Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Coolant Pumps market is expected to register a phenomenal CAGR of 15.5% during the review period (2022 to 2027).
Coolant Pumps Market Overview
Coolant pumps are utilised in a variety of industries' cooling systems. Coolant pumps will be in high demand as the global demand for electricity grows. Progress in electronic vapour deposition technology and increased use of water-based cooling systems in non-construction applications such as automotive, industrial, commercial, computer room air-conditioning, brewing and bottling, food processing, pharmaceuticals, chemical manufacture, and others are expected to drive the global market for these pumps. The coolant pump has features that can provide on-demand cooling to machines, especially during cold-start which saves fuel and leads to less emission. This can also lead to enhanced air conditioning in the passenger compartment, which in turn can provide more comfort to the passengers and driver. The electric coolant pump has features of sufficient cooling at lower RPMs at high engine loads & vice-versa and at elevated external temperatures. The electric coolant pump is used along with the thermal management system of the IC engine (internal combustion engine) for getting additional benefits of this advanced system.
Industry News and Updates
14-Mar-2019: Continental offers new metal water pump housing for the automotive aftermarket--
Technology company Continental has unveiled an especially tough, durable aftermarket component for vehicle engines: a new metal water pump housing. These covers are usually made of plastic, mostly polyethylene or polyurethane.
Oct. 28, 2019: Webasto Introduces Thermo Top Evo, Its Newest Advancement in Coolant Heater Technology--
Webasto North America, a leader in equipment and vehicle heating and cooling solutions, announced the introduction of its new Thermo Top Evo coolant heater today.
What are the major Applications, Types and Regions for Coolant Pumps Market?
By Type, it is segmented into
- Less than 50W
- 50W-100W
- 100W-400W
- More than 400W
By Applications, it is segmented into
- Nuclear Power Plants
- Automotive
- Machine Tool
- Others
Coolant Pumps Market Segments Analysis
- Increasing production of electric vehicles and electrification of vehicle that require 50w of power for operations is expected to drive the growth of the segment during the forecast period. Less than 50W is the major type in 2019, with about 43.3% market share.
- Demand of automotive occupied most of market share of about 49.44% in 2019.
Coolant Pumps Market Regional Analysis
Asia Pacific led the global market in 2019, and this trend is projected to continue over the forecast period. The rapid growth of the vehicle manufacturing industry in this region is likely to boost demand for electric coolant pumps. Furthermore, the availability of low-cost raw materials and labour, as well as a large customer base for electric coolant pumps, are propelling the market forward in the region. In terms of demand, Europe has a sizable portion of the market.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Coolant Pumps Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 15.5% over the forecast period (2022-2027)
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By Type
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- Less than 50W
- 50W-100W
- 100W-400W
- More than 400W
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By Application
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- Nuclear Power Plants
- Automotive
- Machine Tool
- Others
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By Companies
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Bosch, Continental, Johnson Electric, Aisin Seiki, MAHLE Group, Webasto, Cardone Industries, Nidec Corporation, Sogefi, KSB, Fuji Electric, Pentair Shurflo, Grundfos, HELLA, Graymills
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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158
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Coolant Pumps Report
- Evaluate Coolant Pumps market potential by analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Coolant Pumps market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Coolant Pumps Market?
The Coolant Pumps Market is growing at a CAGR of 15.5% over the next 5 years.
Who are the key players in Coolant Pumps Market?
Bosch, Continental, Johnson Electric, Aisin Seiki, MAHLE Group, Webasto, Cardone Industries, Nidec Corporation, Sogefi, KSB, Fuji Electric, Pentair Shurflo, Grundfos, HELLA, Graymills
What are the significant types of Coolant Pumps Market?
Less than 50W, 50W-100W, 100W-400W, More than 400W
What are the major end-use applications of Coolant Pumps Market?
Nuclear Power Plants, Automotive, Machine Tool, Others
On the basis on type, which segment holds the major share in the Coolant Pumps Market?
Automotive segment held the largest share in Coolant Pumps market.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.