Electric Coolant Pump Market

[318 Pages Report] The electric coolant pump market is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. Stringency in emission norms to cut down vehicular emissions and increasing demand for electric vehicles globally are expected to be the primary reasons for the growing electric coolant pump market.

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Electric Coolant Pump Market Dynamics

Driver: Technical benefits of electric coolant pumps over mechanical pumps.

There is an increased demand for fuel-efficient technologies in light of stricter global emission regulations. Electric coolant pumps offer control over coolant flow requirements, which is one of the significant technical benefits of electric coolant pumps. This allows for reduced fuel consumption and exhaust emissions. Instead of a 2.0 kW rated input conventional water pump, an electric pump with 0.2 kW can be used in vehicles with up to 200 kW rated engines. The compatibility of electric coolant pumps for different engine capacity ranges to drive the electric coolant pump applications in various vehicle models.

Other technical benefits like the faster response of the heater after a cold-engine start and added installation latitude (the pump can be installed anywhere in the engine compartment) are also driving the popularity of electric coolant pumps amongst automakers. Considering the shift towards powertrain electrification, the use of electrically driven coolant pumps for electric and hybrid vehicle technologies is expected to grow. Considering the mentioned advantages, the electric coolant pump market will likely witness significant growth in the coming years.

Driver: Increasing sales of turbocharged engines

Electric coolant pumps play a crucial role in turbocharged engines due to the higher cooling performance requirement than conventional engines. With increasing stringency of emission norms worldwide, Turbocharged Gasoline Direct Injection (TGDI) engines are also gaining in demand due to reduced emissions and higher fuel efficiency. The increasing trend towards downsized turbocharged gasoline engines is driven by the need for improved fuel efficiency and reduced emissions without compromising performance. According to MarketsandMarkets analysis, North America accounted for ~15% of the total global gasoline passenger car market in 2023. North America's gasoline passenger car market is expected to increase at a CAGR of 8.8%. The Asia Pacific region accounted for 62% of the turbocharged gasoline passenger car market in 2023, with a projected CAGR of 6.6% between 2023 and 2028. The availability of models with turbocharged engines is also expected to increase, subsequently driving the electric coolant pump market. The Mitsubishi Triton, also known as the Mitsubishi L200, is a pickup truck with a turbocharged gasoline engine. Turbocharged engines are often marketed as a premium driving experience due to their power, efficiency, and refinement; this has helped shift consumer perceptions towards turbocharged engines. Turbocharged engines are increasingly popular in mainstream passenger cars, SUVs, and light trucks. This growing popularity is expected to drive the market for electric coolant pumps.

Restraint: Relatively high product cost and maintenance

The electric coolant pump comprises hydraulics, canned motors, and electronic components. The electric coolant pump operates via designed electronics that receive relevant information from the motor management system. The use of electronics and a complex pump design results in a more expensive coolant pump, which, in turn, increases the cost of the vehicle. Electric coolant pumps also need to be replaced every 60,000 miles as a preventive measure for the proper functioning of the vehicles. However, according to industry experts' insights, these pumps are rarely replaced. As per primary respondents, the replacement (including installation cost) of an electric coolant pump usually costs between USD 150 and 500, depending upon the model of the car. Due to the price-sensitive nature of various Asian economies, such as India and China, people opt for vehicles using mechanical water pumps with relatively lower costs.

Opportunities: Development of advanced electric coolant pump technology and strategic partnerships between OEMs

Automakers are constantly pressured to develop environmentally friendly technologies to comply with global emission norms. Companies continually introduce new thermal cooling products to reduce CO2 emissions, increase vehicle efficiency, and maintain competitiveness. For instance, in September 2023, DENSO Corporation developed the "Every Cool" advanced cooling system, which provides comfort and energy efficiency when commercial vehicle engines are off. "Every Cool," the company's latest innovation, is a cooling system designed when a truck's engine is idle. Similarly, in February 2019, Bosch launched ECP 160 for combustion engines. Strategic partnerships between major OEMs are also likely to drive the penetration of electric coolant pumps in vehicles. They are expected to create future opportunities for the electric coolant pump market. For instance, in January 2020, Rheinmetall Automotive AG formed a supply agreement with a major OEM to supply pumps for electric vehicles for eight years.

These strategic partnerships and developments are expected to increase the popularity of electric coolant pumps among OEMs, resulting in their increased adoption in various car models. Advancements in motor design, materials, and control mechanisms have led to the development of more advanced and less energy-consuming electric coolant pumps. Electric coolant pumps are increasingly integrated into vehicle control systems, providing seamless communication with other vehicle components. This integration allows for more coordinated operation and optimization of overall vehicle performance. Advancements in materials and manufacturing techniques have made the pumps lightweight and compact.

Moreover, customization options for these pumps per OEM's requirement have led to a rise in demand. OEMs focus on electric pumps for their customization and the precise flow of coolants as and when required. Because of its variable speed control, electronic pump technology allows precise pumping rates according to real-time cooling demand.

Challenges: Complex Design with Different Electronics Leads to Failure of Electric Coolant Pump Many Times

Due to its complex design with electronics, the electric coolant pump is prone to failure, which may be caused by an electronics failure or a worn-out auxiliary pump motor. Overheating of the ICE can also lead to the failure of the electric coolant pump, as the circuit boards are prone to short circuits and may lead to engine fire. It can also lead to shaft seal breakage due to increased cooling system pressure. In 2018, BMW of North America recalled 48,000 vehicles due to overheating the electric auxiliary water pumps. Similar incidents were reported in 2009 and 2010 in BMW cars. For instance, in 2010, BMW reported that vehicles experienced engine compartment fires due to circuit board degradation of the auxiliary water pump. Electric coolant pumps may require higher speeds to maintain the desired flow rate, which can lead to increased power consumption. This increased power consumption generates significant heat, which must also be dissipated. The high power consumption decreases the efficiency of the electric pump and the vehicle. These challenges associated with electric coolant pumps may hinder their mass adoption, impacting market growth potential.

market ecosystem

The ecosystem analysis highlights various players in the electric coolant pump market ecosystem, primarily represented by manufacturers, component manufacturers (tier-I)/technology providers, and dealers & distributors.

Electric coolant pump market Ecosystem

Electric Passenger Cars is expected to hold the largest electric coolant pump market share during the forecast period.

Electric & hybrid cars will dominate the electric coolant pump market during the review period. The growth is mainly attributed to the higher share of the passenger cars segment (with more than 95% in 2023) among all vehicle types. According to the latest edition of the annual Global Electric Vehicle Outlook, the demand for electric cars, including fully electric and plug-in hybrids, has witnessed exponential growth, with sales exceeding 10 million in 2022. Further, according to the International Energy Agency (IEA), over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. With rising sales of electric passenger vehicles, efficient electric coolant pumps become necessary to contribute to overall energy efficiency by operating as per the requirement with minimal power consumption.

Further, electric coolant pumps can be controlled electronically, allowing for precise regulation of coolant flow rates based on real-time temperature and load conditions. With the rising demand for long-range vehicles and fast charging capabilities, the battery is becoming more energy efficient, with more cells accommodated within the same battery pack to deliver high performance. This will generate the need for more efficient thermal management technology to control the fluid flow and keep the temperature at an optimum level. Thus, the growing popularity of electric and hybrid passenger vehicles among consumers with decreased prices of electric car models, coupled with advancements in battery technology with an extended driving range and growing charging infrastructure, is expected to strive for the growth of electric coolant pumps not only in premium electric cars but in economy cars as well.

Battery & Power Electronic segment holds the largest and is expected to grow at the fastest CAGR for the electric coolant pump market by application segment.

Battery & Power electronics holds the largest market share in global electric coolant pumps and is expected to grow at the fastest CAGR during the forecast period. This is mainly due to the maximum contribution of pure battery electric vehicles, including passenger and commercial vehicles, which will hold a significant share of more than 95% and 5% globally in 2023. These vehicles have various components, such as motors/inverters, power electronics, and batteries, which require a robust cooling system to keep the battery and other related components temperatures between 20–40 degrees Celsius, ensuring the proper functioning of the vehicle. Further, higher power output batteries are employed to gain extended driving range, which requires multiple electric coolant pumps to dissipate excess heat generated during charging and discharging cycles. Moreover, as power electronics monitor the battery performance, a single electric coolant pump is needed for the power electronics. Due to this, almost all electric vehicles employ separate cooling mechanisms for battery thermal management and other power electronic components. For instance, many premium brands like Tesla, BMW, Mercedes-Benz, and Volkswagen use a separate circuit with a separate high-power electric coolant pump for batteries and a different one for power electronics. Companies are extending their portfolio of electric vehicles to provide robust thermal management to high-powered batteries and other electronic modules. For instance, the eBooster series pumps by BorgWarner Inc. (US) are specifically designed for high-performance battery thermal management in EVs. Thus, with growing EV sales, different OEMs are using different vehicle architectures, which prompts the deployment of more units of electric coolant pumps to deliver efficient and reliable thermal management for optimized performance.

Asia Pacific is expected to lead the market during the forecast period.

Asia Pacific region holds the largest market share for electric coolant pumps during the forecast period. This growth is primarily attributed to the rising sales of electric vehicles, driven by the need to adhere to stringent emission regulations. Additionally, the continuous introduction of attractive schemes, policies, and discounts to promote electric vehicles contributes significantly to the market expansion of electric coolant pumps. Increased electric vehicle sales have spurred governments to incentivize domestic production of electric powertrain components, including electric coolant pumps. Shifting consumer preferences, particularly in China and Japan, along with the expanding availability of diverse electric car models, are expected to drive further the production of electric coolant pumps in the region. Furthermore, collaborations between key regional electric coolant pump manufacturers and OEMs drive market growth. Companies such as Denso Corporation (Japan), Hanon Systems (South Korea), and Aisin Seiki, Co. Ltd. (Japan) have a strong presence in the region.

Asia Pacific: Electric Coolant pump market

Key Market Players

The electric coolant pump market is consolidated and dominated by several global and regional players. Some of the key players in the electric coolant pump market are Robert Bosch GmbH (Germany), Continental AG (Germany), Mahle GmbH (Germany),  Denso Corporation (Japan), and Rheinmetall AG (Germany). These companies have an extensive product range. They have adopted new product development strategies, acquisitions, contracts & partnerships to sustain their market position.

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Scope of the Report

This research report categorizes the given market based on application, type, vehicle type, sealless,  electric vehicle type, electric vehicle use, ICE vehicle, vehicle voltage, power output, communication interface, and region.

Based on the Application, the market has been segmented as follows:

• Powertrain & HAVC
• Battery and Power Electronics
• Gearbox Cooling

Based on the Type, the market has been segmented as follows:

• Sealed
• Sealless

Based on the Sealless Type, the market has been segmented as follows:

• Electrically driven/ Canned
• Magnetically driven

Based on the Vehicle Type, the market has been segmented as follows:

• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)

Based on Electric Vehicle Use, the market has been segmented as follows:

• E-Passenger Cars
• E-Light Vans
• E-Pick-up Trucks
• E-Full-size Vans
• E-Medium-duty Trucks
• E-Heavy-duty Trucks
• E-Buses

Based on ICE Vehicle Type,  the market has been segmented as follows:

• Passenger Cars
• 48 V Mild Hybrid Vehicles
• Light Vans
• Full-size Vans
• Pick-up Trucks
• Medium-duty Trucks
• Heavy-duty Trucks
• Buses

Based on Voltage Type,  the market has been segmented as follows:

• 12V
• 24V

Based on Power Output,  the market has been segmented as follows:

• <150W
• 150W
• 200W
• 250W
• >250W

Based on the Communication Interface,  the market has been segmented as follows:

• LIN
• CAN
• PWM

Based on the Region, the market has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Rest of the World

Recent Developments

• In February 2024, The Automotive Aftermarket division of Schaeffler AG extended its product range within the INA brand to provide auxiliary electric water pumps of established quality, meeting top OEM standards. This aftermarket solution extends its benefits to owners of combustion engines, hybrids, and electric vehicles, ensuring compatibility with a wide range of well-known manufacturers, covering over 50 million vehicles.
• In September 2023, DENSO Corporation developed the "Everycool" advanced cooling system, which provides comfort and energy efficiency when the commercial vehicle engine is off. "Everycool" is a cooling system designed for use when a truck's engine is idle. It serves the dual purpose of enhancing driver comfort during hot summer months and contributing to environmental sustainability by minimizing fuel consumption and promoting efficient energy utilization.
• In June 2023, Rheinmetall Automotive AG introduced the latest heat pump, designed as a convenient plug-and-play solution. This compact unit arrives fully assembled and filled, ready for immediate use. With its intelligent thermal management system, the new coolant system extends the vehicle range and material lifespan and elevates passenger comfort. Specifically engineered to provide precise climate control within the passenger compartment, it also offers intelligent conditioning for batteries in electric vehicles and drive components.
• In September 2022 September 2024, Schaeffler AG developed high-performance electric motors for commercial vehicles that are over 97 percent efficient. Schaeffler's new high-performance electric motors are scalable, efficient, and highly robust. These systems consist of a coolant regulator, electric water pumps, sensors, and an intelligent controller, offering manufacturers the advantages of a compact, space-efficient design.
• In August 2022, HELLA enhanced its thermal management offerings under the FORVIA umbrella brand by introducing an electronic Valve Actuator and a high-performance Media Pump designed for coolant circulation. The company has commenced series a series of development of these advanced components, with plans for market release set for 2025.
• In November 2021, Gates Corporation, a worldwide supplier of tailored fluid power and power transmission solutions, expanded its footprint in hybrid and battery electric vehicle (BEV) sectors by introducing its latest-generation technology for electric water pumps (EWP). These pumps are utilized in light commercial and heavy-duty vehicles.   The Gates ThermalPro EWP technology results from substantial investments in electronics, software, motor design, and computational fluid dynamics.

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