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Report: Electric Coolant Pump Market to Be Worth $3.9 Billion by 2030

By SEMA News Editors

MarketsandMarkets has released a report showing the electric coolant pump market is projected to grow from $1.9 billion in 2024 to $3.9 billion by 2030.

The growth is expected to be influenced by factors such as growing stringency in emission regulations with decreased emission limits, where electric coolant pumps can help reduce engine load and lower emissions. Factors such as the increase in hybrid and plug-in hybrid electric vehicles and powerful direct-injection engines installed with gasoline turbochargers are also estimated to boost the market. These factors fuel continuous developments in pump specifications like power output, and increasing collaborations between electric coolant manufacturers and OEMs drive its growing popularity. 

Key players in this space include Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Denso Corporation (Japan), Aisin Seiki., Co. Ltd. (Japan), Concentric AB (Sweden), Schaeffler AG (Germany) and Hella GmbH & Co. KgAa (Germany). 

For more information, visit the MarketsandMarkets website here.