars., which is anticipated to boost EV sales in the coming years as it stipulates that 95% of the fleet must meet these standards in 2020 and 100% in 2022.

Europe Electric coolant pump Market Revenue and Forecast to 2028 (US$ Million)

Europe Electric coolant pump market Segmentation

The Europe electric coolant pump market is segmented on the basis of application, power, vehicle type, propulsion type, pump type, and country. Based on application, the Europe 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 2022.

Based on power, the Europe 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 2022.

Based on vehicle type, the Europe 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 2022.

Based on propulsion type, the Europe electric coolant pump market is segmented into ICE, electric, and hybrid. The ICE segment held the largest market share in 2022.

Based on pump type, the Europe electric coolant pump market is bifurcated into with ECU and without ECU. The without ECU segment held a larger market share in 2022.

Based on country, the Europe electric coolant pump market is segmented into the France, Germany, UK, Italy, Russia, and Rest of Europe. The Rest of Europe dominated the market share in 2022.

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 Europe electric coolant pump market.

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