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North America 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)
Market Report I 2022-12-21 I 138 Pages I The Insight Partners
The electric coolant pump market in North America is expected to grow from US$ 314.00 million in 2022 to US$ 761.29 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.
Increase in Production of Vehicles and Rise in Demand for Eco-Friendly Vehicles
The automobile industry is one of the pillars of the global economy. It is the main driver of technological advancement, macroeconomic growth, and stability in developed and developing countries, spanning many adjacent industries. The core automotive industry supports a wide range of business segments-upstream, core automotive, and downstream. Government regulations, country's GDP, and purchasing power of consumers are among the prominent factors influencing the evolution and momentum of the automotive industry. The government's policies to promote electric vehicle sales in the automotive industry play a crucial role in the demand of electric vehicles, influencing vehicle production. As per the data published by the International Organization of Motor Vehicle Manufacturers (OICA) statistics, in the pre-COVID scenario, the production and sales of automotive vehicles were increasing at a faster pace, owing to growth in country's GDP and rise in consumer spending. However, the pandemic hampered the country's GDP as well as the spending power of the consumers, which eventually impacted the buying trend of automotive in 2020. However, in 2022, with ease in restrictions and reopening of business activities, the production and sales witnessed an abrupt increase which depicts a potential demand for electric coolant pumps.
Market Overview
North American countries, such as the US, Canada, and Mexico, are very advanced in adopting coolant pump solutions in passenger cars and light commercial vehicles. The demand for electric coolant pumps is increasing as they provide high reliability and save fuel. Several benefits, such as fast cooling ability and fuel efficiency, are expected to influence automobile manufacturers over the forecast period resulting in significant market growth. According to the US Department of Energy, the sales of new light-duty plug-in electric vehicles, including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), doubled from 308,000 units in 2020 to 608,000 units in 2022. Further, top US automaker Ford Motor Co. has announced a plan to spend US$ 11.4 billion on battery & electric vehicle manufacturing. These investment plans are expected to positively impact the electric coolant pump market during the forecast period.
North America Electric coolant pump Market Revenue and Forecast to 2028 (US$ Million)
North America Electric coolant pump market Segmentation
The North America electric coolant pump market is segmented on the basis of application, power, vehicle type, propulsion type, pump type, and country. Based on application, the North America 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 North America 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 North America 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 North America 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 North America 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 North America electric coolant pump market is segmented into the US, Canada, and Mexico. The US 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 North America electric coolant pump market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electric Coolant Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Electric Coolant Pump Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Advantages of Electric Coolant Pumps Over Mechanical Pumps
5.1.2 Increase in Production of Vehicles and Rise in Demand for Eco-Friendly Vehicles
5.2 Market Restraints
5.2.1 Temperature Challenges and High Installation and Maintenance Costs
5.3 Market Opportunities
5.3.1 Integration of Innovative Features in Electric Coolant Pumps
5.4 Future Trends
5.4.1 Increase in Number for Electric Vehicles
5.5 Impact analysis of Drivers and Restraints
6. Electric Coolant pump - North America Market Analysis
6.1 North America Electric Coolant Pump Market Overview
6.2 North America Electric Coolant Pump Market Revenue Forecast and Analysis
7. North America Electric Coolant Pump Market Analysis - By Application
7.1 Overview
7.2 Electric Coolant Pump Market, By Application (2021 And 2028)
7.3 Engine Cooling and HVAC
7.3.1 Overview
7.3.2 Engine Cooling and HVAC: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
7.4 Battery and Power Electronics Cooling
7.4.1 Overview
7.4.2 Battery and Power Electronics Cooling: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
7.5 Gearbox Cooling
7.5.1 Overview
7.5.2 Gearbox Cooling: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
8. North America Electric Coolant Pump Market Analysis - By Power
8.1 Overview
8.2 Electric Coolant Pump Market, By Power (2021 And 2028)
8.3 Below 100 W
8.3.1 Overview
8.3.2 Below 100 W: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
8.4 Above 100 W
8.4.1 Overview
8.4.2 Above 100 W: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
9. North America Electric Coolant Pump Market Analysis - By Vehicle Type
9.1 Overview
9.2 Electric Coolant Pump Market, By Vehicle Type (2021 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Passenger Cars: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
9.4 Light Commercial Vehicles
9.4.1 Overview
9.4.2 Light Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
9.5 Heavy Commercial Vehicles
9.5.1 Overview
9.5.2 Heavy Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
10. North America Electric Coolant Pump Market Analysis - By Propulsion Type
10.1 Overview
10.2 Electric Coolant Pump Market, By Propulsion Type (2021 And 2028)
10.3 ICE
10.3.1 Overview
10.3.2 ICE: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
10.4 Electric
10.4.1 Overview
10.4.2 Electric: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
10.5 Hybrid
10.5.1 Overview
10.5.2 Hybrid: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
11. North America Electric Coolant Pump Market Analysis - By Pump Type
11.1 Overview
11.2 Electric Coolant Pump Market, By Pump Type (2021 And 2028)
11.3 With ECU
11.3.1 Overview
11.3.2 With ECU: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
11.4 Without ECU
11.4.1 Overview
11.4.2 Without ECU: Electric Coolant Pump Market Revenue and Forecast To 2028 (US$ Million)
12. North America Electric Coolant Pump Market - by Country Analysis
12.1 North America: Electric Coolant Pump Market
12.1.1 Overview
12.1.2 North America Electric Coolant Pump Market Breakdown, by Country
12.1.2.1 US Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.1.1 US Electric Coolant Pump Market Breakdown, By Application
12.1.2.1.2 US Electric Coolant Pump Market Breakdown, By Power
12.1.2.1.3 US Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.1.4 US Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.1.5 US Electric Coolant Pump Market Breakdown, By Pump Type
12.1.2.2 Canada Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.2.1 Canada Electric Coolant Pump Market Breakdown, By Application
12.1.2.2.2 Canada Electric Coolant Pump Market Breakdown, By Power
12.1.2.2.3 Canada Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.2.4 Canada Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.2.5 Canada Electric Coolant Pump Market Breakdown, By Pump Type
12.1.2.3 Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028
12.1.2.3.1 Mexico Electric Coolant Pump Market Breakdown, By Application
12.1.2.3.2 Mexico Electric Coolant Pump Market Breakdown, By Power
12.1.2.3.3 Mexico Electric Coolant Pump Market Breakdown, By Vehicle Type
12.1.2.3.4 Mexico Electric Coolant Pump Market Breakdown, By Propulsion Type
12.1.2.3.5 Mexico Electric Coolant Pump Market Breakdown, By Pump Type
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 AISIN SEIKI Co. Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Continental AG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Hanon Systems
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Hitachi Automotive Systems, LTD.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Johnson Electric Holdings Limited
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Mahle GmbH
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rheinmetall Automotive AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Robert Bosch GmbH
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 GMB CORPORATION
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 VOVYO Technology Co., Ltd.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Electric coolant pump Market Revenue Forecast and Forecast to 2028 (US$ Million)
Table 2. North America Electric Coolant Pump Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 3. US Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 4. US Electric Coolant Pump Market, Volume and Forecast to 2028 - By Application (in Thousands)
Table 5. US Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Power (US$ million)
Table 6. US Electric Coolant Pump Market, Volume and Forecast to 2028 - By Power (in Thousands)
Table 7. US Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ million)
Table 8. US Electric Coolant Pump Market, Volume and Forecast to 2028 - By Vehicle Type (in Thousands)
Table 9. US Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ million)
Table 10. US Electric Coolant Pump Market, Volume and Forecast to 2028 - By Propulsion Type (in Thousands)
Table 11. US Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Pump Type (US$ million)
Table 12. US Electric Coolant Pump Market, Volume and Forecast to 2028 - By Pump Type (in Thousands)
Table 13. Canada Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 14. Canada Electric Coolant Pump Market, Volume and Forecast to 2028 - By Application (in Thousands)
Table 15. Canada Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Power (US$ million)
Table 16. Canada Electric Coolant Pump Market, Volume and Forecast to 2028 - By Power (in Thousands)
Table 17. Canada Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ million)
Table 18. Canada Electric Coolant Pump Market, Volume and Forecast to 2028 - By Vehicle Type (in Thousands)
Table 19. CANADA Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ million)
Table 20. Canada Electric Coolant Pump Market, Volume and Forecast to 2028 - By Propulsion Type (in Thousands)
Table 21. Canada Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Pump Type (US$ million)
Table 22. Canada Electric Coolant Pump Market, Volume and Forecast to 2028 - By Pump Type (in Thousands)
Table 23. Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 24. Mexico Electric Coolant Pump Market, Volume and Forecast to 2028 - By Application (in Thousands)
Table 25. Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Power (US$ million)
Table 26. Mexico Electric Coolant Pump Market, Volume and Forecast to 2028 - By Power (in Thousands)
Table 27. Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ million)
Table 28. Mexico Electric Coolant Pump Market, Volume and Forecast to 2028 - By Vehicle Type (in Thousands)
Table 29. MEXICO Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ million)
Table 30. Mexico Electric Coolant Pump Market, Volume and Forecast to 2028 - By Propulsion Type (in Thousands)
Table 31. Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028 - By Pump Type (US$ million)
Table 32. Mexico Electric Coolant Pump Market, Volume and Forecast to 2028 - By Pump Type (in Thousands)
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Electric Coolant Pump Market Segmentation
Figure 2. North America Electric Coolant Pump Market Segmentation - By Country
Figure 3. North America Electric Coolant Pump Market Overview
Figure 4. North America Electric Coolant Pump Market, by Application
Figure 5. North America Electric Coolant Pump Market, by Power
Figure 6. North America Electric Coolant Pump Market, by Vehicle Type
Figure 7. North America Electric Coolant Pump Market, by Propulsion Type
Figure 8. North America Electric Coolant Pump Market, by Pump Type
Figure 9. North America Electric Coolant Pump Market, by Country
Figure 10. North America: PEST Analysis
Figure 11. North America Electric Coolant Pump Market- Ecosystem Analysis
Figure 12. North America Expert Opinion
Figure 13. North America Electric Coolant Pump Market: Impact Analysis of Drivers and Restraints
Figure 14. North America Electric coolant pump Market Revenue Forecast and Analysis (US$ Million)
Figure 15. North America Electric Coolant Pump Market, By Application (2021 and 2028)
Figure 16. North America Engine Cooling and HVAC: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Battery and Power Electronics Cooling: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Gearbox Cooling: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Electric Coolant Pump Market, By Power (2021 and 2028)
Figure 20. North America Below 100 W: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Above 100 W: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Electric Coolant Pump Market, By Vehicle Type (2021 and 2028)
Figure 23. North America Passenger Cars: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Light Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Heavy Commercial Vehicles: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Electric Coolant Pump Market, By Propulsion Type (2021 and 2028)
Figure 27. North America ICE: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Electric: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Hybrid: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Electric Coolant Pump Market, By Pump Type (2021 and 2028)
Figure 31. North America With ECU: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Without ECU: Electric Coolant Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America Electric Coolant Pump Market, by Country - Revenue (2021) (US$ Million)
Figure 34. North America Electric Coolant Pump Market Breakdown, by Country, 2021 & 2028 (%)
Figure 35. US Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Canada Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Mexico Electric Coolant Pump Market, Revenue and Forecast to 2028 (US$ million)
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